Caustic Soda Procurement Intelligence
The caustic soda category is anticipated to grow at a CAGR of 5.1% from 2023 to 2030. In 2022, the category size was estimated to be valued at USD 40.6 billion with the Asia-Pacific region's dominance as a result of a rise in raw material industrial demand for textiles, paper, and other materials as well as manufacturing hubs. The category is escalated globally, owing prominently to its intense abilities and importance across both the residential sector industries. It is a versatile compound that finds numerous applications across different industries from primary usage in detergents, packaging, and treatment to food, chemical, and automobile. Another factor fueling the category growth is its use in processes such as, making drugs and bauxite purification. Being a primary product for many industries, demand for it remains high, whether it is for parts of EV in cars or the water treatment business. The category is also widely utilized in the extraction of bauxite, and demand for it will rise parallelly as the region's production of aluminum rises.
Order your copy of the Caustic Soda category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Caustic Soda Procurement Intelligence Report Scope
The Caustic Soda category is expected to have pricing growth outlook of 2% - 3% from 2023 to 2030, with below pricing models.
- Spot pricing
- Production and processing pricing
- Quality standards pricing
- Competition based pricing
Supplier Selection Scope of Report
- Cost and pricing
- Past engagements
- Production capacity
- Supply chain and Logistics
Supplier selection criteria of Report
- Quality standards
- production capacity
- pricing
- supply chain transparency
- transportation and handling
- technical specifications
- operational capabilities
- regulatory standards and mandates
- category innovations
- others
Caustic Soda Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
- Market Intelligence along with emerging technology and regulatory landscape
- Market estimates and forecasts from 2022 to 2030
- Growth opportunities, trends, and driver analysis
- Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
- Porter’s 5 forces
- Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
- Engagement and operating models, KPI, and SLA elements
- LCC/BCC analysis and negotiation strategies
- Peer benchmarking and product analysis
- Market report in PDF, Excel, and PPT and online dashboard versions
Caustic Soda Procurement Cost and Supplier Intelligence
Approximately 99.5% of caustic soda consumed worldwide is produced through the conventional chlor-alkali process. Raw materials, production volume, machinery, etc. are the cost components of the category. Energy usage also accounts for a sizable amount of variable costs. Prices for caustic soda increased globally, averaging USD 769/MT in the first quarter of 2023 compared to last year’s average USD 719/MT due to factors such as supply chain disruption and rising energy costs. Sales of caustic soda increased by 17% in Q1FY23 to 278,000 tonnes, with a utilization rate of 89%. Following Russia's invasion of Ukraine, China took over the role of Russia and Ukraine as suppliers of chlor-alkali products to Europe, which resulted in shortages in the Asian domestic market and an increase in local pricing. Due to the oversaturation of the market in Europe brought on by cheap imports from China, the prices remained lower in the region.
The category can be sourced from various methods, primarily through the domestic market. Due to the simple accessibility of production's raw materials, many nations have domestic manufacturing facilities. It provides advantages like lower shipping costs, shorter lead times, and support for the local economy. As per the industry specification quality testing should be done to meet standards and requirements. Suppliers that demonstrate sustainable practices is another factor influencing sourcing intelligence.
List of Key Suppliers
- Dow Chemical Company
- PPG Industries
- Hanwha Chemical Corporation
- INEOS Group
- Solvay SA
- BASF SE
- FMC Corporation
- Occidental Petroleum Corporation
- Formosa Plastics Group
- Tosoh Corporation
Add-on Services provided by Grand View Research Pipeline:
- Should Cost Analysis
Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
- Rate Benchmarking
Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
- Salary Benchmarking
Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
- Supplier Newsletter
A typical newsletter study by capturing latest information for specific suppliers related to: MAs, technological innovations, expansion, litigations, bankruptcy etc.
Browse through Grand View Research’s collection of procurement intelligence studies:
Enzymes Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement Operating Model, Competitive Landscape)
Cold Chain Logistics Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement Operating Model, Competitive Landscape)
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
