Global Caustic Soda Market By Grade (Industrial grade, Reagent grade, and Pharmaceutical grade), By Application (Water Treatment, Inorganic & Organic Chemicals, Food, and Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Caustic Soda Market Overview:

In 2021, the global Caustic Soda market was worth USD 41,395 million. This market is expected to grow at a CAGR of 5% between 2023-2032.

Caustic soda is used in the manufacture of petroleum, paper and pulp, and oil & gas. Because of its lightweight, Caustic soda has been used in household cleaning in India, China, Pakistan, and other countries.

Caustic soda, which is readily available and inexpensive, is a favorite chemical compound to remove heavy metals from water. These factors drive the market’s revenue growth.

Global Caustic Soda Market Analysis

Grade Analysis

The global caustic soda market is segmented by grade into reagent, industrial, and pharmaceutical grades. In 2021, the highest revenue share went to industrial grade. The industrial grade caustic acid is not the best. It can contain impurities and is used in commercial and industrial manufacturing. It is widely used in the manufacture of dyes, metal cleaning, bleaching, and oxide coating in the textile industry.

Caustic soda offers many properties including stain and weather resistance, hardiness, luster, stiffness, and resistance to light and weather effects. 56% of sodium hydroxide that is produced is used industrially, while 30% is used by the paper industry. It is not safe to be used in food or beverages.

Application Analysis

In 2021, organic chemicals accounted for a high share of the caustic soda market. This market segment is expected to lose a lot of its market share by 2032 to the textile industry. Caustic soda is an important reactant in the manufacture of organic chemicals. More than 25% of caustic acid is used to produce organic chemicals in Europe. Inorganic chemical formulations also have many uses for sodium hydroxide.

The majority of global demand for caustic soda comes from organic chemicals like glass, paints, cosmetics, ceramics, and ceramics that are used in fuel cell production. The textile sector is expected to be the fastest growing segment in terms of revenue, with a projected value exceeding US$ 10 million by 2032.

Caustic soda is used to remove oil and wax from textile fibers, making them more open to bleaching, dying, and other processes. The caustic soda treatment of textiles gives them a higher tensile and luster. Caustic soda can also be used to make man-made fibers.

Other application segments like water treatment and soaps and detergents will see steady growth throughout the forecast period. These segments’ growth is dependent on changing cleaning application demand.

Key Market Segments

By Grade

• Industrial grade
• Reagent grade
• Pharmaceutical grade

By Application

• Water Treatment
• Inorganic & Organic Chemicals
• Food
• Alumina
• Textiles
• Pulp & Paper

Market Dynamics

Caustic soda is a major component of inorganic chemicals. It can be used in many applications, including pulp and papers, textiles, detergents, and chemicals. Market growth for caustic soda is directly related to increased demand from end-use sectors. Over the forecast period, market growth will be supported by increasing demand from both pulp and paper industries as well as textile industries.

Caustic soda acts as an alkali compound and can react with many substances including aluminum and zinc. This is another reason that metallurgical applications will see strong demand for caustic soda. This is expected to further accelerate the market with increased product consumption in alumina extract.

Caustic soda’s reactive and high-corrosive properties can cause damage to the environment. This could pose a problem for market growth. Limited consumption of PVC will likely impact chlorophyll demand, and thus its production. Caustic soda is a byproduct of the chlorine manufacturing process. This will adversely affect the production of caustic soap in the next few years.

Asia Pacific’s market is expanding significantly because of increased consumption across industries like textiles and aluminum. Globally, demand for organic, inorganic, and soaps and detergents is increasing at a moderate rate, but the overall domestic consumption of caustic acid in Asian countries will continue growing at an impressive pace.

Regional Analysis

The Asia Pacific accounted for the largest revenue share of 53% and is expected to be the fastest regional market in the future. High product demand can be attributed to the growth of the textile industry within emerging economies like China and Vietnam. The rising demand in this region is expected to increase due to the increased consumption of aluminum, soaps, detergents, and organic chemicals.

The Asia Pacific is expected to continue its dominance during the forecast period. This is likely to be due to the rising demand for and production of caustic acid in China. China is responsible for 40% of the world’s caustic soda production. North America is projected to see steady growth between 2023-2032 with a 5.3% CAGR. Over the forecast period, the regional market will be driven by higher demand for textile as well as soap and detergents applications.

Caustic soda demand increased slightly from a balanced level to moderately high. However, high temperatures in North America and the U.S. have resulted in a decrease in production volumes, longer formulation times, and lower operating rates at fewer plants. This could pose a problem to market growth.

Key Regions and Countries covered in thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Dow Chemical Company and Formosa Plastics Corporation are major players in this market. Market players can expect to have more opportunities as a result of increased R&D activities to develop new products and production methods. Major market stakeholders will concentrate on expanding capacity and joint ventures in emerging countries like India and China to meet the growing demand.

Solvay, one of the few industry players that have pioneered process innovation, is the leader in major markets. Product demand and supply depend heavily on where the manufacturing facility is located. This means that transportation options and costs must be considered. Many market players are working to establish brand value in order to foster long-term consumer relationships through regionally launched products.

Маrkеt Кеу Рlауеrѕ:

• Dow Chemical Company
• Solvay SA
• PPG Industries
• Formosa Plastics Corporation
• Tosoh Corporation
• INEOS Group Limited
• FMC Corporation
• Hanwha Chemical Corporation
• Other Key Players

For the Caustic Soda Market research study, the following years have been considered to estimate the market size: