Caustic Soda Market: Analysis of Major Players and Competitive Strategies
The global caustic soda market size was estimated at USD 47.4 billion in 2024 and is projected to reach USD 71.0 billion by 2033, growing at a CAGR of 4.7% from 2025 to 2033. This growth is primarily driven by the increasing demand for aluminum, particularly in the automotive and aerospace industries. The production of aluminum requires substantial amounts of caustic soda to extract alumina from bauxite ore. As industries strive to create lighter and more fuel-efficient vehicles and aircraft, the demand for aluminum—and consequently for caustic soda—has surged. The aluminum industry’s reliance on caustic soda, especially in the Bayer process, significantly influences market demand for sodium hydroxide. This product is essential for efficiently extracting alumina from bauxite, ensuring consistent consumption across global aluminum operations. With a growing emphasis on safety, recycling, and sustainability, the demand for caustic soda remains strong, bolstered b...