The global Caustic Soda market reached a value of about 79.95 MMT in 2021. The industry is projected to grow at a CAGR of around 3% in the forecast period of 2022-2027 to reach a value of about 95.46 MMT by 2027.
The global Caustic Soda industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The caustic soda market is being driven by the broad application of the product in a range of processes, including the production of soap and detergents, pulp and paper, petroleum products, alumina, and chemical goods. In the industry report, the key demand indicator is the highest category spender by region—Asia Pacific.
The inorganic chemical sodium hydroxide, popularly known as lye or caustic soda, is an acidic base and alkali that decomposes proteins at room temperature and can result in severe chemical burns. It is very water-soluble and quickly absorbs moisture and carbon dioxide from the atmosphere. It is a waxy, white substance in its purest form. The Caustic Soda industry report comprises segments by application (Organics, S&D&T, Alumina, Pulp and Paper, Inorganics, Water Treatment) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
The Asia Pacific region accounts for the largest share in the industry. China is the largest producer and consumer of the product as it is the largest pulp and paper producing country globally. In addition, India is a significant producer of caustic soda, driving the market growth. This is due to rising interest rates, increased consumer spending, the booming building and chemical industries, and government subsidies in the region.
The market is being primarily driven by the product's use as a critical ingredient in the production of soaps, cleansers, and detergents. Due to the product's properties, like its capacity to dissolve oils, grease, fats, and protein-based deposits, sodium hydroxide is commonly utilised in saponification, turning vegetable oils into soap. It's also used to make anionic surfactants, a key ingredient in most detergents and cleaning products. Detergents are divided into three categories based on ionic properties: anionic, cationic, and non-ionic. Household cleaning and gasoline additives are two of the most common uses for detergents.
However, the strict regulatory policies for handling the product due to its corrosive nature might hamper the market growth.
The global Caustic Soda industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Caustic Soda regions, such as engagement models, contract terms, and buyer and supplier negotiation levers.
The electrolytic chloralkali method creates sodium hydroxide in a 50 percent solution for industrial use. In this procedure, chlorine gas is also produced. The evaporation of water yields solid sodium hydroxide from this solution. The most frequent forms of solid sodium hydroxide are flakes, prills, and cast blocks. The sodium hydroxide was made by combining sodium carbonate and calcium hydroxide in a metathesis reaction that takes advantage of the fact that sodium hydroxide is soluble while calcium carbonate is not. This was referred to as causticising. This technique was overtaken later by the Solvay process, superseded by the chloralkali process, which is still in use today. Pure sodium metal is also combined with water to make sodium hydroxide. Hydrogen gas and heat are produced as byproducts, frequently resulting in a flame. This reaction is often employed in academic settings to demonstrate the reactivity of alkali metals; however, it is not practically feasible because sodium metal is usually isolated by the reduction or electrolysis of sodium compounds such as sodium hydroxide.
Due to its solid alkaline properties, the industry is being propelled by the increasing application of the inorganic compound in various end-user segments. Caustic soda is used in multiple processes, including the production of soap and detergents, pulp and paper, petroleum products, alumina, and chemical goods. The fact that caustic soda has such a broad application base is the key driver of the global caustic soda market. Water treatment, textiles, food, glass production, metal processing, mining, and other uses are among the others. The chemical sector is the largest consumer of caustic soda globally. Due to its sodium-based chemistry, it is added to final end-use products to deliver sodium. As a result, it is used to manufacture silicates, silicas etc., boosting the industry's expansion.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Companies are substantially investing in the growth of market production capacity and the adoption of new technologies. The cost of the manufacturing process is greatly determined by energy use. While caustic soda companies increase production capacity to meet rising demand, the global caustic soda market is growing. These companies are using product launches, partnerships, mergers, and acquisitions to stay competitive in the market.
1. Executive Summary
2. Global Caustic Soda Market Snapshot
2.1. Caustic Soda Market Outlook
2.2. Caustic Soda Industry Analysis by Application
2.2.4. Pulp and Paper
2.2.6. Water Treatment
2.3. Regional Overview
2.3.1. North America
2.3.3. Asia Pacific
2.3.4. Latin America
3. Impact of Recent Events
4. Caustic Soda Value Chain Analysis
5. Caustic Soda Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Caustic Soda Cost Structure
9. Caustic Soda Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Caustic Soda Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Feedstock Market Analysis
13.1. Market Overview
13.2. Price Analysis
14. Industry Best Practices
14.1. Sourcing Strategy
14.2. Procurement Model
14.3. Contract Structure
14.4. Negotiation Levers
14.5. Pricing Model
14.6. Key Factors Influencing the Quotation
15. Key Supplier Analysis
15.1. Occidental Chemical Corporation
15.2. Olin Corporation
15.3. Formosa Plastics Corporation
15.4. The Dow Chemical Company
15.5. BASF SE
The global Caustic Soda market size was 79.95 MMT in 2021.
As per the production process provided, the membrane cell segment is anticipated to lead the market between the period 2022 – 2027.
The significant demand for the chemical in the manufacturing of cleaning, paper, and pulp products is one of the essential drivers of the Caustic Soda market growth.
Arkema Group Co., Covestro AG (Formerly Bayer MaterialScience AG), The Dow Chemical Company, FMC Corporation, and Kemira Oyj are some of the leading players in the market.
The Asia Pacific region of the Caustic Soda industry holds a significant share in the market.
The global Caustic Soda market attained a value of 79.95 MMT in 2021, driven by the rising demand for the compound in manufacturing a wide range of end-use products like paper, soaps, detergents, etc. Furthermore, other uses of the chemical in water treatment, textiles, food, glass production, metal processing, mining, and other use in the market are expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 3%. The market is projected to reach 95.46 MMT by 2027.
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