01-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Caustic Soda Market By Production Process (Diaphragm Cell, Membrane Cell, and Others) and By Application (Organic Chemical, Water Treatment, Inorganic Chemical, Soap & Detergent, Alumina, Pulp & Paper, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Caustic Soda market in 2019 was approximately USD 38 Billion. The market is expected to grow at a CAGR of 5.5% and is anticipated to reach around USD 55 Billion by 2026.
Caustic soda is also known as sodium hydroxide. The chemical formula of caustic soda is NaOH. The demand for caustic soda from industries like organic chemicals, water treatment, inorganic chemicals, soap & detergent, alumina, and pulp & paper propel market growth. It can be manufactured mainly by two methods i.e. diaphragm cell, and membrane cell. The membrane cell is an effective method of manufacturing the NaOH solution. Its method prevents the sodium hydroxide solution to mix with other salts.
The increase in demand for consumer products such as soaps and detergents owing to rising awareness regarding hygiene is projected to fuel market growth. Additionally, the growth of textiles and pulp and paper industry is estimated to generate significant demand for caustic soda. However, the corrosive properties of caustic soda and its reactive nature may hinder growth in industries.
Browse the full “Caustic Soda Market By Production Process (Diaphragm Cell, Membrane Cell, and Others) and By Application (Organic Chemical, Water Treatment, Inorganic Chemical, Soap & Detergent, Alumina, Pulp & Paper, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/caustic-soda-market-by-production-process-diaphragm-cell-1051
The caustic soda market is segmented based on the production process and application. On the basis of production process segmentation, the market is classified into diaphragm cells, membrane cells, and others. The membrane cell production process has unique advantages. The sodium hydroxide solution is formed in this process without contaminating another solution. The solution delivered by this method is very pure in nature. In terms of Application segmentation, the market is bifurcated into organic chemical, water treatment, inorganic chemical, soap & detergent, alumina, pulp & paper, and others. The soap and detergent market is estimated to hold a significant share of the market. Pulp and paper and water treatment are also projected to fetch healthy demand for caustic soda.
According to the region, the caustic soda market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is projected to lead the market with the highest market share and growth rate. The significant textile production in countries like India and China is projected to boost market growth. Around 40% of total production is delivered by China owing to the presence of major industries in the country. North America is projected to grow at a moderate growth rate. The demand for textiles and soap is estimated to make favorable conditions for the caustic soda market in North America. However, Latin America, and Middle East & Africa are anticipated to witness a moderate growth rate.
The caustic soda market is quite fragmented in nature. The intense rivalry in the market owing to the presence of big brands leads to price wars amongst the players. The leading players in the market are Dow Chemical Company, Tata Chemicals Limited., Occidental Petroleum Corporation, BAYER AG, AkzoNobel, Arkema Group, Solvay SA, Eastman Chemical Company, BASF, and FMC Corporation.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 38 Billion |
Projected Market Size in 2026 |
USD 55 Billion |
CAGR Growth Rate |
5.5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Dow Chemical Company, Tata Chemicals Limited., Occidental Petroleum Corporation, BAYER AG, AkzoNobel, Arkema Group, Solvay SA, Eastman Chemical Company, BASF, and FMC Corporation. |
Key Segment |
By Production Process, By Application, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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This report segments the Caustic Soda market as follows:
Global Caustic Soda Market: By Production Process Segmentation Analysis
- Diaphragm Cell
- Membrane Cell
- Others
Global Caustic Soda Market: By Application Segmentation Analysis
- Organic Chemical
- Water Treatment
- Inorganic Chemical
- Soap & Detergent
- Alumina
- Pulp & Paper
- Others
Global Caustic Soda Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Rest of Middle East & Africa
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