The global caustic soda capacity is poised to see considerable growth over the next five years, potentially increasing from 97.05Mtpa in 2019 to 102.30Mtpa in 2024, registering total growth of 5%.

GlobalData’s latest report, ‘Global Caustic Soda Industry Outlook to 2024 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’ states that around 43 planned and announced plants are slated to come online primarily in Asia and North America.

Within Asia, India has 13 planned and announced caustic soda plants, with a total capacity of about 2.41Mtpa by 2024. The country is expected to spend a capital expenditure (capex) of $1.26bn. Major capacity additions will be from Lords Chloro Alkali Ltd.

In North America, the US leads with planned capacity additions of about 0.66Mtpa by 2024. The country is expected to spend a total of $0.18bn by 2024. Shin-Etsu Chemical Co Ltd is the only company accounting for the entire capacity additions in the US.

Europe has seven planned and announced plants, of which Spain leads with two caustic soda plants and total capacity of 0.22Mtpa by 2024. The capex for the plants is $0.08bn by 2024.

Lords Chloro Alkali Ltd, Shin-Etsu Chemical Co Ltd and Tianjin Bohai Chemical Industry Co Ltd are the top three companies by planned capacity additions globally over the upcoming years.