Caustic Soda Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Caustic Soda Market
The caustic soda market size was valued at USD 44,959.2 million in 2019, and the market is now projected to grow USD 55,557.7 million in 2027 exhibiting a CAGR of 3.1% during the forecast period of 2020-2027.
The COVID-19 pandemic has taken a toll on the global economy by causing restriction measures such as lock down, shut down of factories and trading practices across the world. Such policies notwithstanding, have been a success in saving lives but have had a knock-on effect of slowing down the world economy. Some critical industries and development segments have stopped operations because of government orders and limited commuting. On this note, the following areas have suffered the effect of the pandemic and changed economic reality across the globe. This in perhaps the most revealing of the many difficulties that industries have had to grapple with to adapt to these unprecedented disruptions.
In the alumina sector, caustic soda is used for the digestion of bauxite to produce alumina which is fundamental for the aluminum. International Aluminum Institute reported the world’s alumina output was 131,910 thousand metric tons in the year 2019. Aluminum is popular across sectors such as construction, transportation, and packaging because it is a light metal. Its use ensures energy sustainability; light aluminum in automobiles increases the fuel efficiency. This goes to support the importance of aluminum in promoting sustainability across all sectors for the modern world.
There is also employment of the caustic soda in the water treatment for the purpose increasing the power pH producers through the absorptiometers of the water and the carbon dioxide. Higher water demands and concerns on water availability, immense pressure on water resources, and limitations and control measures regarding water pollution are boosting the growth. Water scarcity means poor health, poor environment, and poor economy to those relying on companies that use a lot of water. This underlines the importance of the construction of efficient water treatment facilities and their realization is still a long and expensive process. Such challenges make an understanding of chemicals such as the caustic soda important due to its suitability in the tackling of water crises in the world.
Comprehensive Analysis of Caustic Soda Market
The caustic soda market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by application analysis. By application analysis includes organics, alumina, soaps, water treatment, food, inorganics, paper & pulp, and others.
The Asia Pacific region lead the caustic soda market share by benefitting a market size of USD 25,280.17 million in 2019 due to its growing chemical industry.
The top players in the markets have a central responsibility in the chemicals & advanced materials industry to be sure of industrial prospectus development and to establish the market norms. These players include, Olin Corporation, Tata Chemicals Limited, Aditya Birla Chemicals (India) Limited, Gujarat Alkalies and Chemical Limited, Occidental Petroleum Corporation (OXY), Formosa Plastics Corporation, PPG Industries, Xinjiang Zhongtai Chemical Co., Ltd., Hanwha Chemical, Brenntag North America, Inc., FMC Corporation, and Covestro AG these market players provide a level-playing competitive landscape.
In May 2021, Olin Corporation announced a 20% reduction in diaphragm-grade chlor-alkali production capacity at its Plaquemine facility.
Segmentation Table
ATTRIBUTES DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Million) and Volume (Kilo Tons)
Segmentation
By Application
Organics
Alumina
Soaps
Water Treatment
Food
Inorganics
Paper & Pulp
Others
By Geography
North America
By Application
By Country
U.S. (By Application)
Canada (By Application)
Europe
By Application
By Country
Germany (By Application)
UK (By Application)
France (By Application)
Italy (By Application)
Spain (By Application)
Russia (By Application)
Rest of Europe (By Application)
Asia Pacific
By Application
By Country
China (By Application)
Japan (By Application)
India (By Application)
ASEAN (By Application)
Rest of Asia Pacific (By Application)
Latin America
By Application
By Country
Brazil (By Application)
Mexico (By Application)
Rest of Latin America (By Application)
The Middle East & Africa
By Application
By Country
GCC (By Application)
South Africa (By Application)
Rest of Middle East & Africa (By Application)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Industry SWOT Analysis
- 4.3. Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Resins Launches, and Mergers & Acquisitions
- 5. Qualitative Insights – Impact of COVID-19 on Global Caustic Soda Market
- 5.1. Supply Chain Challenges
- 5.2. Steps taken by Government/Companies to overcome this impact
- 5.3. Potential opportunities due to COVID-19 outbreak
- 6. Global Caustic Soda Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Application (Volume/Value)
- 6.2.1.1. Organics
- 6.2.1.2. Alumina
- 6.2.1.3. Soaps
- 6.2.1.4. Water Treatment
- 6.2.1.5. Food
- 6.2.1.6. Inorganics
- 6.2.1.7. Pulp & Paper
- 6.2.1.8. Others
- 6.2.2. By Region (Volume/Value)
- 6.2.2.1. North America
- 6.2.2.2. Europe
- 6.2.2.3. Asia Pacific
- 6.2.2.4. Latin America
- 6.2.2.5. Middle East & Africa
- 7. North America Caustic Soda Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Application (Volume/Value)
- 7.2.1.1. Organics
- 7.2.1.2. Alumina
- 7.2.1.3. Soaps
- 7.2.1.4. Water Treatment
- 7.2.1.5. Food
- 7.2.1.6. Inorganics
- 7.2.1.7. Pulp & Paper
- 7.2.1.8. Others
- 7.2.2. By Country (Volume/Value)
- 7.2.2.1. U.S.
- 7.2.2.1.1. By Application (Volume/Value)
- 7.2.2.1.1.1. Organics
- 7.2.2.1.1.2. Alumina
- 7.2.2.1.1.3. Soaps
- 7.2.2.1.1.4. Water Treatment
- 7.2.2.1.1.5. Food
- 7.2.2.1.1.6. Inorganics
- 7.2.2.1.1.7. Pulp & Paper
- 7.2.2.1.1.8. Others
- 7.2.2.2. Canada
- 7.2.2.2.1. By Application (Volume/Value)
- 7.2.2.2.1.1. Organics
- 7.2.2.2.1.2. Alumina
- 7.2.2.2.1.3. Soaps
- 7.2.2.2.1.4. Water Treatment
- 7.2.2.2.1.5. Food
- 7.2.2.2.1.6. Inorganics
- 7.2.2.2.1.7. Pulp & Paper
- 7.2.2.2.1.8. Others
- 8. Europe Caustic Soda Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Application (Volume/Value)
- 8.2.1.1. Organics
- 8.2.1.2. Alumina
- 8.2.1.3. Soaps
- 8.2.1.4. Water Treatment
- 8.2.1.5. Food
- 8.2.1.6. Inorganics
- 8.2.1.7. Pulp & Paper
- 8.2.1.8. Others
- 8.2.2. By Country (Volume/Value)
- 8.2.2.1. Germany
- 8.2.2.1.1. By Application (Volume/Value)
- 8.2.2.1.1.1. Organics
- 8.2.2.1.1.2. Alumina
- 8.2.2.1.1.3. Soaps
- 8.2.2.1.1.4. Water Treatment
- 8.2.2.1.1.5. Food
- 8.2.2.1.1.6. Inorganics
- 8.2.2.1.1.7. Pulp & Paper
- 8.2.2.1.1.8. Others
- 8.2.2.2. UK
- 8.2.2.2.1. By Application (Volume/Value)
- 8.2.2.2.1.1. Organics
- 8.2.2.2.1.2. Alumina
- 8.2.2.2.1.3. Soaps
- 8.2.2.2.1.4. Water Treatment
- 8.2.2.2.1.5. Food
- 8.2.2.2.1.6. Inorganics
- 8.2.2.2.1.7. Pulp & Paper
- 8.2.2.2.1.8. Others
- 8.2.2.3. France
- 8.2.2.3.1. By Application (Volume/Value)
- 8.2.2.3.1.1. Organics
- 8.2.2.3.1.2. Alumina
- 8.2.2.3.1.3. Soaps
- 8.2.2.3.1.4. Water Treatment
- 8.2.2.3.1.5. Food
- 8.2.2.3.1.6. Inorganics
- 8.2.2.3.1.7. Pulp & Paper
- 8.2.2.3.1.8. Others
- 8.2.2.4. Italy
- 8.2.2.4.1. By Application (Volume/Value)
- 8.2.2.4.1.1. Organics
- 8.2.2.4.1.2. Alumina
- 8.2.2.4.1.3. Soaps
- 8.2.2.4.1.4. Water Treatment
- 8.2.2.4.1.5. Food
- 8.2.2.4.1.6. Inorganics
- 8.2.2.4.1.7. Pulp & Paper
- 8.2.2.4.1.8. Others
- 8.2.2.5. Spain
- 8.2.2.5.1. By Application (Volume/Value)
- 8.2.2.5.1.1. Organics
- 8.2.2.5.1.2. Alumina
- 8.2.2.5.1.3. Soaps
- 8.2.2.5.1.4. Water Treatment
- 8.2.2.5.1.5. Food
- 8.2.2.5.1.6. Inorganics
- 8.2.2.5.1.7. Pulp & Paper
- 8.2.2.5.1.8. Others
- 8.2.2.6. Russia
- 8.2.2.6.1. By Application (Volume/Value)
- 8.2.2.6.1.1. Organics
- 8.2.2.6.1.2. Alumina
- 8.2.2.6.1.3. Soaps
- 8.2.2.6.1.4. Water Treatment
- 8.2.2.6.1.5. Food
- 8.2.2.6.1.6. Inorganics
- 8.2.2.6.1.7. Pulp & Paper
- 8.2.2.6.1.8. Others
- 8.2.2.7. Rest of Europe
- 8.2.2.7.1. By Application (Volume/Value)
- 8.2.2.7.1.1. Organics
- 8.2.2.7.1.2. Alumina
- 8.2.2.7.1.3. Soaps
- 8.2.2.7.1.4. Water Treatment
- 8.2.2.7.1.5. Food
- 8.2.2.7.1.6. Inorganics
- 8.2.2.7.1.7. Pulp & Paper
- 8.2.2.7.1.8. Others
- 9. Asia-Pacific Caustic Soda Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Application (Volume/Value)
- 9.2.1.1. Organics
- 9.2.1.2. Alumina
- 9.2.1.3. Soaps
- 9.2.1.4. Water Treatment
- 9.2.1.5. Food
- 9.2.1.6. Inorganics
- 9.2.1.7. Pulp & Paper
- 9.2.1.8. Others
- 9.2.2. By Country (Volume/Value)
- 9.2.2.1. China
- 9.2.2.1.1. By Application (Volume/Value)
- 9.2.2.1.1.1. Organics
- 9.2.2.1.1.2. Alumina
- 9.2.2.1.1.3. Soaps
- 9.2.2.1.1.4. Water Treatment
- 9.2.2.1.1.5. Food
- 9.2.2.1.1.6. Inorganics
- 9.2.2.1.1.7. Pulp & Paper
- 9.2.2.1.1.8. Others
- 9.2.2.2. Japan
- 9.2.2.2.1. By Application (Volume/Value)
- 9.2.2.2.1.1. Organics
- 9.2.2.2.1.2. Alumina
- 9.2.2.2.1.3. Soaps
- 9.2.2.2.1.4. Water Treatment
- 9.2.2.2.1.5. Food
- 9.2.2.2.1.6. Inorganics
- 9.2.2.2.1.7. Pulp & Paper
- 9.2.2.2.1.8. Others
- 9.2.2.3. India
- 9.2.2.3.1. By Application (Volume/Value)
- 9.2.2.3.1.1. Organics
- 9.2.2.3.1.2. Alumina
- 9.2.2.3.1.3. Soaps
- 9.2.2.3.1.4. Water Treatment
- 9.2.2.3.1.5. Food
- 9.2.2.3.1.6. Inorganics
- 9.2.2.3.1.7. Pulp & Paper
- 9.2.2.3.1.8. Others
- 9.2.2.4. ASEAN
- 9.2.2.4.1. By Application (Volume/Value)
- 9.2.2.4.1.1. Organics
- 9.2.2.4.1.2. Alumina
- 9.2.2.4.1.3. Soaps
- 9.2.2.4.1.4. Water Treatment
- 9.2.2.4.1.5. Food
- 9.2.2.4.1.6. Inorganics
- 9.2.2.4.1.7. Pulp & Paper
- 9.2.2.4.1.8. Others
- 9.2.2.5. Rest of Asia Pacific
- 9.2.2.5.1. By Application (Volume/Value)
- 9.2.2.5.1.1. Organics
- 9.2.2.5.1.2. Alumina
- 9.2.2.5.1.3. Soaps
- 9.2.2.5.1.4. Water Treatment
- 9.2.2.5.1.5. Food
- 9.2.2.5.1.6. Inorganics
- 9.2.2.5.1.7. Pulp & Paper
- 9.2.2.5.1.8. Others
- 10. Latin America Caustic Soda Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Application (Volume/Value)
- 10.2.1.1. Organics
- 10.2.1.2. Alumina
- 10.2.1.3. Soaps
- 10.2.1.4. Water Treatment
- 10.2.1.5. Food
- 10.2.1.6. Inorganics
- 10.2.1.7. Pulp & Paper
- 10.2.1.8. Others
- 10.2.2. By Country (Volume/Value)
- 10.2.2.1. Brazil
- 10.2.2.1.1. By Application (Volume/Value)
- 10.2.2.1.1.1. Organics
- 10.2.2.1.1.2. Alumina
- 10.2.2.1.1.3. Soaps
- 10.2.2.1.1.4. Water Treatment
- 10.2.2.1.1.5. Food
- 10.2.2.1.1.6. Inorganics
- 10.2.2.1.1.7. Pulp & Paper
- 10.2.2.1.1.8. Others
- 10.2.2.2. Mexico
- 10.2.2.2.1. By Application (Volume/Value)
- 10.2.2.2.1.1. Organics
- 10.2.2.2.1.2. Alumina
- 10.2.2.2.1.3. Soaps
- 10.2.2.2.1.4. Water Treatment
- 10.2.2.2.1.5. Food
- 10.2.2.2.1.6. Inorganics
- 10.2.2.2.1.7. Pulp & Paper
- 10.2.2.2.1.8. Others
- 10.2.2.3. Rest of Latin America
- 10.2.2.3.1. By Application (Volume/Value)
- 10.2.2.3.1.1. Organics
- 10.2.2.3.1.2. Alumina
- 10.2.2.3.1.3. Soaps
- 10.2.2.3.1.4. Water Treatment
- 10.2.2.3.1.5. Food
- 10.2.2.3.1.6. Inorganics
- 10.2.2.3.1.7. Pulp & Paper
- 10.2.2.3.1.8. Others
- 11. Middle East & Africa Caustic Soda Market Analysis, Insights and Forecast, 2016-2027
- 11.1. Key Findings / Summary
- 11.2. Market Size Estimates and Forecast
- 11.2.1. By Application (Volume/Value)
- 11.2.1.1. Organics
- 11.2.1.2. Alumina
- 11.2.1.3. Soaps
- 11.2.1.4. Water Treatment
- 11.2.1.5. Food
- 11.2.1.6. Inorganics
- 11.2.1.7. Pulp & Paper
- 11.2.1.8. Others
- 11.2.2. By Country (Volume/Value)
- 11.2.2.1. GCC
- 11.2.2.1.1. By Application (Volume/Value)
- 11.2.2.1.1.1. Organics
- 11.2.2.1.1.2. Alumina
- 11.2.2.1.1.3. Soaps
- 11.2.2.1.1.4. Water Treatment
- 11.2.2.1.1.5. Food
- 11.2.2.1.1.6. Inorganics
- 11.2.2.1.1.7. Pulp & Paper
- 11.2.2.1.1.8. Others
- 11.2.2.2. South Africa
- 11.2.2.2.1. By Application (Volume/Value)
- 11.2.2.2.1.1. Organics
- 11.2.2.2.1.2. Alumina
- 11.2.2.2.1.3. Soaps
- 11.2.2.2.1.4. Water Treatment
- 11.2.2.2.1.5. Food
- 11.2.2.2.1.6. Inorganics
- 11.2.2.2.1.7. Pulp & Paper
- 11.2.2.2.1.8. Others
- 11.2.2.3. Rest of Middle East & Africa
- 11.2.2.3.1. By Application (Volume/Value)
- 11.2.2.3.1.1. Organics
- 11.2.2.3.1.2. Alumina
- 11.2.2.3.1.3. Soaps
- 11.2.2.3.1.4. Water Treatment
- 11.2.2.3.1.5. Food
- 11.2.2.3.1.6. Inorganics
- 11.2.2.3.1.7. Pulp & Paper
- 11.2.2.3.1.8. Others
- 12. Competitive Analysis
- 12.1. Business Strategies Adopted by Leading Players
- 12.2. Global Caustic Soda Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 13. Company Profiles
- 13.1. Olin Corporation (Clayton, Missouri, United States)
- 13.1.1. Overview
- 13.1.2. Description
- 13.1.3. Resins Portfolio
- 13.1.4. Financials (As per Availaibity)
- 13.1.5. Recent Developments
- 13.2. Tata Chemicals Limited (India)
- 13.2.1. Overview
- 13.2.2. Description
- 13.2.3. Resins Portfolio
- 13.2.4. Financials (As per Availaibity)
- 13.2.5. Recent Developments
- 13.3. Aditya Birla Chemicals (India) Limited (India)
- 13.3.1. Overview
- 13.3.2. Description
- 13.3.3. Resins Portfolio
- 13.3.4. Financials (As per Availaibity)
- 13.3.5. Recent Developments
- 13.4. Gujarat Alkalies and Chemical Limited (India)
- 13.4.1. Overview
- 13.4.2. Description
- 13.4.3. Resins Portfolio
- 13.4.4. Financials (As per Availaibity)
- 13.4.5. Recent Developments
- 13.5. Occidental Petroleum Corporation (OXY) (Houston, Texas, United States)
- 13.5.1. Overview
- 13.5.2. Description
- 13.5.3. Resins Portfolio
- 13.5.4. Financials (As per Availaibity)
- 13.5.5. Recent Developments
- 13.6. Formosa Plastics Corporation (Taiwan)
- 13.6.1. Overview
- 13.6.2. Description
- 13.6.3. Resins Portfolio
- 13.6.4. Financials (As per Availaibity)
- 13.6.5. Recent Developments
- 13.7. PPG Industries (Pittsburgh, Pennsylvania, United States)
- 13.7.1. Overview
- 13.7.2. Description
- 13.7.3. Resins Portfolio
- 13.7.4. Financials (As per Availaibity)
- 13.7.5. Recent Developments
- 13.8. Xinjiang Zhongtai Chemical Co., Ltd. (China)
- 13.8.1. Overview
- 13.8.2. Description
- 13.8.3. Resins Portfolio
- 13.8.4. Financials (As per Availaibity)
- 13.8.5. Recent Developments
- 13.9. Hanwha Chemical (South Korea)
- 13.9.1. Overview
- 13.9.2. Description
- 13.9.3. Resins Portfolio
- 13.9.4. Financials (As per Availaibity)
- 13.9.5. Recent Developments
- 13.10. Brenntag North America, Inc. (North America)
- 13.10.1. Overview
- 13.10.2. Description
- 13.10.3. Resins Portfolio
- 13.10.4. Financials (As per Availaibity)
- 13.10.5. Recent Developments
- 13.11. Other Key Players
- 13.11.1. Overview
- 13.11.2. Description
- 13.11.3. Resins Portfolio
- 13.11.4. Financials (As per Availaibity)
- 13.11.5. Recent Developments
- 14. Appendix
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