According to ChemAnalyst report, “Caustic Soda Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2035”, The Caustic Soda market is expected to witness considerable growth by reaching 68.76 million tonnes in 2035, at a healthy CAGR of 4.95% in the span of the next 10-15 years. Increasing demand for high-grade alumina from refractories and a steady rise in paper and pulp industry consumption are the key factors driving the demand for Caustic Soda. Caustic Soda is widely used in the textile industry for scouring, mercerization, and dyeing. Growth in export demand for textiles, coupled with increasing demand for paper and pulp, will also be one of the significant reasons for propelling demand for Caustic Soda in the forecasting period.
Caustic
Soda is a co-product of the chlor-alkali facilities. Liquid caustic soda is odourless
and colourless. Caustic soda reacts readily with metals such as aluminium,
magnesium, zinc, tin, chromium, bronze, brass, copper, and alloys containing
these metals. Galvanized (zinc-coated) materials and contact with acids,
halogenated organics, organic nitro compounds, and glycol should be avoided.
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Caustic
soda has many applications based primarily on its ability as a solid alkali to
react with many substances. It has a more substantial base and is a faster reactant
than other alkalis. Caustic soda can easily be transported and stored in the
liquid form. Also, it does not form carbon dioxide or other insoluble
carbonates. The most prominent uses for caustic
soda are pulp and paper manufacturing, alumina production, de-inking of
wastepaper, water treatment, and general chemistry. Caustic soda is a primary
feedstock in manufacturing a wide range of chemicals. It is used as an
intermediate and a reactant in processes that produce solvents, plastics,
synthetic fibres, bleach, adhesives, coatings, herbicides, dyes, inks, and
pharmaceuticals such as aspirin. It is also used in soap and detergent, oil and
gas, and textile industries, as well as to neutralize acidic waste streams and
scrub acidic components from off-gases. With all downstream applications,
appropriate registrations and approvals may be required.
Caustic
Soda Market is segmented based on grade, type end-use, sales channel, and
region. Industrial Grade, Pharmaceutical Grade, and Lab Reagent Grade are the
three primary grades of caustic soda sold globally. Industrial grade is the
highly concentrated form of caustic soda mainly utilized for laboratory
purposes and accounts for 77% of the total market as of 2021
Based on
end-uses, the Caustic Soda market is segregated into textile, alumina, pulp
& paper, soap & detergent, organic & inorganic chemical, and
others. The leading sector is the chemical consumption of caustic soda as a
reagent in laboratories. In the Chlor-alkali process, it reacts with protic
acid to produce sodium chloride (NaCl). It is used to prepare soda lime as
well. It is widely utilized for extracting aluminium from bauxite.
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Additionally,
the rising consumption of caustic as a cleaning agent and to produce washing
soda, soaps, rayon, paper, explosives, dyestuffs, and petroleum products will
most likely boost the overall demand in the forecasted period.
Based on
the type, the market is divided into caustic soda lye and caustic soda flakes.
The flakes market holds the largest market share among both. Caustic soda
flakes are a solid form of sodium hydroxide free from foreign matter, dirt, or
other visible impurities.
The product is widely used in textile, soaps
and detergent, pulp, paper, and alumina refineries. At the same time, Lye is
used for soap making, candle making, homemade biodiesel, frosting glass,
several foods, and chemistry experiments. In 2021, caustic flake holds around
70% of the total market.
Due to the unprecedented outbreak of COVID-19
in 2020, the Caustic Soda market showcased a downward trajectory around the
globe. Because of the worldwide lockdown enforced by the leading government
authorities impacted different industries, manufacturing facilities and
businesses across the globe. However, amidst the looming concern, demand from
the end-use agriculture sector remained firm during the covid times. After the
opening of the lockdown, the market growth observed an uptrend due to the
increased demand from the downstream industries.
Among
different regions, the Asia Pacific region accounts for the largest share in
the Caustic Soda market and is likely to maintain its dominance until the
forecast period. China, being one of the leading producers of Caustic Soda, is
likely to boost its manufacturing due to its increased demand for paper &
pulp, alumina the chemical industry for control acidity and remove heavy metals
from water across world,
Caustic
Soda Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand
& Supply, Application, End Use, Distribution Channel, Region, Competition,
Trade, Customer & Price Intelligence Market Analysis, 2015-2035”,
some of the major players operating in Caustic Soda market include Olin
Corporation., Formosa Plastics Corporation USA, Dow Chemical, westlake
Chemical, Covestro AG, Oxychem, Xinjiang Zhongtai Chemical Co., Ltd., INOVYN,
Shintech, Grasim Industries Limited, Tosoh Corporation, Kem One, Dongying
Jingling chemical.
“Rising
demand for the cleaning agents for domestic and commercial purposes, growing
aluminum extraction activities in the country coupled with and surging textile
industries are expected to boost the Caustic Soda market in the forecast period
until 2035. Consequently, increasing
consumption of caustic soda in paper & pulp industries to meet the demand
of the growing urban population is a key market driver of the global caustic
soda market & they are anticipated to fuel the growth in upcoming years “said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm promoting ChemAnalyst worldwide.
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