The global caustic soda market reached a volume of 78.54 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 88.46 Million Tons by 2027, exhibiting a CAGR of 1.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Caustic soda, also known as sodium hydroxide (NaOH), refers to an inorganic compound which comprises sodium cations Na+ and hydroxide anions OH?. It is industrially prepared through the electrolytic chlor-alkali process in which the electrolysis of aqueous sodium chloride solution produces chlorine gas and sodium hydroxide. It is an odorless and non-flammable white solid which is commercially available in the form of flakes, pellets, granules and aqueous solutions of different concentrations. Owing to its highly-corrosive nature, it can generate substantial heat and ignite combustible materials when dissolved in water. Caustic soda is utilized as a raw material in a number of industries including chemical, automotive, water treatment, and food and beverage. On account of its easy availability and affordability over its substitutes, it is regarded as one of the preferred chemical compounds employed to control acidity and remove heavy metals from water. Caustic soda is also used in the production of paper wherein it helps in dissolving unwanted compounds present in the wood pulp. Similarly, it aids in separating the ink from paper fibers during the process of paper recycling. Apart from this, it is used in the extraction of alumina, one of the most common oxides of aluminum, from naturally occurring minerals. As aluminum finds vast applications in the production of lightweight vehicles, the growing demand for the metal is spurring the growth of global caustic soda market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global caustic soda market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, manufacturing process, grade, and application.
Breakup by Product Type: Lye
Breakup by Manufacturing Process:
Breakup by Grade:
Breakup by Application:
Food, Pulp and Paper
Soap and Detergents
Breakup by Region: Asia Pacific
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being Dow Chemical Company, Olin Corporation, Tata Chemicals Limited, Solvay SA, FMC Corporation, Occidental Petroleum Corporation (OXY), Formosa Plastics Corporation, Ineos Group Limited, PPG Industries, Xinjiang Zhongtai Chemical Co. Ltd., Tosoh Corporation, Hanwha Chemical Corporation, Nirma Limited, Akzo Nobel, BASF, Covestro, etc. Key Questions Answered in this Report
1. What is the market volume for the global caustic soda market?
2. What is the global caustic soda market growth?
3. What are the global caustic soda market drivers?
4. What are the key industry trends in the global caustic soda market?
5. What is the impact of COVID-19 on the global caustic soda market?
6. What is the global caustic soda market breakup by product type?
7. What is the global caustic soda market breakup by manufacturing process?
8. What is the global caustic soda market breakup by application?
9. What are the major regions in the global caustic soda market?
10. Who are the key companies/players in the global caustic soda market?