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

The sodium hydroxide market is estimated to be valued at USD 5.38 Bn in 2024 and, growing at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.Sodium hydroxide, also known as caustic soda, is an inorganic compound with wide applications across various end-use industries. It is widely used in paper, textile, soap and detergent manufacturing, petroleum products, and chemical processing. Sodium hydroxide is an alkaline metallic compound produced either from the electrolysis of brine or from the reaction of an alkali metal with water. It has strong alkaline properties and helps lower the pH of water. The compound is highly corrosive and can be dangerous if mishandled. However, it forms the backbone of many industrial and consumer products due its unique chemical and physical properties. The rising demand from key end-use industries is expected to drive growth in the sodium hydroxide market over the forecast period.

 Market Dynamics:

The global sodium hydroxide market is expected to be driven by the increasing demand from key end-use industries such as paper and pulp, textile, chemical processing, petroleum products, soap, and detergents. Sodium hydroxide plays a vital role in the manufacturing process of these industries. Growth in the paper industry on account of the rising packaging demand from the food and pharmaceutical industries will continue to augment the market growth. However, threat of substitutes and volatile raw material prices may hamper market revenues. Adoption of sodium hydroxide in wastewater treatment applications and surging demand for cleaners and detergents from consumers present significant opportunities for market players.

 Key Features of the Study:

• This report provides an in-depth analysis of the global sodium hydroxide market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global sodium hydroxide market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Dow, DuPont,, Sanmar Group, Gujarat Alkalies and Chemicals Limited, Bayer AG, GACL Ltd., Aditya Birla Chemicals, BSC Chemicals, Tokuyama Corporation., Covestro, BASF, Olin Corporation, Westlake Corporation, Occidental Petroleum Corporation, Xinjiang Zhongtai Chemical Co. Ltd, Akzo Nobel N.V, Brenntag North America, Inc, Vizag chemical, Astrra Chemicals, Vinayak Chemicals, and Ottokemi.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global sodium hydroxide market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sodium hydroxide market.

Market Segmentation

• By Grade:
  • Solid
  • 50% Aqueous Solution
  • Others
• By Production Process:
  • Membrane Cell
  • Diaphragm Cell
  • Others
• By Application:
  • Biodiesel
  • Alumina
  • Inorganic Chemicals
  • Organic Chemicals
  • Food
  • Pulp & Paper
  • Soap & Detergent
  • Textiles
  • Others (Water Treatment, etc.)
• By Regional:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Dow
  • DuPont,
  • Sanmar Group
  • Gujarat Alkalies and Chemicals Limited
  • Bayer AG, GACL Ltd.
  • Aditya Birla Chemicals
  • BSC Chemicals
  • Tokuyama Corporation.
  • Covestro
  • BASF
  • Olin Corporation
  • Westlake Corporation
  • Occidental Petroleum Corporation
  • Xinjiang Zhongtai Chemical Co. Ltd
  • Akzo Nobel N.V
  • Brenntag North America, Inc
  • Vizag chemical
  • Astrra Chemicals
  • Vinayak Chemicals
  • Ottokemi