Sodium hydroxide is also known as caustic soda, caustic, and lye. Anhydrous (100%, solid) caustic soda has a chemical formula of NaOH and a molecular weight of 40.00.
It is available commercially in the form of liquid, solid, flakes, or particles. Sodium hydroxide has diverse industrial applications due to its strong alkaline nature. It is integral to the manufacture of petroleum products, pulp and paper, alumina, textiles, and soaps and detergents, along with its application in chemical processing, water treatment and petroleum processing.
For commercial purposes, caustic soda is used either in a 32%, 45% of 50% etc. aqueous solution or as a solid. Industrially, caustic soda is most commonly manufactured by the electrolysis of a sodium chloride (NaCl) solution. The co-products formed from the electrolytic production of caustic soda are chlorine and hydrogen.
According to the new market research report “Caustic Soda - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Caustic Soda market size is projected to reach USD 47.55 billion by 2030, at a CAGR of 6.8% during the forecast period.
- Global Caustic Soda MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Caustic Soda - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Caustic Soda Top10 Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Caustic Soda - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Caustic Soda include Olin Corporation, Westlake, OxyChem, Dow, Asahi Glass, INEOS Chemicals, Shin-Etsu Chemical, ChemChina, Xinjiang Zhongtai Chemical, Tosoh, etc. In 2023, the global top five players had a share approximately 23.0% in terms of revenue.
- Caustic Soda,Global Market Size, Split by Product Segment
Source: QYResearch, "Caustic Soda - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Liquid Caustic Soda is the largest segment, hold a share of 64.2%.
- Caustic Soda,Global Market Size, Split by ApplicationSegment
Source: QYResearch, "Caustic Soda - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, currently Aluminum Production is the largest segment, hold a share of 23.8%.
- Caustic Soda,Global Market Size, Split by Region
Source: QYResearch, "Caustic Soda - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
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