Caustic Soda Market 2018 to 2023 | Application, Types & Regional Analysis

Posted by Priya on May 19th, 2018

Caustic soda is the co-product in chlorine production. The laws of chemistry define that for every tones of chlorine production, about 1100 kg of caustic soda is also produced, along with 28 kg of hydrogen. The caustic soda is a major building block in many industrial processes. However, because of its chemical and physical properties, it needs to be handled with proper care and professionalism. The global caustic soda market is expected grow moderately and register a value CAGR of 5.92% over the forecast period.

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Caustic Soda Market- Overview     

For the purpose of this study, Market Research Future has segmented the global caustic soda market in five different regions namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The North American market is further divided into the US and Canada while the European market is segmented into Germany, Russia, the U.K, France, Italy and Rest of Europe. The Asia Pacific market is sub-divided into China, India, Japan, South Korea, Australia, and Rest of Asia Pacific. Global caustic soda market is projected to reach USD 56687.66 Million by 2027 at a CAGR of 5.92% during the review period 2017-2027.

Some of the protuberant drivers supporting the growth of global caustic soda market are identified as, high growth of alumina industry due to increasing use of aluminum in transportation sector as automotive makers are increasingly using aluminium to reduce vehicle weights and curb emissions, rising pulp & paper industries as caustic soda is used as a bleaching agent for the pulp and growing application industries like organic, inorganic, textile and dyes. However, energy-intensive operations and hence low profit margin to the manufacturers & environmental impact of carbon emission is one of the restraining factor for the caustic soda market.

Top 10 Global key Players & Their Revenue Generation Strategy

Some of the key players operating in the global caustic soda market are Solvay S.A, Formosa Plastics Group, Olin Corporation, The Dow Chemical Company, Occidental Petroleum Corporation, Xinjiang Zhongtai Chemical Co., Tata Chemicals Limited, Gujarat Alkalies and Chemicals, AkzoNobel N.V, Westlake Chemical Corporation among others.

Market – Overview 

 High adoption rate along with the increasing number of petroleum plants to meet the energy requirements for the ever-growing population is set to further propel the growth of the market. Moreover, continuous expansion of textile industry as well as paper manufacturers is estimated to fuel the growth of the market during the review period, 2017 to 2023. More than half of the total Caustic Soda consumption is utilized to manufacture paper and expected to increase over the forecast period. Additionally, Caustic Soda is utilized during water purification to raise the pH of water supplies. Increased pH makes the water less corrosive to plumbing and reduces the amount of lead, copper and other toxic metals that can dissolve in drinking water.

Caustic Soda Industry

The global caustic soda market is segmented as the type, application and region. On the basis of type, caustic soda market is segmented as lye, flake and others. On the basis of application, market is segmented as inorganic chemical, organic chemical, alumina, soap & detergents, pulp & paper, water treatment, textiles, dye & ink and others. Based on the region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.