Global Caustic Soda Market Size, Share & Trends Analysis Report By Application (Organic Chemical, Inorganic Chemical, Alumina, Pulp & Paper, Soap & Detergent, Water Treatment, and Others), By Production Process, By Regional Outlook and Forecast, 2023 - 2030
The Global Caustic Soda Market size is expected to reach $63.8 billion by 2030, rising at a market growth of 5.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 83,252.5 Kilo Tonnes experiencing a growth of 4.7% (2019-2022).
Increasing demand in the chemical, pulp and paper, biofuels, recycled paper, and water treatment industries drives the growing usage of this soda in Europe. Consequently, the European region would acquire nearly 20% of the total market share by 2030. Also, Germany would consume 4,271.73 Kilo Tonnes of this Soda by 2030. Additionally, as the chemical industry in Europe continues to grow, driven by factors such as innovation and increased investment, the demand for this soda is expected to increase. As Europe continues to prioritize sustainability and innovation, the demand for this soda will remain strong in the region.
With urbanization on the rise, cities worldwide are investing in upgrading and expanding their water treatment infrastructure. Furthermore, industrial water reuse projects are becoming more prevalent as industries seek to minimize water consumption and reduce their environmental footprint. Thus, the growing use of this chemical in water treatment will support the market's growth throughout the forecast period. Additionally, as emerging economies invest in building and upgrading their infrastructure, there is a corresponding increase in the demand for various chemicals, including this chemical. Moreover, government initiatives are crucial in driving infrastructure development in emerging economies. Therefore, developing infrastructure in emerging economies will propel the expansion of the market.
However, salt, a primary raw material for the chemical’s production, is a key cost component. Salt price variations can arise from weather conditions affecting salt production, transportation costs, and geopolitical events impacting salt supply chains. The impact of fluctuating raw material prices extends beyond production costs. It can also affect pricing strategies, profitability, and investment decisions within the industry. Thus, these aspects could hinder market growth, especially in regions or industries sensitive to cost fluctuations.
By Application Analysis
On the basis of application, the market is classified into organic chemical, inorganic chemical, alumina, pulp & paper, soap & detergent, water treatment, and others. The pulp & paper segment recorded 12.5% revenue share in the market in 2022. In terms of volume, the pulp & paper segment registered a volume of 9,986.1 Kilo Tonnes. This chemical is used in the kraft pulping process to break down lignin, a natural polymer found in wood. By dissolving lignin, this chemical helps to separate the cellulose fibers, which are then used to make paper.
By Production Process Analysis
Based on production process, the market is characterized into membrane cell, diaphragm cell, and others. The diaphragm cell segment procured a 32% revenue share in the market in 2022. The diaphragm cell process is known for its high production capacity, which allows manufacturers to meet the growing demand for this chemical from industries. Additionally, the diaphragm cell process is more energy-efficient than the mercury-based electrolysis method, leading to lower production costs.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment garnered a 52% share in the market in 2022. Countries like China, India, and Southeast Asian nations are witnessing a surge in manufacturing activities across various industries, including chemicals, textiles, and pulp and paper. This chemical is a crucial raw material in these industries, driving the demand for this chemical in the region. Additionally, the growing population in the region is driving demand for basic necessities, further fueling the demand for this chemical.
List of Key Companies Profiled
- Shin-Etsu Chemical Co., Ltd.
- Gujarat Alkalies and Chemicals Limited
- INEOS Group Holdings S.A.
- BASF SE
- The Dow Chemical Company
- Tata Chemicals Ltd.
- Solvay SA
- Covestro AG
- LG Chem Ltd. (LG Corporation)
- Formosa Plastics Group
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Organic Chemical
- Inorganic Chemical
- Alumina
- Pulp & Paper
- Soap & Detergent
- Water Treatment
- Others
- Membrane Cell
- Diaphragm Cell
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Caustic Soda Market, by Application
- 1.4.2 Global Caustic Soda Market, by Production Process
- 1.4.3 Global Caustic Soda Market, by Geography
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Global Caustic Soda Market by Application
- 4.1 Global Organic Chemical Market by Region
- 4.2 Global Inorganic Chemical Market by Region
- 4.3 Global Alumina Market by Region
- 4.4 Global Pulp & Paper Market by Region
- 4.5 Global Soap & Detergent Market by Region
- 4.6 Global Water Treatment Market by Region
- 4.7 Global Others Market by Region
- Chapter 5. Global Caustic Soda Market by Production Process
- 5.1 Global Membrane Cell Market by Region
- 5.2 Global Diaphragm Cell Market by Region
- 5.3 Global Others Market by Region
- Chapter 6. Global Caustic Soda Market by Region
- 6.1 North America Caustic Soda Market
- 6.1.1 North America Caustic Soda Market by Application
- 6.1.1.1 North America Organic Chemical Market by Country
- 6.1.1.2 North America Inorganic Chemical Market by Country
- 6.1.1.3 North America Alumina Market by Country
- 6.1.1.4 North America Pulp & Paper Market by Country
- 6.1.1.5 North America Soap & Detergent Market by Country
- 6.1.1.6 North America Water Treatment Market by Country
- 6.1.1.7 North America Others Market by Country
- 6.1.2 North America Caustic Soda Market by Production Process
- 6.1.2.1 North America Membrane Cell Market by Country
- 6.1.2.2 North America Diaphragm Cell Market by Country
- 6.1.2.3 North America Others Market by Country
- 6.1.3 North America Caustic Soda Market by Country
- 6.1.3.1 US Caustic Soda Market
- 6.1.3.1.1 US Caustic Soda Market by Application
- 6.1.3.1.2 US Caustic Soda Market by Production Process
- 6.1.3.2 Canada Caustic Soda Market
- 6.1.3.2.1 Canada Caustic Soda Market by Application
- 6.1.3.2.2 Canada Caustic Soda Market by Production Process
- 6.1.3.3 Mexico Caustic Soda Market
- 6.1.3.3.1 Mexico Caustic Soda Market by Application
- 6.1.3.3.2 Mexico Caustic Soda Market by Production Process
- 6.1.3.4 Rest of North America Caustic Soda Market
- 6.1.3.4.1 Rest of North America Caustic Soda Market by Application
- 6.1.3.4.2 Rest of North America Caustic Soda Market by Production Process
- 6.2 Europe Caustic Soda Market
- 6.2.1 Europe Caustic Soda Market by Application
- 6.2.1.1 Europe Organic Chemical Market by Country
- 6.2.1.2 Europe Inorganic Chemical Market by Country
- 6.2.1.3 Europe Alumina Market by Country
- 6.2.1.4 Europe Pulp & Paper Market by Country
- 6.2.1.5 Europe Soap & Detergent Market by Country
- 6.2.1.6 Europe Water Treatment Market by Country
- 6.2.1.7 Europe Others Market by Country
- 6.2.2 Europe Caustic Soda Market by Production Process
- 6.2.2.1 Europe Membrane Cell Market by Country
- 6.2.2.2 Europe Diaphragm Cell Market by Country
- 6.2.2.3 Europe Others Market by Country
- 6.2.3 Europe Caustic Soda Market by Country
- 6.2.3.1 Germany Caustic Soda Market
- 6.2.3.1.1 Germany Caustic Soda Market by Application
- 6.2.3.1.2 Germany Caustic Soda Market by Production Process
- 6.2.3.2 UK Caustic Soda Market
- 6.2.3.2.1 UK Caustic Soda Market by Application
- 6.2.3.2.2 UK Caustic Soda Market by Production Process
- 6.2.3.3 France Caustic Soda Market
- 6.2.3.3.1 France Caustic Soda Market by Application
- 6.2.3.3.2 France Caustic Soda Market by Production Process
- 6.2.3.4 Russia Caustic Soda Market
- 6.2.3.4.1 Russia Caustic Soda Market by Application
- 6.2.3.4.2 Russia Caustic Soda Market by Production Process
- 6.2.3.5 Spain Caustic Soda Market
- 6.2.3.5.1 Spain Caustic Soda Market by Application
- 6.2.3.5.2 Spain Caustic Soda Market by Production Process
- 6.2.3.6 Italy Caustic Soda Market
- 6.2.3.6.1 Italy Caustic Soda Market by Application
- 6.2.3.6.2 Italy Caustic Soda Market by Production Process
- 6.2.3.7 Rest of Europe Caustic Soda Market
- 6.2.3.7.1 Rest of Europe Caustic Soda Market by Application
- 6.2.3.7.2 Rest of Europe Caustic Soda Market by Production Process
- 6.3 Asia Pacific Caustic Soda Market
- 6.3.1 Asia Pacific Caustic Soda Market by Application
- 6.3.1.1 Asia Pacific Organic Chemical Market by Country
- 6.3.1.2 Asia Pacific Inorganic Chemical Market by Country
- 6.3.1.3 Asia Pacific Alumina Market by Country
- 6.3.1.4 Asia Pacific Pulp & Paper Market by Country
- 6.3.1.5 Asia Pacific Soap & Detergent Market by Country
- 6.3.1.6 Asia Pacific Water Treatment Market by Country
- 6.3.1.7 Asia Pacific Others Market by Country
- 6.3.2 Asia Pacific Caustic Soda Market by Production Process
- 6.3.2.1 Asia Pacific Membrane Cell Market by Country
- 6.3.2.2 Asia Pacific Diaphragm Cell Market by Country
- 6.3.2.3 Asia Pacific Others Market by Country
- 6.3.3 Asia Pacific Caustic Soda Market by Country
- 6.3.3.1 China Caustic Soda Market
- 6.3.3.1.1 China Caustic Soda Market by Application
- 6.3.3.1.2 China Caustic Soda Market by Production Process
- 6.3.3.2 Japan Caustic Soda Market
- 6.3.3.2.1 Japan Caustic Soda Market by Application
- 6.3.3.2.2 Japan Caustic Soda Market by Production Process
- 6.3.3.3 India Caustic Soda Market
- 6.3.3.3.1 India Caustic Soda Market by Application
- 6.3.3.3.2 India Caustic Soda Market by Production Process
- 6.3.3.4 South Korea Caustic Soda Market
- 6.3.3.4.1 South Korea Caustic Soda Market by Application
- 6.3.3.4.2 South Korea Caustic Soda Market by Production Process
- 6.3.3.5 Singapore Caustic Soda Market
- 6.3.3.5.1 Singapore Caustic Soda Market by Application
- 6.3.3.5.2 Singapore Caustic Soda Market by Production Process
- 6.3.3.6 Malaysia Caustic Soda Market
- 6.3.3.6.1 Malaysia Caustic Soda Market by Application
- 6.3.3.6.2 Malaysia Caustic Soda Market by Production Process
- 6.3.3.7 Rest of Asia Pacific Caustic Soda Market
- 6.3.3.7.1 Rest of Asia Pacific Caustic Soda Market by Application
- 6.3.3.7.2 Rest of Asia Pacific Caustic Soda Market by Production Process
- 6.4 LAMEA Caustic Soda Market
- 6.4.1 LAMEA Caustic Soda Market by Application
- 6.4.1.1 LAMEA Organic Chemical Market by Country
- 6.4.1.2 LAMEA Inorganic Chemical Market by Country
- 6.4.1.3 LAMEA Alumina Market by Country
- 6.4.1.4 LAMEA Pulp & Paper Market by Country
- 6.4.1.5 LAMEA Soap & Detergent Market by Country
- 6.4.1.6 LAMEA Water Treatment Market by Country
- 6.4.1.7 LAMEA Others Market by Country
- 6.4.2 LAMEA Caustic Soda Market by Production Process
- 6.4.2.1 LAMEA Membrane Cell Market by Country
- 6.4.2.2 LAMEA Diaphragm Cell Market by Country
- 6.4.2.3 LAMEA Others Market by Country
- 6.4.3 LAMEA Caustic Soda Market by Country
- 6.4.3.1 Brazil Caustic Soda Market
- 6.4.3.1.1 Brazil Caustic Soda Market by Application
- 6.4.3.1.2 Brazil Caustic Soda Market by Production Process
- 6.4.3.2 Argentina Caustic Soda Market
- 6.4.3.2.1 Argentina Caustic Soda Market by Application
- 6.4.3.2.2 Argentina Caustic Soda Market by Production Process
- 6.4.3.3 UAE Caustic Soda Market
- 6.4.3.3.1 UAE Caustic Soda Market by Application
- 6.4.3.3.2 UAE Caustic Soda Market by Production Process
- 6.4.3.4 Saudi Arabia Caustic Soda Market
- 6.4.3.4.1 Saudi Arabia Caustic Soda Market by Application
- 6.4.3.4.2 Saudi Arabia Caustic Soda Market by Production Process
- 6.4.3.5 South Africa Caustic Soda Market
- 6.4.3.5.1 South Africa Caustic Soda Market by Application
- 6.4.3.5.2 South Africa Caustic Soda Market by Production Process
- 6.4.3.6 Nigeria Caustic Soda Market
- 6.4.3.6.1 Nigeria Caustic Soda Market by Application
- 6.4.3.6.2 Nigeria Caustic Soda Market by Production Process
- 6.4.3.7 Rest of LAMEA Caustic Soda Market
- 6.4.3.7.1 Rest of LAMEA Caustic Soda Market by Application
- 6.4.3.7.2 Rest of LAMEA Caustic Soda Market by Production Process
- Chapter 7. Company Profiles
- 7.1 Shin-Etsu Chemical Co., Ltd.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 SWOT Analysis
- 7.2 Gujarat Alkalies and Chemicals Limited
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Research & Development Expenses
- 7.2.4 Recent strategies and developments:
- 7.2.4.1 Partnerships, Collaborations, and Agreements:
- 7.3 INEOS Group Holdings S.A.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 SWOT Analysis
- 7.4 BASF SE
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expense
- 7.4.5 SWOT Analysis
- 7.5 The Dow Chemical Company
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expenses
- 7.5.5 Recent strategies and developments:
- 7.5.5.1 Product Launches and Product Expansions:
- 7.5.6 SWOT Analysis
- 7.6 Tata Chemicals Ltd. (Tata Group)
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 SWOT Analysis
- 7.7 Solvay SA
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Research & Development Expenses
- 7.7.5 SWOT Analysis
- 7.8 Covestro AG
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 Research & Development Expenses
- 7.8.5 SWOT Analysis
- 7.9 LG Chem Ltd. (LG Corporation)
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 SWOT Analysis
- 7.10. Formosa Plastics Group
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 SWOT Analysis
- Chapter 8. Winning Imperatives for Caustic Soda Market
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