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Caustic Soda Market
This report researches the worldwide Caustic Soda Market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Caustic Soda breakdown data by manufacturers, region, type and application, also analyses the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.Caustic Soda market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 23200 million in 2020. Over the next five years the Caustic Soda market will register a 1.0% CAGR in terms of revenue, the global market size will reach US$ 24180 million by 2026.
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Companies Covered (Sales, Price, Revenue, Volume, Gross Margin and Market Share)-
DuPont, OxyChem, Westlake Chemical, Olin Corporation, Formosa Plastics Corporation, Tosoh, Inovyn, Asahi Glass, Covestro, Shin-Etsu Chemical, AkzoNobel, Hanwha Chemical, Solvay, LG Chemical, Tokuyama Corp, SABIC, Kemira, Basf, Aditya Birla Chemicals
Industry News and Developments:
Chemfab Alkalis bags approval to enhance Caustic Soda capacity to 56,575 TPA; Stock ends 11% up
April 09, 2021: Chemfab Alkalis on Friday announced that the company has received Consent to Operate (CTO) enhancing its Caustic Soda capacity from 45,600 TPA to 56,575 TPA. The company said that consent capacities of all co-products has also been enhanced.
Further, the company said, “all CAPEX were funded through internal accruals.”
On Sensex, Chemfab Alkalis closed at Rs139.70 per piece up by 10.79%. The stock had touched a day’s high of Rs149 per piece during trading hours.
Oxy Petroleum reports narrower loss, best quarterly free cash flow
May 14/2021: MOSCOW (MRC) — Occidental Petroleum post-market after reporting a smaller than forecast adjusted Q1 loss and a lighter than expected decline in revenues, helped by higher crude oil prices and improved fuel demand, said the company. Pre-tax income rose from the fourth quarter because of higher pricing in most of the segment’s product lines, the company said. The rise was partially offset by the disruptions caused by winter storm Uri in February.
OxyChem had temporarily shut down production because of the polar storm. Uri also disrupted sales and caused prices to raise for the company’s raw materials, mainly ethylene and power. OxyChem did not provide commentary on its year-on-year performance.The segment’s pre-tax income of USD251m exceed the company’s guidance of USD225m.
As per MRC, OxyChem, a subsidiary of Occidental Petroleum Corporation (OXY), a major international petrochemicals manufacturer, plans to resume caustic soda, chlorine production in Convent, Louisiana, USA on May 3. OxyChem in the United States is reopening its 350,000 tonnes of chlorine and 392,000 tonnes of caustic soda plant in Convention, Louisiana after a year of downtime. The plant was closed for commercial reasons in the second quarter of 2020. According to market sources, due to the increased supply of chlorine, it is being restarted.
Earlier it was noted that the March production of sodium hydroxide (caustic soda) amounted to 118 thousand tons (100% of the main substance) against 98.4 thousand tons a month earlier. In the first three months of the year, the total production of caustic soda amounted to 329.4 thousand tons, which is 0.7% less than the same indicator of the previous year.
Caustic Soda Market Segment By Types
Liquid Caustic Soda
Solid Caustic Soda
Caustic Soda Flake
Caustic Soda Particle
Caustic Soda Market Segment By Applications
Pulp and Paper
Textiles
Soap and Detergents
Bleach Manufacturing
Petroleum Products
Aluminum Production
Chemical Processing
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Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in the last five years are identified. The trends and strategies section highlights the likely future developments in the market and suggests approaches.
Prime Takeaways:
The report covers profiling of key market player with overall business operations, news coverage, product portfolio, geographic presence, and financial status
Value chain analysis, which is combined with competitive landscape of key players of the Caustic Soda market
Market size and forecast of the Caustic Soda market for the period from 2021 to 2027
Global presence of the market, market dynamics and evaluation by upstream and downstream of raw materials
CAGR% for individual segments in various regional markets for a period from 2021 to 2027
The COVID-19 pandemic had disrupted the industry owing to the lockdown of the manufacturing facilities and the trade barriers which were imposed across the globe. However, the market is slowly recovering and is speculated to return pre-COVID level soon. Market Insights Reports has considered the impacts of coronavirus on the Caustic Soda market and accordingly has done a comprehensive assessment for the forecast period 2021-2027.
Reasons to Buy Caustic Soda Market Report:
Caustic Soda Market share assessments for the regional and country-level segments.
Strategic recommendations for the new entrants.
Covers Caustic Soda market data for 2020, 2021, until 2025.
Caustic Soda Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations).
Strategic recommendations in key business segments based on the Caustic Soda market estimations.
Competitive landscaping mapping the key common trends.
Company profiling with detailed strategies, financials, and recent developments.
Supply chain trends mapping the latest technological advancements.
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