SODIUM HYDROXIDE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Sodium Hydroxide Market, By Grade (Solid, 50% Aqueous Solution, and Others), By Production Process (Membrane Cell, Diaphragm Cell, and Others), By Application (Biodiesel, Alumina, Inorganic Chemicals, Organic Chemicals, Food, Pulp & Paper, Soap & Detergent, Textiles, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024
Code : CMI6729
Pages :140
Formats :
Excel and PDF
Industry : Advanced Materials

Market Concentration and Competitive Landscape

Sodium Hydroxide Market Concentration By Players

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Infrastructure development boosts need for aluminum production

Accelerating the sodium hydroxide market is the aluminum industry. Sodium hydroxide acts as an essential feedstock material that is used widely in the electrolytic production of primary aluminum. It enhances the conductivity of alumina and allows the metal to be readily dissolved out of the smelting pot. With infrastructure development activities picking up pace globally, fueled by post-pandemic economic recovery programs of various nations, the aluminum demand is surging significantly. Aluminum finds multifold applications as a lightweight, corrosion-resistant, and sustainable construction material used in buildings, vehicles, equipment, and machinery. The boom in residential and commercial construction due to rapid urbanization is propelling aluminum extrusion needs. At the same time, investments in modernizing national infrastructure through projects focused on roadways, railways, urban mass transit, and power grids involve the substantial use of aluminum. Even the renewable energy sector is relying more on aluminum for setting up wind and solar farms.

Key Players Insights