Market Size of Europe Caustic Soda Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Caustic Soda Europe Market Analysis
The Europe Caustic Soda Market is estimated to reach over 9,630 Kilotons by the end of this year and is projected to register a CAGR of over 4.5% during the forecast period.
The market was/is negatively impacted due to the COVID-19 pandemic in the region, including decreased demand and productivity, supply chain disruptions, and regional lockdowns; however, the market showed significant growth in 2021 and continued to grow in 2022.
- Over the medium term, the major factor driving the market studied is increasing usage in alumina production and the growing use of soap and detergents.
- On the flip side, health hazards and stringent regulations related to caustic soda is the key factor anticipated to restrain the growth of the target industry over the forecast period.
- Germany is likely to represent the largest market over the forecast period due to the increasing consumption of organic chemicals, inorganic chemicals, and pulp and paper segments.
