Global Sodium Hydroxide (Caustic Soda) Market was valued at US$ 38.5 Bn in 2017, and is expected to reach US$ 55.1 Bn by 2026, at a CAGR of 4.6 % during forecast period. 
The report covers qualitative aspect of sodium hydroxide and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding sodium hydroxide market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on a competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to an emerging segment in the sodium hydroxide market. Sodium Hydroxide also known as Caustic soda and lye is a highly caustic metallic base which is a white solid available in pellets, flakes, and granules and as 50% saturated solution. Sodium hydroxide is a co-product of chlorine production by the electrolysis of brine. The compound is majorly used in soap & detergent, paper & pulp, textile, chemical processing, water treatment, petroleum & Aluminium product, metallurgy, etc. The global sodium hydroxide market is expected to grow at a significant growth rate, due to the increasing application of the compound for industrial application. Sodium hydroxide is handled as a liquid because it is easy to pump a liquid and because keeping sodium hydroxide in a solid form required special air-tight containment that would be expensive. Most uses of sodium hydroxide are made in the liquid phase anyway, so it would be a wasted effort to manage it as a solid. Sodium hydroxide is a highly versatile substance used in a variety of manufacturing process. Sodium hydroxide is used to manufacture soaps and detergents used in homes and commercial applications. Drain cleaners that contain sodium hydroxide which converts fats and grease that can clog pipes into soap, which dissolves in water. In Pharmaceuticals & Medicine industries, it is used to help manufacture a variety of medicines and pharmaceutical products, from common pain relievers like aspirin to anticoagulants that can help to prevent blood clots, to cholesterol-reducing medications. In Addition, sodium hydroxide is used in the water treatment process used for the flocculation of heavy metals and acidity control. Furthermore, in many pulp and paper processing industries, wood chips are treated with sodium hydroxide it helps to dissolve unwanted material in the pulp. In the paper recycling process, it is used to separate the ink from paper fibres allowing the paper fibres to be reused again. Sodium hydroxide is also used as raw material for wood products. Trendy Aluminium ore processing sodium hydroxide is used for the extraction of the alumina from naturally occurring minerals. Furthermore, sodium hydroxide is used to manufacture rayon, spandex, explosives, epoxy resins, paints, glass and ceramics. An important driver for the growth of Caustic soda market is the growing demand for the production of alumina, the pulp and paper and industry and the textile industry. These sectors give to the largest market share of the Caustic Soda consumption market and hence directly affect the production market. The high cost of production of sodium hydroxide is expected to create a negative impact on the market. The sodium hydroxide market is anticipated to increase significantly in Asia-Pacific due to the increasing demand in inorganic chemicals, food, and pulp & paper industry which are projected to register a CAGR 4.6 % between 2018 and 2026 in terms of volume. The global sodium hydroxide market is growing moderately, with Asia-Pacific leading consumption, followed by North America and Europe. China is the largest producer and consumer for caustic soda products. Manufacturing companies of sodium hydroxide products can influence potential opportunities in regions such as North America, Europe and the Asia Pacific, due to rapidly growing food and textiles industries, and the trend is likely to continue over the forecast period.
Scope of the Global Sodium Hydroxide (Caustic Soda) Market
Global Sodium Hydroxide (Caustic Soda) Market, by Form
• Liquid Form • Solid Form
Global Sodium Hydroxide (Caustic Soda) Market, by Application
• Food • Paper and pulp • Soaps and Detergents • Pharmaceuticals & Medicine • Textiles • Petroleum Products • Aluminium Products • Chemical Processing • Water Treatment • Steel/Metallurgy – Sintering
Global Sodium Hydroxide (Caustic Soda) Market, by Region
• North America • Europe • Asia-Pacific • Middle East & Africa • South America
Key Players operating in the Global Sodium Hydroxide (Caustic Soda) Market
• DOW Chemical Company • BASF SE • Ciech S.A. • Gujarat Alkalies and Chemicals Limited • Kemira Chemicals, Inc. • Shandong Haihua Group Co., Ltd. • INEOS Newton Aycliffe Ltd. • Solvay Chemicals • Tokuyama Corporation • Formosa Plastics Corp. • Aditya Birla Chemicals (India) Limited • Saudi Arabia Basic Industries Corporation
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Report Published by: Maximize Market Research
