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
MARKET TRENDS & DRIVERS
FOCUS ON SELECT PLAYERS (Total 91 Featured)
For more information about this report visit https://www.researchandmarkets.com/r/p6bwc2
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240419160429/en/
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900