The Global Caustic Soda Market is expected to register 5.92% CAGR and reach approximately USD 63,415.1 Million by the end of 2027. , Caustic soda Market, also known as sodium hydroxide, has the chemical formula of NaOH. It is highly corrosive in both solid and liquid forms and can lead to skin irritations and burns if directly exposed. Caustic soda is the co-product of chlorine production. It is a major building block in many industrial processes. It is used in manufacturing textiles and pulp and paper and producing soaps and detergents, among others. The demand for caustic soda is driven by the increasing alumina production and growing demand for pulp in the paper industry. A hot solution of caustic soda is the key chemical required to separate alumina from bauxite in the aluminum industry. The increasing use of aluminum in the automotive industry supported by an increase in the sale of automobiles is the key factor expected to boost the growth of the global caustic soda market. Moreover, the growing demand for paper to manufacture tea bags, tissue paper, photocopying paper, heavy cardboard, and packaging is also expected to fuel the growth of the global caustic soda market, as it is used in the paper and pulp industry for pulp cooking. , Market Dynamics, The global caustic soda market is expected to register a remarkable CAGR of 5.92% during the forecast period, 2019–2027. The prime factor supporting the growth of the global caustic soda market is the growth of the alumina industry due to the increasing use of aluminum in the automotive industry as the manufacturers are increasingly using aluminum to reduce the overall weight of the vehicles to curb emissions. Likewise, the increasing demand in the pulp & paper industry is also expected to boost the global market growth. However, the energy-intensive operations and environmental impact of carbon emission are factors expected to hamper the growth of the global caustic soda market. Nevertheless, the use of membrane cell technology is expected to create growth opportunities for the players operating in the global caustic soda market. , Global Caustic Soda Market, by T

The Global Caustic Soda Market is expected to register 5.92% CAGR and reach approximately USD 63,415.1 Million by the end of 2027.

Caustic soda Market, also known as sodium hydroxide, has the chemical formula of NaOH. It is highly corrosive in both solid and liquid forms and can lead to skin irritations and burns if directly exposed. Caustic soda is the co-product of chlorine production. It is a major building block in many industrial processes. It is used in manufacturing textiles and pulp and paper and producing soaps and detergents, among others. The demand for caustic soda is driven by the increasing alumina production and growing demand for pulp in the paper industry. A hot solution of caustic soda is the key chemical required to separate alumina from bauxite in the aluminum industry. The increasing use of aluminum in the automotive industry supported by an increase in the sale of automobiles is the key factor expected to boost the growth of the global caustic soda market. Moreover, the growing demand for paper to manufacture tea bags, tissue paper, photocopying paper, heavy cardboard, and packaging is also expected to fuel the growth of the global caustic soda market, as it is used in the paper and pulp industry for pulp cooking.

Market Dynamics

The global caustic soda market is expected to register a remarkable CAGR of 5.92% during the forecast period, 2019–2027. The prime factor supporting the growth of the global caustic soda market is the growth of the alumina industry due to the increasing use of aluminum in the automotive industry as the manufacturers are increasingly using aluminum to reduce the overall weight of the vehicles to curb emissions. Likewise, the increasing demand in the pulp & paper industry is also expected to boost the global market growth. However, the energy-intensive operations and environmental impact of carbon emission are factors expected to hamper the growth of the global caustic soda market. Nevertheless, the use of membrane cell technology is expected to create growth opportunities for the players operating in the global caustic soda market.

Global Caustic Soda Market, by Type, 2018 (USD Million)



Sources: MRFR Analysis

Segmentation

The global caustic soda market has been segmented by type, application, and region.

By type, the lye segment accounted for the largest share of 67% by value in 2018. The segment is expected to register a CAGR of over 4.5% during the forecast period, owing to its widely used application as a chemical. Caustic soda is a solution of sodium hydroxide (NaOH) in water. It is a strong base with a wide range of applications in different industries. Additionally, caustic soda flake is a solid, white, hygroscopic, and odorless substance, which accounts to have the second-largest share in the caustic soda market during the forecast period.

Based on application, the alumina segment accounted for 18.4% of the market share in 2018. The segment is expected to retain its dominance over the forecast period with a share of 19.4% by the end of 2027, due to the growing demand for caustic soda in alumina refineries as a hot solution of caustic soda is primarily used for separation of alumina from bauxite to produce aluminum. The pulp & paper segment is expected to be the second-largest application segment; it accounted for 17.6% market share of the global market in 2018. The segment is expected to witness steady growth owing to the increasing demand for caustic soda for bleaching of pulp. Furthermore, the organic chemical segment is expected to be the third-largest application segment; it accounted for 14.8% market share in 2018. The segment is projected to register a CAGR of over 5% during the forecast period, as caustic soda constitutes an essential reactant in the production of many useful organic chemicals.

Global Caustic Soda Market Share, by Region, 2018 (%)



Sources: MRFR Analysis

Regional Analysis

The global caustic soda market has been segmented based on region into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Asia-Pacific accounted for the largest market share of 52.3% in 2018 due to rapid industrial growth and favorable regulatory policies in the emerging economies of the region. The regional market is expected to register a CAGR of over 5.5% during the forecast period. China held the largest market share by value in 2018 and is expected to exhibit a CAGR of around 4.6% during the forecast period.

North America was the second-largest regional market in 2018 owing to the increasing demand for caustic soda in the paper & pulp industry. The growing demand for caustic soda in paper and pulp processing as a bleaching agent is expected to fuel the growth of the regional market. The regional market is projected to register a CAGR of over 4% during the forecast period. The US accounted for a higher market share by country in 2018 and is expected to register the highest CAGR of around 4% during the forecast period. However, Canada is projected to exhibit a CAGR of over 3.5%, owing to increasing consumption of caustic soda in various end-use industries such as chemical, dyes & inks, textile, and water treatment.

Key Players

The prominent players in the global caustic soda market are Solvay (Belgium), Formosa Plastics Corporation (Taiwan), DowDuPont (US), Olin Corporation (US), Occidental Petroleum Corporation (US), Xinjiang Zhongtai Chemical Co. Ltd (US), Tata Chemicals Limited (India), Gujarat Alkalies and Chemicals Limited (India), AkzoNobel NV (Netherlands), and Westlake Chemical Corporation (US).

There is a high degree of competition in the market with new industry players entering each year. Most of the tier-1 industry participants operating in this market have acquired a substantial market share by offering a broad spectrum of products. Their primary focus is on the expansion of production capacities to reach the desired organizational growth. Some of the key players in the global caustic soda market are Solvay, Formosa Plastics Corporation, DowDuPont, Olin Corporation, Occidental Petroleum Corporation, Xinjiang Zhongtai Chemical Co. Ltd, Tata Chemicals Limited, Gujarat Alkalies and Chemicals Limited, AkzoNobel NV, and Westlake Chemical Corporation. These players are focusing on adopting growth strategies on a global level to increase their market share in the global caustic soda market.



In March 2019 , Lords Chloro Alkali is planning to expand its caustic soda manufacturing capacity at Alwar, Rajasthan. The project worth USD 51.35 million will expand products like chlorine from 80,190 TPA to 1,46,437 TPA, caustic soda from 90,729 TPA to 1,65,000 TPA, and hydrochloric acid from 66,000 TPA to 1,19,475 TPA and etc.





In February 2019 , Grasim Industries, an Aditya Birla group company has announced its plans to invest USD 144.26 million in expanding caustic soda and new chlorine value-added products which are expected to generate additional revenues of around USD 173.11 million per annum from it.





In February 2019 , Aditya Birla firm Grasim Industries has confirmed its plan to acquire chlor-alkali business of KPR Industries for USD 36.49 Million.





In December 2017 , AkzoNobel's specialty chemical business planned to expand its manufacturing of high purity vacuum salt at its Delfzil site, the Netherlands. With this expansion, the company aims to meet the increasing European demand for high purity vacuum salt.



Market Segmentation

Global Caustic Soda Market, by Type



Lye



Flake



Others



Global Caustic Soda Market, by Application



Alumina



Pulp & Paper



Organic Chemical



Textiles



Inorganic Chemical



Soap & Detergents



Water Treatment



Dye & Ink



Other



Global Caustic Soda Market, by Region



North America



US

Canada











Europe



Germany

UK

France

Spain

Italy

Russia

Belgium

Poland

Netherlands

Rest of Europe











Asia-Pacific



China

India

Japan

Thailand

Malaysia

South Korea

Indonesia

Australia & New Zealand

Rest of Asia Pacific











Latin America



Brazil

Mexico

Argentina

Rest of Latin America











Middle East & Africa



Turkey

Israel

Saudi Arabia

UAE

Egypt

Rest of the Middle East & Africa









Available Additional Customizations



Company Profiles of Other Key Players



Regulatory Framework of General Chemicals



Raw Material Pricing Analysis



Pricing Analysis



Intended Audience



Caustic soda manufacturers



Suppliers and traders



Government, associations, and industrial bodies



Investors and trade experts



Consulting in caustic soda experts



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