Global Caustic Soda

Global Caustic Soda Market Research Report: Forecast (2022-2027)

By Production Process (Membrane Cell, Diaphragm Cell), By Application (Organics, Inorganics, Soap & Detergents, Pulp & Paper, Textiles, Others (Water Treatment, etc.)), By Region (North America, Europ Read more

  • Chemicals
  • Jun 2022
  • 192
  • CM10264

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

  • Growing Water Scarcity Issues Worldwide are Elevating the Demand for Caustic Soda

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.

Global Caustic Soda Market Research Report: Forecast (2022-2027)

Market Segmentation

Based on Applications:

  • Soaps & Detergents
  • Pulp & Paper
  • Inorganics
  • Organics
  • Textiles
  • Others (Water Treatment, etc.)

Of all applications, soaps & detergents dominated the Global Caustic Soda Market with the largest share in previous years, and the same trend is expected during 2022-27. It attributes principally to the growing concerns over the spread of diseases & viruses and an escalating need to maintain hygiene & cleanliness in households. It, in turn, is displaying an exponential rise in the consumption of soaps & detergents, i.e., instigating their manufacturers to expand their production & distribution capabilities to cater to the burgeoning consumer requirements.

Since caustic soda is a prominent ingredient in soaps & detergents used for removing dirt & grease, the mounting sales of these cleaning products are positively influencing the caustic soda market growth globally. Besides, the advent of Covid-19 also played a prominent role in propelling the sales of soaps & detergents, which, in turn, generated lucrative growth opportunities for the leading players operating in the global market.

On the other hand, the textile application of caustic soda is likely to exemplify the fastest market growth over the forecast years. It owes to the swiftly expanding textile industry, especially across Asia-Pacific, requiring caustic soda to eliminate waxes & oils from fiber and make it receptive to bleaching, dying, etc. Besides, caustic soda also finds application in processes like mercerizing, i.e., a chemical treatment to enhance the fabric's strength, luster, & dye affinity. Hence, the burgeoning application of caustic soda across the textile industry hints at remunerative prospects for the global market in the years ahead.

Based on Production Process:

  • Membrane Cell
  • Diaphragm Cell

Here, the membrane cell production process of caustic soda is likely to significantly contribute to the overall market expansion during 2022-27. It attributes principally to the capabilities of this process to utilize a selective membrane that separates chlorine & sodium ions, which are used later to react with refined water for caustic soda production with a concentration of around 30%. Hence, the membrane cell production process is swiftly gaining popularity among manufacturers who require mass production. Moreover, other benefits like minimal use of electricity and low steam requirements to concentrate caustic soda are also leading to the increasing utilization of the membrane cell process for caustic soda production, thereby promoting the overall market expansion.

Regional Landscape

Geographically, the Global Caustic Soda Market expands across:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Of all regions globally, Asia-Pacific is anticipated to dominate the Caustic Soda Market with the largest share during 2022-27. It owes principally to countries like China, India, Vietnam, & Japan being massive textile industries and the largest producers & consumers of caustic soda across the region.

Besides, the extensive paper & pulp and chemical manufacturing industries are also among the prominent end-users of caustic soda, which projects a lucrative growth trajectory for the regional market. Moreover, the massive population and the growing sales of aluminum, soaps & detergents, and organic chemicals, among others, are also positively influencing the growth of the Asia-Pacific Caustic Soda Market.

Furthermore, to cater to the consumer needs, the regional market players are actively conducting & massively investing in several R&D activities to bring new products & production processes. Several stakeholders are expected to actively focus on expanding their capacities & joint ventures across emerging markets like India & China, which, in turn, would further boost the Caustic Soda Market in Asia-Pacific through 2027.

Market Dynamics:

Growth Opportunity: Mounting Concerns over Hygiene & Cleanliness

Amidst the Covid-19 pandemic, people worldwide showcased a massive inclination toward disinfectants and the consumption of soaps & detergents to maintain hygiene & cleanliness and eliminate the chances of virus spread. It, in turn, led to an exponential rise in the production & distribution capacities of disinfectants, soaps, & detergents, among others, and positively influenced the demand for caustic soda used for manufacturing these products. Although the pandemic has shown a decline in the number of cases, the concerns are still the same & shall prevail in the coming years, which, as a result, projects lucrative prospects for the leading players in the Global Caustic Soda Market over the coming years.

Possible Restraint: Highly Corrosive Nature of Caustic Soda

Since the compounds of caustic soda react with aluminum, tin, copper, zinc, or their alloys, it can even form explosive gases & mixtures. Additionally, caustic soda can also react with materials like chlorinated compounds, organic molecules, oxidizers, & nitro compounds and, in turn, produce toxic substances.

The highly corrosive nature of caustic soda can pose dangers in case humans or animals are exposed to it and may cause irreversible damage if no immediate treatment is provided. Hence, such factors might affect its sales and hamper the projected expansion of the Global Caustic Soda Market in the years ahead.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Caustic Soda Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Caustic Soda Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Caustic Soda Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Global Caustic Soda Market study?

Frequently Asked Questions

A. The Global Caustic Soda Market is projected to register more than 5% CAGR during 2022-27.

A. The mounting sales of soaps & detergents owing to the rising inclination of people toward maintaining hygiene & cleanliness, especially after the Covid-19 pandemic, is the prime aspect projected to drive the Global Caustic Soda Market through 2027.

A. The textiles application is expected to emerge as an area of remunerative opportunities for the leading players in the Global Caustic Soda Market during 2022-27.

A. Globally, Asia-Pacific is projected to hold a prominent share in the Caustic Soda Market over the forecast years.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Preface
  3. Executive Summary
  4. Impact of Covid-19 on Global Caustic Soda Market
  5. Global Caustic Soda Market Trends & Insights
  6. Global Caustic Soda Market Dynamics
    1. Impact Analysis
    2. Drivers
    3. Challenges
  7. Global Caustic Soda Market Hotspots & Opportunities
  8. Global Caustic Soda Market Regulations, Policies & Standards
  9. Global Caustic Soda Market Supply Chain Analysis
  10. Global Caustic Soda Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Tons)
    2. Market Share & Analysis
      1. By Production Process
        1. Membrane Cell
        2. Diaphragm Cell
      2. By Application
        1. Soaps & Detergents
        2. Pulp & Paper
        3. Inorganics
        4. Organics
        5. Textiles
        6. Others (Water Treatment, etc.)
      3. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      4. By Company
        1. Revenue Shares
        2. Competition Characteristics
        3. Competitor Placement in MarkNtel Quadrant
  11. North America Caustic Soda Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Tons)
    2. Market Share & Analysis
      1. By Production Process
      2. By Application
      3. By Country
        1. The US
        2. Canada
        3. Mexico
  12. South America Caustic Soda Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Tons)
    2. Market Share & Analysis
      1. By Production Process
      2. By Application
      3. By Country
        1. Brazil
        2. Rest of South America
  13. Europe Caustic Soda Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Tons)
    2. Market Share & Analysis
      1. By Production Process
      2. By Application
      3. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
  14. Middle East & Africa Caustic Soda Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Tons)
    2. Market Share & Analysis
      1. By Production Process
      2. By Application
      3. By Country
        1. GCC
        2. South Africa
        3. Rest of Middle East & Africa
  15. Asia-Pacific Caustic Soda Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Tons)
    2. Market Share & Analysis
      1. By Production Process
      2. By Application
      3. By Country
        1. China
        2. Japan
        3. India
        4. Vietnam
        5. Rest of Asia-Pacific
  16. Global Caustic Soda Market Key Strategic Imperatives for Growth & Success
  17. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End-Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
  18. Company Profiles
    1. Aditya Birla Chemicals
    2. Brenntag North America, Inc.
    3. Covestro AG
    4. Dow Chemical Company
    5. Formosa Plastics Corporation
    6. FMC Corporation
    7. Gujarat Alkalies and Chemical Limited
    8. Hanwha Chemical
    9. INEOS Group Limited
    10. Occidental Petroleum Corporation (OXY)
    11. Olin Corporation
    12. PPG Industries
    13. Solvay SA
    14. Tata Chemicals Limited
    15. Tosoh Corporation
    16. Xinjiang Zhongtai Chemical Co., Ltd.
    17. Others
  19. Disclaimer
Caustic Soda Market Segmentation