India Caustic Soda Market to Grow at 7.6% till 2025
Growing applications of caustic soda in
textile, pulp & paper, alumina and detergent industry coupled with
increasing production of several organic and inorganic chemicals and rapid
industrialization to drive India Caustic Soda market through 2025
According to a recently released TechSci Research report, “India
Caustic Soda Market Study, 2011 – 2025”, the caustic
soda marketin India is projected to exhibit a CAGR of ~7.60% during 2016-2025,
owing torising
application of caustic soda invarious industries. India accounted for a share
of around 3.5% in the global Caustic Soda market. Moreover, growing application
of caustic soda in various end use industries such as, textile & apparels,
pulp & paper and soaps & detergent industry is driving demand for
caustic soda in India. In 2016, India textiles market is estimated to stand at
USD108 billion and is further anticipated to reach USD223 billion by 2021. Thus,
rising industrialization activities in the country, coupled with the emerging
lifestyle and improving economy are further likely to boost demand for caustic
soda in India during the forecast period.
Growth in the caustic soda market in India is directly proportional to demand
generating from various end users. Textile, Paper and Aluminium industries are
the major end users expected to drive India caustic soda market during the
forecast period. Moreover, growing sedentary lifestyle is contributing growth in
the textile market in India, owing to increasing government effort to boost
textile exports. Moreover, India paper industry is projected to exhibit a CAGR
of 9.6% during 2012-2017, as the market is expected toreach USD11.83 billion by
2017. Furthermore, expanding metallurgical applications of caustic soda in the
country, is further forecast to drive growth in India caustic soda market in
the coming years.
“Western Region in India
dominate caustic soda market over the past few years, owing to growing textile,
pulp & paper, etc., industries, there by fueling demand for caustic soda. Moreover,
the region accounts for large number of textile and paper industries, which are
spread across the entire region. Furthermore, increasing investments by leading
textile companies such as Raymond Group, Wellspun India Limited, etc., in the
region, are further anticipated to drive India caustic soda market during the
forecast period.” said Mr. Karan Chechi, Research Director, with TechSci
Research, a research based global management consulting firm.
“India Caustic Soda Market Study, 2011 – 2025” has analyzed the potential of the caustic
soda market in India and provides statistics and information on market sizes,
shares and trends. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers and key challenges faced by India caustic soda market.
About TechSci Research
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