Sodium Hydroxide Market - Global Industry Analysis

Sodium Hydroxide Market - By Product (Liquid Form and Solid Form), By End-Use Industry (Pulp & Paper, Personal Care, Pharmaceutical, Food, Petroleum, Aluminum, and Textile), By Application (Cleaning Agent, Catalyst, and Additive), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Published Date: 12-Nov-2021 Category: Chemical & Materials Report Format : PDF Pages: 187 Report Code: ZMR-6743 Status : Published

The global Sodium Hydroxide Market accrued earnings worth approximately 27.5 (USD Billion) in 2020 and is predicted to gain revenue of about 40.2(USD Billion) by 2028, is set to record a CAGR of nearly 4.5% over the period from 2021 to 2028.

Description

Sodium Hydroxide Market Size

The global Sodium Hydroxide Market accrued earnings worth approximately 27.5 (USD Billion) in 2020 and is predicted to gain revenue of about 40.2(USD Billion) by 2028, is set to record a CAGR of nearly 4.5% over the period from 2021 to 2028. The report offers an assessment and analysis of the Sodium Hydroxide Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Sodium Hydroxide Market: Overview

Sodium hydroxide is an inorganic compound also referred to as caustic soda. Moreover, the product is available in flakes, granules, pellets, and solution forms. Additionally, the chemical compound finds a slew of applications in soaps, drain cleaners, textiles, and pulp & paper. Furthermore, the compound is a white crystalline odorless substance that can absorb moisture from the atmosphere. After dissolving in water it liberates substantial heat that can prove enough in igniting combustible substances. It has a corrosive feature and can be used either as a solid or in a fifty percent solution form.

In addition to this, the chemical compound is utilized in cotton fabric processing, bleaching & laundering, metal cleansing & processing, electroplating, electrolytic extracting, and oxide coating. As per FDA, sodium hydroxide is considered a direct food substance labeled as generally recognized as a safe product.

The substance offers services as pH controlling agent and abides by production guidelines. Reportedly, sodium hydroxide has been examined by performing various clinical trials for its use in treating prion disorder. It has been confirmed through clinical trials that the chemical compound minimizes prion levels in an in-vitro inactivation assay. The chemical product is used for manufacturing sodium salt and alkaline ore used for digestive purposes.

Global Sodium Hydroxide Market

Sodium Hydroxide Market: Growth Drivers

Surge in use of sodium hydroxide in food additives, construction, paper & pulp, textiles, agrochemicals, cosmetics, fire hazards as flame retardant, and pharmaceuticals will steer expansion of sodium hydroxide market. Apart from this, it is utilized in process of saponification that helps in converting vegetable oil into soap. Furthermore, the chemical compound is also used for manufacturing anionic surfactants. In addition to this, sodium hydroxide finds massive applications in household bleach items. All these aspects are projected to proliferate the growth of sodium hydroxide market. However, contact with chemical compound has irritated mucous membranes, skin, and eyes severely and this has proved to be a major limitation of product.

Furthermore, sodium hydroxide is utilized in detergents that further find application in fabric, dry cleaning, and hospitability industries as well as in laundry services. Apart from this, use of sodium hydroxide in liquid detergents helps the latter in offering comfort to end-users. This has enhanced scope of growth of sodium hydroxide market. Rapid spread of COVID-19 has resulted in demand for disinfectant and this has promoted need for chemical compound. Moreover, clinical experiments have demonstrated huge absorption of carbon dioxide by sodium hydroxide from atmosphere. It is also used as caustic agent in pharmaceutical industry and finds huge applications in automotive products, pesticides, landscaping, batteries, and fracturing liquids. All these aforementioned factors are projected to drive industry trends.

Sodium Hydroxide Market: Regional Landscape

Asia Pacific To Make Substantial Contributions Towards Regional Market Share By 2028

Humungous usage of sodium hydroxide in pigments, paints & coatings, fuel additives, ion exchange agents, reducing agents, lubricant additives, intermediates, and food & beverage sanitation chemicals in chemical firms of Asia Pacific will drive regional market growth. Apart from this, China being highest producer as well as consumer of caustic soda, the market for sodium hydroxide in region is likely to gain traction in upcoming timeframe. Additionally, countries such as China are hub for chemical processing and thriving textile industry in India will further contribute towards regional market size in forecast timespan. Rise in demand for plasticizers, catalyst, process regulators, finishing agents, dyes, anti-scaling agents, corrosion inhibitors, and non-pesticides substances in emerging economies of Asia Pacific will culminate into massive growth of sodium hydroxide market in Asia Pacific in next seven years.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Sodium Hydroxide Market: Competitive Landscape

Key players influencing growth of sodium hydroxide market and profiled in study are The DOW Chemical Company, Hanwha Chemical Corporation, BASF SE, Ciech S.A., LG CHEM, LTD., Gujarat Alkalies and Chemicals Limited, Kemira Chemicals, Inc., Saudi Arabia Basic Industries Corporation, Shandong Haihua Group Co., Ltd., Solvay SA, INEOS Newton Aycliffe Ltd., Shin-Etsu Chemical Co. Ltd.,  Bayer AG, Tokuyama Corporation, Formosa Plastics Corp., Aditya Birla Chemicals (India) Limited, Tata Chemicals Ltd., PPG Industries, Axiall LLC, and Occidental Chemical Corporation.

The global Sodium Hydroxide Market is segmented as follows:

By Product

  • Solid Form
  • Liquid Form

By End-Use Industry

  • Pulp & Paper
  • Textile
  • Personal Care
  • Pharmaceutical
  • Food
  • Petroleum
  • Aluminum

By Application

  • Cleaning Agent
  • Additive
  • Catalyst

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Sodium Hydroxide Market, 2018–2028(USD Billion)
    • 2.2. Sodium Hydroxide Market: Snapshot
  • Chapter 3. Global Sodium Hydroxide Market– Industry Analysis
    • 3.1. Sodium Hydroxide Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Increase in utilization of caustic soda in food additives, construction, fire hazards as flame retardants, cosmetics, paper & pulp, agrochemicals, and textiles will steer expansion of sodium hydroxide market.
      • 3.2.2. Swift spread of COVID-19 has resulted in demand for disinfectant and this has prompted market growth.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Product
      • 3.4.2. Market attractiveness analysis By End-Use Industry
      • 3.4.3. Market attractiveness analysis By Application
  • Chapter 4. Global Sodium Hydroxide Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Sodium Hydroxide Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Sodium Hydroxide Market– Product Analysis
    • 5.1. Global Sodium Hydroxide Market overview: By Product
      • 5.1.1. Global Sodium Hydroxide Market share, By Product, 2020 and 2028
    • 5.2. Sulid Form
      • 5.2.1. Global Sodium Hydroxide Market by Sulid Form , 2018–2028(USD Billion)
    • 5.3. Liquid Form
      • 5.3.1. Global Sodium Hydroxide Market by Liquid Form , 2018–2028(USD Billion)
  • Chapter 6. Global Sodium Hydroxide Market– Application Analysis
    • 6.1. Global Sodium Hydroxide Market overview: By Application
      • 6.1.1. Global Sodium Hydroxide Market share, By Application, 2020 and 2028
    • 6.2. Cleaning Agent
      • 6.2.1. Global Sodium Hydroxide Market by Cleaning Agent, 2018–2028(USD Billion)
    • 6.3. Catalyst
      • 6.3.1. Global Sodium Hydroxide Market by Catalyst, 2018–2028(USD Billion)
    • 6.4. Additive
      • 6.4.1. Global Sodium Hydroxide Market by Additive, 2018–2028(USD Billion)
  • Chapter 7. Global Sodium Hydroxide Market overview: By End-Use Industry
    • 7.1. Global Sodium Hydroxide Market share, By End-Use Industry, 2020 and 2028
    • 7.2. Pulp & Paper
      • 7.2.1. Global Sodium Hydroxide Market by Pulp & Paper , 2018–2028(USD Billion)
    • 7.3. Textile
      • 7.3.1. Global Sodium Hydroxide Market by Textile, 2018–2028(USD Billion)
    • 7.4. Personal Care
      • 7.4.1. Global Sodium Hydroxide Market by Personal Care, 2018–2028(USD Billion)
    • 7.5. Pharmaceutical
      • 7.5.1. Global Sodium Hydroxide Market by Pharmaceutical, 2018–2028(USD Billion)
    • 7.6. Aluminum
      • 7.6.1. Global Sodium Hydroxide Market by Aluminum, 2018–2028(USD Billion)
    • 7.7. Petruleum
      • 7.7.1. Global Sodium Hydroxide Market by Petruleum, 2018–2028(USD Billion)
    • 7.8. Food
      • 7.8.1. Global Sodium Hydroxide Market by Food, 2018–2028(USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. The DOW Chemical Company
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfulio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Hanwha Chemical Corporation
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfulio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. BASF SE
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfulio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Development
    • 8.4. Ciech S.A.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfulio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Development
    • 8.5. LG CHEM, LTD.
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfulio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. PPG Industries
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfulio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. Tata Chemicals Ltd.
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product Portfulio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. Aditya Birla Chemicals (India) Limited
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product Portfulio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. Formosa Plastics Corp.
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product Portfulio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. Tokuyama Corporation
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product Portfulio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development
    • 8.11. Bayer AG
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product Portfulio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Development
    • 8.12. Shin-Etsu Chemical Co. Ltd.
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Product Portfulio
      • 8.12.4. Business Strategy
      • 8.12.5. Recent Development
    • 8.13. INEOS Newton Aycliffe Ltd.
      • 8.13.1. Overview
      • 8.13.2. Financials
      • 8.13.3. Product Portfulio
      • 8.13.4. Business Strategy
      • 8.13.5. Recent Development
    • 8.14. Sulvay SA
      • 8.14.1. Overview
      • 8.14.2. Financials
      • 8.14.3. Product Portfulio
      • 8.14.4. Business Strategy
      • 8.14.5. Recent Development
    • 8.15. Shandong Haihua Group Co., Ltd.
      • 8.15.1. Overview
      • 8.15.2. Financials
      • 8.15.3. Product Portfulio
      • 8.15.4. Business Strategy
      • 8.15.5. Recent Development
    • 8.16. Saudi Arabia Basic Industries Corporation
      • 8.16.1. Overview
      • 8.16.2. Financials
      • 8.16.3. Product Portfulio
      • 8.16.4. Business Strategy
      • 8.16.5. Recent Development
    • 8.17. Kemira Chemicals, Inc.
      • 8.17.1. Overview
      • 8.17.2. Financials
      • 8.17.3. Product Portfulio
      • 8.17.4. Business Strategy
      • 8.17.5. Recent Development
    • 8.18. Gujarat Alkalies and Chemicals Limited
      • 8.18.1. Overview
      • 8.18.2. Financials
      • 8.18.3. Product Portfulio
      • 8.18.4. Business Strategy
      • 8.18.5. Recent Development
    • 8.19. Occidental Chemical Corporation
      • 8.19.1. Overview
      • 8.19.2. Financials
      • 8.19.3. Product Portfulio
      • 8.19.4. Business Strategy
      • 8.19.5. Recent Development
    • 8.20. Axiall LLC
      • 8.20.1. Overview
      • 8.20.2. Financials
      • 8.20.3. Product Portfulio
      • 8.20.4. Business Strategy
      • 8.20.5. Recent Development

Table Of Figures

List of Figures

1. Market research Type
2. Market research methodology
3. Global Sodium Hydroxide Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Sodium Hydroxide Market attractiveness, By Product
6. Global Sodium Hydroxide Market attractiveness, By End-Use Industry
7. Global Sodium Hydroxide Market attractiveness, By Application
8. Global Sodium Hydroxide Market share by Product ,2020 and 2028 (USD Billion)
9. Global Sodium Hydroxide Market by Solid Form , 2018–2028(USD Billion)
10. Global Sodium Hydroxide Market by Liquid Form , 2018–2028(USD Billion)
11. Global Sodium Hydroxide Market share by Application ,2020 and 2028 (USD Billion)
12. Global Sodium Hydroxide Market by Cleaning Agent, 2018–2028(USD Billion)
13. Global Sodium Hydroxide Market by Additive, 2018–2028(USD Billion)
14. Global Sodium Hydroxide Market by Catalyst, 2018–2028(USD Billion)
15. Global Sodium Hydroxide Market share by End-Use Industry,2020 and 2028 (USD Billion)
16. Global Sodium Hydroxide Market by Pulp & Paper,  2018–2028(USD Billion)
17. Global Sodium Hydroxide Market by Textile, 2018–2028(USD Billion)
18. Global Sodium Hydroxide Market by Personal Care, 2018–2028(USD Billion)
19. Global Sodium Hydroxide Market by Pharmaceutical, 2018–2028(USD Billion)
20. Global Sodium Hydroxide Market by Petroleum, 2018–2028(USD Billion)
21. Global Sodium Hydroxide Market by Food, 2018–2028(USD Billion)
22. Global Sodium Hydroxide Market by Aluminum, 2018–2028(USD Billion)
23. Global Sodium Hydroxide Market share, by Region, 2020 and 2028
24. North America Sodium Hydroxide Market, 2018–2028(USD Billion)
25. Europe Sodium Hydroxide Market, 2018–2028(USD Billion)
26. Asia Pacific Sodium Hydroxide Market, 2018–2028(USD Billion)
27. Latin America Sodium Hydroxide Market, 2018–2028(USD Billion)
28. The Middle East and Africa Sodium Hydroxide Market, 2018–2028(USD Billion)


Table Of Tables

List of Tables

1. Global Sodium Hydroxide Market: snapshot
2. Drivers of the Sodium Hydroxide Market: impact analysis
3. North America Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
4. North America Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
5. North America Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
6. The U.S. Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
7. The U.S. Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
8. The U.S. Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
9. Rest of North America Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
10. Rest of North America Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
11. Rest of North America Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
12. Europe Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
13. Europe Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
14. Europe Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
15. UK Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
16. UK Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
17. UK Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
18. France Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
19. France Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
20. France Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
21. Germany Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
22. Germany Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
23. Germany Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
24. Rest of Europe Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
25. Rest of Europe Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
26. Rest of Europe Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
27. Asia Pacific Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
28. Asia Pacific Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
29. Asia Pacific Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
30. China Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
31. China Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
32. China Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
33. Japan Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
34. Japan Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
35. Japan Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
36. India Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
37. India Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
38. India Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
39. Rest of Asia Pacific Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
40. Rest of Asia Pacific Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
41. Rest of Asia Pacific Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
42. Latin America Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
43. Latin America Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
44. Latin America Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
45. Brazil Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
46. Brazil Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
47. Brazil Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
48. Rest of Latin America Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
49. Rest of Latin  America Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
50. Rest of Latin America Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
51. The Middle East and Africa Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
52. The Middle East and Africa Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
53. The Middle East and Africa Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
54. Saudi Arabia Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
55. Saudi Arabia Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
56. Saudi Arabia Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
57. South Africa Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
58. South Africa Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
59. South Africa Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)
60. Rest of the Middle East & Africa Sodium Hydroxide Market revenue, By Product  ,2018–2028(USD Billion)
61. Rest of the Middle East & Africa Sodium Hydroxide Market revenue, By End-Use Industry,2018–2028(USD Billion)
62. Rest of the Middle East & Africa Sodium Hydroxide Market revenue, By Application,2018–2028(USD Billion)


 

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FrequentlyAsked Questions

Surge in use of sodium hydroxide in food additives, construction, paper & pulp, textiles, agrochemicals, cosmetics, fire hazards as flame retardant, and pharmaceuticals will steer expansion of sodium hydroxide market. Apart from this, it is utilized in process of saponification that helps in converting vegetable oil into soap. Furthermore, the chemical compound is also used for manufacturing anionic surfactants. In addition to this, sodium hydroxide finds massive applications in household bleach items. All these aspects are projected to proliferate growth of sodium hydroxide market.    

Furthermore, sodium hydroxide is utilized in detergents that further find application in fabric, dry cleaning, and hospitability industries as well as in laundry services. Apart from this, use of sodium hydroxide in liquid detergents helps the latter in offering comfort to end-users. This has enhanced scope of growth of sodium hydroxide market. Rapid spread of COVID-19 has resulted in demand for disinfectant and this has promoted need of chemical compound. Moreover, clinical experiments have demonstrated huge absorption of carbon dioxide by sodium hydroxide from atmosphere. It is used as caustic agent in pharmaceutical industry and finds huge applications in automotive products, pesticides, landscaping, batteries, and fracturing liquids. All these aforementioned factors are projected to drive industry trends.

According to Zion market research report, the global Sodium Hydroxide Market accrued earnings worth approximately 27.5 (USD Billion) in 2020 and is predicted to gain revenue of about 40.2(USD Billion) by 2028, is set to record a CAGR of nearly 4.5% over the period from 2021 to 2028.

Asia Pacific will contribute lucratively towards the regional market size over the projected timeline. The regional market surge is subject to surge in demand for Humungous usage of sodium hydroxide in pigments, paints & coatings, fuel additives, ion exchange agents, reducing agents, lubricant additives, intermediates, and food & beverage sanitation chemicals in chemical firms of Asia Pacific.   Apart from this, China being highest producer as well as consumer of caustic soda, the market for sodium hydroxide in region is likely to gain traction in upcoming timeframe. Additionally, countries such as China are hub for chemical processing and thriving textile industry in India will further contribute towards regional market size in forecast timespan. Rise in demand for plasticizers, catalyst, process regulators, finishing agents, dyes, anti-scaling agents, corrosion inhibitors, and non-pesticides substances in emerging economies of Asia Pacific will culminate into massive growth of sodium hydroxide market in Asia Pacific in next seven years.

The key market participants include The DOW Chemical Company, Hanwha Chemical Corporation, BASF SE, Ciech S.A., LG CHEM, LTD., Gujarat Alkalies and Chemicals Limited, Kemira Chemicals, Inc., Saudi Arabia Basic Industries Corporation, Shandong Haihua Group Co., Ltd., Solvay SA, INEOS Newton Aycliffe Ltd., Shin-Etsu Chemical Co. Ltd.,  Bayer AG, Tokuyama Corporation, Formosa Plastics Corp., Aditya Birla Chemicals (India) Limited, Tata Chemicals Ltd., PPG Industries, Axiall LLC, and Occidental Chemical Corporation.

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