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Global Caustic Soda Market to Reach a Volume of 88.46 Million Tons by 2027, Impelled by Widespread Industrial Applications

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Caustic Soda Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global caustic soda market reached a volume of 78.54 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 88.46 Million Tons by 2027, exhibiting at a CAGR of 1.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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, along with forecasts at the global and regional levels from 2022-2027. 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 2021
Historical Period 2016-2021
Forecast Period 2022-2027
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
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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)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview 
    4.2    Properties
    4.3    Key Industry Trends
5   Global Caustic Soda Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Product Type
    5.5    Market Breakup by Manufacturing Process
    5.6    Market Breakup by Grade
    5.7    Market Breakup by Application
    5.8    Market Breakup by Region
    5.9    Market Forecast
6   Market Breakup by Product Type
    6.1    Lye
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Flake
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Others
        6.3.1    Market Trends
        6.3.2    Market Forecast
7   Market Breakup by Manufacturing Process
    7.1    Membrane Cell
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Diaphragm Cell
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Others
        7.3.1    Market Trends
        7.3.2    Market Forecast
8   Market Breakup by Grade
    8.1    Reagent Grade
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Industrial Grade
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Pharmaceutical Grade
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Others
        8.4.1    Market Trends
        8.4.2    Market Forecast
9   Market Breakup by Application
    9.1    Alumina
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Inorganic Chemicals
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Organic Chemicals
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Food, Pulp and Paper
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Soap and Detergents
        9.5.1    Market Trends
        9.5.2    Market Forecast
    9.6    Textiles
        9.6.1    Market Trends
        9.6.2    Market Forecast
    9.7    Water Treatment
        9.7.1    Market Trends
        9.7.2    Market Forecast
    9.8    Steel/Metallurgy-Sintering
        9.8.1    Market Trends
        9.8.2    Market Forecast
    9.9    Others
        9.9.1    Market Trends
        9.9.2    Market Forecast
10  Market Breakup by Region
    10.1    Asia Pacific
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    North America
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Europe
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Middle East and Africa
        10.4.1    Market Trends
        10.4.2    Market Forecast
    10.5    Latin America
        10.5.1    Market Trends
        10.5.2    Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
    14.1    Price Indicators
    14.2    Price Structure
    14.3    Margin Analysis
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Dow Chemical Company
        15.3.2    Olin Corporation
        15.3.3    Tata Chemicals Limited
        15.3.4    Solvay SA
        15.3.5    FMC Corporation
        15.3.6    Occidental Petroleum Corporation (OXY)
        15.3.7    Formosa Plastics Corporation
        15.3.8    Ineos Group Limited
        15.3.9    PPG Industries
        15.3.10      Xinjiang Zhongtai Chemical Co. Ltd.
        15.3.11      Tosoh Corporation
        15.3.12      Hanwha Chemical Corporation
        15.3.13      Nirma Limited
        15.3.14      Akzo Nobel
        15.3.15      BASF
        15.3.16      Covestro

List of Figures

Figure 1: Global: Caustic Soda Market: Major Drivers and Challenges
Figure 2: Global: Caustic Soda Market: Sales Volume (in Million Tons), 2016-2021
Figure 3: Global: Caustic Soda Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Caustic Soda Market: Breakup by Manufacturing Process (in %), 2021
Figure 5: Global: Caustic Soda Market: Breakup by Grade (in %), 2021
Figure 6: Global: Caustic Soda Market: Breakup by Application (in %), 2021
Figure 7: Global: Caustic Soda Market: Breakup by Region (in %), 2021
Figure 8: Global: Caustic Soda Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 9: Global: Caustic Soda Industry: SWOT Analysis
Figure 10: Global: Caustic Soda Industry: Value Chain Analysis
Figure 11: Global: Caustic Soda Industry: Porter’s Five Forces Analysis
Figure 12: Global: Caustic Soda (Lye) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 13: Global: Caustic Soda (Lye) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 14: Global: Caustic Soda (Flake) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 15: Global: Caustic Soda (Flake) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 16: Global: Caustic Soda (Other Product Types) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 17: Global: Caustic Soda (Other Product Types) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 18: Global: Caustic Soda (Membrane Cell) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 19: Global: Caustic Soda (Membrane Cell) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 20: Global: Caustic Soda (Diaphragm Cell) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 21: Global: Caustic Soda (Diaphragm Cell) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 22: Global: Caustic Soda (Other Manufacturing Processes) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 23: Global: Caustic Soda (Other Manufacturing Processes) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 24: Global: Caustic Soda (Reagent Grade) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 25: Global: Caustic Soda (Reagent Grade) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 26: Global: Caustic Soda (Industrial Grade) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 27: Global: Caustic Soda (Industrial Grade) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 28: Global: Caustic Soda (Pharmaceutical Grade) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 29: Global: Caustic Soda (Pharmaceutical Grade) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 30: Global: Caustic Soda (Other Grades) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 31: Global: Caustic Soda (Other Grades) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 32: Global: Caustic Soda (Alumina) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 33: Global: Caustic Soda (Alumina) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 34: Global: Caustic Soda (Inorganic Chemicals) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 35: Global: Caustic Soda (Inorganic Chemicals) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 36: Global: Caustic Soda (Organic Chemicals) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 37: Global: Caustic Soda (Organic Chemicals) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 38: Global: Caustic Soda (Food, Pulp and Paper) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 39: Global: Caustic Soda (Food, Pulp and Paper) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 40: Global: Caustic Soda (Soap and Detergents) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 41: Global: Caustic Soda (Soap and Detergents) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 42: Global: Caustic Soda (Textiles) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 43: Global: Caustic Soda (Textiles) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 44: Global: Caustic Soda (Water Treatment) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 45: Global: Caustic Soda (Water Treatment) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 46: Global: Caustic Soda (Steel/Metallurgy-Sintering) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 47: Global: Caustic Soda (Steel/Metallurgy-Sintering) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 48: Global: Caustic Soda (Other Applications) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 49: Global: Caustic Soda (Other Applications) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 50: Asia Pacific: Caustic Soda Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 51: Asia Pacific: Caustic Soda Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 52: North America: Caustic Soda Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 53: North America: Caustic Soda Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 54: Europe: Caustic Soda Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 55: Europe: Caustic Soda Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 56: Middle East and Africa: Caustic Soda Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 57: Middle East and Africa: Caustic Soda Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 58: Latin America: Caustic Soda Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 59: Latin America: Caustic Soda Market Forecast: Sales Volume (in Million Tons), 2022-2027

List of Tables

Table 1: Caustic Soda: General Properties 
Table 2: Global: Caustic Soda Market: Key Industry Highlights, 2021 and 2027
Table 3: Global: Caustic Soda Market Forecast: Breakup by Product Type (in Million Tons), 2022-2027
Table 4: Global: Caustic Soda Market Forecast: Breakup by Manufacturing Process (in Million Tons), 2022-2027
Table 5: Global: Caustic Soda Market Forecast: Breakup by Grade (in Million Tons), 2022-2027
Table 6: Global: Caustic Soda Market Forecast: Breakup by Application (in Million Tons), 2022-2027
Table 7: Global: Caustic Soda Market Forecast: Breakup by Region (in Million Tons), 2022-2027
Table 8: Global: Caustic Soda Market Structure
Table 9: Global: Caustic Soda Market: Key Players


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Key Questions Answered in This Report

The global caustic soda market reached a volume of 78.54 million tons in 2021.

According to the estimates by IMARC Group, the global caustic soda market is expected to witness a CAGR of 1.9% from 2022 to 2027.

The rising usage of caustic soda to control acidity and remove heavy metals from water across the chemical, automotive, water treatment, and food and beverage industries, represent one of the key drivers for the global caustic soda market.

The expanding utilization of caustic soda in the extraction of alumina that is used in production of lightweight vehicles represents one of the key trends in the global caustic soda market.

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries of caustic soda.

On the basis of the product type, the market has been bifurcated into lye, flake, and others. Currently, lye holds the majority of the total market share.

On the basis of the manufacturing process, the market has been segmented into membrane cell, diaphragm cell and others. At present, membrane cell exhibits a clear dominance in the market.

On the basis of the application, the market has been divided into alumina, inorganic chemicals, organic chemicals, food, pulp and paper, soap and detergents, textiles, water treatment, steel/metallurgy-sintering, and others. Among these, alumina represents the largest segment.

Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.

The key companies in the global caustic soda market are 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.

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