This market research report includes a detailed segmentation of the global caustic soda market by production process (membrane cell, diaphragm cell, and others) and by application (pulp and paper, organic chemicals, inorganic chemicals, soaps/ detergents/ textiles, alumina production, and water treatment and others). It outlines the market shares for key regions such as APAC, Europe, North America, and the ROW. The key vendors analyzed in this report are Arkema, Bayer MaterialScience, Dow Chemicals, FMC, Kemira, SABIC, and Solvay Chemicals.
Technavio has released its new market research report, global caustic soda market, which is expected to grow at a CAGR of around 3% between 2016 and 2020. The caustic soda market is anticipated to grow at a moderate pace owing to the growth of various end-user industries like alumina, organics, inorganics, pulp and paper, soaps and detergents, and water treatment chemicals. APAC accounts for 50% of the overall market share, owing to the rise in population and consumption rates.
“Rising demand for PVC in the construction industry is expected to boost the growth of caustic soda market during the forecast period. Caustic soda is one of the main constituents in the production of construction material like PVC, epoxy resins, and polycarbonate. PVC is expected to be the fastest-growing segment in the construction sector, which will increase the consumption of caustic soda over the next four years,” says Chandrakumar BJG, Lead Analyst, Chemicals & Materials, Technavio Research.
The pulp and paper segment accounts for the largest market share of 23%. It was followed by organics with 20.69%, inorganics with 15.74%, and soaps/detergents/ textiles with 13.80% shares. The least market share was contributed by alumina and water treatment and others with a total of 27.01%. This trend is most likely to continue till the end of the forecast period.
The key vendors in the global caustic soda market include Arkema, Bayer MaterialScience, Dow Chemicals, FMC, Kemira, SABIC, and Solvay Chemicals. Intense competition, rapid technological advances, and frequent changes in consumer preferences constitute significant risk factors for the vendors in the market. The market is witnessing consolidation with increased competition. Also, the influx of private labels in the market is also on the rise. Therefore, to survive and succeed in this intensely competitive environment, it is imperative for vendors in the market to distinguish their product and service offerings through a clear and unique value proposition. The development of innovative products by the vendors is expected to help the market growth during the forecast period.
A more detailed analysis is available in the Technavio report, Global Caustic Soda Market 2016-2020.
We can customize this reports by other regions and specific segments upon request.
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