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, Trends, Analysis, and Forecast Till 2034

Report Code: PMI444620 | Publish Date: February 2024 | No. of Pages: 148

Sodium Hydroxide Market Overview

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

Sodium hydroxide (NaOH) is a white solid, highly caustic metallic alkali and base of sodium. It is an inorganic compound also known as caustic soda or lye. Anhydrous (100%, solid) caustic soda has a chemical formula of NaOH and a molecular weight of 40.00. It is available commercially in the form of liquid, solid, flakes, or particles. Sodium hydroxide has diverse industrial applications due to its strong alkaline nature. It is integral to the manufacture of petroleum products, pulp and paper, alumina, textiles, and soaps and detergents, along with its application in chemical processing, water treatment and petroleum processing. For commercial purposes, caustic soda is used either in a 32%, 45% of 50% etc. aqueous solution or as a solid. Industrially, caustic soda is most commonly manufactured by the electrolysis of a sodium chloride (NaCl) solution. The co-products formed from the electrolytic production of caustic soda are chlorine and hydrogen.

Sodium Hydroxide Market Drivers & Restraints

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. With the general increase in awareness for water conservations, waste management and the general scare of running out of potable water, the Caustic soda is also expected to see a growth in the water purification and waste management Industry. 

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.

Conversely, major substitute for sodium hydroxide is potassium hydroxide, which is expected to restrain the market over the forecast period. Additionally, high cost of production of sodium hydroxide is also expected to create negative impact on the market. Nevertheless, the company’s manufacturing sodium hydroxide products can leverage potential opportunities in regions.

Sodium Hydroxide Market Segmentations & Regional Insights

The sodium hydroxide market is segmented based on the end-user industry, product, application, and region.

On the basis of the end-use industry the global sodium hydroxide market is segmented into industry, institution and others. The industry is further distributed into pulp and paper, personal care, pharmaceutical, textile, food, petroleum, aluminum whereas others are further classified into drinking water treatment, drain cleaner. Based on product, the target is segmented into liquid form, and solid form. On the basis of application, the global market is classified into cleaning agent, catalyst, and additive.

Regional Insights:

In the region, the global sodium hydroxide market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. 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. APAC is followed by North America, attributed to high demand for sodium hydroxide for research institutes in the region. Eastern Europe and Japan account for a relatively low value share in the sodium hydroxide market. Latin America and Middle East & Africa are expected to represent moderate opportunity in the global sodium hydroxide market, owing to the moderately growing economy and industrial sector in the region. Overall, the outlook for the global sodium hydroxide market is positive over the forecast period. China is the largest producer and consumer of sodium hydroxide, driven by its status as the workshop of the world; currently the sodium hydroxide in China is being excess of production capacity and the government and the top players are thinking to curb overcapacity in chlor-alkali. In future, China will remain its existing status and will have greater influence on global sodium hydroxide supply and demand. There are lots of producers in China, but most of them are small and medium-sized producers and supply the low-end price, low price and fierce competition.

Sodium Hydroxide Market Report Scope:

Attribute

Details

The base year for estimation

2023

Forecast period

2024– 2034

Market representation

Revenue in USD Billion & CAGR from 2024– 2034

Market Segmentation

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

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.  For the purpose of this study, has segmented the sodium hydroxide market report based on end-use industry, product, application, and region.

Sodium Hydroxide Market, By End-Use Industry:

  • Industry
    • Pulp and Paper
    • Personal Care
    • Pharmaceutical
    • Textile
    • Food
    • Petroleum
    • Aluminum
  •  Institution
  • Others
  • Drinking Water Treatment
  • Drain Cleaner

Sodium Hydroxide Market, By Product:

  •  Liquid Form
  • Solid Form

Sodium Hydroxide Market, By Application:

  •  Cleaning Agent
  • Catalyst
  • Additive

Sodium Hydroxide Market, By Region:

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

Sodium Hydroxide Market Competitive Landscape & Key Players

The key players operating in the sodium hydroxide market include 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 prominent players are constantly involved in the development of new or combination of product. Investment in R&D is one of the planned measures to beat the competition. For instance, in May 2018 BASF announced that BASF and Solenis to join forces by combining paper and water chemicals businesses.

Sodium Hydroxide Market Company Profile

  • 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
  • Formosa Plastics Corp.

FAQs

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.

Growing demand in various industries like chemicals, textiles, and paper, along with increased applications in water treatment, drive the Sodium Hydroxide market.

Environmental concerns, safety risks, and fluctuations in raw material prices contribute to restraints in the Sodium Hydroxide market.

North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are considered regions in the Sodium Hydroxide market. Asia-Pacific is expected to dominate, driven by industrialization, manufacturing activities, and the presence of a robust chemical industry in the region.

The prominent player operating in the 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.