Caustic Soda Market: Industry Size, Share, Trends, Upcoming Demand, Business Opportunities, Forecast 2030
Caustic Soda Market : Overview Caustic Soda Market is projected to be worth USD 69.27 billion by 2030, registering a CAGR of 6.12% during the forecast period (2021 – 2030)., The market was valued at USD 44.51 billion in 2021.Caustic Soda is used mainly for building blocks in industrial processes. As it contains the NaOH formula, it is highly corrosive in both liquid and solid forms. In contact with skin, it can cause skin rashes as well. The escalation in chlorine production is raising the supply of caustic soda, which is in high demand globally. Reports that review the basic chemicals industry have been offered by Market Research Future, which generates reports on industry verticals that evaluate the market development and opportunities. The surge in the development of the alumina industry is motivating the caustic soda market . Also, the escalated demand for aluminum in the transportation sector is expected to encourage the expansion of the caustic soda market in th...