The global Sodium Hydroxide market is projected to grow from USD 49.3 billion in 2022 to USD 61.1 billion by 2027, at a CAGR of 4.4% during the forecast period. Increase in the demand from the alumina application industry increased the demand for sodium hydroxide in 2021, which was driven by the surge in construction activity in emerging markets.
Sodium hydroxide, also known as caustic soda, is a white inorganic substance with a crystalline structure. It exhibits strongly hygroscopic properties, and in combination with carbon dioxide in the air, it easily forms sodium carbonate. To avoid moisture from the surroundings, caustic soda must be stored in tightly sealed vessels or special bags. Sodium hydroxide is characterized by extremely high solubility in water, with which it reacts by producing large amounts of heat, thus forming highly caustic soda lye. Sodium hydroxide is highly corrosive. It is generally used as a solid or diluted in a 50% solution.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=91825689
The major industry players are adopted expansions, joint venture and new product development as growth strategies in the last four years. The leading players in the market are Tata Chemicals Limited (India), Olin Corporation (US), Westlake Corporation (US), Occidental Petroleum Corporation (US), Dow (US), Solvay S.A (Belgium), BASF SE (Germany), Xinjiang Zhongtai Chemical Co. Ltd (China), Akzo Nobel N.V (Netherlands), Brenntag North America, Inc (US), and others.
Tata Chemicals Limited is a sustainable chemistry solutions company. It operates through two verticals – Basic Chemistry (Alkali chemicals-soda ash, sodium bicarb, salt, silica & other halogen chemicals – caustic soda) and Specialty Products (specialty silica, prebiotics & formulations, agrochemicals, and seeds). The company’s product portfolio provides key ingredients to many of the world’s leading brands for glass, detergents, pharma, food, animal feed, and other industries. It is a global producer of soda ash and sodium bicarbonate (3rd and 6th market positions, respectively). Tata Chemicals has 13 manufacturing facilities across four countries (India, US, UK and Kenya) and marketing presence in 30 countries
Olin Corporation (Olin) is a Virginia corporation incorporated in 1892, having its executive offices in Clayton, Missouri. It operates under four business segments: caustic soda, chlorine and other products, epoxy, and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine, caustic soda, ethylene dichloride, vinylchloride monomer, methylchloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products, and potassium hydroxide. This business represented 46% of the company’s sales in 2021. For more than 100 years, it has been a global leader in producing both membrane-grade and commercial-grade caustic soda. More than 70% of the company’s output is high-purity caustic soda.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=91825689
Westlake Corporation is a manufacturer and supplier of petrochemicals, polymers, and building products. The company’s major products include ethylene, polyethylene, styrene, caustic soda, and chlorine. Westlake also provides a wide portfolio of low-density polyethylene and linear low-density polyethylene for use in high-clarity packaging, shrink films, cartons, lids, closures, and general-purpose molding. Its products are widely used in construction materials, automotive sealants, cable sheathing, pulp & paper, organic & inorganic chemicals, coatings, flavorants, films, refrigerants, water treatment applications, chemicals and pharmaceutical production, and medical applications. It has business presence in the Americas, Europe, and Asia. The company is headquartered in Houston, Texas, US.
Read Our Trending Press Release Below:
Ferro Silicon Companies
Green Preservatives Producers
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media ContactCompany Name: MarketsandMarkets™ Research Private Ltd.Contact Person: Mr. Aashish MehraEmail: Send EmailPhone: 18886006441Address:630 Dundee Road Suite 430City: NorthbrookState: IL 60062Country: United StatesWebsite: https://www.marketsandmarkets.com/Market-Reports/sodium-hydroxide-market-91825689.html
