Solid Caustic Soda Market Size is Expected to Grow CAGR 5.50% By 2028 | Reports and Data

Reports and Data estimates the global Solid Caustic Soda competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Solid Caustic Soda during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Dow Chemical Company, Tata Chemicals Limited, FMC Corporation, PPG Industries, Tosoh Corporation, Nirma Limited, Hanwha Chemical Corporation, Ineos Group Limited, Formosa Plastics Corporation, and Occidental Petroleum Corporation (OXY), among others.

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Solid Caustic Soda Overview :-

The solid caustic soda market is projected to grow at a rate of 5.5% in terms of value, from 2020 to reach USD 37.31 Billion by 2028.  Solid caustic soda is a substance used as an ingredient or in the production of a wide variety of household products such as detergents, body soap, and drain cleaners.

It is a non-flammable and odorless white solid which is available commercially in the form of pellets, flakes, granules, and aqueous solutions of different concentrations. Owing to its highly corrosive nature, it can generate substantial heat and ignite combustible materials when dissolved in water. The product is used in petroleum products refining, organic synthesis processes, and textile industry in the production of bleaching fabrics and viscose silk, in soap making, paper, and aniline industry, production of soluble glass, aluminum and sodium metal, alkaline accumulators.

Municipal water treatment facilities use caustic soda to control water acidity and remove heavy metals from water. It is also used to produce sodium hypochlorite, a water disinfectant. It is used to manufacture a variety of pharmaceutical and medicines products, from common pain relievers to anticoagulants that can help to prevent blood clots, to cholesterol-reducing medications.

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For the purpose of this report Reports and Data has segmented global Solid Caustic Soda market on the basis of type, application, and region:

Distribution Channel Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

  • Online
  • Offline

Grade Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

  • Reagent Grade
  • Industrial Grade
  • Pharmaceutical Grade

Application Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

  • Organic Chemicals
  • Inorganic Chemicals
  • Soaps & Detergents
  • Energy
  • Water Treatment
  • Textiles
  • Alumina
  • Others

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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Key Questions answered by the Report:

  • What is the expected year-on-year growth of the Solid Caustic Soda during the forecast period?
  • What key trends are expected influence revenue growth of the market going ahead?
  • Which region is expected to account for largest revenue share over the forecast period?
  • Which key companies are profiled in the report?

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