Caustic Soda Market Size Research Report | Analysis

Caustic Soda Market

Caustic Soda Market was estimated at USD 87 million in 2020 and is expected to expand at a CAGR of 6.3% over the forecast period. Caustic soda is used to produce various household items such as soaps and detergents.

One of the major factors driving the caustic soda market size is the growing demand for alumina across the transport sector. Alumina is extricated from a naturally evolving mineral with the help of caustic soda and is used to produce aluminum and other products such as cans, automotive, airplane carts, etc. As per the Aluminum Association    , net demand for aluminum is projected to increase to 514 pounds per vehicle because of the acceleration penetration of BIW and aluminum enclosures. Caustic soda is majorly used to convert vegetable oil into soap.

Moreover, as per the caustic soda market analysis, the growing demand for pulp and paper will further strengthen the market size. As stated by the Environment Paper Network, demand for paper has almost doubled since 1985, touching over 406 million metric tonnes in 2015, and is projected to increase to 485 million metric tonnes by 2030.

However, as projected by the caustic soda market report, caustic soda is a very harmful substance, and its impact depends on factors such as duration of time exposed and concentration of sodium hydroxide. Moreover, direct contact with a high concentration of sodium hydroxide may lead to burn-in eyes and skin, causing permanent damage.

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Asia Pacific region is expected to expand at a faster rate over the forecast period owing to the expansion in textile, paper and pulp, and chemical processing industries. As per the Ministry of Chemicals & Fertilizers, India, the production of Caustic Soda was 3136.94 metric tonnes in 2019-20 over 2925.35 metric tonnes production in 2018-19.

Caustic Soda Market Segmentation:

Caustic Soda Market by Application

·         Alumina

·         Soap & Detergent

·         Pulp & Paper

·         Water Treatment

·         Inorganic Chemicals

·         Organic Chemicals

·         Textiles

·         Others

Caustic Soda Market by Region:

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         North America

o   United States of America

o   Canada

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

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