The increasing demand for caustic soda from various end-use sectors is expected to aid the expansion of the market, states Fortune Business Insights, in a report, The booming paper and pulp industry is expected to foster healthy growth of the market during the forecast period.
The report on the liquid caustic soda market specifically states minute and significant global market improvements in recent times. The report also offers a wide-ranging study fixated on emerging trends and new innovative products. Also, the robust research methodology involving primary interviews and desk research is all covered in the report. Besides, delivering a noteworthy overview to support emerging companies and strengthen their position.
Agreement of Axiall Old and World Industries to Augment Growth
The increasing partnerships and collaborations is expected to enable speedy expansion of the market in the forthcoming years. For instance, in March 2016, Axiall Old announced that it has entered into a liquid caustic soda distribution agreement with World Industries, an automotive and heavy-duty coolant manufacturing company. The joint venture is expected to strengthen the position of both companies. The increasing demand from chemical and other end-use industries is expected to stimulate the market’s growth further. The growing use of aluminum in automobile and aviation industries to reduce the vehicle’s overall weight is expected to promote market growth. Besides, the liquid chemical has a vast number of applications like chemical pulping, tissue digestion, esterification, transesterification, dissolution of amphoteric metals and non-metals, cleaning, food preparation, water treatment, and others. Hence, growing demand from various industries is expected to boost the market. However, the alkali is corrosive in nature. The carbon emissions and negative environmental impact are likely to hinder its adoption.
Availability of Raw Material to Intensify Growth in Asia Pacific
Asia Pacific is expected to the largest share in the market owing to the easy availability of raw material and lower labor costs. China is the largest producer and consumer of caustic soda. North America is expected to hold the second position in the market due to the extensive manufacturing in the U.S. Europe is expected to experience significant growth due to the increasing demand from pulp & paper and alumina industries. Latin America, the Middle East, and Africa are expected to exhibit considerable growth due to the region’s lack of industries. However, companies’ shifting focus to set up plants can foster the healthy development of the market in those regions.
January 2019: United Stars Company, a Tristar Group’s signed an agreement with SABIC Industries to provide transport service for liquid chemicals like MTBE and caustic soda.
The Report Lists the Key Players in the Global Liquid Caustic Soda Market:
Ineos Chlor Ltd
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