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
Global Caustic Soda Market Report Segmentation
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Organic Chemical
- Inorganic Chemical
- Alumina
- Pulp & Paper
- Soap & Detergent
- Water Treatment
- Others
By Production Process
- Membrane Cell
- Diaphragm Cell
- Others
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- 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
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Caustic Soda Market, by Application
- 1.4.2Global Caustic Soda Market, by Production Process
- 1.4.3Global Caustic Soda Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.Global Caustic Soda Market by Application
- 4.1Global Organic Chemical Market by Region
- 4.2Global Inorganic Chemical Market by Region
- 4.3Global Alumina Market by Region
- 4.4Global Pulp & Paper Market by Region
- 4.5Global Soap & Detergent Market by Region
- 4.6Global Water Treatment Market by Region
- 4.7Global Others Market by Region
Chapter 5.Global Caustic Soda Market by Production Process
- 5.1Global Membrane Cell Market by Region
- 5.2Global Diaphragm Cell Market by Region
- 5.3Global Others Market by Region
Chapter 6.Global Caustic Soda Market by Region
- 6.1North America Caustic Soda Market
- 6.1.1North America Caustic Soda Market by Application
- 6.1.1.1North America Organic Chemical Market by Country
- 6.1.1.2North America Inorganic Chemical Market by Country
- 6.1.1.3North America Alumina Market by Country
- 6.1.1.4North America Pulp & Paper Market by Country
- 6.1.1.5North America Soap & Detergent Market by Country
- 6.1.1.6North America Water Treatment Market by Country
- 6.1.1.7North America Others Market by Country
- 6.1.2North America Caustic Soda Market by Production Process
- 6.1.2.1North America Membrane Cell Market by Country
- 6.1.2.2North America Diaphragm Cell Market by Country
- 6.1.2.3North America Others Market by Country
- 6.1.3North America Caustic Soda Market by Country
- 6.1.3.1US Caustic Soda Market
- 6.1.3.1.1US Caustic Soda Market by Application
- 6.1.3.1.2US Caustic Soda Market by Production Process
- 6.1.3.2Canada Caustic Soda Market
- 6.1.3.2.1Canada Caustic Soda Market by Application
- 6.1.3.2.2Canada Caustic Soda Market by Production Process
- 6.1.3.3Mexico Caustic Soda Market
- 6.1.3.3.1Mexico Caustic Soda Market by Application
- 6.1.3.3.2Mexico Caustic Soda Market by Production Process
- 6.1.3.4Rest of North America Caustic Soda Market
- 6.1.3.4.1Rest of North America Caustic Soda Market by Application
- 6.1.3.4.2Rest of North America Caustic Soda Market by Production Process
- 6.2Europe Caustic Soda Market
- 6.2.1Europe Caustic Soda Market by Application
- 6.2.1.1Europe Organic Chemical Market by Country
- 6.2.1.2Europe Inorganic Chemical Market by Country
- 6.2.1.3Europe Alumina Market by Country
- 6.2.1.4Europe Pulp & Paper Market by Country
- 6.2.1.5Europe Soap & Detergent Market by Country
- 6.2.1.6Europe Water Treatment Market by Country
- 6.2.1.7Europe Others Market by Country
- 6.2.2Europe Caustic Soda Market by Production Process
- 6.2.2.1Europe Membrane Cell Market by Country
- 6.2.2.2Europe Diaphragm Cell Market by Country
- 6.2.2.3Europe Others Market by Country
- 6.2.3Europe Caustic Soda Market by Country
- 6.2.3.1Germany Caustic Soda Market
- 6.2.3.1.1Germany Caustic Soda Market by Application
- 6.2.3.1.2Germany Caustic Soda Market by Production Process
- 6.2.3.2UK Caustic Soda Market
- 6.2.3.2.1UK Caustic Soda Market by Application
- 6.2.3.2.2UK Caustic Soda Market by Production Process
- 6.2.3.3France Caustic Soda Market
- 6.2.3.3.1France Caustic Soda Market by Application
- 6.2.3.3.2France Caustic Soda Market by Production Process
- 6.2.3.4Russia Caustic Soda Market
- 6.2.3.4.1Russia Caustic Soda Market by Application
- 6.2.3.4.2Russia Caustic Soda Market by Production Process
- 6.2.3.5Spain Caustic Soda Market
- 6.2.3.5.1Spain Caustic Soda Market by Application
- 6.2.3.5.2Spain Caustic Soda Market by Production Process
- 6.2.3.6Italy Caustic Soda Market
- 6.2.3.6.1Italy Caustic Soda Market by Application
- 6.2.3.6.2Italy Caustic Soda Market by Production Process
- 6.2.3.7Rest of Europe Caustic Soda Market
- 6.2.3.7.1Rest of Europe Caustic Soda Market by Application
- 6.2.3.7.2Rest of Europe Caustic Soda Market by Production Process
- 6.3Asia Pacific Caustic Soda Market
- 6.3.1Asia Pacific Caustic Soda Market by Application
- 6.3.1.1Asia Pacific Organic Chemical Market by Country
- 6.3.1.2Asia Pacific Inorganic Chemical Market by Country
- 6.3.1.3Asia Pacific Alumina Market by Country
- 6.3.1.4Asia Pacific Pulp & Paper Market by Country
- 6.3.1.5Asia Pacific Soap & Detergent Market by Country
- 6.3.1.6Asia Pacific Water Treatment Market by Country
- 6.3.1.7Asia Pacific Others Market by Country
- 6.3.2Asia Pacific Caustic Soda Market by Production Process
- 6.3.2.1Asia Pacific Membrane Cell Market by Country
- 6.3.2.2Asia Pacific Diaphragm Cell Market by Country
- 6.3.2.3Asia Pacific Others Market by Country
- 6.3.3Asia Pacific Caustic Soda Market by Country
- 6.3.3.1China Caustic Soda Market
- 6.3.3.1.1China Caustic Soda Market by Application
- 6.3.3.1.2China Caustic Soda Market by Production Process
- 6.3.3.2Japan Caustic Soda Market
- 6.3.3.2.1Japan Caustic Soda Market by Application
- 6.3.3.2.2Japan Caustic Soda Market by Production Process
- 6.3.3.3India Caustic Soda Market
- 6.3.3.3.1India Caustic Soda Market by Application
- 6.3.3.3.2India Caustic Soda Market by Production Process
- 6.3.3.4South Korea Caustic Soda Market
- 6.3.3.4.1South Korea Caustic Soda Market by Application
- 6.3.3.4.2South Korea Caustic Soda Market by Production Process
- 6.3.3.5Singapore Caustic Soda Market
- 6.3.3.5.1Singapore Caustic Soda Market by Application
- 6.3.3.5.2Singapore Caustic Soda Market by Production Process
- 6.3.3.6Malaysia Caustic Soda Market
- 6.3.3.6.1Malaysia Caustic Soda Market by Application
- 6.3.3.6.2Malaysia Caustic Soda Market by Production Process
- 6.3.3.7Rest of Asia Pacific Caustic Soda Market
- 6.3.3.7.1Rest of Asia Pacific Caustic Soda Market by Application
- 6.3.3.7.2Rest of Asia Pacific Caustic Soda Market by Production Process
- 6.4LAMEA Caustic Soda Market
- 6.4.1LAMEA Caustic Soda Market by Application
- 6.4.1.1LAMEA Organic Chemical Market by Country
- 6.4.1.2LAMEA Inorganic Chemical Market by Country
- 6.4.1.3LAMEA Alumina Market by Country
- 6.4.1.4LAMEA Pulp & Paper Market by Country
- 6.4.1.5LAMEA Soap & Detergent Market by Country
- 6.4.1.6LAMEA Water Treatment Market by Country
- 6.4.1.7LAMEA Others Market by Country
- 6.4.2LAMEA Caustic Soda Market by Production Process
- 6.4.2.1LAMEA Membrane Cell Market by Country
- 6.4.2.2LAMEA Diaphragm Cell Market by Country
- 6.4.2.3LAMEA Others Market by Country
- 6.4.3LAMEA Caustic Soda Market by Country
- 6.4.3.1Brazil Caustic Soda Market
- 6.4.3.1.1Brazil Caustic Soda Market by Application
- 6.4.3.1.2Brazil Caustic Soda Market by Production Process
- 6.4.3.2Argentina Caustic Soda Market
- 6.4.3.2.1Argentina Caustic Soda Market by Application
- 6.4.3.2.2Argentina Caustic Soda Market by Production Process
- 6.4.3.3UAE Caustic Soda Market
- 6.4.3.3.1UAE Caustic Soda Market by Application
- 6.4.3.3.2UAE Caustic Soda Market by Production Process
- 6.4.3.4Saudi Arabia Caustic Soda Market
- 6.4.3.4.1Saudi Arabia Caustic Soda Market by Application
- 6.4.3.4.2Saudi Arabia Caustic Soda Market by Production Process
- 6.4.3.5South Africa Caustic Soda Market
- 6.4.3.5.1South Africa Caustic Soda Market by Application
- 6.4.3.5.2South Africa Caustic Soda Market by Production Process
- 6.4.3.6Nigeria Caustic Soda Market
- 6.4.3.6.1Nigeria Caustic Soda Market by Application
- 6.4.3.6.2Nigeria Caustic Soda Market by Production Process
- 6.4.3.7Rest of LAMEA Caustic Soda Market
- 6.4.3.7.1Rest of LAMEA Caustic Soda Market by Application
- 6.4.3.7.2Rest of LAMEA Caustic Soda Market by Production Process
Chapter 7.Company Profiles
- 7.1Shin-Etsu Chemical Co., Ltd.
- 7.1.1Company Overview
- 7.1.2Financial Analysis
- 7.1.3Segmental and Regional Analysis
- 7.1.4Research & Development Expenses
- 7.1.5SWOT Analysis
- 7.2Gujarat Alkalies and Chemicals Limited
- 7.2.1Company Overview
- 7.2.2Financial Analysis
- 7.2.3Research & Development Expenses
- 7.2.4Recent strategies and developments:
- 7.2.4.1Partnerships, Collaborations, and Agreements:
- 7.3INEOS Group Holdings S.A.
- 7.3.1Company Overview
- 7.3.2Financial Analysis
- 7.3.3Segmental and Regional Analysis
- 7.3.4SWOT Analysis
- 7.4BASF SE
- 7.4.1Company Overview
- 7.4.2Financial Analysis
- 7.4.3Segmental and Regional Analysis
- 7.4.4Research & Development Expense
- 7.4.5SWOT Analysis
- 7.5The Dow Chemical Company
- 7.5.1Company Overview
- 7.5.2Financial Analysis
- 7.5.3Segmental and Regional Analysis
- 7.5.4Research & Development Expenses
- 7.5.5Recent strategies and developments:
- 7.5.5.1Product Launches and Product Expansions:
- 7.5.6SWOT Analysis
- 7.6Tata Chemicals Ltd. (Tata Group)
- 7.6.1Company Overview
- 7.6.2Financial Analysis
- 7.6.3Segmental and Regional Analysis
- 7.6.4SWOT Analysis
- 7.7Solvay SA
- 7.7.1Company Overview
- 7.7.2Financial Analysis
- 7.7.3Segmental and Regional Analysis
- 7.7.4Research & Development Expenses
- 7.7.5SWOT Analysis
- 7.8Covestro AG
- 7.8.1Company Overview
- 7.8.2Financial Analysis
- 7.8.3Segmental and Regional Analysis
- 7.8.4Research & Development Expenses
- 7.8.5SWOT Analysis
- 7.9LG Chem Ltd. (LG Corporation)
- 7.9.1Company Overview
- 7.9.2Financial Analysis
- 7.9.3Segmental and Regional Analysis
- 7.9.4SWOT Analysis
- 7.10.Formosa Plastics Group
- 7.10.1Company Overview
- 7.10.2Financial Analysis
- 7.10.3SWOT Analysis
Chapter 8.Winning Imperatives for Caustic Soda Market