Caustic Soda in Aqueous Solution Market

Caustic soda in aqueous solution market: enjoy recently published statistics empowered by an Ai-driven business intelligence platform. Datasets cover exports, market prices, consumption, companies, trade, production, imports, and market size. Here is a breakdown by region, including the U.S., Russia, EU, the Middle East, Africa, the U.K., Latin America, and China. Market dynamics and forecast to 2030 are also featured in the snapshots.

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Caustic Soda in Aqueous Solution - World's Largest Markets

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by India.

From 2019 to 2021, the average annual growth rate of value in China stood at -2.1%. In the other countries, the average annual rates were as follows: the United States (+2.4% per year) and India (-1.2% per year).

Caustic Soda in Aqueous Solution (Soda Lye) Prices

Caustic Soda in Aqueous Solution (Soda Lye) - Top Importers

In value terms, Australia ($532M), Brazil ($458M) and the United States ($230M) constituted the countries with the highest levels of imports in 2021, together comprising 31% of global imports. The Netherlands, Finland, Sweden, France, Italy, Spain, Belgium, Germany, Jamaica and Turkey lagged somewhat behind, together comprising a further 33%.

In terms of the main importing countries, Finland saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Caustic Soda in Aqueous Solution (Soda Lye) - Top Exporters

In value terms, the United States ($1.1B) remains the largest caustic soda in aqueous solution (soda lye) supplier worldwide, comprising 29% of global exports. The second position in the ranking was occupied by Japan ($332M), with a 8.7% share of global exports. It was followed by Germany, with a 8.4% share.

In the United States, exports of caustic soda in aqueous solution (soda lye) shrank by an average annual rate of -4.3% over the period from 2019-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+29.3% per year) and Germany (-29.3% per year).

Caustic Soda in Aqueous Solution (Soda Lye) - Market Forecast

Driven by rising demand for caustic soda in aqueous solution (soda lye) worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Caustic Soda in Aqueous Solution (Soda Lye) - Top Companies

WESFARMERS CHEMICALS, ENERGY & FERTILISERS LIMITED, Solvay SA, Hanwha Chemical Corporation, Hubei Biocause Pharmaceutical Co., Ltd., E A JUFFALI & BROTHERS CO.,LTD, Xinjiang Zhongtai Chemical Co., Ltd., Olin Corporation, Celanese Corporation, TOTAL PETROCHEMICALS FRANCE, North Huajin Chemicals Industries Group Co., Ltd., Rohm and Haas Company, VERSALIS SPA, Avantor, Inc., Icl-Ip America Inc., LANXESS Deutschland GmbH, Israni Colour Chemicals Llc, Beijing Sanju Environmental Protection & New Materials Co., Ltd., Axiall Corporation, ARKEMA FRANCE, Tangshan Sanyou Chemical Industries Co., Ltd.

Caustic Soda in Aqueous Solution - Product Coverage

• HS 281512 - Sodium hydroxide (caustic soda); in aqueous solution (soda lye or liquid soda)