The global caustic soda market is set to gain momentum from its increasing usage as a water treatment chemical. It can absorb water and carbon dioxide and surge its pH level. The report further states that the market size was USD 44,959.2 million in 2024 and is projected to reach USD 55,557.7 million by 2027, exhibiting a CAGR of 3.1% during the forecast period.

What Does This Report Contain?

This report includes in-depth information associated with change in material usage, new product launches, and technological advancements. It provides market dynamics based on various factors, such as opportunities, challenges, drivers, hindrances, and dynamics. At the same time, it will deliver a complete insight from the supply side respondents related to market share, distribution, and size.

Drivers & Restraints-

Increasing Demand from Building & Construction Industry to Aid Growth

The International Aluminum Institute declared that in 2024, the total alumina production was 131,910 thousand metric tons. Sodium hydroxide is considered to be a significant ingredient for alumina production. It is therefore mainly demanded by containers & packaging, transportation, and building & construction industries. Besides, the usage of hybrid cars is set to surge in the upcoming years because of their ability to enhance fuel economy. The metal can also reduce the weight of vehicles. These factors are set to propel the caustic soda market growth in the near future. However, caustic soda is highly corrosive which can cause severe damage to eyes. It may hinder growth.

Segment-

Organics Segment to Remain at the Forefront Stoked by Usage in Ceramics and Paints

Based on the application, the organics segment generated the largest caustic soda market share in 2024. This growth is attributable to the increasing usage of this inorganic soda in the manufacturing of ceramics, glass, and paints. It is also used in the production of cosmetics and fuel cells.

Regional Insights-

Rising Government Subsidies to Favor Growth in Asia Pacific

Geographically, Asia Pacific held USD 25,280.17 million in terms of revenue in 2024. The region would lead the market throughout the forthcoming years on account of the increasing consumer spending, interest rates, construction activities, and government subsidies. In 2024, Europe and North America procured more than 25% of the global market. In the U.S., prominent manufacturers have started inclining rapidly towards membrane technology from diaphragm or mercury cell process.

Competitive Landscape-

Key Players Focus on Acquisition Strategy to Gain a Competitive Edge

The global market is fragmented with the presence of a large number of prominent companies operating domestically and internationally. Most of them are striving to gain a competitive edge by acquiring local firms. Some of the others are increasing prices of sodium hydroxide to fulfil the high demand. Below are the two latest industry developments:

March 2020: Brenntag acquired the distribution business of Suffolk Solutions, Inc. It will help the former to enhance its position in the Eastern U.S. and strengthen its supply chain.
February 2020: OxyChem surged the price of caustic soda to $40/dst. Economic slowdowns in Europe and China have resulted in tremendous pressure on the price of this chemical compound. It has also increased the demand from numerous sectors.
A list of all the renowned caustic soda manufacturers operating in the global market:

Olin Corporation (Clayton, Missouri, United States)
Tata Chemicals Limited (India)
Aditya Birla Chemicals (India) Limited (India)
Gujarat Alkalies and Chemical Limited (India)
Occidental Petroleum Corporation (OXY) (Houston, Texas, United States)
Formosa Plastics Corporation (Taiwan)
PPG Industries (Pittsburgh, Pennsylvania, United States)
Xinjiang Zhongtai Chemical Co., Ltd. (China)
Hanwha Chemical (South Korea)
Brenntag North America, Inc. (North America)
Other Key Players
Browse In-depth Summary of This Research Insight

https://www.fortunebusinessinsights.com/caustic-soda-market-104711

The global cyclohexanone market size is expected to showcase considerable growth by reaching USD 10,462.4 million by 2027 while exhibiting a CAGR of 4.7% between 2024 and 2027. This is attributable to the rising automotive sector and the growing demand for nylon across several industrial applications that is likely to boost the demand for advanced cyclohexanone globally. Fortune Business Insights, published this information, in its latest report, titled, “Cyclohexanone Market Size, Share & COVID-19 Impact Analysis, By Application (Caprolactam, Adipic Acid, Solvents, Others), and Regional Forecast, 2024-2027.” The report further mentions that the market stood at USD 7,690.4 million in 2019 and is likely to gain momentum in the forthcoming years.

Cyclohexanone is an organic compound that is colorless to pale yellow in appearance and has a pleasant odor in nature. It is less dense than water and has a demand from several end-user industries, mainly in the production of nylon and its by-products across the globe. Additionally, it is used as a solvent for paints, lacquers, degreasers, coatings, and others.

What does the Report Include?

The global market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market between 2024 and 2027. Moreover, the research analyst has adopted several research methodologies such as SWOT and PESTEL analysis to extract information about the current trends and industry developments that will drive the market growth during the forecast period.

DRIVING FACTORS

Rising Automotive Sector to Augment Cyclohexanone Demand

The rising technological advancement backed by the availability of high disposable income is driving the sales of high-end automotive across the globe. The growing demand for lightweight components in the automotive is leading the manufacturers to develop materials such as nylon and nylon 66 that are durable and lightweight. This is likely to drive the demand for advanced cyclohexanone products in the automotive industry. Furthermore, the increasing demand for nylon owing to its strong rigidness and durability from several end-user industries is expected to boost the global cyclohexanone market growth during the forecast period.

SEGMENTATION

Adipic Acid Held 26.2% Market Share in 2019

The adipic acid segment, based on application, held a market share of about 26.2% in 2019 and is expected to gain momentum owing to its increasing adoption as high-end solvent for several industrial applications such as inks, coatings, and pesticides.

REGIONAL INSIGHTS

Asia-Pacific to Remain Dominant; Rising Automotive Industry to Favor Growth

Among all the regions, Asia-Pacific is expected to showcase considerable growth and hold the highest position in the global market in the forthcoming years. This is attributable to the rising automotive industry backed by the large presence of automotive manufacturing plants that is driving the demand for advanced cyclohexanone in the region. Asia-Pacific stood at USD 4,794.7 million in 2019.

The market in Europe is anticipated to experience substantial growth backed by the high demand for lightweight components in the automotive sector that is propelling the manufacturers to develop nylon materials derived from cyclohexanone in the region between 2024 and 2027.

COMPETITIVE LANDSCAPE

Eminent Companies Focus on Facility Expansion to Brighten Their Market Prospects

The global cyclohexanone market is fragmented by the presence of key players that are focusing on expanding their manufacturing facilities to strengthen their positions during the forecast period. Furthermore, other key players are adopting organic and inorganic strategies to maintain their presence in the market.

Industrial Development:

October 2024 – DOMO Chemicals announced its plant to build a new state-of-the-art manufacturing plant at Zhejiang, China. The company has invested around USD 14.10 million in the development of the nylon plant that will have the capacity to process 50,000 tons of renewable and advanced nylon compounds
List of the Companies Profiled in the Global Market:

BASF SE (Ludwigshafen, Germany)
Domo Chemicals (Gent-Zwijnaarde, Belgium)
OSTCHEM (Donetsk region, Ukraine)
Fibrant (Urmond, Netherlands)
UBE INDUSTRIES, LTD. (Tokyo, Japan)
TPCC (Taipei City, Taiwan)
Qingdao Hisea Chem Co., Ltd (Qingdao, China)
ARIHANT SOLVENTS AND CHEMICALS (Tamil Nadu, India)
JIGCHEM UNIVERSAL (Maharashtra, India)
Shreeji Chemical (Thane, India)
LUXI GROUP (New York, U.S.)
Honeywell International Inc (North Carolina, U.S.)
Shandong Haili Chemical Co., Ltd. (Shandong Province, China)
Shandong Hualu-Hengsheng (Shandong Province, China)
Asahi Kasei Corporation (Tokyo, Japan)
Gujarat State Fertilizers & Chemicals Ltd (GSFC) (Gujarat, India)
Other Players
Information Source:

https://www.fortunebusinessinsights.com/cyclohexanone-market-104551

The global thermoformed plastics market size is expected to reach USD 59.74 billion by 2027, exhibiting a CAGR of 5.7% during the forecast period. The growing awareness about hygienic packaged food products is expected to foster healthy growth of the market, states Fortune Business Insights, in a report The market size stood at USD 40.59 billion in 2024.

The report on the thermoformed plastics market emphasizes:

Wide-ranging analysis of the market
Valuable insights into the regions
Key market trends and drivers
Severe impact of COVID on the industry
Significant about prominent players
Market Driver:

Significant Demand for Packaged Food to Enable Growth

The increasing demand for packaged food owing to the evolving habits of consumers will foster the healthy growth of the market. The increasing income and expenditure are factors expected to contribute positively to the market growth. The high-barrier properties, extended shelf-life, contamination prevention of thermoformed plastics make it suitable for food packaging, thus boosting the growth of the market. Moreover, the growing need for sturdy packaging in convenience foods products will spur demand for such plastics. The surging population has resulted in increasing food production to cater to the needs of consumers, in turn aiding the growth of the market. The increasing urbanization in rural areas will have a positive effect on the market. The infrastructural development and technological advancements in packaging techniques will bolster the significant growth of the market.

Disturbed Production of Plastics to Impede Business Amid Coronavirus

The declined plastic production and supply is expected to have a drastic impact on the global market. The closed manufacturing facilities due to lockdown imposed by governments will aggravate the business in the forthcoming years. The disruption caused by the pandemic has severely affected the supply chain of dairy products, medicines, sanitizers, food, disinfectants, face masks, and others. However, the improving situation will urge governments to lift lockdowns, in turn, stabilizing the manufacturing sector and promoting the market.

Regional Analysis:

Prospering Healthcare Sector to Aid Growth in North America

The market in North America is expected to experience a high growth rate during the forecast period owing to the rapid industrialization and technological advancements in the packaging industry. The growing demand for medicines and drugs in the healthcare sector will contribute excellently to the market. The evolving consumer lifestyle and disposable income will favor the healthy growth of the market in the region. Asia Pacific is expected to hold a considerable share during the forecast period owing to the growing polymer formulations in developing nations such as China and India. China is the largest supplier of plastics products. The rapid urbanization and improved living standard of people can have a tremendous effect on the market in the region. Moreover, the growing automotive and construction sector is likely to fuel demand for thermoformed plastics in the region.

Information Source:

https://www.fortunebusinessinsights.com/thermoformed-plastics-market-104032

Key Development:

July 2020: Anchor Packaging LLC, announced it has acquired Panoramic Inc. manufacturer of thermoformed products. This acquisition will broaden the offering to produce, attract bakery, confectionery customers, and deli.

The Report Lists the Main Companies in the Thermoformed Plastics Market:

Fabri-Kal Corp. (U.S.)
Pactiv LLC (U.S.)
Amcor Ltd. (Australia)
Berry Global Inc. (U.S.)
D&W Fine Pack LLC (U.S.)
Genpak LLC (U.S.)
Dart Container Corp. (U.S.)
Sabert Corporation (U.S.)
Anchor Packaging (U.S.)
Sonoco Products Company (U.S.)
M. Packaging (Netherlands)
Other Key Players