Transparency Market Research announced a report titled “Caustic Soda Market for Alumina, Pulp & Paper, Soaps & Detergents, Organics, Inorganics, Water Treatment and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”.
Albany, NY -- (SBWIRE) -- 06/04/2015 -- The demand for caustic soda is directly proportional to the demand for products such as soaps and detergents, alumina, and paper and pulp. Thus, the global caustic soda market continues to grow at an exponential rate on the backdrop of huge production orders from the aluminum and paper and pulp industries. However, the global caustic soda market faces the challenge of managing its energy-intensive production, which continues to be a restraint. The market also has some lucrative opportunities such as growing demand from Africa.
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The global caustic soda market is segmented on the basis of application and regions. Depending on the application, the market is fragmented into alumina, soaps and detergents, pulp and paper, organics, inorganics, water treatment, and others such as petroleum processing, textiles, and food processing. Regionally, the global caustic soda market is segmented into North America, Asia Pacific, Europe and Rest of World.
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The Asia Pacific region is expected to grow at a fast pace in the coming years due to the growth of its numerous end-use industries in China and India.
Key players in the caustic soda market are The Dow Chemical Company, Olin Corporation, AkzoNobel N.V., Occidental Petroleum Corporation, Formosa Plastics Corporation, Bayer MaterialScience AG, Axiall Corporation, Shin-Etsu Chemicals Co. Ltd., INEOS ChlorVinyls, and Reliance Industries Limited.
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