市场调查报告书
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1461642
全球烧碱市场规模、份额、成长分析,按应用(氧化铝、纸浆和造纸)、按类型(碱液和片状) - 行业预测 2024-2031Global Caustic Soda Market Size, Share, Growth Analysis, By Application(Alumina, Pulp & Paper), By Type(Lye and flakes) - Industry Forecast 2024-2031 |
2022年全球烧碱市场规模为415亿美元,预计将从2023年的430.8亿美元成长到2031年的580.5亿美元,预测期间(2024-2031年)复合年增长率为3.8%。
烧碱市场在从药品製造和铝土矿净化到食品相关产业和炼油等各种过程中发挥着至关重要的作用。在食品加工中,烧碱是一种重要的成分,有助于橄榄处理、增强椒盐捲饼的鬆脆度以及促进罐装过程中水果和蔬菜的去皮过程等应用。烧碱行业的公司主要专注于这些不同的应用,包括食品加工以及氧化铝生产、纸浆和纸张製造以及肥皂和清洁剂生产。化学生产和石油工业需求的增加极大地推动了市场。为了满足不断增长的需求,烧碱市场的主要参与者正在优先考虑扩大产能并在新兴市场组建合资企业。然而,随着COVID-19大流行期间市场份额下降,主要製造商需要专注于产品开发创新,并透过技术进步来增强生产流程。在欧洲,由于天然气和电力价格上涨,近期烧碱价格大幅上涨。儘管美国经济復苏,但受严寒等恶劣天气条件影响需求和预测等多种因素影响,烧碱市场復苏率低于预期。运输成本、交货时间长以及减产进一步加剧了对美国市场的负面影响。
Global caustic soda market size was valued at USD 41.5 billion in 2022 and is poised to grow from USD 43.08 billion in 2023 to USD 58.05 billion by 2031, at a CAGR of 3.8% during the forecast period (2024-2031).
Caustic soda markets play a crucial role in various processes, ranging from pharmaceutical manufacturing and bauxite purification to food-related industries and oil refining. In food processing, caustic soda serves as a significant component, contributing to applications such as olive treatment, enhancing the crunchiness of pretzels, and facilitating the skin removal process for fruits and vegetables during canning. Companies operating in the caustic soda sector primarily focus on these diverse applications, including food processing, as well as alumina production, pulp and paper manufacturing, and soap and detergent production. The market has been substantially driven by the increased demand in chemical production and petroleum industries. To meet the growing demand, key players in the caustic soda market are prioritizing capacity expansion and forming joint ventures in emerging markets. However, following the decline in market share during the COVID-19 pandemic, major manufacturers need to concentrate on innovation in product development and enhancing production processes through technological advancements. In Europe, there has been a significant price hike in caustic soda recently, attributed to the increase in natural gas and electricity prices. Despite the recovery of the U.S. economy, the caustic soda market's recovery rate was lower than expected, impacted by various factors including the severe weather conditions such as deep freeze, which affected demand and forecasts. Transportation costs, long lead times, and production cuts further exacerbated the negative impact on the market in the United States.
Top-down and bottom-up approaches were used to estimate and validate the size of the global caustic soda market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Caustic Soda Market Segmental Analysis
Global caustic soda market is segmented based on application, type, and region. By application, the market is segmented into alumina, pulp & paper, soaps & detergents, organics, inorganics, water treatment, and others. By type, the market is segmented into lye and flakes. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Drivers of the Global Caustic Soda Market
Caustic soda plays a crucial role in the refining process of raw bauxite into white powder alumina, which is subsequently smelted to produce aluminum. With the rising demand in the alumina industry, there is an increasing acceptance of caustic soda. Aluminum finds diverse applications in industries such as construction, transportation, and containers & packaging. Additionally, aluminum presents itself as a promising option for promoting sustainable energy use in the forecasted period.
Restraints in the Global Caustic Soda Market
The significant adverse effect of caustic soda is its reactive and corrosive nature, which can potentially harm human health and the environment. Overuse or high dosage of caustic soda may lead to severe health impacts, including digestive or respiratory system issues, as well as severe burns to the eyes and skin, among others. These negative effects on both the environment and human health are likely to impede the market's growth.
Market Trends of the Global Caustic Soda Market
One crucial application of caustic soda is its ability to raise the pH of water by absorbing water and carbon dioxide. The escalating water scarcity worldwide is expected to provide a significant boost to the caustic soda market. The prevalence of extreme water stress, water scarcity, and stringent regulations governing the treatment of contaminated water are anticipated to drive the growth of the global market.