Caustic Soda Market 2024-2028
The caustic soda market is forecasted to grow by USD 10066.9 mn during 2023-2028, accelerating at a CAGR of 4.39% during the forecast period. The report on the caustic soda market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand from alumina industry, rising paper and pulp production, and increasing adoption of PVC products.
Technavio's caustic soda market is segmented as below:
By Application
- Organic chemical products
- Soaps/detergents/textiles
- Paper and pulp
- Aluminum
- Others
By Method
- Membrane cell process
- Diaphragm cell process
- Mercury cell process
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing production capacity for caustic soda as one of the prime reasons driving the caustic soda market growth during the next few years. Also, phasing-out of mercury cell process of caustic soda production and vertical integration by vendors in chlor-alkali industry will lead to sizable demand in the market.
The report on the caustic soda market covers the following areas:
- Caustic soda market sizing
- Caustic soda market forecast
- Caustic soda market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading caustic soda market vendors that include Aditya Birla Management Corp. Pvt. Ltd., Arkema Group, BASF SE, Braskem SA, Covestro AG, Dow Chemical Co., Formosa Plastics Corp., Genesis Energy LP, Gujarat Alkalies and Chemicals Ltd., INEOS AG, Kemira Oyj, Nouryon Chemicals Holding BV, Occidental Petroleum Corp., Olin Corp., Shin Etsu Chemical Co. Ltd., Solvay SA, Superior Plus Corp., Tata Sons Pvt. Ltd., Tosoh Corp., and Westlake Corp.. Also, the caustic soda market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.