Caustic Soda Market Analysis: Industry Market Size, Plant Capacity, Technology, Production, Operating Efficiency, Demand & Supply, Type, Grade, End-User Industries, Sales Channel, Regional Demand, Company Share, Manufacturing Process, Foreign Trade, 2015-2032

H1 2023: In H1 2023, Asia Pacific region ranked as the largest consumer of caustic soda. In March 2023,Gujarat Alkalies & Chemicals witnessed the expansion of its Caustic Soda Lye Plant at the Dahej Complex, increasing its capacity from 259 thousand tonnes per annum to 432.3 thousand tonnes per annum. As a crucial part of this expansion initiative, a newly installed Caustic Evaporation Unit (CEU) has been commissioned to support the production of Caustic Soda Lye. This Caustic Evaporation Unit, with a capacity of 231thousand tonnes per annum, stands as one of the largest units of its kind in India at a single location. The successful establishment and commissioning of this unit mark a significant milestone in the company's efforts to enhance its production capabilities and meet the growing demand for Caustic Soda Lye. In the first half of 2023, the Caustic Soda market in the Asia Pacific region faced fluctuations in prices. In April 2023, In the initial month of the second quarter, Caustic Soda prices exhibited an upward trajectory, driven by a robust economic recovery and heightened demand from downstream sectors such as textiles, alumina processing, and cleaning industries. Production, albeit maintained at moderate levels, faced a seasonal uptick in energy consumption. However, by the second week of April, a price increment occurred as chloralkali industries sought to curtail production costs amid rising energy prices. In May 2023, Caustic Soda prices experienced a decline, primarily attributed to disruptions in bauxite supply, resulting in an oversupplied market. This was compounded by diminished demand from downstream textile, alumina processing, and cleaning industries, influenced by Labor Day Holidays in China, reduced domestic market buying sentiments, and sluggish offshore trade. As June approached, the Caustic Soda industry encountered a moderate market, increased inventory levels in the Chinese market, consistent supplies, and stability in downstream demand from the alumina processing and soap & detergent sectors.

 

The global Caustic Soda market stood at approximately 81.5 million tonnes in 2022 and is anticipated to grow at a healthy CAGR of 3.11% during the forecast period until 2032. 

 

Caustic soda, also known as sodium hydroxide (NaOH), plays a crucial role in various industrial and commercial applications. As a robust and colorless alkali, it is a white ionic compound derived through the electrolysis of sodium chloride (salt brine). In this process, sodium chloride is electrolyzed, resulting in caustic soda as the primary product and chlorine as the secondary product. The production of chlor-alkali predominantly utilizes membrane cell technology, although diaphragm cell technology is also commercially employed. Based on type, market is divided into: Caustic Soda (Solid) and Caustic Soda (Lye). 

 

Caustic soda finds extensive use across diverse sectors, with alumina manufacturing being a leading application. Other applications include organic chemicals, food production, soap and detergent manufacturing, textiles, water treatment, and steel/metallurgy, specifically in the sintering process. Recognized for its high reactivity and strong oxidizing properties, commercial-scale production of caustic soda involves electrolysis of brine in the Chlor-alkali process. On the basis of Grade, Caustic Soda market is segmented into Industrial Grade and Pharmaceutical Grade. Among these, industrial grade is the prevalent grade. Organic and inorganic consumption, for example, represent the primary markets for caustic soda, where it functions as a potent acid neutralizer that readily dissolves in water. It finds applications as an intermediate, reactant, pH regulator, and in acidic waste treatment within the chemical industry. Furthermore, caustic soda is applied in diverse sectors such as water treatment, domestic cleaning, metal processing, glassmaking, mining, and more. In the Bayer's process, it plays a role in extracting alumina from bauxite ore. The concentrated solution of caustic soda dissolves alumina to form sodium aluminate, and a reverse reaction facilitates the separation of alumina. Caustic soda finds versatile applications across various end-use sectors, including water treatment, domestic cleaning, metal processing, glassmaking, among others.The global Caustic Soda market size is anticipated to reach nearly 110.5 million tonnes by 2032.

 

Based on region, Asia Pacific region is the biggest consumer of Caustic Soda. In 2022, this region consumed roughly 62% of the Caustic Soda market and is poised to assert dominance in the global Caustic Soda market throughout the forecast period. The increasing demand in downstream sectors like water treatment, pulp and paper, alumina, and metal pickling, coupled with a rising need for soap and detergents, stands out as pivotal for driving market growth in the Asia-Pacific (APAC) region. This surge in demand reflects a burgeoning market influenced by diverse industries that heavily rely on caustic soda for various applications. The APAC region, with its expanding industrial landscape, has become a focal point for caustic soda consumption, indicating a robust market driven by these dynamic factors. 

 

Based on the end-user industry, the global Caustic Soda market is divided into Water Treatment, Inorganic Chemical Production, Aluminium Industry, Paper & Pulp, Soaps & Detergents (Surfactants), Organic Chemical Production, Textile, Others. However, Inorganic Chemical Production and Aluminium Industry are the leading consumers of global Caustic Soda market. 

 

Major players in the Global Caustic Soda market are Olin Corporation., Formosa Plastics Corporation USA, Dow Chemical, Shintech, Westlake Chemical, Kem One,Covestro AG, Oxychem, Xinjiang Zhongtai Chemical Co., Ltd., INOVYN, Grasim Industries Limited, Tosoh Corporation, Dongying Jingling Chemical, and Others. 

 

Years considered for this report:

 

Historical Period: 2015- 2021

Base Year: 2022

Estimated Year: 2023

Forecast Period: 2024-2032

 

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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 in the globe.

• To analyse and forecast the market size of Caustic Soda   

• To classify and forecast Global Caustic Soda market based on end-use and regional distribution.

• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Caustic Soda market in the globe.

 

To extract data for Global Caustic Soda market, primary research surveys were conducted with Caustic Soda manufacturers, suppliers, distributors, wholesalers and Traders. 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 segments and projected a positive outlook for Global Caustic Soda market over the coming years. 

 

ChemAnalyst calculated Caustic Soda demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce 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, Global 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 2022	81.5 million tonnes
Market size Volume in 2032	110.5 million tonnes
Growth Rate	CAGR of 3.11% from 2023 to 2032
Base year for estimation	2022
Estimated Year	2023
Historic Data	2015 – 2021
Forecast period	2024 – 2032
Quantitative units	Demand in million tonnes and CAGR from 2023 to 2032
Report coverage	Industry Market Size, Capacity by Company, Capacity by Location, Capacity by Technology, Operating Efficiency, Production by Company, Demand by Grade, Demand by Type,  Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process, Foreign Trade.
Segments covered	By End-Use: (Water Treatment, Inorganic Chemical Production, Aluminium Industry, Paper & Pulp, Soaps & Detergents (Surfactants), Organic Chemical Production, Textile, Others) By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope	North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Available Customizations:

 

With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.

 

In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com.

Table of Content

 

1. Industry Market Size 

It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Caustic Soda market in terms of value and volume.

 

2. Capacity By Company 

On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Caustic Soda.

 

3. Capacity By Location 

To better understand the regional supply of Caustic Soda by analyzing its manufacturers' location-based capacity.

 

4. Capacity By Technology

To better assess the manufacturing capacities with different technologies as well as understand which technology is more in demand.  

 

5. Plant Operating Efficiency

To determine what percentage manufacturers are operating their plants or how much capacity is being currently used. 

  

6. Production By Company [Quarterly Update]

Study the historical annual production of Caustic Soda by the leading players and forecast how it will grow in the coming years.

 

7. Demand by Type 

Learn about the various types of Caustic Soda: Caustic Soda (Solid) and Caustic Soda (Lye), and their demands. It will allow you to choose which Type to concentrate on when designing your strategy.

 

8. Demand by Grade 

Learn about the various Grades of Caustic Soda: Industrial Grade and Pharmaceutical Grade, and their demands. It will allow you to choose which Grade to concentrate on when designing your strategy.

 

9. Demand by End- Use [Quarterly Update]

Discover which end-user industry (Water Treatment, Inorganic Chemical Production, Aluminium Industry, Paper & Pulp, Soaps & Detergents (Surfactants), Organic Chemical Production, Textile, Others) are creating a market and the forecast for the growth of the Caustic Soda market. 

 

10. Demand by Region

Analyzing the change in demand of Caustic Soda in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand. 

 

11. Demand by Sales Channel (Direct and Indirect)

Multiple channels are used to sell Caustic Soda. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.

 

12. Demand-Supply Gap

Determine the supply-demand gap to gain information about the trade surplus or deficiency of Caustic Soda.

 

13. Company Share

Figure out what proportion of the market share of Caustic Soda is currently held by leading players across the globe. 

 

14. Manufacturing Process

Discover insights into the intricate manufacturing process of Caustic Soda.

15. Country-wise Export

Get details about quantity of Caustic Soda exported by major countries. 

 

16. Country-wise Import

Get details about quantity of Caustic Soda imported by major countries.