Caustic Soda Market Size To Reach $64.3 Billion By 2030

Caustic Soda Market Growth & Trends

The global caustic soda market size is expected to reach USD 64.3 billion by 2030, registering a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Escalating demand across various industries such as textile, pulp & paper, organic chemicals, etc. is expected to strengthen the market growth. Rising demand for alumina in automobile industry especially in Asia Pacific is considered to stimulate the market growth.

Fluctuating prices due to high energy consumption and uneven production rates is likely to limit the market growth. Chlorine production is also expected to influence the caustic soda market as it is co-produced with chlorine.

By application, the textile segment dominated the global market in 2023, demand for high-quality textiles, driven by consumer preferences for better fabric quality and vibrant colors, has led to an increased consumption of caustic soda in the industry. Textiles are expected to emerge as the leading application over the forecast period.

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Caustic Soda Market Report Highlights

• Asia Pacific dominated the global market with demand share exceeding 52.9% in 2023. Burgeoning textile as well as pulp & paper industry particularly in China and India is likely to drive the regional market.

• North America and European markets are expected to witness moderate growth on account of market maturity levels.

• Key players in operating in the global market are anticipated to focus on mergers & acquisitions to expand their market presence. Cost effective production of caustic soda is considered to be a major challenge which will influence the market in coming years.

Caustic Soda Market Segmentation

Grand View Research has segmented the global caustic soda market based on application, and region:

Caustic Soda Application Outlook (Revenue, USD Million, Volume, Kilo Tons, 2018 - 2030)

• Alumina

• Inorganic Chemicals

• Organic Chemicals

• Food, Paper & Pulp

• Soaps & Detergents

• Textiles

• Water Treatment

• Steel/Metallurgy-sintering

• Other

Caustic Soda Regional Outlook (Revenue, USD Million, Volume, Kilo Tons, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Russia

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

List of Key Players in the Caustic Soda Market

• Dow    

• Olin Corporation        

• Westlake Corporation           

• Occidental Petroleum Corporation

• Formosa Plastics Corporation

• Tata Chemicals         

• Shin-Etsu Chemical Co., Ltd.

• Akzo Nobel N.V.

• Solvay

• Grasim Industries Limited (India) and Aditya Birla Chemicals (Thailand) Pvt. Ltd          

• SABIC 

• Covestro AG

• Hanwha Group

• Tosoh India Pvt. Ltd