Caustic soda is a common ingredient which is used in chemical industries as a chemical intermediary majorly in manufacturing of organic chemicals, inorganic chemicals, soaps & detergents, and so on. There has been a strong growth in the global caustic soda market, due to the strong growth in the application industries in developing regions such as Asia-Pacific and Rest of the World.
Caustic soda is currently experiencing significant price, hikes due to the high demand to supply ratio, which could further lead a high growth in terms of revenue of the major companies.
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The key participants operating in the global caustic soda market are The Dow Chemical Company (U.S.), PPG Industries (U.S.), Olin Corporation (U.S.), OXY (U.S), INEOS ChlorVinyls (Switzerland), AkzoNobel , and Solvay S.A (Belgium), among others.
The Dow Chemical Company is one of the market leaders in the global chemical industry. It contributed a share of 14.0% to the global caustic soda market in in 2014. The company is operational in the manufacturing and supplying of products that are primarily used as raw materials in various end-user industries. The company operates through four product segments, namely specialty chemicals, agro sciences, advanced materials, and plastics businesses. It delivers a broad range of technology-based products and solutions to its customers in approximately 180 countries, in sectors, such as packaging, electronics, coatings, and agriculture.
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The company entered into a joint venture in March 2014, with Mitsui & Co. Ltd. (Tokyo) in order to strengthen the company’s feedstock and enhance its downstream business. This is expected to help the company to produce caustic soda as per end-user demand.
