Liquid Caustic Soda Market Growth, Size, Trends, Revenue, Share, Competition and Future Outlook
Liquid Caustic Soda Market Size- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2023 | Report ID: CHEM2364 | Pages: 1 - 243 | Formats*: |
| Category : Chemical & Materials | |||
Liquid Caustic Soda Market Introduction and Overview
According to SPER Market Research, the Global Liquid Caustic Soda Market is estimated to reach USD 71.22 billion by 2033 with a CAGR of 3.35%.
The report includes an in-depth analysis of the Global Liquid Caustic Soda Market, including market size and trends, product mix, Applications, and supplier analysis. Sodium hydroxide, or caustic soda, is an inorganic material with the chemical formula NaOH. It is an extremely caustic base that might potentially cause serious chemical burns and break down proteins at room temperature. A common strong alkaline chemical made by electrolyzing brine is liquid caustic soda. Chemical fibers, paper and pulp, chemical agents, water and sewage, and food additives are only a few of the uses for it. NaOH, or liquid sodium hydroxide, is a chemical substance that resembles water and is also known as liquid caustic soda. When dissolved in water, it undergoes an endothermic reaction that creates heat, making it a potentially useful source of energy.
- January 2021: The Indian company Andhra Sugars has declared that it intends to expand from its current 500TPD capacity of producing caustic soda to 900TPD.
- January 2021: The Shin-Etsu Chemical Co. has declared its intention to boost its caustic soda production capacity by 390,000 m.t. annually. It was anticipated that the project will be completed by the end of 2023.
Market Opportunities and Challenges
The compound's adaptability is driving the global market for liquid caustic soda by expanding its application across a variety of end use sectors. For example, demand for aluminum is being driven by the booming building and construction industry in emerging economies, which is supporting the use of liquid caustic soda. Among other applications, liquid caustic soda is helpful in general chemistry, pulp and paper industry, and water management. The dynamics of the liquid caustic soda market are anticipated to be enhanced during the forecast period by the chemical industry's expanding R&D efforts. One of the main factors supporting the market's expansion is the increasing cooperation and agreements amongst large manufacturers to enhance their supply chain management and transportation.
However, there are a number of challenges facing the global liquid caustic soda market, such as shifting consumer preferences. Consumption of caustic soda is greatly impacted by the demand for downstream goods including textiles, paper & pulp, soaps, and detergents. Demand fluctuations for these products could result in unpredictable demand for caustic soda. A very caustic and sometimes deadly material, caustic soda can cause major burns and other damage. Specialized tools and personnel training are needed for the handling and transportation of the chemical in order to guarantee safety. Additionally, there are a number of competitively priced and functional substitutes for caustic soda, including other alkaline compounds.
Market Competitive Landscape
A thorough examination of the competitive environment in the worldwide liquid caustic soda market, looking at key competitors' market shares, capacity expansions, investments, mergers, and acquisitions some of the significant figures are: Aditya Birla Chemicals, Asahi Glass, ChemChina, Convestro, Formosa Plastics Corporation, Hanwha Chemical, OxyChem, Shin-Etsu Chemical, SP Chemical, Westlake.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Application, By End User |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Aditya Birla Chemicals, Asahi Glass, ChemChina, Convestro, Formosa Plastics Corporation, Hanwha Chemical, OxyChem, Shin-Etsu Chemical, SP Chemical, Westlake. |
COVID-19 Impact on Global Liquid Caustic Soda Market
The worldwide market for liquid caustic soda has been impacted by the COVID-19 pandemic in a number of ways. Caustic soda production has been hindered by output shutdowns, especially in nations with strict lockdown protocols. Caustic soda cost and supply have also been impacted by this. Further restricting supplies is the pandemic's impact on the availability of raw materials like sodium hydroxide and chlorine that are needed to produce caustic soda. The pandemic's effects on public health have caused a shift in the market for caustic soda, with a rise in the demand for disinfectants and other products that employ the substance for cleaning. In general, the COVID-19 pandemic has had a significant negative impact on supply and demand in the global liquid caustic soda market.
Key Target Audience:
- Inorganic Chemical Producers
- Pulp and Paper Manufacturers
- Water Treatment Plants
- Soap and Detergent Manufacturers
- Food and Beverage Industry
- Textile Industry
Our in-depth analysis of the Liquid Caustic Soda Market includes the following segments:
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- Global Liquid Caustic Soda Market Size (FY’2023-FY’2033)
- Overview of Global Liquid Caustic Soda Market
- Segmentation of Global Liquid Caustic Soda Market By Type (10%-35%, 35%-50%, Other)
- Segmentation of Global Liquid Caustic Soda Market By Application (Pulp & Paper, Textiles, Soaps & Detergents, Bleach Manufacturing, Petroleum Products, Aluminium Processing, Chemical Processing, Others)
- Segmentation of Global Liquid Caustic Soda Market By End User (Chemicals, Food & Beverage, Pharmaceuticals, Textiles, Water &Wastewater, Others)
- Statistical Snap of Global Liquid Caustic Soda Market
- Expansion Analysis of Global Liquid Caustic Soda Market
- Problems and Obstacles in Global Liquid Caustic Soda Market
- Competitive Landscape in the Global Liquid Caustic Soda Market
- Impact of COVID-19 and Demonetization on Global Liquid Caustic Soda Market
- Details on Current Investment in Global Liquid Caustic Soda Market
- Competitive Analysis of Global Liquid Caustic Soda Market
- Prominent Players in the Global Liquid Caustic Soda Market
- SWOT Analysis of Global Liquid Caustic Soda Market
- Global Liquid Caustic Soda Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Liquid Caustic Soda Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Liquid Caustic Soda Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Liquid Caustic Soda Market
7. Global Liquid Caustic Soda Market, By Type (USD Million) 2020-2033
7.1. Global Liquid Caustic Soda Market Size, Share and Forecast, By Type, 2020-20267.2. Global Liquid Caustic Soda Market Size, Share and Forecast, By Type, 2027-20337.3. 10%-35%7.4. 35%-50%7.5. Other solutions
8. Global Liquid Caustic Soda Market, By Application (USD Million) 2020-2033
8.1. Global Liquid Caustic Soda Market Size, Share and Forecast, By Application, 2020-20268.2. Global Liquid Caustic Soda Market Size, Share and Forecast, By Application, 2027-20338.3. Pulp & Paper8.4. Textiles8.5. Soap & Detergents8.6. Bleach Manufacturing8.7. Petroleum Products8.8. Aluminium Processing8.9. Chemical Processing8.10. Other
9. Global Liquid Caustic Soda Market, By End User (USD Million) 2020-2033
9.1. Global Liquid Caustic Soda Market Size, Share and Forecast, By End User, 2020-20269.2. Global Liquid Caustic Soda Market Size, Share and Forecast, By End User, 2027-20339.3. Chemicals9.4. Food & Beverages9.5. Pharmaceuticals9.6. Textiles9.7. Water & Wastewater9.8. Others
10. Global Liquid Caustic Soda Market Forecast, 2020-2033 (USD Million)
10.1. Global Liquid Caustic Soda Market Size and Market Share
11. Global Liquid Caustic Soda Market, By Region, 2020-2033 (USD Million)
11.1. Global Liquid Caustic Soda Market Size and Market Share By Region (2020-2026)11.2. Global Liquid Caustic Soda Market Size and Market Share By Region (2027-2033)11.3. Asia-Pacific11.3.1. Australia11.3.2. China11.3.3. India11.3.4. Japan11.3.5. South Korea11.3.6. Rest of Asia-Pacific11.4. Europe11.4.1. France11.4.2. Germany11.4.3. Italy11.4.4. Spain11.4.5. United Kingdom11.4.6. Rest of Europe11.5. Middle East and Africa11.5.1. Kingdom of Saudi Arabia11.5.2. United Arab Emirates11.5.3. Qatar11.5.4. South Africa11.5.5. Egypt11.5.6. Morocco11.5.7. Nigeria11.5.8. Rest of Middle-East and Africa11.6. North America11.6.1. Canada11.6.2. Mexico11.6.3. United States11.7. Latin America11.7.1. Argentina11.7.2. Brazil11.7.3. Rest of Latin America
12. Company Profile
12.1. Aditya Birla Chemicals12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Asahi Glass12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. ChemChina12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Convestro12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Formosa Plastics Corporation12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Hanwha Chemical12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. OxyChem12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Shin-Etsu Chemical12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. SP Chemical12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Westlake12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Fluctuations in demand for these items might lead to erratic demand for caustic soda. Caustic soda production requires a lot of energy and can result in a lot of greenhouse gas emissions, which contribute to climate change.
Liquid Caustic Soda Market is projected to reach USD 71.22 billion by 2033, growing at a CAGR of 3.35% during the forecast period.
Liquid Caustic Soda Market grew in market size from 2022. The Market is expected to reach USD 71.22 billion by 2033, at a CAGR of 3.35% during the forecast period.
Liquid Caustic Soda Market CAGR of 3.35% during the forecast period.
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Liquid Caustic Soda Market size is USD 71.22 billion from 2023 to 2033.
Liquid Caustic Soda Market Segment is covered By Type, By Application, By End User.
The North America region is anticipated to have the highest market share in the Liquid Caustic Soda Market.
The key players in the market include Companies Covered Aditya Birla Chemicals, Asahi Glass, ChemChina, Convestro, Formosa Plastics Corporation, Hanwha Chemical, OxyChem, Shin-Etsu Chemical, SP Chemical, Westlake.
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