IGR Caustic Soda Market | Page 3

manufacturing cost. Higher price fluctuation for caustic soda in the commodities spot market is also expected to pose a major restraint for the major players in the market during the forecast period. Browse Research Report: https://www.infiniumglobalresearch.com/chemical_material/global_caustic_soda_market Segments Covered: The report segments the global caustic soda market by application and region. On the basis of application, the market is segmented as alumina, detergents, food, inorganic chemicals, organic chemicals, pulp & paper, soaps, steel/metallurgy-sintering, textiles, water treatment and others. Geographic Coverage and Analysis: The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023. The global market size of chlorine was dominated by the Asia-Pacific region among the geographies. The market size of Asia-Pacific chlorine market was worth USD 15957.4 million in 2016 and it is projected to reach USD 22906.5 in 2023, growing at a CAGR of 5.3% between 2017 and 2023. In terms of volume, the market size of Asia-Pacific chlorine market is projected to reach 58026.6 kilo tons in 2023, growing at a CAGR of 4.4% between 2017 and 2023. China is the largest consumer and producer of caustic soda. The phenomenal increase in demand from textile industry in countries such as China, India, Taiwan, and Vietnam is expected to drive the growth in the Asia- Pacific market. Going forward, European caustic soda market is expected to experience a moderate growth as the market has attained maturity in this region. North America accounted for approximately 20% share in the