Caustic Soda Market Size

Statistics for the 2023 & 2024 Caustic Soda market size, created by Mordor Intelligence™ Industry Reports. Caustic Soda size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Caustic Soda Industry

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Caustic Soda Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR (2024 - 2029) > 5.50 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Caustic Soda Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Caustic Soda Market Analysis

The Caustic Soda Market is expected to register a CAGR of greater than 5.5% during the forecast period.

The market was negatively impacted by the COVID-19 pandemic in 2020. The coronavirus's impact on demand for chlorine derivatives has squeezed the supply of caustic soda, a by-product of chlorine production. However, the rising prevention due to the spread of COVID-19 increased the demand for soaps, which further propelled the demand for caustic soda, thereby driving the industry's growth.

  • Over the short term, one of the major factors driving the growth of the market is the rising demand for alumina in the transport sector and the growing demand for soap and detergent. It is expected that 25% of the aluminum used in transportation will be used in commercial transportation by road and rail.
  • Energy-intensive production processes and major environmental concerns are likely to hinder market growth.
  • Surging demand for caustic soda in the water treatment industry is expected to offer new growth opportunities for the industry.

Asia-Pacific was the leader in the global caustic soda market because of the high demand for making alumina.

Caustic Soda Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)