Sodium Hydroxide Market Share, Demand, Growth, Challenges and Future Trends 2032
Sodium Hydroxide Market Size- By Grade, By Production Process, By Application, By Product Type, By Packaging Type- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032
| Published: Dec-2022 | Report ID: CHEM2220 | Pages: 1 - 249 | Formats*: |
| Category : Chemical & Materials | |||
Global Sodium Hydroxide Market Overview:
According to SPER Market Research, the Global Sodium Hydroxide Market is estimated to reach USD 77.78 billion by 2032 with a CAGR of 4.6%.
One of the key elements driving up demand for paints and coatings is the global growth in the building sector, which includes both residential and non-residential infrastructure. The construction and automotive sectors' use of paints and coatings is what drives the titanium dioxide industry, which is expected to have a beneficial effect on the sodium hydroxide market. An energy-intensive method that makes use of a sizable amount of caustic soda as the dissolving agent refines aluminium from raw bauxite ore. Because it is affordable and widely accessible, caustic soda is utilised. The three main end-use sectors for aluminium are transportation, containers, and packaging. Aluminium is used to create frames for doors and windows, stairs, heating systems, roofing, furniture, and other items in the building and construction sector. Along with other things, it is employed in the construction of buildings, bridges, and roads. As it is prone to moist deposition and easily interacts with other compounds, sodium hydroxide exposed to the atmosphere might be extremely harmful. It may easily react with airborne water vapour to form an aerosol or mist that is extremely corrosive. When inhaled, concentrated aerosol components (such as silica, asbestos, and others) can cause serious upper respiratory tract irritation and a range of illnesses, including silicosis and black lung. Since there is a hydroxide anion present in its composition, sodium hydroxide has a very strong base. If this were to be dumped in the water, it would be regarded as contamination. The main impact of sodium hydroxide would be to increase the pH of the water. The ocean will manufacture carbonic acid if it becomes too basic, which will release additional hydrogen ions and make the ocean even more acidic. Clams, mussels, and other marine species will create weaker shells as the ocean's acidity level rises, and they won't survive. Coral will also be impacted by calcium carbonate-based skeletons. Since coral provides oxygen and food to marine life, they are essential to the ecosystem. Plastics, aluminium, and other materials are increasingly needed for diverse uses in these industries due to rising demand from the packaging, building & construction, consumer goods, and automotive sectors in these nations.
Over the next five years, the sodium hydroxide market is anticipated to be driven by rising economies including China, India, South Korea, Indonesia, Thailand, Taiwan, Mexico, Brazil, and Argentina as their industrialisation continues to rise. Recently, the worldwide market for chemicals has experienced some brisk growth. Similar robust growth is anticipated over the projection period. Positive developments in the global chemicals industry give the firm, which makes and sells a variety of chemicals and has clients all over the world, the growth potential for the sodium hydroxide market. Solid sodium is extremely corrosive. Any point of contact with the body that is affected by its reaction to greases and fats might sustain permanent harm (for example skin or eyes). Solutions of sodium hydroxide in water can be corrosive, irritant, or non-irritant depending on the concentration, and they can have immediate local effects when they come into contact with the body. It is quite corrosive to use sodium hydroxide. As it dissolves, it may react with moisture in the air and produce heat. If it is near combustible objects, this heat can be sufficient to start a fire. According to grade, the 50% W/W Solution market for sodium hydroxide is anticipated to be the biggest and expand at the quickest rate during the projected period. The creation of soap and detergents, as well as the chemical, pharmaceutical, textile, pulp & paper, metal, and food sectors, employ sodium hydroxide 50% w/w aqueous solution as a chemical reactant or neutralising agent.
Additionally, it is employed in the production of food items as well as synthetic materials like rayon. In the production of bioethanol and biodiesel, it is used to alter pH and to create sodium methylate in situ. Most often, membrane-grade sodium hydroxide generated by the membrane cell method is mentioned. Additionally, it has gained recognition as a rayon-grade product in all fields other than the manufacturing of rayon fabric. Compared to the diaphragm and mercury cell processes, the membrane cell process has a comparatively lower environmental effect. Due to the manufacture of high-quality caustic soda, safe raw materials, and low electricity usage, businesses are converting to membrane cell technology. The increase in manufacturing capabilities has a direct impact on the sodium hydroxide market's growth. Throughout the projected period, rising demand from the pulp & paper and textile sectors is anticipated to fuel market expansion.
Impact of COVID-19 on the Global Sodium Hydroxide Market
Despite the COVID-19 outbreak's effects, sodium hydroxide sales were predicted to slightly grow. Numerous sectors have been damaged by the COVID-19 epidemic. Shortly, sodium hydroxide demand for use in water treatment applications has increased globally. The crisis has had a minor influence on the sodium hydroxide market. But in terms of long-term growth prospects, the market has recently shown signs of recovery and is anticipated to return to its pre-pandemic levels, driven by a rebound in end users.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Grade, By Production Process, By Application, By Product Type, By Packaging Type |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | Aditya Birla Chemicals, Akzo Nobel N.V, Axiall LLC, BASF SE, Bayer AG, Brenntag North America, Inc., BSC Chemicals, Chemical Store Inc., Ciech S.A., CJ Chemicals, Covestro AG, Dow Chemical Company, FMC Corporation, Formosa Plastics Corp., GFS Chemicals,Inc., GJ Chemical, Gujarat Alkalies and Chemicals Limited, Hanwha Chemical Corporation, INEOS Newton Aycliffe Ltd., Kemira Chemicals, Inc., LG CHEM, LTD., Occidental Chemical Corporation., Olin Corporation, PPG Industries, ProChem, Inc., Sanmar Group, Saudi Arabia Basic Industries Corporation, Shandong Haihua Group Co.,Ltd., Shin-Etsu Chemical Co Ltd, Sigma Aldrich, Solvay SA, Tata Chemicals Limited Westlake Corporation, Tokuyama Corporation, Tosoh Corporation, Vynova Group, Westlake Chemical Corporation, Xinjiang Zhongtai Chemical Co. Ltd. |
Global Sodium Hydroxide Market Segmentation:
By Grade: Based on the Grade, Global Sodium Hydroxide Market is segmented as; Solid,
50% Aqueous Solution, ACS Grade, Rayon Grade, Food Grade, Laboratory Grade, Industrial Grade, Pharmaceutical Grade & Others.
By Production Process: Based on the Production Process, Global Sodium Hydroxide Market is segmented as; Membrane Cell, Diaphragm Cell, Mercury Cell, Lime Soda Process & Others.
By Application: Based on the Application, Global Sodium Hydroxide Market is segmented as; Biodiesel, Alumina, Inorganic Chemicals, Organic Chemicals, Food, Pulp & Paper, Soap & Detergent, Textiles, Water Treatment, Dyes & Inks, Pesticides, Pharmaceuticals, Petrochemicals, Power & Steel, Food Processing, Cleaning Agent, Catalyst & Additive.
By Product Type: Based on the Product Type, Global Sodium Hydroxide Market is segmented as; Flakes, Caustic Lye & Particle.
By Region: After North America and Europe, Asia Pacific has the largest and fastest-growing market for sodium hydroxide. China, India, and Southeast Asia are predicted to see rapid growth in the Asia Pacific region throughout the projection period. Rapid industrialisation, increased demand from diverse applications, and rising government investment are driving the market expansion in the area. By establishing manufacturing facilities, distribution centres, and research & development centres, several businesses are concentrating on these rising areas and expanding their footprints.
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Sodium Hydroxide Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Sodium Hydroxide Market, By Grade, 2019-2032 (USD Million)
6.1 Solid6.2 50% Aqueous Solution6.3 ACS Grade6.4 Rayon Grade6.5 Food Grade6.6 Laboratory Grade6.7 Industrial Grade6.8 Pharmaceutical Grade6.9 Others
7. Global Sodium Hydroxide Market, By Production Process, 2019-2032 (USD Million)
7.1 Membrane Cell7.2 Diaphragm Cell7.3 Mercury Cell7.4 Lime Soda Process7.5 Others
8. Global Sodium Hydroxide Market, By Application, 2019-2032 (USD Million)
8.1 Biodiesel8.2 Alumina8.3 Inorganic Chemicals8.4 Organic Chemicals8.5 Food8.6 Pulp & Paper8.7 Soap & Detergent8.8 Textiles8.9 Water Treatment8.10 Dyes & Inks8.11 Pesticides8.12 Pharmaceuticals8.13 Petrochemicals8.14 Power & Steel8.15 Food Processing8.16 Cleaning Agent8.17 Catalyst8.18 Additive
9. Global Sodium Hydroxide Market, By Product Type, 2019-2032 (USD Million)
9.1 Flakes9.2 Caustic Lye9.3 Particle
10. Global Sodium Hydroxide Market, By Packaging Type, 2019-2032 (USD Million)
10.1 High Density Polyethylene/Polypropylene Bags10.2 Plastic Bottles/Cans10.3 Plastic Drums10.4 Other
11. Global Sodium Hydroxide Market, By Region, 2019-2032 (USD Million)
11.1 North America
11.1.1. United States11.1.2. Canada11.1.3. Mexico
11.2 Europe
11.2.1. Germany11.2.2. United Kingdom11.2.3. France11.2.4. Italy11.2.5. Spain11.2.6. Rest of Europe
11.3 Asia-Pacific
11.3.1. China11.3.2. Japan11.3.3. India11.3.4. Australia11.3.5. South Korea11.3.6. Rest of Asia-Pacific
11.4 South America
11.4.1. Brazil11.4.2. Argentina11.4.3. Rest of South America
11.5 Middle East & Africa
11.5.1. Kingdom of Saudi Arabia11.5.2. United Arab Emirates11.5.3. Rest of Middle East & Africa
12. Company Profiles
12.1 Aditya Birla Chemicals
12.1.1 Company details12.1.2 Financial outlook12.1.3 Product summary12.1.4 Recent developments
12.2 Akzo Nobel N.V
12.2.1 Company details12.2.2 Financial outlook12.2.3 Product summary12.2.4 Recent developments
12.3 Axiall LLC
12.3.1 Company details12.3.2 Financial outlook12.3.3 Product summary12.3.4 Recent developments
12.4 BASF SE
12.4.1 Company details12.4.2 Financial outlook12.4.3 Product summary12.4.4 Recent developments
12.5 Bayer AG
12.5.1 Company details12.5.2 Financial outlook12.5.3 Product summary12.5.4 Recent developments
12.6 Brenntag North America, Inc.
12.6.1 Company details12.6.2 Financial outlook12.6.3 Product summary12.6.4 Recent developments
12.7 BSC Chemicals
12.7.1 Company details12.7.2 Financial outlook12.7.3 Product summary12.7.4 Recent developments
12.8 Chemical Store Inc.
12.8.1 Company details12.8.2 Financial outlook12.8.3 Product summary12.8.4 Recent developments
12.9 Ciech S.A
12.9.1 Company details12.9.2 Financial outlook12.9.3 Product summary12.9.4 Recent developments
12.10 CJ Chemicals
12.10.1 Company details12.10.2 Financial outlook12.10.3 Product summary12.10.4 Recent developments
12.11 Covestro AG
12.11.1 Company details12.11.2 Financial outlook12.11.3 Product summary12.11.4 Recent developments
12.12 Dow
12.12.1 Company details12.12.2 Financial outlook12.12.3 Product summary12.12.4 Recent developments
12.13 FMC Corporation
12.13.1 Company details12.13.2 Financial outlook12.13.3 Product summary12.13.4 Recent developments
12.14 Formosa Plastics Corp.
12.14.1 Company details12.14.2 Financial outlook12.14.3 Product summary12.14.4 Recent developments
12.15 GFS Chemicals, Inc.
12.15.1 Company details12.15.2 Financial outlook12.15.3 Product summary12.15.4 Recent developments
12.16 GJ Chemical
12.16.1 Company details12.16.2 Financial outlook12.16.3 Product summary12.16.4 Recent developments
12.17 Gujarat Alkalies and Chemicals Limited
12.17.1 Company details12.17.2 Financial outlook12.17.3 Product summary12.17.4 Recent developments
12.18 Hanwha Chemical Corporation,
12.18.1 Company details12.18.2 Financial outlook12.18.3 Product summary12.18.4 Recent developments
12.19 INEOS Newton Aycliffe Ltd.
12.19.1 Company details12.19.2 Financial outlook12.19.3 Product summary12.19.4 Recent developments
12.20 Kemira Chemicals, Inc.,
12.20.1 Company details12.20.2 Financial outlook12.20.3 Product summary12.20.4 Recent developments
12.21 LG CHEM, LTD.
12.21.1 Company details12.21.2 Financial outlook12.21.3 Product summary12.21.4 Recent developments
12.22 Occidental Petroleum Corporation
12.22.1 Company details12.22.2 Financial outlook12.22.3 Product summary12.22.4 Recent developments
12.23 Olin Corporation
12.23.1 Company details12.23.2 Financial outlook12.23.3 Product summary12.23.4 Recent developments
12.24 PPG Industries
12.24.1 Company details12.24.2 Financial outlook12.24.3 Product summary12.24.4 Recent developments
12.25 ProChem, Inc.
12.25.1 Company details12.25.2 Financial outlook12.25.3 Product summary12.25.4 Recent developments
12.26 Sanmar Group
12.26.1 Company details12.26.2 Financial outlook12.26.3 Product summary12.26.4 Recent developments
12.27 Saudi Arabia Basic Industries Corporation
12.27.1 Company details12.27.2 Financial outlook12.27.3 Product summary12.27.4 Recent developments
12.28 Shandong Haihua Group Co., Ltd.
12.28.1 Company details12.28.2 Financial outlook12.28.3 Product summary12.28.4 Recent developments
12.29 Shin-Etsu Chemical Co Ltd
12.29.1 Company details12.29.2 Financial outlook12.29.3 Product summary12.29.4 Recent developments
12.30 Sigma Aldrich
12.30.1 Company details12.30.2 Financial outlook12.30.3 Product summary12.30.4 Recent developments
12.31 Solvay S.A
12.31.1 Company details12.31.2 Financial outlook12.31.3 Product summary12.31.4 Recent developments
12.32 Tata Chemicals Limited
12.32.1 Company details12.32.2 Financial outlook12.32.3 Product summary12.32.4 Recent developments
12.33 Tokuyama Corporation,
12.33.1 Company details12.33.2 Financial outlook12.33.3 Product summary12.33.4 Recent developments
12.34 Tosoh Corporation
12.34.1 Company details12.34.2 Financial outlook12.34.3 Product summary12.34.4 Recent developments
12.35 Vynova Group
12.35.1 Company details12.35.2 Financial outlook12.35.3 Product summary12.35.4 Recent developments
12.36 Westlake Corporation
12.36.1 Company details12.36.2 Financial outlook12.36.3 Product summary12.36.4 Recent developments
12.37 Xinjiang Zhongtai Chemical Co. Ltd
12.37.1 Company details12.37.2 Financial outlook12.37.3 Product summary12.37.4 Recent developments
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The Sodium Hydroxide Market is projected to reach USD 77.78 billion by 2032, growing at a CAGR of 4.6% during the forecast period.
The Sodium Hydroxide Market grew in market size from 2021. The Market is expected to reach USD 77.78 billion by 2032, at a CAGR of 4.6% during the forecast period.
The Sodium Hydroxide Market CAGR of 4.6% during the forecast period.
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The Sodium Hydroxide Market size is USD 77.78 billion from 2022 to 2032.
The Sodium Hydroxide Market segment is Covered By Grade, By Production Process, By Application, By Product Type, By Packaging Type.
The North America region is anticipated to have the highest market share in the Sodium Hydroxide Market.
The key players in the market include Companies Covered Aditya Birla Chemicals, Akzo Nobel N.V, Axiall LLC, BASF SE, Bayer AG, Brenntag North America, Inc., BSC Chemicals, Chemical Store Inc., Ciech S.A., CJ Chemicals, Covestro AG, Dow Chemical Company, FMC Corporation, Formosa Plastics Corp., GFS Chemicals,Inc., GJ Chemical, Gujarat Alkalies and Chemicals Limited, Hanwha Chemical Corporation, INEOS Newton Aycliffe Ltd., Kemira Chemicals, Inc., LG CHEM, LTD., Occidental Chemical Corporation., Olin Corporation, PPG Industries, ProChem, Inc., Sanmar Group, Saudi Arabia Basic Industries Corporation, Shandong Haihua Group Co.,Ltd., Shin-Etsu Chemical Co Ltd, Sigma Aldrich, Solvay SA, Tata Chemicals Limited Westlake Corporation, Tokuyama Corporation, Tosoh Corporation, Vynova Group, Westlake Chemical Corporation, Xinjiang Zhongtai Chemical Co. Ltd.
Sodium hydroxide generated by the membrane cell method is mentioned. Additionally, it has gained recognition as a rayon-grade product in all fields other than the manufacturing of rayon fabric the manufacture of high-quality caustic soda, safe raw materials, and low electricity usage, businesses are converting to membrane cell technology. The increase in manufacturing capabilities has a direct impact on the sodium hydroxide market's growth.
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