Global Caustic Soda Industry Report: Analysis and Forecast 2022-2027

Global Caustic Soda Industry Report: Analysis and Forecast 2022-2027

Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices by Caustic Soda industry report

The Caustic Soda was valued to be worth 79.95 MMT in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 3 percent, achieving a value of around 95.46 MM by 2027.

The caustic soda industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. The broad application of caustic soda in a range of methods, such as the development of hygiene products, paper production, oil products, alumina, and pharmaceutical goods, is fueling the market growth. The Asia Pacific is the biggest category spender by region which is impelling the demand for the caustic soda industry.

Caustic Soda: Industry Definition and Segmentation

Scope

Sodium hydroxide also referred to as lye or caustic soda, is a chemical alkaline base and alkali that decomposes proteins at room temperature and can cause serious chemical burns. It is highly soluble in water and quickly absorbs moisture and carbon dioxide from the air. In its finest form, it is a glossy, white compound.

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The caustic Soda industry report comprises segments:

  • By Application: Organics, S&D&T, Alumina, Pulp and Paper, Inorganics, Water Treatment
  • By Region: North America, Europe, Asia Pacific, the Middle East, Africa, and South America

Snapshot of the Report

The regional markets for the industry can be divided into North America, Europe, Asia Pacific, the Middle East, and South America.

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Category Drivers

The business is being propelled by the expanding utilisation of the inorganic compound in various end-user segments due to its solid alkaline qualities. Caustic soda is utilised in a variety of processes, including soap and detergent manufacturing, pulp and paper production, petroleum products, alumina production, and chemical goods production. The worldwide caustic soda market is driven by the fact that caustic soda has such a wide range of applications. Others include water treatment, textiles, food, glass manufacture, metal processing, mining, and other applications. The chemical industry is the world’s largest consumer of caustic soda. It is added to final end-use products to deliver sodium due to its sodium-based chemistry. As a result, it’s utilised to make silicates, silicas, and other materials, encouraging the industry’s growth.

Category Insight by Region

The Asia Pacific region accounts for most of the industry’s revenue. As the world’s largest pulp and paper producer, China is both the largest producer and user of the commodity. In addition, India is a major producer of caustic soda, which is propelling the market forward. Rising interest rates, increased consumer spending, the burgeoning construction, and chemical sectors, and government subsidies in the region are all contributing to this.

The product’s use as a vital ingredient in the production of soaps, cleansers, and detergents is driving the market. Sodium hydroxide is often used in saponification to transform vegetable oils into soap because of its qualities, such as its ability to dissolve oils, grease, fats, and protein-based deposits. It’s also utilised in the production of anionic surfactants, which are a fundamental component of most detergents and cleaning solutions. Furthermore, detergents are classified as anionic, cationic, or non-ionic based on their ionic characteristics and are used for a variety of purposes, including household cleaning and gasoline additives.

Best Procurement Practices

The global Caustic Soda supply industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by the major customers of Caustic Soda products across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

For industrial usage, the electrolytic chloralkali process produces sodium hydroxide in a 50 percent solution. Chlorine gas is also created during this technique. When the water in this solution evaporates, solid sodium hydroxide is formed. Flakes, prills, and cast blocks are the most common forms of solid sodium hydroxide. The sodium hydroxide was produced by mixing sodium carbonate and calcium hydroxide in a metathesis reaction, which takes advantage of the fact that sodium hydroxide is soluble, but calcium carbonate is not. Causticising was the term used to describe this process. Later, the Solvay process supplanted this approach, which was eventually succeeded by the chloralkali process, which is still in use today. Sodium hydroxide is made by mixing pure sodium metal with water.

Key Supplier Profiles included in the Caustic Soda Industry Report

The key market players are Occidental Chemical Corporation, Olin Corporation, Formosa Plastics Corporation, The Dow Chemical Company, and BASF SE.

The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments in the market.

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