Global Liquid Caustic Soda Market Report and Forecast 2024-2032

Global Liquid Caustic Soda Market Outlook

The global liquid caustic soda market size is expected to grow at a CAGR of 5.40% between 2024 and 2032. The market is being driven by the heightened demand for liquid caustic soda from the industrial sector.

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Key Trends in the Market

Liquid caustic soda is defined a strong, odourless, and colourless chemical compound belonging to the alkali group that is procured by electrolysing brine. A versatile product, liquid caustic soda has applications in various industrial and commercial sectors. Liquid caustic soda does not contain any volatile organic compounds (VOC), due to which it is considered safe for various applications.

• The global market for liquid caustic soda is being driven by the versatility of the compound which is escalating its application across various end use sectors. For instance, the thriving building and construction sector across the emerging economies is generating a demand for aluminium which is in turn bolstering the application of liquid caustic soda.

• Liquid caustic soda performs useful functions in water management, general chemistry, and pulp and paper manufacturing, among others. Over the forecast period, the growing research and development activities in the chemical sector are expected to augment the liquid caustic soda market dynamics.

• The growing collaborations and agreements between major manufacturers to improve their transportation and supply chain management are the key trends aiding the market growth.

Market Analysis

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Based on application, the market can be segmented into pulp and paper, textiles, soap and detergent, bleach manufacturing, petroleum products, aluminium processing, and chemical processing, among others. The regional markets for liquid caustic soda can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.  

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global liquid caustic soda market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

• Asahimas Chemical Company

• Westlake Corporation

• Univar Solutions Inc.

• Hawkins

• OxyChem

• Infinity Galaxy

• RX Chemicals

• Others

Market Share by Application

The aluminium processing segment held a significant share in the liquid caustic soda market based on application. Liquid caustic soda helps in the dissolving process of bauxite ore which is, in turn, used as a raw material for aluminium production. The heightened demand for aluminium for structural construction in various sectors such as automotive, building and construction, and military and defence, among others, is propelling the application of liquid caustic soda in aluminium production plants. Meanwhile, the pulp and paper segment is expected to witness growth in the forecast period, owing to the thriving packaging and décor sectors. In this regard, liquid caustic soda is likely to witness increasing demand from major paper production plants to meet the growing requirement for paper. 

Market Share by Region

Based on region, North America holds a decent share in the liquid caustic soda market. The market growth in this region is being driven by the presence of large caustic soda producing plants across augmented economies such as the United States. In addition, companies in this region are expanding their product transportation capacities which will cater to the demands of various end use sectors for liquid caustic soda. Meanwhile, the Asia Pacific is expected to offer lucrative opportunities to the market for liquid caustic soda because of the rapid advancements in the end use sectors owing to the growing urbanisation. 

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Competitive Landscape

Asahimas Chemical Company is a leading chemical manufacturer based in Indonesia. The company produces and supplies caustic soda as a raw material to various end use sectors such as plastics, pharmaceuticals, and adhesives, among others. Asahimas Chemical Company was established in the year 1986. Moreover, this company produces a variety of chemical products including chlorine, sodium hypochlorite, and polyvinyl chloride, among others.  

Westlake Corporation is a leading petrochemical manufacturing company which was founded in the year 1986 and is currently headquartered in Texas, United States. It is one of the largest producers of caustic soda which caters to the demands of soap, detergent, and textile producing companies. The company also provides vital solutions for industries such as healthcare, automotive, and construction, etc. 

Univar Solutions Inc. is a renowned distributor of chemical ingredients, along with related products and services. The company produces and supplies liquid and technical grade caustic soda to cater to the demands of various industries. Univar Solutions Inc. was founded in the year 1924 and is currently headquartered in Washington, United States. 

Other market players include Hawkins, OxyChem, Infinity Galaxy, and RX Chemicals, among others.

Key Highlights of the Report