Global Caustic Soda Market – Industry Trends and Forecast to 2029

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Global Caustic Soda Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Dec 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Caustic Soda Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2022 –2029
Diagram Market Size (Base Year)
USD 78.54 Million
Diagram Market Size (Forecast Year)
USD 94.95 Million
Diagram CAGR
%
Diagram Major Markets Players
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Global Caustic Soda Market, By Product Type (Lye, Flake and Other), Production Process (Membrane Cell, Diaphragm Cell, Others), Grade (Reagent Grade, Industrial Grade, Pharmaceutical Grade), Application (Alumina, Pulp and Paper, Organic Chemical, Inorganic Chemical, Textile, Soap and Detergents, Water Treatment, Dye and Ink, Others) – Industry Trends and Forecast to 2029.

Caustic Soda Market

Caustic Soda Market Analysis and Size

Caustic soda  is widely used in textiles processing, paper and pulp and soap and detergent industry. It is highly used to process cotton fabric, make dyes and also in laundering and bleaching in textile industry. Caustic soda is also used as an intermediate for different type of organic chemicals to prepare epoxy resins, paints, rayon, ceramics, spandex, explosives and glass and in oxide coating, electroplating, electrolytic extracting and metal cleaning and processing.

Data Bridge Market Research analyses that the caustic soda market is expected to undergo a CAGR of 2.40% during the forecast period. This indicates that the market value, which was USD 78.54 million in 2021, would rocket up to USD 94.95 million by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Caustic Soda Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD million, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Lye, Flake and Other),  Production Process (Membrane Cell, Diaphragm Cell, Others), By Grade (Reagent Grade, Industrial Grade, Pharmaceutical Grade), Application (Alumina, Pulp and Paper, Organic Chemical, Inorganic Chemical, Textile, Soap and Detergents, Water Treatment, Dye and Ink, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Olin Corporation (U.S.), Westlake Corporation (U.S.), Tata Chemicals Ltd (India), Occidental Petroleum Corporation (U.S.), Formosa Plastics Corporation (Taiwan), Solvay (Belgium), Tosoh Corporation (Japan), Hanwha Solutions Corporation (South Korea), AGC, Inc. (Japan), Dow (U.S.), Xinjiang Zhongtai Chemical Co. Ltd. (China), INOVYN (U.K.), Ciner Resources Corporation (U.S.), Wanhua-Borsodchem (Hungary), AkzoNobel N.V. (Netherlands), Reliance Industries Limited (India)

Market Opportunities

  • Growth and expansion of chemical industry
  • Increased growth prospects due to high utilization
  • Rising research and development opportunities

Market Definition

Caustic soda is also known as sodium hydroxide and the formula is NaOH. It is a white-colored ionic compound present in solid form and comprising sodium cations Na+ and hydroxide anions OH-. It is strongly alkaline and chemically produced by electrolyzing of sodium chloride (NaCl). It is insoluble in ether and non-polar solvents, moderately soluble in alcohol, and highly soluble in water. Caustic soda is used in formulating several chemical products because of its reactive and corrosive nature.

Global Caustic Soda Market Dynamics

Drivers

  • High usage of caustic soda in food sector

Caustic soda is highly used in various food processing purposes, such as curing foods and helping to giving them different crunch. It also removes skins from potatoes, tomatoes and other fruits and vegetables. Caustic soda is used as a food preservatives ingredient which help to prevent and protect the food from bacteria. These are some major factors which are expected to drive the growth of the market.

  • Rising demand of caustic soda in healthcare sector

Caustic soda is widely used for the manufacture of several type of medicines and pharmaceutical products such as aspirin, a common pain reliever. This medicine works as anticoagulants which can prevent blood clots and also as cholesterol-reducing medications. The rising demand of caustic soda in healthcare sector is expected to drive the growth rate of the market.

  • Growing demand of caustic soda in soap and detergent industry

Caustic soda is used to manufacture different types of soaps and detergents, which are extensively used in homes and commercial applications. Chlorine bleach is formulated by combining caustic soda with chlorine. The increasing demand for caustic soda for the preparation of soaps, detergents and several other cleaning products is projected to upsurge the market's revenue growth.

Opportunities

  • Increased growth prospects due to high utilization

The usage of caustic soda has increased in several applications such as pharmaceuticals, industrial chemicals and many other industries will create lucrative opportunities for the growth of the caustic soda market in upcoming years. It helped the companies to grow more in the coming year and provided several opportunities. The cell technology of membrane is also one of the major factor which is expected to create growth opportunities for the market players.  

Restraints/Challenges

  • Harmful effects on environment and human health

Caustic soda is reactive in nature and also corrosive in nature. It is not good for human health and the environment. Usage of high concentrations of caustic soda can cause digestive system or lungs, severe burns to the eyes, skin, and many more. Its harmful effects on environment and human health will hamper the growth of caustic soda market in the upcoming year.

This caustic soda market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the caustic soda market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Caustic Soda Market

The COVID-19 pandemic has adversely affected the caustic soda production, which highly affected the growth of the caustic soda market. The outbreak of covid-19 has reduced the production and supply units of several raw materials market and similar for caustic soda market all over the globe. On the brighter side hand, people have started to use disposable paper products which augmented the demand for the caustic soda in the market. Furthermore, the activities such as pulp and paper, chemical manufacturing and water treatment have augmented which increase the growth of the caustic soda market.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In January 2021: Andhra Sugars which is an Indian company has announced plans to increase its caustic soda manufacturing capacity to 900TPD from its existing capacity of 500TPD. 
  • In January 2021: Shin-Etsu Chemical Co. has announced the plans to further increase its manufacture capacity of caustic soda by 390,000 m.t. /yr. This project construction is expected to be finished by the end of the year 2023. 

Global Soda  Market Scope

The caustic soda market is segmented on the basis of product type, production process, grade and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Lye
  • Flake
  • Other

Production Process

  • Membrane Cell
  • Diaphragm Cell
  • Others

 Grade

  • Reagent Grade
  • Industrial Grade
  • Pharmaceutical Grade

Application

  • Alumina
  • Pulp and Paper
  • Organic Chemical
  • Inorganic Chemical
  • Textile
  • Soap and Detergents
  • Water Treatment
  • Dye and Ink
  • Others

Caustic Soda Market Regional Analysis/Insights

The caustic soda market is analyzed and market size insights and trends are provided by country, product type, production process, grade and application as referenced above.

The countries covered in the caustic soda market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific will continue to project the highest compound annual growth rate due to the increasing demand for caustic soda in the developing countries' textile industry. Moreover, the rise in the production of and demand for the caustic soda will further increase the growth of the caustic soda market in this region.

North America dominates the caustic soda market during the forecast period 2022-2029 due to the increase in the need for soap and detergents and textile applications. Furthermore, the increase in the price-points is further projected to drive the growth of the caustic soda market in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Caustic Soda Market Share Analysis

The caustic soda market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to caustic soda market.

Some of the major players operating in the caustic soda market are:

  • Olin Corporation (U.S.)
  • Westlake Corporation (U.S.)
  • Tata Chemicals Ltd (India)
  • Occidental Petroleum Corporation (U.S.)
  • Formosa Plastics Corporation (Taiwan)
  • Solvay (Belgium)
  • Tosoh Corporation (Japan)
  • Hanwha Solutions Corporation (South Korea)
  • AGC, Inc. (Japan)
  • Dow (U.S.)
  • Xinjiang Zhongtai Chemical Co. Ltd. (China)
  • INOVYN (U.K.)
  • Ciner Resources Corporation (U.S.)
  • Wanhua-Borsodchem (Hungary)
  • AkzoNobel N.V. (Netherlands)
  • Reliance Industries Limited (India)


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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The Caustic Soda Market will be worth USD 94.95 million by 2029 during the forecast period.
The Caustic Soda Market growth rate is 2.40% during the forecast period.
High usage of caustic soda in food sector, Rising demand of caustic soda in healthcare sector and Growing demand of caustic soda in soap and detergent industry are the growth drivers of the Caustic Soda Market.
The product type, production process, grade and application are the factors on which the Caustic Soda Market research is based.
Andhra Sugars which is an Indian company has announced plans to increase its caustic soda manufacturing capacity to 900TPD from its existing capacity of 500TPD and Shin-Etsu Chemical Co. has announced the plans to further increase its manufacture capacity of caustic soda by 390,000 m.t. /yr are the latest developments in the Caustic Soda Market.