The global caustic soda market was valued at $36.0 billion in 2018 and is projected to reach $55.8 billion by 2026, growing at a CAGR of 5.50% from 2019 to 2026. Caustic soda, also known as sodium hydroxide and lye, is an inorganic compound composed of sodium cations Na+ and hydroxide anions OH−. It is highly caustic base that decomposes proteins at normal room temperature and can cause chemical burns. Caustic soda is soluble in water and absorbs carbon dioxide and moisture from air. It is used in several applications. In addition, it is used in the manufacturing process of alumina, soap & detergents, pulp & paper, petroleum products, and chemical production.
The global caustic soda market is expected to grow significantly. Its increasing use in applications such as alumina, pulp & paper, soap & detergent, water treatment, and others drive the growth of the market. Further, with growing chemical industry, it is expected that the demand for caustic soda will also increase as caustic soda is used in manufacturing of organic and inorganic chemicals. However, high corrosive and reactive nature of caustic soda is expected to restrain the growth of the market. The global caustic soda market is yet to explore its full potential. Therefore, increase in innovation and development in manufacturing processes of caustic soda is anticipated to provide growth opportunities to the market.
The global caustic soda market is segmented on the basis of production process, application, and region. Based on the production process, the market is divided into membrane cell, diaphragm cell, and others. Based on application, the global caustic soda market is categorized into organic chemical, inorganic chemicals, alumina, pulp & paper, soap & detergent, water treatment, and others.
The key players involved in the market include Dow Chemical Company, Occidental Petroleum Corporation, AkzoNobel, Solvay SA, BASF, FMC Corporation, Eastman Chemical Company, Arkema Group, BAYER AG, and Tata Chemicals Limited. These players are adopting strategies such as product launch, partnership, merger, and acquisition to stay competitive in the market. In an instance, AkzoNobel announced to expand high-purity salt production for manufacturing caustic soda in the Netherlands.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Production Process
By Application
By Region
Key Players
The global caustic soda market is expected to grow significantly. Its increasing use in applications such as alumina, pulp & paper, soap & detergent, water treatment, and others drive the growth of the market. Further, with growing chemical industry, it is expected that the demand for caustic soda will also increase as caustic soda is used in manufacturing of organic and inorganic chemicals. However, high corrosive and reactive nature of caustic soda is expected to restrain the growth of the market. The global caustic soda market is yet to explore its full potential. Therefore, increase in innovation and development in manufacturing processes of caustic soda is anticipated to provide growth opportunities to the market.
The global caustic soda market is segmented on the basis of production process, application, and region. Based on the production process, the market is divided into membrane cell, diaphragm cell, and others. Based on application, the global caustic soda market is categorized into organic chemical, inorganic chemicals, alumina, pulp & paper, soap & detergent, water treatment, and others.
The key players involved in the market include Dow Chemical Company, Occidental Petroleum Corporation, AkzoNobel, Solvay SA, BASF, FMC Corporation, Eastman Chemical Company, Arkema Group, BAYER AG, and Tata Chemicals Limited. These players are adopting strategies such as product launch, partnership, merger, and acquisition to stay competitive in the market. In an instance, AkzoNobel announced to expand high-purity salt production for manufacturing caustic soda in the Netherlands.
KEY BENEFITS FOR STAKEHOLDERS
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current trends and future scenario of the caustic soda market from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
- Major countries in four major regions, namely, North America, Europe, Asia-Pacific, and LAMEA have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and caustic soda market opportunities and their detailed impact analysis is elucidated in the study.
- The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
By Production Process
- Membrane Cell
- Diaphragm Cell
- Others
By Application
- Organic Chemical
- Inorganic Chemical
- Alumina
- Pulp & Paper
- Soap & Detergent
- Water Treatment
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Spain
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Players
- Dow Chemical Company
- Occidental Petroleum Corporation
- AkzoNobel
- Solvay SA
- BASF
- FMC Corporation
- Eastman Chemical Company
- Arkema Group
- BAYER AG
- Tata Chemicals Limited
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Caustic Soda Market, By Production Process
Chapter 5: Caustic Soda Market, By Application
Chapter 6: Caustic Soda Market, By Region
Chapter 7: Competitive Landscape
Chapter 8: Company Profiles:
Executive Summary
According to the report titled, 'Caustic Soda Market by Production Process and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global caustic soda market was valued at $36.0 billion in 2018 and is projected to reach $55.8 billion by 2026, growing at a CAGR of 5.50% from 2019 to 2026. The factors driving the growth of the market include increase in use of caustic soda in applications such as alumina, pulp & paper, soap & detergent, water treatment, and others. In addition, with growing chemical industry, it is expected that the demand for caustic soda will also increase significantly as caustic soda is used in manufacturing of organic and inorganic chemicals.Asia-Pacific and North America collectively accounted for around 70.4% share in caustic soda market size 2018, with the former constituting around 51.4% share. Asia-Pacific and Europe are expected to grow with the highest CAGR during the forecast period. The cumulative share of these two segments was 67.5% in 2018 and is anticipated to reach 69.8% by 2026.
The global caustic soda market is segmented on the basis of production process and application. Based on the production process, the market is divided into membrane cell, diaphragm cell, and others. The membrane cell segment holds a dominant position in the market and diaphragm cell segment is expected to grow with the highest CAGR during the forecast period.
Based on application, the global caustic soda market is divided into organic chemical, inorganic chemicals, alumina, pulp & paper, soap & detergent, water treatment, and others. The pulp & paper segment is expected to grow with the highest CAGR during the forecast period.
Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region holds a dominant position in the global caustic soda market share and is expected to continue its dominance during the forecast period.
The key players involved in the global caustic soda market include Dow Chemical Company, Occidental Petroleum Corporation, AkzoNobel, Solvay SA, BASF, FMC Corporation, Eastman Chemical Company, Arkema Group, BAYER AG, and Tata Chemicals Limited. These players are adopting strategies such as product launch, partnership, merger, and acquisition to stay competitive in the market. In an instance, AkzoNobel announced to expand high-purity salt production for manufacturing caustic soda in the Netherlands. AkzoNobel Specialty Chemicals is planning to upgrade its Rotterdam chlor-alkali plant for production of chlorine and caustic soda. The company is implementing “e-flex” technology, which routinely adjusts production with electricity supplies.
Key Finding of The Caustic Soda Market:
In 2018, the Asia-Pacific market held a share of over 51% in the caustic soda market and is expected to continue its dominance in caustic soda market growth.
The U.S. is expected to hold a dominant share in the caustic soda market during the forecast period.
The membrane cell segment is projected to grow at a CAGR of 5.30% by 2026.
The Asia-Pacific region dominated the caustic soda market in 2018, and is expected to grow with the highest CAGR during the forecast period.
The qualitative data in the report aims on the solar PV glass market trends, dynamics, and developments in the caustic soda industry while the quantitative data provides information regarding the market share and market size in terms of revenue and volume.
Companies Mentioned
- Dow Chemical Company
- Occidental Petroleum Corporation
- AkzoNobel S.L.ay SA
- BASF
- FMC Corporation
- Eastman Chemical Company
- Arkema Group
- BAYER AG
- Tata Chemicals Limited.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 299 |
| Published | December 2019 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 36 billion |
| Forecasted Market Value ( USD | $ 55.8 billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
