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Global caustic soda market was valued at US$ 30.82 Bn in 2013 and is anticipated to reach US$ 39.75 Bn by 2020, expanding at a CAGR of 3.7% between 2014 and 2020.
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Caustic SodaGlobal Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 Caustic Soda Market to Reach USS$39.75 bn by 2020, predicts TMR ©2019 Transparency Market Research, All Rights Reserved
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Research Insights The caustic soda market is predicted to experience high levels of competition among the vendors. A small profit margin and limited availability of raw materials pose a challenge to new entrants. TMR analysts report that the global caustic soda market, which was evaluated to be at US$30.82 bn in 2013, will rise to USS$39.75 bn by 2020. The caustic soda market is anticipated to exhibit a 3.7% CAGR over the forecast period of 2014 to 2020. Among the application segments, Alumina is predicted to emerge as the leading one in the global caustic soda market, on account high industrial demand. In terms of geography, Asia Pacific is projected to demonstrate a brisk growth rate over the coming years. Latin America and Australia are projected to gain prominence in terms of import. On the part of key players, Occidental Petroleum Corporation, Reliance Industries Limited, AkzoNobel N.V., Olin Corporation, and The Dow Chemical Company are expected to demonstrate supremacy in the worldwide caustic soda market. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved
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