Sodium Hydroxide Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031

Sodium Hydroxide Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Form (Flake, Granule, and Liquid), Production Process (Diphagram Cells, Membrane Cells, and Mercury Cells), End-Use Industry (Pulp & Paper, Personal Care, Pharmaceutical, Water Treatment, Textile, Food, and Others), and Geography

  • Report Code : TIPRE00013397
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Sodium Hydroxide Market Overview and Forecast by 2031

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The Sodium Hydroxide Market size is projected to reach US$ 25.45 billion by 2031 from US$ 17.28 billion in 2023. The market is expected to register a CAGR of 5.0% in 2023–2031. The growing demand from end-use industries, including pulp & paper, personal care, pharmaceutical, and water treatment, is likely to remain a key sodium hydroxide market trend.

Sodium Hydroxide Market Analysis

In the food industry, caustic soda is used in food processing, as a pH regulator, and in preparing certain products such as olives and pretzels. In the personal care industry, sodium hydroxide is used in soap manufacturing. Sodium hydroxide is a vital component in the saponification process. In this process, sodium hydroxide reacts with natural oils or fats, such as coconut or olive oil, to form soap. This reaction transforms these oils into soap bars or liquid soaps. Sodium hydroxide also helps to adjust pH levels. Sodium hydroxide also confirms that the final product is safe for use on the skin with effective cleaning properties. In addition, sodium hydroxide is used to manufacture various hair care products. It is also used in the manufacturing of perms, relaxers, and hair straightening products. Sodium hydroxide helps break the disulfide bonds in the hair. This helps in reshaping or restructuring hair fibers. This process is critical for achieving desired hairstyles. The rising popularity of various hair styling products and other personal care products is driving demand for sodium hydroxide in the manufacturing process of these products.

Sodium Hydroxide Market Overview

Sodium hydroxide is widely used in the production of polymers. Polycarbonate is a thermoplastic known for its optical clarity and impact resistance is produced using sodium hydroxide in polymerization. In this production, sodium hydroxide is used as a catalyst to speed up the reaction between bisphenol A and phosgene, forming polycarbonate chains. The result is a versatile material used in numerous industries, including automotive, optics, and electronics. Furthermore, sodium hydroxide is also used in polypropylene oxide (PPO), where it functions as a catalyst in the polymerization process, forming a PPO chain from propylene oxide monomers. The resulting polymer is used in various specialized applications and has exceptional chemical resistance, driving the sodium hydroxide market growth.

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Sodium Hydroxide Market: Strategic Insights

Sodium Hydroxide Market

  • CAGR (2023 - 2031)
    5.0%
  • Market Size 2023
    US$ 17.28 Billion
  • Market Size 2031
    US$ 25.45 Billion

Market Dynamics

GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players

  • Vynova Group
  • Vencorex
  • Tessenderlo Group
  • Kaustik Europe B. V.
  • Nobian Industrial Chemicals BV
  • Aditya Birla Group
  • Tokuyama Corporation
  • BASF SE
  • Dow Chemical Company
  • INEOS

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Form
  • Flake
  • Granule
  • Liquid
Production Process
  • Diphagram Cells
  • Membrane Cells
  • Mercury Cells
End-Use Industry
  • Pulp and Paper
  • Personal Care
  • Pharmaceutical
  • Water Treatment
  • Textile
  • Food
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Sodium Hydroxide Market Drivers and Opportunities

Surging Demand from Textile Industry Bolsters Sodium Hydroxide Market Growth

The textile industry is a significant application sector of the sodium hydroxide market. In the textile industry, it is used in the mercerization process. Mercerization is a treatment process used on cellulosic fibers, such as cotton, to enhance their properties. In this process, cotton fibers are treated with a NaOH solution, which causes the fibers to swell, leading to increased luster, strength, and dye uptake. Mercerization improves cotton textiles' overall quality and appearance, making them smoother and more receptive to dyes and finishes.

Growing Adoption from Pharmaceutical Industry

In the pharmaceutical industry, it serves as a critical reagent in the synthesis of pharmaceutical compounds. It is used in various stages of pharmaceutical production, including the synthesis of active pharmaceutical ingredients (APIs) and the formulation of drug products. In API synthesis, it is employed to adjust pH levels, facilitate chemical reactions, or control specific drug components' solubility. Its precise use helps ensure the effectiveness and safety of pharmaceutical products, further driving the sodium hydroxide market growth.

Sodium Hydroxide Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Sodium Hydroxide Market analysis are form, production process, and end-use industry.

  • Based on the form, the market is bifurcated into flake, granule, and liquid. The liquid segment held a larger market share in 2023.
  • In terms of production process, the market is segmented into diphagram cells, membrane cells, and mercury cells. The membrane cells segment held the largest share of the market in 2023.
  • On the basis of end-use industry, the market is segmented into pulp & paper, personal care, pharmaceutical, water treatment, textile, food, and others. The pulp & paper segment held the largest share of the market in 2023.

Sodium Hydroxide Market Share Analysis by Geography

The geographic scope of the Sodium Hydroxide Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

The Asia Pacific region has become a global manufacturing hub, with industries spanning chemicals, textiles, and pulp & paper. The Asia Pacific region experienced rapid industrialization and urbanization. Many chemical processes, such as the production of plastics, detergents, and various industrial chemicals, rely on this chemical as a crucial raw material. With Asia Pacific's strong presence in the chemical sector and its commitment to research and innovation, the demand for this chemical has increased to support these industries.

Sodium Hydroxide Market Report Scope

Report Attribute Details
Market size in 2023 US$ 17.28 Billion
Market Size by 2031 US$ 25.45 Billion
Global CAGR (2023 - 2031) 5.0%
Historical Data 2021-2022
Forecast period 2023-2031
Segments Covered By Form
  • Flake
  • Granule
  • Liquid
By Production Process
  • Diphagram Cells
  • Membrane Cells
  • Mercury Cells
By End-Use Industry
  • Pulp and Paper
  • Personal Care
  • Pharmaceutical
  • Water Treatment
  • Textile
  • Food
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Vynova Group
  • Vencorex
  • Tessenderlo Group
  • Kaustik Europe B. V.
  • Nobian Industrial Chemicals BV
  • Aditya Birla Group
  • Tokuyama Corporation
  • BASF SE
  • Dow Chemical Company
  • INEOS
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Sodium Hydroxide Market News and Recent Developments

    The sodium hydroxide market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for sodium hydroxide and strategies:

    • Gujarat Alkalies and Chemicals Limited, in line with its growth plans, has expanded the Caustic Soda Lye Plant from 785 MTPD to 1310 MTPD of its Dahej Complex. As a part of the Caustic Soda expansion, a new 700 MTPD Caustic Evaporation Unit (CEU) was also commissioned to cater to the requirement of Caustic Soda Lye production (48% w/w). (Source: Gujarat Alkalies and Chemicals Limited, Press Release, 2023)

    Sodium Hydroxide Market Report Coverage and Deliverables

    The "Sodium Hydroxide Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

    • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Market dynamics such as drivers, restraints, and key opportunities
    • Key future trends
    • Detailed Porter's Five Forces and SWOT analysis
    • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
    • Detailed company profiles
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

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    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

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    to country scope.

    The List of Companies

    1. BASF SE
    2. Bayer AG
    3. Ciech S.A
    4. Dow, Inc.
    5. Formosa Plastics Corporation
    6. Hanwha Solutions
    7. INEOS
    8. Kemira
    9. SABIC
    10. SOLVAY

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