Market Size of Mexico Caustic Soda Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 2.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Mexico Caustic Soda Market Analysis
The market for caustic soda in Mexico is expected to develop at a CAGR of over 2% during the forecast period. The major factor driving the growth of the market is the high demand for caustic soda in pulp & paper due to the increasing demand for paper and paperboard. Unfavorable conditions arising due to the sudden outbreak of COVID-19 is anticipated to foil the growth of the market during the forecast period.
- Caustic soda is used to manufacture products in industries like paper & pulp, soap & detergents, textiles, etc. and also in the synthesis of many organic and inorganic chemicals. Therefore, the product has a high demand and is expected to boost the market studied.
Mexico Caustic Soda Industry Segmentation
The Mexico Caustic Soda Market report includes:
Production Process | |
Membrane Cell | |
Diaphragm Cell | |
Other Production Processes |
Application | |
Pulp & Paper | |
Organic Chemical | |
Inorganic Chemical | |
Soap & Detergent | |
Alumina | |
Water Treatment | |
Textile | |
Other Application Sectors |
Mexico Caustic Soda Market Size Summary
The caustic soda market in Mexico is poised for growth, driven primarily by its significant demand in the pulp and paper industry. This demand is fueled by the increasing need for paper and paperboard products. Caustic soda plays a crucial role in this sector, being essential for processes such as wood pulp digestion, bleaching, and deinking of waste papers. The product's versatility extends to other industries, including soap and detergents, textiles, and the synthesis of various organic and inorganic chemicals, further bolstering its market presence. Despite the challenges posed by the COVID-19 pandemic, which has impacted market growth, the overall outlook remains positive due to the sustained demand across these sectors.
The production of caustic soda in Mexico is characterized by the adoption of the membrane cell process, known for its energy efficiency and eco-friendliness. This method offers several advantages over traditional processes, such as reduced energy consumption and the avoidance of mercury, a substance classified as a major public health concern by the World Health Organization. The membrane cell process's benefits are expected to drive its adoption and, consequently, the caustic soda market in Mexico. The market is partially consolidated, with key players including Olin Corporation, Occidental Petroleum Corporation, Hanwha Solutions/Chemical Corporation, and SABIC, contributing to the competitive landscape.
Mexico Caustic Soda Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand for Paper and Paperboards
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Rising Preference of Magnesium Hydroxide Over Caustic Soda in Certain Applications
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1.2.2 Unfavourable Conditions due to COVID-19 Outbreak
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Production Process
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2.1.1 Membrane Cell
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2.1.2 Diaphragm Cell
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2.1.3 Other Production Processes
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2.2 Application
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2.2.1 Pulp & Paper
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2.2.2 Organic Chemical
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2.2.3 Inorganic Chemical
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2.2.4 Soap & Detergent
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2.2.5 Alumina
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2.2.6 Water Treatment
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2.2.7 Textile
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2.2.8 Other Application Sectors
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Mexico Caustic Soda Market Size FAQs
What is the current Mexico Caustic Soda Market size?
The Mexico Caustic Soda Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in Mexico Caustic Soda Market?
Olin Corporation, Occidental Petroleum Corporation, Hanwha Solutions/Chemical Corporation, Dow and SABIC are the major companies operating in the Mexico Caustic Soda Market.