Caustic Soda Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Grade, Distribution Channel, Regional Demand, 2015-2035

Format: Online | Last Updated: Sep 2022

[Online Quarterly Update] The Caustic Soda Market witnessed a significant growth as its demand stood at 68.76 million tonnes in 2021 and is expected to grow at a CAGR of 4.95% during the forecast period to reach 141.78 million tonnes by 2035. Rapidly increasing demand for Caustic Soda from the major end-use industries, including Pulp & Paper, Chemical uses, Soap & Detergents, Alumina, Textile, and Others, is expected to boost the Caustic Soda market during the forecast period until 2035.
 
Caustic soda is an essential ingredient in many industrial and commercial applications. It is a white ionic compound also known as sodium hydroxide (NaOH). It is a robust and colourless alkali. Caustic soda is manufactured through sodium chloride (salt brine) electrolysis. When sodium chloride (NaCl) is electrolyzed, Caustic Soda is created as the major product, and Chlorine is produced as the secondary product. Chlor-alkali is mostly produced using membrane cell technology, while diaphragm cell technology is also used commercially. Caustic soda has a wide range of applications, with alumina manufacturing being the largest consumer, accounting for around 20% of the market. Organic chemicals, food, soaps and detergents, textiles, water treatment, and steel/metallurgy - sintering are some of the other applications. The demand for caustic soda is majorly dominated by APAC, followed by Europe. It is a highly reactive chemical element and a strong oxidizing agent. Commercially, Caustic Soda is produced on a large scale from brine by electrolysis, predominantly in the Chlor-alkali process. 
 
Industrial Grade, Pharmaceutical Grade, Lab Reagent Grade are the three main grades of caustic soda sold in the market at the global scale. Industrial grade is the highly concentrated form of caustic soda mostly utilize for the laboratory purposes accounts for 77% of the total market as of 2021.
 
Based on end-use, caustic soda market is segmented as: textile, alumina, pulp & paper, soap & detergent, and others. The product serves wide range of industrial & commercial utilization. Organic and Inorganic consumption for instance, are the leading markets of caustic soda as it is utilized as the strong acid neutralizer and can be easily dissolve in the water. Also, it is used as an intermediate, reactant, pH regulator, in acidic waste treatment, etc. in chemical. Additionally, Pulp & Paper is the second largest market of caustic soda on the global scale accounting 14% of the total market. This segment of caustic soda is the highest growing market registering annual CAGR growth of 3.79%. Moreover, other applications of Caustic Soda are, water treatment, domestic cleaning, metal processing, glass making, mining etc. In Bayer's process, caustic soda is also used to extract alumina from bauxite ore. A concentrated solution of caustic soda dissolves alumina to form sodium aluminate, from which a reverse reaction separates alumina. Other application of Caustic Soda serves a wide range of end-use sectors comprising of water treatment, domestic cleaning, metal processing, glass making etc.  
 
In 2020, due to the unprecedented fall of COVID-19, the Caustic Soda market witnessed a negative impact around the globe. Several businesses, end-user industries, and other facilities were drastically affected around the globe due to the countrywide lockdowns imposed by the government authorities. The building and construction, textile, pulp and paper, and other downstream industries showcased a downtrend due to the low availability of raw materials. The market's growth in the post-pandemic period was observed to have an increasing growth due to the increased demand from the downstream industries.
 
Caustic Soda demand by region is segmented into APAC, North America, Europe, MEA, and South America. APAC holds largest market share of approximately 26% of global Caustic Soda demand. In 2021, total demand of Caustic Soda in APAC Region stood at around 17 million tonnes which is expected to reach nearly 30 million tonnes in 2030 registering a CAGR growth of 5.26 %. Growing demand in the downstream industries such as and water treatment industries pulp/paper and alumina, metal pickling as well as rising demand of the soap and detergents are key factors for the market growth in the APAC region.
 
Some of the major players operating in the Caustic Soda market include Olin Corporation., Formosa Plastics Corporation USA, Dow Chemical, westlake Chemical, Covestro AG, Oxychem, Xinjiang Zhongtai Chemical Co., Ltd., INOVYN, Shintech, Grasim Industries Limited, Tosoh Corporation, Kem One, Dongying Jingling chemical.
 
Years considered for this report:

Historical Period: 2015-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2035
 
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Objective of the Study: 
 
• To assess the demand-supply scenario of Caustic Soda which covers production, demand and supply of Caustic Soda market globally.
• To analyse and forecast the market size of Caustic Soda.
• To classify and forecast Caustic Soda market based on technology, end-use, grade and regional distribution.
• To identify drivers and challenges for Caustic Soda market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Caustic Soda market.
• To identify and analyse the profile of leading players involved in the manufacturing of Caustic Soda.
 
 
To extract data for Caustic Soda market, primary research surveys were conducted with Caustic Soda manufacturers, suppliers, distributors, wholesalers, and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Caustic Soda market over the coming years. 
 
ChemAnalyst calculated Caustic Soda demand globally by analyzing the historical data and demand forecast, which was carried out considering imported Caustic Soda, styrene prices, monomers used for production of Caustic Soda. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience:

• Caustic Soda manufacturers and other stakeholders
• Organizations, forums, and alliances related to Caustic Soda distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Caustic Soda manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
 
Report Scope:

In this report, Caustic Soda market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Attribute
Details
Market size volume in 2021
68.76 million Tonnes
Market size volume by 2035
141.78 million tonnes
Growth Rate
CAGR of 4.95% from 2022 to 2035
Base year for estimation
2021
Historic Data
2015 – 2020
Forecast period
2022 – 2035
Quantitative units
Demand in Million Tonnes and CAGR from 2022 to 2035
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
 
Segments covered
Grade: (Industrial Grade, Pharmaceutical Grade, Lab Reagent Grade)
End-Use: (Textile, Alumina, Chemical Use, Pulp & Paper, Soap & Detergent, and Others)
Sales Channel: (Direct Company Sale, Direct Import, Distributors & Traders)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; China; India; Japan; South Korea; Taiwan; Singapore; Thailand; Germany; Belgium; France; Norway; United Kingdom; Spain; Italy; Sweden; Saudi Arabia; Iran; South Africa; Brazil; Argentina.
Key companies profiled
Olin Corporation., Formosa Plastics Corporation USA, Dow Chemical, westlake Chemical, Covestro AG, Oxychem, Xinjiang Zhongtai Chemical Co., Ltd., INOVYN, Shintech, Grasim Industries Limited, Tosoh Corporation, Kem One, Dongying Jingling chemical.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Frequently Asked Questions (FAQ):

What are the various end-use applications of Caustic Soda?

Caustic Soda is widely used in an array of applications including, Soap & detergent, chemical processing, pharmaceutical, pulp and paper, water treatment, and others.

Which region demands the maximum share in the Caustic Soda market as of 2021?

The Asia Pacific region accounts for the maximum share in the Caustic Soda market owing to the developments and investments in the major end-user industries. 

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