Market Definition
Caustic soda (Sodium Hydroxide (NaOH)) has multiple applications owing principally to its alkali nature, which allows it to act as a base that neutralizes the acid. It is soluble in water & an excellent ingredient in the production of several everyday items.
Caustic soda is manufactured in various forms like pellets, flakes, powders, & solutions and is also present in numerous cleaning products. Hence, the increasing requirements for such products across different sectors are instigating the demand for caustic soda.
Besides, since caustic soda can dissolve grease and other dirt efficiently, it also has a prominent role in applications like wood pulp processing to create paper & cardboard. Moreover, the pharmaceutical & packaging industries, the most prevalent end-users of cardboards, are also playing a crucial role in promulgating the demand for caustic soda globally.
Market Insights
The Global Caustic Soda Market is projected to witness over 5% CAGR during the forecast period, i.e., 2022-27. Most of the market growth is likely to be fueled by the growing need for caustic soda across the alumina industry to produce aluminum by refining raw bauxite into white power alumina and then smelting it. Besides, the burgeoning production & sales of soaps & detergents owing to mounting concerns over cleanliness & hygiene among various people worldwide are also driving the market since caustic soda is an active ingredient in these cleaning products.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) | 5% |
| Regions Covered | North America: The US, Canada, Mexico |
| South America: Brazil, Rest of South America | |
| Europe: Germany, The UK, France, Italy, Spain, Rest of Europe | |
| Asia-Pacific: China, Japan, India, Vietnam, Rest of Asia-Pacific | |
| Middle East & Africa: GCC, South Africa, Rest of Middle East & Africa | |
| Key Companies Profiled | Aditya Birla Chemicals, Brenntag North America, Inc, Covestro AG, Dow Chemical Company, Formosa Plastics Corporation, FMC Corporation, Gujarat Alkalies and Chemical Limited, Hanwha Chemical |
| Unit Denominations | USD Million/Billion |
Moreover, the globally booming packaging industry, which relies extensively on disposable paper products & cardboards for packaging goods and ensuring their safe & damage-free transportation, is also propelling the demand for caustic soda to break the lignin bonds of wood in order to process them further for papermaking. Furthermore, the increasing prevalence of various diseases & viruses worldwide, i.e., fueling the demand for disinfecting agents to clean cloths, grocery bags, & other household products, also project remunerative prospects for the Global Caustic Soda Market through 2027.
Key Trend in the Global Caustic Soda Market
Caustic soda is used extensively as a water treatment chemical owing to its capabilities to absorb water & carbon dioxide and raise the pH levels. The mounting water scarcity, extreme stress on water bodies, and stringent regulations by governments of different countries for adequate waste disposal are leading to the burgeoning need for caustic soda water treatment, i.e., a key trend in the Global Caustic Soda Market.
