Caustic Soda Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Caustic Soda Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A1358
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Market Overview:

The global caustic soda market size reached 80.6 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 89.7 Million Tons by 2028, exhibiting a growth rate (CAGR) of 1.7% during 2023-2028.

Caustic soda, also known as sodium hydroxide (NaOH), is a white-colored solid ionic compound comprising hydroxide anions OH- and sodium cations Na+. It is strongly alkaline and chemically obtained by electrolyzing sodium chloride (NaCl). It is highly soluble in water, moderately soluble in alcohol, and insoluble in ether and non-polar solvents. It is used in formulating various chemical products due to its corrosive and reactive nature. Besides this, NaOH is used in preparing soda lime, cleaning and disinfectant products, and in the extraction of aluminum by purifying bauxite. As a result, it finds extensive applications in various industries like textiles, paper, chemical, and automotive.

 

 
 

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Caustic Soda Market Trends:

Rapid industrialization and the expansion of the chemical industry represent the key factors positively influencing the market. In addition, the increasing consumption and scarcity of freshwater and strict regulations to control contamination in seas, lakes, ponds, rivers, and oceans are strengthening the market growth. This can also be accredited to the growing utilization of caustic soda as a water treatment chemical that helps increase the pH level of water by absorbing carbon dioxide (CO2) and water. Apart from this, the rising utilization of aluminum across various industries, such as automotive, construction, and packaging, is catalyzing the demand for NaOH worldwide. Furthermore, the introduction of advanced technologies in the manufacturing processes of NaOH, along with extensive investments in research and development (R&D) activities, is expected to propel the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global caustic soda market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, manufacturing process, grade, and application.

Breakup by Product Type:

 

 
 

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  • Lye 
  • Flake
  • Others


Lye holds the majority of the market share due to its widespread adoption in the manufacturing of automobiles, construction materials, and consumer goods, such as soda cans and food packaging.

Breakup by Manufacturing Process:

  • Membrane Cell
  • Diaphragm Cell
  • Others


The membrane cell process represents the largest market segment as it supports environmental health and requires relatively simple and non-harmful materials.

Breakup by Grade:

  • Reagent Grade
  • Industrial Grade
  • Pharmaceutical Grade
  • Others


The industrial-grade caustic soda currently dominates the market due to the escalating demand for NaOH across different industry verticals worldwide.

Breakup by Application:

  • Alumina
  • Inorganic Chemicals
  • Organic Chemicals
  • Food, Pulp and Paper
  • Soap and Detergents
  • Textiles
  • Water Treatment
  • Steel/Metallurgy-Sintering
  • Others


Alumina accounts for the majority of the market share as it is extensively used in the automotive industry to reduce vehicular weight and harmful emissions, boost the performance, and fuel economy of automobiles.

Breakup by Region:

 

 
 

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  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America


The Asia Pacific exhibits a clear dominance in the market due to the increasing utilization of caustic soda in the region.

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Dow Chemical Company, Olin Corporation, Tata Chemicals Limited, Solvay SA, FMC Corporation, Occidental Petroleum Corporation (OXY), Formosa Plastics Corporation, Ineos Group Limited, PPG Industries, Xinjiang Zhongtai Chemical Co. Ltd., Tosoh Corporation, Hanwha Chemical Corporation, Nirma Limited, Akzo Nobel, BASF, Covestro, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units Million Tons
Segment Coverage Product Type, Manufacturing Process, Grade, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Dow Chemical Company, Olin Corporation, Tata Chemicals Limited, Solvay SA, FMC Corporation, Occidental Petroleum Corporation (OXY), Formosa Plastics Corporation, Ineos Group Limited, PPG Industries, Xinjiang Zhongtai Chemical Co. Ltd., Tosoh Corporation, Hanwha Chemical Corporation, Nirma Limited, Akzo Nobel, BASF and Covestro
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Caustic Soda Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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