Caustic Soda Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Production Process (Membrane Cell, Diaphragm Cell, and Other Production Processes), Application (Pulp & Paper, Organic Chemical, Inorganic Chemical, Soap & Detergent, Alumina, Water Treatment, Textile, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa).

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

6 %

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Market Overview

The market for caustic soda is anticipated to register a CAGR of around 6% during the forecast period. One of the major factors driving the growth of the market is the rising demand for alumina in the automotive industry.

  • The increasing demand for paper & paperboards is also expected to increase the consumption of caustic soda, to extract aluminum from its ores, thereby augmenting the growth of the market.
  • Energy-intensive production process and major environmental concerns are likely to hinder the market growth.
  • Plant capacity expansions and joint ventures in emerging and developed markets are projected to act as an opportunity for the market, in the future.

Scope of the Report

The caustic soda market report includes:

Production Process
Membrane Cell
Diaphragm Cell
Others
Application
Pulp & Paper
Organic Chemical
Inorganic Chemical
Soap & Detergent
Alumina
Water Treatment
Textile
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
United Arab Emirates
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from the Pulp and Paper Industry

  • Caustic soda is used in the pulp & paper industry mostly for digesting wood to make wood pulp, and as a bleaching agent for neutralizing bleached pulp and paper. It is also used for deinking of waste papers.
  • Caustic soda is available in solid, flake, or powder form, while its water solution is mostly used by the pulp & paper industry. Commercially, equivalent to 98% NaOH is quoted on a 76% sodium oxide (Na2O) basis.
  • In Asia-Pacific, China and India are the major markets for pulp and paper production, while in Europe, Sweden and Finland accounted for approximately 60% of the European pulp production.
  • In North America, there are over 110 pulp mills in the United States and Canada combined, which consume over 3 million metric ton of caustic soda per year.
  • All the aforementioned factors are expected to drive the global market during the forecast period

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China to Dominate the Asia-Pacific Region

  • In Asia-Pacific, China is the largest economy, in terms of GDP.  The growth in the country remains high, but it is gradually diminishing as the population ages and the economy is rebalancing from investment to consumption, manufacturing to services, and external to internal demand.
  • China is the largest producer, as well as consumer of caustic soda. Additionally, the country is the largest largest pulp and paper producing nation in the world, as a result of its large forest reserves (22.5% of the land area).
  • The industry is modern and highly mechanized, and the labor is cheap. Forest cover is increasing in China, owing to government afforestation initiatives. While this is a positive sign, there are concerns regarding social and environmental issues. As the largest wood importer in the world, with complex and opaque supply chains, significant challenges are also present.
  • With the growth in the pulp and paper industry, coupled with the rising demand from other sectors, the consumption of caustic soda is expected to increase in the country, in the upcoming years.

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Competitive Landscape

The caustic soda market is partially consolidated. In terms of market share, few of the major players currently dominate the market. Key players in the caustic soda market include Akzo Nobel NV, Occidental Petroleum Corporation, Arkema, Covestro AG, Dow, Shin-Etsu Chemicals Co. Ltd, SABIC, Solvay, among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Demand for Alumina in the Automotive Industry

      2. 4.1.2 Increasing Demand for Paper and Paperboards

      3. 4.1.3 Growing Demand from the Chemical Industry

    2. 4.2 Restraints

      1. 4.2.1 Energy-intensive Production Process

      2. 4.2.2 Environmental Concerns

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Feedstock Trends

    6. 4.6 Technological Snapshot

      1. 4.6.1 Production Process

      2. 4.6.2 Technology Licensing and Patent Analysis

    7. 4.7 Import and Export Trends

    8. 4.8 Price Trends

    9. 4.9 Major Plants and Upcoming Capacities

  5. 5. MARKET SEGMENTATION

    1. 5.1 Production Process

      1. 5.1.1 Membrane Cell

      2. 5.1.2 Diaphragm Cell

      3. 5.1.3 Others

    2. 5.2 Application

      1. 5.2.1 Pulp & Paper

      2. 5.2.2 Organic Chemical

      3. 5.2.3 Inorganic Chemical

      4. 5.2.4 Soap & Detergent

      5. 5.2.5 Alumina

      6. 5.2.6 Water Treatment

      7. 5.2.7 Textile

      8. 5.2.8 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

        4. 5.3.2.4 Rest of North America

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 United Arab Emirates

        4. 5.3.5.4 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Akzo Nobel NV

      2. 6.4.2 Arkema

      3. 6.4.3 Covestro AG

      4. 6.4.4 Dow

      5. 6.4.5 Formosa Plastics Corp.

      6. 6.4.6 FMC

      7. 6.4.7 Grasim (Aditya Birla)

      8. 6.4.8 Hanwha Chemical Corporation

      9. 6.4.9 Inovyn

      10. 6.4.10 Kemira

      11. 6.4.11 Occidental Petroleum Corporation

      12. 6.4.12 Olin Corporation

      13. 6.4.13 SABIC

      14. 6.4.14 Shin-Etsu Chemicals Co. Ltd

      15. 6.4.15 Solvay Chemicals

      16. 6.4.16 TCI Sanmar Group

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Plant Capacity Expansions and Joint Ventures in Emerging Markets

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