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Caustic soda, commonly known as sodium hydroxide, is a powerful, highly reactive alkaline chemical that is widely utilised in a variety of industries. It is a white, odourless, non-flammable substance that is soluble in water, alcohol, and glycerin.
It is widely used in the manufacture of paper, textiles, soaps, and detergents, as well as in the refining of petroleum and the processing of aluminium. It is also used in water treatment to alter the pH of water and eliminate pollutants.
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It is very corrosive and can cause serious chemical burns if it comes into contact with the skin or eyes. It should be handled with considerable caution, and suitable protective equipment should always be utilised when dealing with it.
China, India, Poland, and Russia are the largest producers and consumers in the market of caustic soda globally.
Key Details About the Caustic Soda Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Caustic Soda price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Caustic Soda Price chart, including India’s Caustic Soda price, and USA’s Caustic Soda price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Caustic Soda Price Trend::
Caustic soda is a chemical molecule that is frequently employed in several industrial operations. One of its principal applications is in the making of paper, where it is used to break down lignin and separate the cellulose fibres. It is also used in the textile industry to treat and prepare fibres for spinning and weaving.
It is a crucial component in the creation of different cleaning agents in the soap and detergent business, including bar soaps, liquid soaps, and laundry detergents.
It is used in petroleum refining to remove contaminants and modify the pH values of crude oil. It is also utilised in the production of aluminium.
Key Players:
- Akzo Nobel NV
- Occidental Petroleum Corporation (OxyChem)
- Arkema Group, Covestro AG
- Tata Chemicals Limited, Dow Chemical Company
- Shin-Etsu Chemicals Co. Ltd
- Saudi Basic Industries Corporation (SABIC)
- Solvay SA
Recent News:
- February 03, 2023: Amid growing corporate government concerns, The Adani Group will review the project plans for the Caustic Soda and PVC Greenfield.
Read Also: https://procurementresource.blogspot.com/2023/05/base-oil-prices-and-forecasts-provided.html
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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