Caustic soda (sodium hydroxide) is produced while producing chlorine during the electrolysis of sodium chloride. It is an inorganic compound with the formula NaOH. It is a white solid ionic compound consisting of sodium cations Na+ and hydroxide anions OH−. Caustic soda is a highly caustic base and alkali that decomposes proteins at ordinary ambient temperatures and may cause severe chemical burns. It is highly soluble in water, and readily absorbs moisture and carbon dioxide from the air. The product is highly consumed in the production of household products such as detergents, soaps, and cleaning products.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the rising product consumption in aluminium, soaps and detergents, organic chemicals, and more. High product demand can mainly be attributed to growth of the textile industry in emerging economies such as China, India, Vietnam, and Taiwan. Over 40% of the global production, as well as demand, come from China on account of the high growth of various industries.
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Some of the key players profiled in the Caustic Soda Market include Akzo Nobel NV, Aras Petrochemical Company, Arkema S.A, Covestro AG, Dow, FMC Corporation, Formosa Plastics Corp, Hanwha Chemical Corporation, Occidental Petroleum Corporation, Olin Corporation, SABIC, Shin-Etsu Chemicals Co. Ltd, Solvay, Tata Chemicals Limited, and Union Chlorine LLC.
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