Caustic Based Compound Formulation Market - Forecast(2021 - 2026)

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Caustic Based Compound Formulation Market
Forecast (2021 - 2026)Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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• Approximately 2.1 billion population across the
  globe had a scarcity of safely managed drinking
  water services in 2017. Caustic based compound
  formulations such as sodium hydroxide are widely
  used to remove heavy metals from drinking water.
  Contaminated water consumption is the primary
  reason for these many fatal deaths every year.
  Increasing need to supply safe drinking water is
  the key factor fueling the growth of the caustic
  based compound formulations market. The global
  caustic based compound formulation market size
  was valued at 148 million as of 2018 and is
  expected to grow with a CAGR of 4.5 throughout
  the forecast period 2019-2025.

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• Key Takeaways
• Asia-Pacific generated 46.4 of the global
  caustic based compound formulation market revenue
  in 2018. Increasing demand from paper and pulp
  industry is impelling the growth of the caustic
  based compound formulations in developing
  economies such as China and India. These caustic
  based compounds are used in almost all pulp
  bleaching processes. The Indian paper industry
  was valued at approximately 8.5 billion as of
  2018. Thus, the increasing pulp and paper
  production, which in turn, spur the growth of the
  caustic based compound formulation market.

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Caustic Based Compound Formulation Market
Application Analysis Solid form segment that
will be creating the most lucrative opportunities
for the caustic based compound formulation
market. This application segment is projected to
grow at a CAGR of 4.87 through to 2025. In food
products, a caustic based compound such as
potassium hydroxide is used as a food stabilizer
and thickener, and pH control agent. Thus,
increasing the use of solid form caustic based
compound formulations in several food
applications such as curing, canning, and also as
an ingredient in food preservatives, which in
turn, incite the growth of this market.
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• Caustic Based Compound Formulation Market
  Industry Outlook 
• Dow Chemical Company,
• Formosa Plastics Corporation,
• FMC Corporation,
• Hanwha Chemical Corporation,
• INEOS Group Limited,
• Occidental Petroleum Corporation,
• PPG Industries,
• Solvay SA, and Tosoh Corporation.

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Caustic Based Compound Formulation Market
Forecast (2021 - 2026) Learn More About the
Report _at_ https//www.industryarc.com/Report/188
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• Analyst Briefing
• Data Tables
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