Caustic Soda Market
Report ID: SQMIG15A2274
Caustic Soda Market Size, Share, Growth Analysis, By Application(Alumina, Pulp & Paper, Soaps & Detergents, Organics), By Type(Lye and flakes), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2274 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
65
|Figures:
75
Caustic Soda Market Insights
Caustic Soda Market size was valued at USD 39.8 billion in 2021 and is poised to grow from USD 41.5 billion in 2022 to USD 55.5 billion by 2030, at a CAGR of 3.8% during the forecast period (2023-2030).
Caustic Soda Markets are vital in several processes such as making drugs and bauxite purification to food related industries and oil refining. Major food processing applications are provided by the caustic soda. For instance, it is widely used in olive treatment , along with it , Caustic soda helps brown pretzels to gain the crunchy characteristic and to remove the skin from fruits and vegetables for the process of canning.
The companies in caustic soda are primarily focusing on this type of applications which along with food processing includes alumina pulp paper soaps and detergents. Increase in the market of chemical productions and petroleum products has majorly driven the market. Catering to the augmented demand ,key players in the caustic soda market are primarily focusing on capacity growth and joint ventures in the emerging markets.After the decline in market share during the COVID-19, major manufacturers of this market should focus on various innovations of new products and increasing the production process through technological advancement.
Europe has seen the major price hike of caustic soda during recent times due to the Increase in natural gas and electricity prices.In comeback of the U.S. economy, recovery rate of caustic soda market was lower than expected, due to the various circumstances including deep freeze which impacted demand and predictions.Transportation costs and long lead time, along with production cuts in us the market had the severe negative impact on it.
US Caustic Soda Market is poised to grow at a sustainable CAGR for the next forecast year.
To get more reports on the above market click here to Buy The Report
Caustic Soda Market Segmental Analysis
Caustic Soda Market is segmented on the basis of application, Type, and region. By application, the market is segmented Alumina, Pulp & Paper, Soaps & Detergents, Organics, Inorganics, Water Treatment, and Others. By type, the market is segmented into Lye and flakes. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Caustic Soda Market Analysis by Application
By application, the global market is divided into many segments such as Alumina, Pulp & Paper, Soaps & Detergents, Organics, Inorganics, Water Treatment, and Others.Organic segment will lead the caustic soda market due to the increase usage in production of chemicals. In FY 2022,the chemical industry segment of Caustic Soda market was the leading segment and consumed roughly around 28% of total market share.Caustic soda serves various applications such as pharmaceuticals and medicines in textile industry for soaring and pH level controller, in energy sector, in food production,wooden paper products.
Caustic Soda Market Analysis by type
By vertical, the Caustic Soda Market market is classified into Lye and Flakes. Increasing demand for the lye segment has led it to hold a significant market share of alumina and pulp & paper industries. India has been the emerging market for caustic soda Lye. The major caustic soda Lye heavily lies in the eastern region due to the presence of several leading alumina industries like Utkal Alumina Nalco in the eastern states of Odisha.
To get detailed analysis on other segments, Request For Free Sample Report
Caustic Soda Market Regional Insights
Globally, Asia pacific region is estimated to hold the highest global Caustic Soda Market share during the forecasted Year. Increasing interest rates, construction work,expanding chemical industry, and government subsidies, backed by high consumer expenditure is boosting the growth of the market.Implementing business intelligence & analytics solutions, and analytics-based strategies in different industrial companies operating in the region are playing a vital role in driving the market growth.
In the Asia Pacific Market, China accounted for the major shares due to the expansion of the end use industry.Aditya Birla Chemicals Limited and Gujarat alkalies and Chemicals Limited are the major manufacturers in India.These two manufacturers help the emerging Indian market to drive successfully in forecasted period.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Caustic Soda Market Dynamics
Caustic Soda Market Drivers
Surge in Demand for Alumina will Propel Market Growth
- The Caustic Soda Market is a type of key facilitator used in refining of Raw bauxite into white powder alumina that is then smelted to make aluminum. To adopt increasing demand for the Alumina industry there is growing acceptance of Caustic soda.The various applications of aluminum includes construction, transportation and containers & packaging. Along with it, to promote the sustainable use of energy, aluminum presents itself as a great potential in the forecasted period.
- Aspirin and uncommon pain reliever is commonly used by people in today's time.Caustic soda is widely used for the manufacture of this type of medicines and pharmaceutical products. The medicine manufactured with the help of caustic soda, helps as anticoagulants which can prevent blood clot, and also as a cholesterol reducing medication.These utilities of caustic soda in healthcare and pharmaceutical sector is expected to drive the growth of market.
Caustic Soda Market Restraints
Critical Negative effects on environment and human health.
- The major serious effect of caustic soda is, it is reactive in nature and also corrosive in nature, which may have harmful impact on human health and environment.High usage or dosage of caustic soda may have serious impacts on human health, that includes the effects on digestive system or lungs, severe burns to the eyes, skin and many more.These adverse effects of caustic soda on environment and human health will surely hinder the growth of market.
Request Free Customization of this report to help us to meet your business objectives.
Caustic Soda Market Competitive Landscape
Competition in the global Caustic Soda Market market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of applications compatible with Caustic Soda Market will also increase. Currently, only major key players are providing their products in the global market but these numbers will increase in the upcoming years.
Caustic Soda Market Top Player’s Company Profiles
- The Dow Chemical Company (Dow)
- Olin Corporation
- AkzoNobel N.V.
- Reliance Industries Limited (RIL)
- Occidental Petroleum Corporation (Oxy)
- Formosa Plastics Group (FPG)
- Shin-Etsu Chemicals Co., Ltd. (Shin-Etsu)
- Axiall Corporation
- INEOS ChlorVinyls
- Bayer MaterialScience AG
- Meghmani Finechem Limited
- BorsodChem
- Tata Chemicals Limited
- Westlake Chemical Corporation
- Xinjiang Zhongtai Chemical Co. Ltd
- Gujarat Alkalies and Chemical Limited
- Covestro AG
- PPG Industries
- FMC Corporation
- Brenntag North America Inc.
Caustic Soda Market Recent Developments
- In February 2022 Occidental Petroleum Chemical Division had considered increasing the capacity of Chlor-Alkali plants to produce high quality caustic soda.
- In November 2022, US Chemical Olin Corporation and Japanese traders Mitsui and Corporation told the Brazilian Competition Authority that joint venture between them will result in an overlap in the Brazilian and global market for caustic soda.And in the global market for dichloroethane.
Caustic Soda Key Market Trends
- One of the vital applications of caustic soda is that it helps in raising the pH of water by absorbing water and carbon dioxide.The increasing water scarcity around the world will surely help the caustic soda market to gain a certain amount of boost.Extreme water stress, water scarcity and strict regulations to treat the contaminate water would drive growth of global market.
Caustic Soda Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Caustic Soda Market market analysis, the global market is estimated to have significant growth during the forecast period because of the surge in demand for contaminated water treatment along with its rising demand for alumina across the globe. Caustic Soda Market will enable a variety of services to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 39.8 billion |
| Market size value in 2030 | USD 55.5 billion |
| Growth Rate | 3.8% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Caustic Soda Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Caustic Soda Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Caustic Soda Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Caustic Soda Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Caustic Soda Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Caustic Soda Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
