Sodium hydroxide (NaOH) is a highly versatile inorganic compound, also known as caustic soda or lye. It is a white solid, highly caustic metallic alkali and base of sodium. It is broadly used in the manufacturing of paper, soaps, rayon, mercerized cotton, cellophane, aluminum, and many chemicals. The compound is used in petroleum refining, etching, degreasing, tin plating, zinc extraction, oxide coating, and food processing. It is used as a drain cleaner in its concentrated form. Sodium hydroxide is also employed in the production of a variety of medicines and pharmaceutical products such as aspirin, anticoagulants, and cholesterol-reducing medications.
MARKET DYNAMICS
The tremendous growth of various industries including textiles, pharmaceuticals, food, paper and pulp is the major factor that propels the growth of sodium hydroxide market. These industries highly contribute to the market share of sodium hydroxide consumption, directly causing the market expansion. The escalating demand for alumina, textiles, and paper owing to the rising population, growth in the construction and automobile industry as well as improving economic scenario is likely to drive the market growth. With the growing awareness for waste management and water conservations, sodium hydroxide is also anticipated to witness a growth in the water purification and waste management industry.
MARKET SCOPE
The "Global Sodium Hydroxide Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sodium hydroxide market with detailed market segmentation by product form, application, end user and geography. The global sodium hydroxide market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sodium hydroxide market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global sodium hydroxide market is segmented on the basis of product form, application, and end user. On the basis of product form, sodium hydroxide market is classified into liquid form and solid form. On the basis of application, market is segmented into cleaning agent, catalyst, and additive. On the basis of end user, market is segmented into pulp and paper, personal care, textile, pharmaceutical, food, petroleum, aluminum, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global sodium hydroxide market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The sodium hydroxide market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the sodium hydroxide market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sodium hydroxide market in these regions.
MARKET PLAYERS
The reports cover key developments in the sodium hydroxide market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from sodium hydroxide market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the sodium hydroxide market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sodium hydroxide market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Bayer AG
- Ciech S.A
- Dow, Inc.
- Formosa Plastics Corporation
- Hanwha Solutions
- INEOS
- Kemira
- SABIC
- SOLVAY
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.