Sodium Hydroxide Market was valued at US$ 54.5 Billion in 2024 and is projected to grow at a CAGR of 4.90% to reach US$ 84.5 Billion by 2034.

Download Sample

Published Date: February 2024

sodium hydroxide market was valued at US$ 54.5 Billion in 2024 and is projected to grow at a CAGR of 4.90% to reach US$ 84.5 Billion by 2034.

The report "Sodium Hydroxide Market, By End-Use Industry (Industry (Pulp and Paper, Personal Care, Pharmaceutical, Textile, Food, Petroleum, Aluminum), Institution, and Others (Drinking Water Treatment, Drain Cleaner)), By Product (Liquid Form, and Solid Form), By Application (Cleaning Agent, Catalyst, and Additive), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2034”.

Key Highlights:

In November 2019, BASF New Business and NGK INSULATORS, LTD. are expanding their existing partnership to a joint development agreement (JDA) for sodium-sulfur batteries for stationary applications. Their goals are to achieve an increase in power and higher number of cycles per time unit, in order to open up new market segments for NAS^® batteries
In October 2019, Kemira announced a multi-million investment in water treatment chemicals production in the UK.

Analyst View:

Increasing Application of the Compound for Industrial Application

One of the emergent trend is growing production capacity of caustic soda producers and also vendors are investing in increasing their caustic soda production capacity to encounter the rising need from end-user industries. Additionally, the high need for caustic soda from the alumina and organics industry will increase the overall necessity for caustic soda throughout the forecast period. This development is anticipated to have an encouraging impact on the whole market growth. The continued demand for alumina, paper and textiles due to increasing population, growth in the automobile and construction industry and improving economic scenario will pose as growth drivers for the caustic Soda market.

Increasing adoption of PVC products

PVC is a thermoplastic polymer and is largely used in polymers industries across the globe. It is used in the construction, packaging, automotive, consumer goods, electrical and electronics, textiles, and other industries. Currently, PVC is replacing an extensive range of conventional products in several applications. Conventional materials such as copper, iron, and steel are substituted by PVC pipes and fittings in construction applications. In flooring applications, PVC products are substituting wood, stone, concrete, marble, ceramic tiles, and other products.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Sodium Hydroxide Market”, By End-Use Industry (Industry (Pulp and Paper, Personal Care, Pharmaceutical, Textile, Food, Petroleum, Aluminum), Institution, and Others (Drinking Water Treatment, Drain Cleaner)), By Product (Liquid Form, and Solid Form), By Application (Cleaning Agent, Catalyst, and Additive), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2034.

Key Market Insights from the report:

Sodium Hydroxide Market was valued at US$ 54.5 Billion in 2024 and is projected to grow at a CAGR of 4.90% to reach US$ 84.5 Billion by 2034. The market report has been segmented on the basis of end-use industry, product, application, and region.

By end-use industry, pulp and paper industry segment contribute for significant value share over the forecast period.
By product, liquid is expected to count for relatively high revenue share with significant growth rate than solid form, attributed to comparatively easy to handle and store than solid form sodium hydroxide.
By application, the global market is classified into cleaning agent, catalyst and additives.
By region, APAC dominates the global sodium hydroxide market in terms of revenue contribution owing to significant high demand from the pulp and paper industry in the region.

Competitive Landscape:

The prominent player operating in the global sodium hydroxide market includes The 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, and Formosa Plastics Corp.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered