Caustic Soda Market - Growth, Trends, and Forecast (2019 – 2024)

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.

Market Snapshot

CAGR-caustic sod
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The market for caustic soda is anticipated to register a CAGR of 5.85% during the forecast period 2019-2024. One of the major factors driving the growth of the market is the rising demand for alumina in the automotive industry.

  • The increased use of aluminum in automobiles is also expected to increase the consumption of caustic soda, to extract aluminum from its ores, thereby augmenting the growth of the market.
  • Methods to reduce consumption using oxygen reduction electrodes in place of the traditional ones are in the research phase. This swap in electrodes is expected to save energy by roughly 30%-35%, which is 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
Other Production Processes
Application
Pulp & Paper
Organic Chemical
Inorganic Chemical
Soap & Detergent
Alumina
Water Treatment
Textile
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & 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 ableaching 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 2017.
  • 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.
Segmentation (ne

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Asia-Pacific to Dominate the Market

In Asia-Pacific, China is the largest economy, in terms of GDP. The annual growth rate of Chinese GDP was 6.6% in 2018, and it is further expected to increase by 6.3% in 2019. 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. China 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.

Regional (new format)

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Competitive Landscape

The caustic soda market is fragmented. In terms of market share, few of the major players currently dominate the market. Key players in the market include Akzo Nobel NV, Arkema, Covestro AG, DowDuPont, Kemira, FMC, SABIC, and Solvay Chemicals, among others.

Major Players

  1. Olin Corporation
  2. Occidental Petroleum Corporation
  3. Westlake Chemical Corporation
  4. DowDuPont
  5. Formosa Plastics Corporation

* Complete list of players covered available in the table of contents below

Market concentra

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 Porters 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. 5. MARKET SEGMENTATION

    1. 5.1 Production Process

      1. 5.1.1 Membrane Cell

      2. 5.1.2 Diaphragm Cell

      3. 5.1.3 Other Production Processes

    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 Other Applications

    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

      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 & 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 and 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 DowDuPont

      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

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

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

**Subject to Availability

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