Dublin, April 16, 2024 (GLOBE NEWSWIRE) -- The "Caustic Soda - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Caustic Soda Market to Reach $67.5 Billion by 2030
The global market for Caustic Soda estimated at US$50.2 Billion in the year 2023, is projected to reach a revised size of US$67.5 Billion by 2030, growing at a CAGR of 3.8% over the analysis period 2023-2030.
Despite growth prospects, there are deterrents, though alumina's role as a major contributor to growth and the surge in demand from the soaps and detergents industry are notable. Recent market activity underscores the dynamic nature of this market, indicating ongoing developments and strategic initiatives by industry players.
Organic Chemicals, one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$23.4 Billion by the end of the analysis period. Growth in the Inorganic Chemicals segment is estimated at 3.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $8.7 Billion, While China is Forecast to Grow at 4.6% CAGR
The global caustic soda market is experiencing significant growth, with Asia-Pacific emerging as a dominant force in this sector. Market analysis reveals key competitors' market share percentages in 2023 and their competitive presence categorized as strong, active, niche, or trivial.
The Caustic Soda market in the U.S. is estimated at US$8.7 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$24.5 Billion by the year 2030 trailing a CAGR of 4.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 2.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 375 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $50.2 Billion |
| Forecasted Market Value (USD) by 2030 | $67.5 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
MARKET OVERVIEW
- Caustic Soda- A Prelude
- Competitive Landscape
- Caustic Soda - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Global Market Prospects and Outlook
- Global Caustic Soda Market Poised to Witness Rapid Growth
- Growth Deterrents
- Asia-Pacific Dominates the Global Caustic Soda Market
- Alumina - A Major Growth Contributor
- Soaring Soaps and Detergents Sales Surge Demand for Caustic Soda
- Recent Market Activity
- WORLD BRANDS
MARKET TRENDS & DRIVERS
- Paper & Pulp Remains One of the Major End-Use Markets for Caustic Soda
- Despite Digitalization and the Global Exodus towards a Paperless World, Paper Production Continue to Grow
- Global Production Capacity of Paper and Paperboard in Million Metric Tons: 2019-2025
- Growing Importance of Packaging in Today's Competitive Marketplace and Ensuing Demand for Packaging Materials Boosts Growth Prospects
- Global Packaging Market (in US$ Billion) for the Years 2019, 2021, 2023 & 2025
- E-Commerce Leads to Boom in Paper Packaging
- Global e-Commerce Market Growth Outlook (In %) For Years 2019 Through 2025
- Global B2C E-Commerce Sales in US$ Trillion for the Years 2019, 2020, 2021, 2022, 2023, 2024, and 2025
- Rising Alumina Demand from Automotive Sector Bodes Well for Market Growth
- Shift towards Lightweight Vehicles Bodes Well for Caustic Soda Market
- Growing Demand for Clean Water and Widening Gap between Safe and Reliable Water Supply Drives the Need for Water Reuse
- Global Water Consumption by End-Use Sector (in %)
- Looming Water Crisis and Need for Clean Water : A Global Perspective
- Global Distribution of Fresh Water Reserves by Source
- World Water Resources: Percentage Breakdown by Water Quality
- Global Groundwater Resources by Region (In Cubic Kilometers)
- Growing Demand for Caustic Soda in the Textile Industry
- Global Textiles Market by End-Use Application (2022): Percentage Breakdown of Volume Sales for Apparel, Home Textiles, Nonwovens and Technical Textiles
- Expanding Detergents Industry Provides Growth Opportunities for Caustic Soda Market
- Global Laundry Detergents Market Size (in $ Billion) for the Years 2020, 2022, 2024 and 2026
- Household Cleaners Market Witnesses Steady Growth, Spurring the Market for Caustic Soda
- Pharma Industry to Generate Strong Demand
- Global Pharmaceuticals Market in US$ Billion: 2017-2025
FOCUS ON SELECT PLAYERS(Total 91 Featured)
- Aditya Birla Chemicals (India) Limited
- AGC Chemicals
- Arkema S.A.
- BASF SE
- Brenntag North America, Inc.
- Covestro AG
- Dow Chemical Company
- Formosa Plastics Corporation
- Gujarat Alkalies and Chemical Limited
- Hanwha Chemical Corporation
- INEOS Group (UK)
- Kaneka Corporation
- Kanto Denka Kogyo Co., Ltd.
- Kureha Corporation
- Occidental Petroleum Corporation
- Olin Corporation
- Solvay SA
- Tata Chemicals Limited
- Toagosei Co., Ltd.
- Westlake Chemical Corporation
- Xinjiang Zhongtai Chemical Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/qroa89
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