Sodium Hydroxide Market - Global Industry Analysis

Sodium Hydroxide Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-6743 Status : Upcoming

Description

Global Sodium Hydroxide Market: Overview

Sodium hydroxide is a manufactured chemical having the chemical formula NaOH. This inorganic compound is also recognized as caustic soda and lye. Sodium hydroxide is a white solid ionic compound comprised of hydroxide anions and sodium cations. This chemical compound is widely used in several domestic cleaning products owing to its efficient decaying properties. It is also commonly used to manufacture paper, soaps, explosives, rayon, dyestuffs, and petroleum products. Owing to its chemical properties the sodium hydroxide is also found in cotton fabric, bleaching, laundering, metal cleaning, oxide coating, electrolytic extracting, and electroplating.

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.

Global Sodium Hydroxide Market: Growth Factors

The global sodium hydroxide market is likely to grow at a healthy rate over the forecast period. Some of the key driving points for the sodium hydroxide market are its extensive use for the production of alumina, extraction process in pulp & paper industry, and textile industry. The demand for alumina is expected to increase over the future period for the manufacturing of tap washers, spark plugs, cutting tools, and abrasion resistant tiles, which in turn is expected to spur the demand for sodium hydroxide over the forecast period. Moreover, rising awareness regarding waste management and growing investment by several governments around the world to increase wastewater management is also projected to increase the consumption of sodium hydroxide during the forecast period. On the other hand, sodium hydroxide production is a high energy intensive process, also, increasing environmental concerns regarding the disposal of sodium hydroxide which may hinder the market growth. However, the consumption of sodium hydroxide has increased during the COVID-19 pandemic period to produce soaps and detergents, and the demand for effective soaps and detergents are likely to remain elevated during the future period, which can provide better growth opportunities to the global sodium hydroxide market over the projected years.

The global sodium hydroxide market was severely impacted by the COVID-19 pandemic in 2020. Strict restrictions on transportation and logistics disrupted the supply of sodium hydroxide. In addition to that, many pulp and paper manufacturing companies had halted their production activities during the pandemic period owing to depletion in the workforce, which has also reduced the demand for sodium hydroxide in the global market. However, safety guidelines publicized by the World Health Organization (WHO) for regular hand wash to kill infections have helped to maintain the demand for sodium hydroxide in the soap and detergent industry.

Global Sodium Hydroxide Market: Segmentation

The global sodium hydroxide market is bifurcated based on form, grade, end user industry, and region. Based on form, the global sodium hydroxide market is categorized into solids and liquids. By grade, the global market for sodium hydroxide is divided into Rayon grade, ACS grade, laboratory reagent grade, industrial grade, food grade, pharmaceutical grade, and others. Based on end user industry, the global sodium hydroxide market is bifurcated into the oil & gas industry, pharmaceutical industry, waste management industry, pulp & paper industry, healthcare & disinfection industry, metal manufacturing industry, textile industry, and others.

Global Sodium Hydroxide Market: Regional Analysis

Asia Pacific is expected to lead the global sodium hydroxide market during the forecast period. Market growth in the region is primarily attributed to the elevated demand from well-established pulp and paper industries in India and China. Moreover, emerging countries in the region are likely to spend more on waste water management process, which is likely to propel the growth of sodium hydroxide in the APAC. Other factors promoting the market growth are increasing investments in the textile and pharmaceutical industry in China and India. Sodium hydroxide is largely utilized in the textile industry, however, the textile industry in these two countries is astonishingly developing, creating ample growth opportunities for the sodium hydroxide market growth. North America and Europe are also expected to contribute healthy revenue in the global sodium hydroxide market during the projected years. The presence of various end use industries in these regions are significantly contributing to the overall growth of the market.

Global Sodium Hydroxide Market: Competitive Players

The global market for sodium hydroxide is highly fragmented, product prices and quality are the main factors where competitors are focusing on. Moreover, large market players are also focusing on the expansion of the business through mergers and acquisitions in emerging marketplaces. Some of the major players operating in the global sodium hydroxide market include BASF, Dow DuPont, Ciech S.A., Aditya Birla Chemicals, Gujarat Alkalies and Chemicals Limited, BSC Chemicals, Covestro, GACL Ltd., Sanmar group, Sigma Aldrich, and Fisher Scientific, among many others.

Global Sodium Hydroxide Market: Regional Segment Analysis

  • 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

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Table Of Content

Choose License Type

Request the coronavirus impact analysis across industries and markets

FrequentlyAsked Questions

The global sodium hydroxide market is likely to grow at a healthy rate over the forecast period. Some of the key driving points for the sodium hydroxide market are its extensive use for the production of alumina, extraction process in pulp and paper industry, and textile industry. Also, rising awareness regarding waste management and growing investment by several governments around the world to increase wastewater management is also projected to increase the consumption of sodium hydroxide during the forecast period.

Some of the major players operating in the global sodium hydroxide market include BASF, Dow DuPont, Ciech S.A., Aditya Birla Chemicals, Gujarat Alkalies and Chemicals Limited, BSC Chemicals, Covestro, GACL Ltd., Sanmar group, Sigma Aldrich, and Fisher Scientific, among many others.

 

Asia Pacific is expected to lead the global sodium hydroxide market during the forecast period. Market growth in the region is primarily attributed to the elevated demand from well-established pulp and paper industries in India and China. Moreover, emerging countries in the region are likely to spend more on waste water management process, which is likely to propel the growth of sodium hydroxide in the APAC.

HappyClients

Office Address

Corporate Office

Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +1 (844) 845-52454
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1 (844) 845-52454
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social