GLOBAL CAUSTIC SODA MARKET :TRENDS ANALYSIS AND FORECASTS UP TO 2022
The global caustic soda market is expected to grow
with a CAGR between 3.2% and 4.4 % from 2016 to
2022. Caustic soda is also known as lye, sodiumhy-
drate, and sodium hydroxide. Caustic soda is an inor-
ganic odorless material with strong base and highly
corrosive properties. It dissolves in ethanol, metha-
nol, and water. Caustic soda is also available in solid
forms such as flakes, granules, and pellets. The sodi-
um further reacts with water in the cells to provide
caustic soda and hydrogen. Caustic soda produced
by lime soda process has lesser quality. Caustic soda
is a good reactant and hence finds application in the
extraction of metals such as alumina and zinc. More-
over, it is widely used for the production of various
inorganic chemicals. Caustic soda finds several appli-
cations as an auxiliary chemical in industries such as
pulp & paper, textiles, oil & gas, detergents, cleaning
products and others. Additionally, caustic soda finds
application for the acids neutralization, pharmaceuti-
cal compounds synthesis, and rubber recycling.
Caustic soda garners a share of more than 40%
among the inorganic chemicals in terms of volume of
consumption worldwide. The increasing demand from
end user industries such as pulp, paper, and textiles
is expected to the drive the growth of the global caus-
tic soda market. The increasing demand for alumina
from the automobile industry is boosting the growth of
the global caustic soda market during the estimated
period.
The report segments the global caustic soda market
by application and region. On the basis of application,
the market is segmented as alumina, detergents,
food, inorganic chemicals, organic chemicals, pulp &
paper, soaps, steel/metallurgy-sintering, textiles, wa-
ter treatment, and others.
The report provides regional analysis covering geog-
raphies such as North America, Europe, Asia-Pacific,
and Rest of the World. Asia-Pacific region is project-
ed to remain as the largest and fastest growing caus-
tic soda market with more than 50% global share.
China is the largest consumer and producer of caus-
tic soda. The phenomenal increase in demand from
textile industry in countries such as China, India, Tai-
wan, and Vietnam is expected to drive the growth in
the Asia-Pacific market. Going forward, European
caustic soda market is expected to experience a
moderate growth as the market has attained maturity
in this region. North America accounted for approxi-
mately 20% share in the global caustic soda market
in 2015. The U.S. drives the relatively matured North
American caustic soda market. South America is a
major exporting destination for the major players in
global caustic soda market. The demand for consum-
er products in the major emerging countries such as
Brazil is expected to drive the growth of caustic soda
market in South America.Africa is a major untapped
market with ample opportunities for major players to
expand during the forecast period.
The companies covered in the report include: Formo-
sa Plastics Corporation, Hanhwa Chemical Corpora-
tion, Ineos Group Limited, Occidental Petroleum Cor-
poration, PPG Industries, Solvay SA, Tata Chemi-
cals, The Dow Chemical Company, Tosoh Corpora-
tion, and Xinjiang Zhongtai Chemical Co. Ltd.
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