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 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
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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
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Market Players Covered
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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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Market Opportunities
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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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