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.
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Key Market Trends
High Demand from Pulp & Paper Application to Boost Caustic Soda Market in Mexico
– Caustic soda is used in the pulp and paper industry mostly for digesting wood to make wood pulp. It is also used as a bleaching agent for neutralizing bleached pulp and paper.
– Furthermore, it is used for the deinking of waste papers. Caustic soda is available in solid, flake, or powder form, while its water solution is mostly used by the pulp and paper industry.
– The paper production value in Mexico for the month of June 2019 is projected to be USD around 290 million, which is an increase of 1.5% compared with the figure enrolled around the same time of the last year.
– In Mexico, the gross production value of the book, newspaper, and magazine printing industry is estimated to add up to USD 19.5 million. The production of Magazine printing alone has a value of USD 1.8 million.
– All the aforementioned factors are expected to drive the Mexico Caustic Soda market during the forecast period.
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