Sodium Hydroxide Market Size- By Grade, By Production Process, By Application, By Product Type, By Packaging Type- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Global Sodium Hydroxide Market Overview:

According to SPER Market Research, the Global Sodium Hydroxide Market is estimated to reach USD 77.78 billion by 2032 with a CAGR of 4.6%.

One of the key elements driving up demand for paints and coatings is the global growth in the building sector, which includes both residential and non-residential infrastructure. The construction and automotive sectors' use of paints and coatings is what drives the titanium dioxide industry, which is expected to have a beneficial effect on the sodium hydroxide market. An energy-intensive method that makes use of a sizable amount of caustic soda as the dissolving agent refines aluminium from raw bauxite ore. Because it is affordable and widely accessible, caustic soda is utilised. The three main end-use sectors for aluminium are transportation, containers, and packaging. Aluminium is used to create frames for doors and windows, stairs, heating systems, roofing, furniture, and other items in the building and construction sector. Along with other things, it is employed in the construction of buildings, bridges, and roads. As it is prone to moist deposition and easily interacts with other compounds, sodium hydroxide exposed to the atmosphere might be extremely harmful. It may easily react with airborne water vapour to form an aerosol or mist that is extremely corrosive. When inhaled, concentrated aerosol components (such as silica, asbestos, and others) can cause serious upper respiratory tract irritation and a range of illnesses, including silicosis and black lung. Since there is a hydroxide anion present in its composition, sodium hydroxide has a very strong base. If this were to be dumped in the water, it would be regarded as contamination. The main impact of sodium hydroxide would be to increase the pH of the water. The ocean will manufacture carbonic acid if it becomes too basic, which will release additional hydrogen ions and make the ocean even more acidic. Clams, mussels, and other marine species will create weaker shells as the ocean's acidity level rises, and they won't survive. Coral will also be impacted by calcium carbonate-based skeletons. Since coral provides oxygen and food to marine life, they are essential to the ecosystem. Plastics, aluminium, and other materials are increasingly needed for diverse uses in these industries due to rising demand from the packaging, building & construction, consumer goods, and automotive sectors in these nations.

Over the next five years, the sodium hydroxide market is anticipated to be driven by rising economies including China, India, South Korea, Indonesia, Thailand, Taiwan, Mexico, Brazil, and Argentina as their industrialisation continues to rise. Recently, the worldwide market for chemicals has experienced some brisk growth. Similar robust growth is anticipated over the projection period. Positive developments in the global chemicals industry give the firm, which makes and sells a variety of chemicals and has clients all over the world, the growth potential for the sodium hydroxide market. Solid sodium is extremely corrosive. Any point of contact with the body that is affected by its reaction to greases and fats might sustain permanent harm (for example skin or eyes). Solutions of sodium hydroxide in water can be corrosive, irritant, or non-irritant depending on the concentration, and they can have immediate local effects when they come into contact with the body. It is quite corrosive to use sodium hydroxide. As it dissolves, it may react with moisture in the air and produce heat. If it is near combustible objects, this heat can be sufficient to start a fire. According to grade, the 50% W/W Solution market for sodium hydroxide is anticipated to be the biggest and expand at the quickest rate during the projected period. The creation of soap and detergents, as well as the chemical, pharmaceutical, textile, pulp & paper, metal, and food sectors, employ sodium hydroxide 50% w/w aqueous solution as a chemical reactant or neutralising agent.

Additionally, it is employed in the production of food items as well as synthetic materials like rayon. In the production of bioethanol and biodiesel, it is used to alter pH and to create sodium methylate in situ. Most often, membrane-grade sodium hydroxide generated by the membrane cell method is mentioned. Additionally, it has gained recognition as a rayon-grade product in all fields other than the manufacturing of rayon fabric. Compared to the diaphragm and mercury cell processes, the membrane cell process has a comparatively lower environmental effect. Due to the manufacture of high-quality caustic soda, safe raw materials, and low electricity usage, businesses are converting to membrane cell technology. The increase in manufacturing capabilities has a direct impact on the sodium hydroxide market's growth. Throughout the projected period, rising demand from the pulp & paper and textile sectors is anticipated to fuel market expansion.

Impact of COVID-19 on the Global Sodium Hydroxide Market:

Despite the COVID-19 outbreak's effects, sodium hydroxide sales were predicted to slightly grow. Numerous sectors have been damaged by the COVID-19 epidemic. Shortly, sodium hydroxide demand for use in water treatment applications has increased globally. The crisis has had a minor influence on the sodium hydroxide market. But in terms of long-term growth prospects, the market has recently shown signs of recovery and is anticipated to return to its pre-pandemic levels, driven by a rebound in end users.

Scope of the Report:

• Market size available for years: 2019-2032

• Base year considered: 2021

• Forecast period: 2022-2032

• Segments covered: By Grade, By Production Process, By Application, By Product Type, By Packaging Type

• Regions covered: North America, Europe, Asia Pacific, Latin America, Middle East and Africa

• Companies Covered: Aditya Birla Chemicals, Akzo Nobel N.V, Axiall LLC, BASF SE, Bayer AG, Brenntag North America, Inc., BSC Chemicals, Chemical Store Inc., Ciech S.A., CJ Chemicals, Covestro AG, Dow Chemical Company, FMC Corporation, Formosa Plastics Corp., GFS Chemicals,Inc., GJ Chemical, Gujarat Alkalies and Chemicals Limited, Hanwha Chemical Corporation, INEOS Newton Aycliffe Ltd., Kemira Chemicals, Inc., LG CHEM, LTD., Occidental Chemical Corporation., Olin Corporation, PPG Industries, ProChem, Inc., Sanmar Group, Saudi Arabia Basic Industries Corporation, Shandong Haihua Group Co.,Ltd., Shin-Etsu Chemical Co Ltd, Sigma Aldrich, Solvay SA, Tata Chemicals Limited Westlake Corporation, Tokuyama Corporation, Tosoh Corporation, Vynova Group, Westlake Chemical Corporation, Xinjiang Zhongtai Chemical Co. Ltd.

Global Sodium Hydroxide Market Segmentation:

• By Grade: Based on the Grade, Global Sodium Hydroxide Market is segmented as; Solid, 50% Aqueous Solution, ACS Grade, Rayon Grade, Food Grade, Laboratory Grade, Industrial Grade, Pharmaceutical Grade & Others.

• By Production Process: Based on the Production Process, Global Sodium Hydroxide Market is segmented as; Membrane Cell, Diaphragm Cell, Mercury Cell, Lime Soda Process & Others.

• By Application: Based on the Application, Global Sodium Hydroxide Market is segmented as; Biodiesel, Alumina, Inorganic Chemicals, Organic Chemicals, Food, Pulp & Paper, Soap & Detergent, Textiles, Water Treatment, Dyes & Inks, Pesticides, Pharmaceuticals, Petrochemicals, Power & Steel, Food Processing, Cleaning Agent, Catalyst & Additive.

• By Product Type: Based on the Product Type, Global Sodium Hydroxide Market is segmented as; Flakes, Caustic Lye & Particle.

• By Packaging Type: Based on the Packaging Type, Global Sodium Hydroxide Market is segmented as; High Density Polyethylene/Polypropylene Bags, Plastic Bottles/Cans, Plastic Drums & Other.

• By Region: After North America and Europe, Asia Pacific has the largest and fastest-growing market for sodium hydroxide. China, India, and Southeast Asia are predicted to see rapid growth in the Asia Pacific region throughout the projection period. Rapid industrialisation, increased demand from diverse applications, and rising government investment are driving the market expansion in the area. By establishing manufacturing facilities, distribution centres, and research & development centres, several businesses are concentrating on these rising areas and expanding their footprints.