Global Caustic Soda Market Share Till 2020 - Market Estimate, Competitive Landdscape, Industry Size By Grand View Research, Inc

Global caustic soda market is highly dynamic in nature and is heavily dependent on downstream product demand and pricing. Asia Pacific was the largest consumer of caustic soda on account of high demand from organic compound manufacturers located in China, India, Taiwan and Thailand. Market participants operating in the region are anticipating softening of market prices owing to seasonal dip in caustic soda demand especially in the South-East Asia.

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Major manufacturers such as Dow Chemical Company are constantly involved in improving product yield and process efficiency. Dow employs two electrolytic routes for manufacturing caustic soda which includes membrane and diaphragm cells. The membrane cell technology is relatively new and does not require additional salt removal techniques as in the diaphragm cell. Other players operating in global caustic soda market include AkzoNobel, Olin Chlor Alkali Products, Befar Group Co. Ltd., Formosa Plastics Corporation, Occidental Chemical Corporation and SABIC.

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