Chemical

According to a market report by Lucintel, the future of the sodium hydroxide market looks promising with opportunities in the biodiesel, alumina, inorganic chemicals, organic chemicals, food, pulp & paper, soap & detergent, textiles, and water treatment applications. The global sodium hydroxide market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are growing construction activities of both residential and non-residential infrastructure across the world and growing use of sodium hydroxide for waste management and conservations.



In this market, membrane cell, and diaphragm cell are the major segments by production process. Lucintel forecasts that membrane cell will remain the largest segment over the forecast period because membrane cell method utilizes a selective membrane that separates the chlorine and sodium ions. The membrane permits the sodium ion to migrate across the membrane, keeping the chlorine gas and salt (brine) solution in a compartment on the opposite facet of the membrane, and the companies are shifting toward the use of membrane cell technology due to safe raw materials, low electricity consumption, and the production of high-quality caustic soda.



Within this market, pulp and paper is expected to remain the largest segment by end use industry because it is used to regenerate certain chemicals like sodium sulphide or white liquor, which are used for pulping the wood into fibers; therefore, the reuse of most of the substances reduces the overall cost of the industry.

APAC will remain the largest region due to rapid industrialization, rising demand from various applications, increasing government spending, and increase in the demand from the alumina application industry increased the demand for sodium hydroxide.

 The DOW Chemical, BASF SE, Ciech, Kemira Chemicals, Solvay Chemicals, Tokuyama, Formosa Plastics, PPG, and Bayer AG are the major suppliers in the global sodium hydroxide market.  

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global sodium hydroxide market by grade, production process, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Sodium Hydroxide Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global sodium hydroxide market by grade, production process, application, and region, as follows:

 

Sodium Hydroxide Market by Grade [Value ($B) shipment analysis for 2017-2028]:

· Solid

· 50% Aqueous Solution

· Others

Sodium Hydroxide Market by Production Process [Value ($B) shipment analysis for 2017-2028]:

· Membrane Cell

· Diaphragm Cell

· Others

Sodium Hydroxide Market by Application [Value ($B) shipment analysis for 2017-2028]:

· Biodiesel

· Alumina

· Inorganic Chemicals

· Organic Chemicals

· Food

· Pulp & Paper

· Soap & Detergent

· Textiles

· Water Treatment

· Others

Sodium Hydroxide Market by Region [Value ($B) shipment analysis for 2017-2028]:

· North America

· Europe

· Asia Pacific

· The Rest of the World

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers the following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the sodium hydroxide market by grade (solid, 50% aqueous solution, and others), production process (membrane cell and diaphragm cell), application (biodiesel, alumina, inorganic chemicals, organic chemicals, food, pulp & paper, soap & detergent, textiles, and water treatment), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?