Global Caustic Soda Industry Research 2024: Market to Reach $67.5 Billion by 2030 - Household Cleaners Market Witnesses Steady Growth, Pharma Industry to Generate Strong Demand [Yahoo! Fin...
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Source: Yahoo! Finance
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 sign
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