Global Caustic Soda Market Report 2018-2023

Caustic Soda is also called Sodium hydroxide (NaOH). It is one of the popular alkali in the world. It is classified in the group of strong chemical bases, as it is completely dissolved in water. Because of its highly versatile property, it is used in multiple manufacturing processes.

The caustic soda market is estimated to grow US$ 94 billion in 2018 to US$ 106 billion in 2023 at a CAGR of 2%. The end-use sector is highly fragmented and spreads among several applications, major among these are Textiles & Alumina manufacturing industry. Around half of the consumption of Caustic Soda accounts for Textiles, Alumina, Organic Chemicals, and Pulp & Paper Industry. Other major end-use sectors include Soaps & Detergents, Inorganic Chemicals, Dyes & Inks, Pesticides, Pharmaceuticals & Water Treatment. One of the major factors driving the growth of the market is the rising demand for alumina in the automotive industry.

Around two-fifth of Caustic Soda production and demand is clustered in China, followed by North-East Asia, Europe & North America respectively.

Major global manufacturers of Caustic Soda are Dow Chemical, Formosa Plastics, Wanhua Chemical, Formosa Plastics, Xinjiang Zhongtai Chemical Industry, Tosoh, Shintech etc.

This report covers the global scenario on Caustic Soda Industry, Region-wise Supply Demand Analysis and Future Demand Projections for Africa, South America, North America, Indian Subcontinent, North East Asia, China, South East Asia, Middle East, Europe and Australia. For the Indian scenario, this report covers major producers, Supply, Demand, Market Drivers and Future Projection.