USD 28.73 billion
Sodium Hydroxide Market Size, Share, Growth Analysis, By Form(Solid and Liquid), By Production Type(Mercury Cells, Membrane Cells, Diaphragm Cells), By Application(Pulp and Paper, Alumina, Organics, Inorganics), By Grade(ACS Grade, Rayon Grade, Food Grade, Laboratory Grade), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35I2096 |
Region:
Global |
Published Date: July, 2024
Pages:
242
|Tables:
126
|Figures:
77
Sodium Hydroxide Market Insights
Sodium Hydroxide Market size was valued at USD 29.88 billion in 2022 and is poised to grow from USD 31.075 billion in 2023 to USD 42.53 billion by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).
Sodium hydroxide is a crucial chemical in the pulp and paper industry used for the manufacturing of bleached pulp. In addition to the global demand for paper and packaging materials, sodium hydroxide demand is also increasing. Sodium hydroxide is used to make rayon, a synthetic fiber used in the textile industry. The demand for sodium hydroxide is growing as a result of the flexibility, resilience, and environmental friendliness of rayon.
In addition to being used to create aspirin, sodium hydroxide is also used to create anticoagulants, which help to prevent the formation of blood clots, and drugs that decrease cholesterol. The need for these drugs has significantly increased since Covid-19 spread since so many people died from blood clots even after recovering from the condition. The production of metals, the treatment of water, and the production of soaps and detergents all employ caustic soda, so these industries are expected to drive the need for sodium hydroxide in the coming years. However, the costly manufacturing of NaOH and available alternatives like potassium oxide can restrict market expansion.
The market for sodium hydroxide has an opportunity as a consequence of the increasing emphasis on sustainability, which is driving the demand for environmentally friendly products and practices. In order to clean out impurities and pollutants from water, sodium hydroxide is utilized in the process. It is also used to make soaps and detergents that are more eco-friendly. Opportunities for higher efficiency and cost reductions are being generated by the development of new and improved sodium hydroxide manufacturing processes. For instance, significant advancements in energy efficiency and environmental sustainability have indeed been made as a result of the development of membrane cell technology for the production of sodium hydroxide.
US Sodium Hydroxide Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Solid
Fastest Growth
Solid
Growth Rate
4% CAGR
Global Sodium Hydroxide Market ($ Bn)
Country Share for North America Region (%)
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Sodium Hydroxide Market Segmental Analysis
Global Sodium Hydroxide Market is segmented based on Form, Production Type, Application, Grade and region. Based on Form, the Sodium Hydroxide Market is segmented into Solid and Liquid. Based on Production Type, the Sodium Hydroxide Market is segmented into Mercury Cells, Membrane Cells, Diaphragm Cells. Based on Application, the Sodium Hydroxide Market is segmented into Pulp and Paper, Alumina, Organics, Inorganics, Soap & Detergent, Water Treatment, Textile Industry, Biopharma, Food Industry, Others. Based on Grade, the Sodium Hydroxide Market is segmented into ACS Grade, Rayon Grade, Food Grade, Laboratory Grade, Industrial Grade, Pharmaceutical Grade, Other. Based on region, the global Sodium Hydroxide Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Sodium Hydroxide Market Analysis by Production Type
The membrane cell segment dominated the global sodium hydroxide market. The membrane cell process has several advantages over other methods, such as the mercury cell process and diaphragm cell process. For example, it is more energy-efficient, produces higher purity sodium hydroxide, and has fewer environmental impacts. The increasing demand for sodium hydroxide in various industries, including pulp and paper, textiles, and chemicals, as a key driver for the segment growth.
Sodium Hydroxide Market Analysis Application
In terms of volume, pulp and paper emerged as the dominant player for sodium hydroxide, accounting for more over 35% of the market. The product is employed in the operations of pulping, bleaching, and papermaking. The demand for sodium hydroxide in the pulp and paper industry is driven by the increasing demand for paper and packaging products, particularly in emerging economies. The growth of e-commerce and online retail has also contributed to the demand for paper-based packaging materials, which in turn has increased the demand for sodium hydroxide.
Global Sodium Hydroxide Market By Type
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Sodium Hydroxide Market Regional Insights
The market for sodium hydroxide is currently dominated by the Asia-Pacific region, and this dominance is expected to continue in the coming years. The region's paper, pulp, and textile industries are driving up need for sodium hydroxide. Moreover, the larger population necessitates more cleaning, recycling, and therapeutic procedures, which ultimately raises the level of sodium oxide. China maintains its position as the world's workshop by ranking highest among the Asia Pacific nations and being both the largest consumer and producer of caustic soda. Due to the abundance of medium-scale producers and stiff competition, it is predicted that China will continue to dominate other countries in terms of supply and demand in the future.
The market in North America is anticipated to grow at a high CAGR during the forecast period. North America is one of the largest consumers of sodium hydroxide, with the United States being the major market in the region. The growing demand for sodium hydroxide from industries such as paper and pulp, textiles, and chemicals is driving the market growth in this region.
Global Sodium Hydroxide Market By Region
- Largest
- Fastest
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Sodium Hydroxide Market Dynamics
Sodium Hydroxide Market Drivers
Increasing demand for pulp and paper
- The production of bleached pulp uses sodium hydroxide, a crucial chemical used in the pulp and paper sector. The demand for sodium hydroxide is rising along with the global demand for paper and packaging products.
Usage in water treatment
- To remove impurities and contaminants in municipal and industrial wastewater, sodium hydroxide is utilized. The demand for sodium hydroxide in the water treatment industry is being driven by rising environment protection and the need for clean water.
Technological advancements
- The development of new and improved sodium hydroxide manufacturing procedures has increased production, cost reductions, and enhanced sustainability. For instance, the production of sodium hydroxide now uses far less energy and has less of an impact on the environment due to the advancement of membrane cell technology.
Sodium Hydroxide Market Restraints
Environmental regulations
- Due to sodium hydroxide's potential environmental impacts, its use is restricted by stringent environmental restrictions. Higher production costs could come from this, that would slow the market's expansion.
Health concerns
- There are concerns about the impact of sodium hydroxide on worker health as it may prove dangerous if not handled properly. More production costs and stricter safety regulations can result from this.
Fluctuating costs of raw materials
- Salt and electricity prices, the two primary elements used to make sodium hydroxide, often fluctuate. This could have an effect on market members' capacity to make a profit and restrict the market's growth.
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Sodium Hydroxide Market Competitive Landscape
The sodium hydroxide market is highly competitive with a number of key players operating globally. The market is characterized by high demand for the product from a variety of industries, including pulp and paper, textiles, soaps and detergents, and water treatment, among others. By increasing their distribution network, major companies are also focusing on demographic expansion into the undeveloped market.
Sodium Hydroxide Market Top Player’s Company Profiles
- Dow Chemical Company
- Solvay SA
- AkzoNobel N.V.
- Formosa Plastics Corporation
- Occidental Petroleum Corporation
- Hanwha Chemical Corporation
- Olin Corporation
- Tosoh Corporation
- Axiall Corporation
- Shin-Etsu Chemical Co. Ltd.
- Ineos Group Limited
- FMC Corporation
- Nouryon
- Tata Chemicals Limited
- PPG Industries, Inc.
- Gujarat Alkalies and Chemicals Ltd.
- Occidental Chemical Corporation
- Aditya Birla Chemicals
- Arkema Group
- BASF SE
Sodium Hydroxide Market Recent Developments
- In March 2021, Sodium hydroxide output at Nouryon's plant in Rotterdam will be increased by 90 kilotons annually, the company reported. The company attributed the expansion to an increase in the demand for the chemical on the European market.
- In April 2021, in six North American locations, including three that manufacture sodium hydroxide, the Dow Chemical Company announced that the divestment of its rail infrastructure assets had been completed. The action was a part of the company's continuous initiatives to streamline its business processes and improve its asset portfolio.
- In May 2021, A new line of environmentally friendly sodium bicarbonate products made using renewable energy sources has been introduced by Solvay. According to the business, the new items will assist customers in lowering their carbon footprint and achieving their sustainability objectives.
Sodium Hydroxide Key Market Trends
- The sodium hydroxide market is projected to increase over the coming years as a result of the increased demand for this chemical ingredient across numerous industries. One of the main trends for the sodium hydroxide market is the growing demand for paper and pulp products, which is forecast to increase sodium hydroxide usage. Sodium hydroxide is a crucial component in the pulp and paper sector since it breaks down and separates lignin from wood fibers, which is then used to make paper and other products. The rising demand for soaps and detergents is another significant trend for the sodium hydroxide industry. Because it aids in the process of converting fats and oils into soap, or saponification, sodium hydroxide is employed in the production of soaps and detergents. The demand for sodium hydroxide is anticipated to increase in the upcoming years due to the rising need for cleaning products.
Sodium Hydroxide Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Sodium Hydroxide market analysis, rising global demand for paper and packaging materials, sodium hydroxide demand is also increasing. The demand for sodium hydroxide is growing as a result of the flexibility, resilience, and environmental friendliness of rayon. The market has an opportunity as a consequence of the increasing emphasis on sustainability, which is driving the demand for environmentally friendly products and practices. In order to clean out impurities and pollutants from water, sodium hydroxide is utilized in the process. It is also used to make soaps and detergents that are more eco-friendly.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 29.88 billion |
| Market size value in 2031 | USD 42.53 billion |
| Growth Rate | 4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sodium Hydroxide Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sodium Hydroxide Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Sodium Hydroxide Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sodium Hydroxide Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sodium Hydroxide Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sodium Hydroxide Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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