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Table of Contents
Global Caustic Soda Market is expected to grow at a CAGR of 5.6% between 2024 and 2030. Caustic soda is the common name for sodium hydroxide (NaOH). Caustic soda is an alkali salt which is also called Lye. Sodium hydrate is caustic or corrosive. Because of this chemical identity, it is known as caustic soda. Caustic soda is a waxy, white solid in its pure form. It readily absorbs water and forms aqueous solutions. Sodium hydroxide is a by-product of chlorine production.
Sodium hydroxide is used to manufacture a variety of medicines and pharmaceutical products. It is used in manufacturing of soaps and a variety of detergents that are applicable in homes and commercial applications. It is also used in the production of fuel cell. Sodium hydroxide is used by municipal water treatment facilities to control water acidity and to help remove heavy metals from water. It is also used in paper making and paper recycling processes. Several food processing applications uses Sodium hydroxide. Sodium hydroxide is used in many other industrial and manufacturing processes such as extraction of alumina, manufacturing of rayon, spandex, explosives, epoxy resins, paints, glass and ceramics.
Global Caustic Soda market has significantly increased over the recent past. The market is highly attractive due to increasing demand all over the world, especially from emerging economies. Key market drivers of the growth includes massive industrialization especially in Asia Pacific region. Textile industry is also one of the major consumer of Caustic soda & hence Caustic Soda Market has seen impressive growth rate in recent times.
Geographically, Global Caustic Soda market is segmented into several areas- North America, Europe, China, Japan, Southeast Asia, India, Africa and Latin America. Global Caustic Soda market is dominated by Asia Pacific, followed by North America and Europe. Global market share of Asia Pacific by volume in Caustic Soda market was nearly 50% in 2023. Emerging economies like China, India, Indonesia are the key consumers of caustic soda in Asia-Pacific.
Caustic Soda Market: Product Type
Caustic Soda Market: End Users/Application Analysis
Caustic Soda Market : Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Caustic Soda Market:
Geographical analysis of Caustic Soda Market:
Global Caustic Soda Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2019-2024 |
Forecast Data |
2025-2031 |
Base Year Value (2024) |
USD 45206.52 million |
Forecast Value (2031) |
USD 66198.56 million |
CAGR (2025-2031) |
5.6 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Caustic Soda Market was valued at around USD 45206.52 million in 2024 & is estimated to reach USD 66198.56 million by 2031.
Caustic Soda Market is likely to grow at Compound Annual Growth Rate (CAGR) of 5.6% between 2025-2031.
Caustic Soda Market is dominated by the ?Liquid Caustic Soda segment and the Asia Pacific region holds the highest market share in 2023.
Some of the top key players in the Caustic Soda Market are Dow Chemical, OxyChem, Axiall, Olin Corporation, Formosa Plastics Corporation, Tosoh, Inovyn, Asahi Glass, Covestro, Shin-Etsu Chemical, AkzoNobel, Hanwha Chemical, Solvay, LG Chemical, Tokuyama Corp.
Primary driving factors for the growth of the Caustic Soda Market include Massive industrialization and high demand fom the Textile industry.
Yes, the report includes Geopolitical impact on the market.
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