Sodium Hydroxide Market Latest Trends and Growth Factors by Top Key Players: Dow Chemical Company, BASF SE, Gujarat Alkalies and Chemicals Ltd.

Sodium hydroxide, commonly known as Lye and Caustic soda is an inorganic compound with a chemical formula NaOH. It is a white solid ionic compound made up of Na+ sodium cations and OH- hydroxide anions. It is a highly caustic substance mainly used to make sodium salts and to neutralize acids. Sodium hydroxide solution is a colorless liquid that is denser than water. It is toxic by ingestion and corrosive to metals and tissue. Physical contact with it may cause severe irritation to the skin, eyes, and mucous membranes.

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The compound is majorly used in drain cleaner, detergents, soaps, drinking water, textiles, pulp & paper, etc. The global sodium hydroxide market is expected to grow at a significant rate due to the increasing application of the compound for industrial use. One of the major factors responsible for the growth of the global sodium hydroxide market includes growing industries such as food, pharmaceuticals, textiles, construction and paper and pulp across the globe.?

Sodium hydroxide: Chemistry and uses.
Sodium hydroxide is also commonly used to make paper or regenerated fibers in wood pulping. Sodium hydroxide, together with sodium sulfide, is the main element of the white liquor solution used in the Kraft method to distinguish lignin from cellulose fibers. It also plays a key role in several subsequent phases of bleaching the brown pulp arising from the pulping method. These phases include oxygen dealignment, oxidative extraction, and easy extraction, all requiring a powerful alkaline atmosphere at the end of the phases with a pH > 10.5.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Dow Chemical Company
2. BASF SE
3. Gujarat Alkalies and Chemicals Ltd.
4. PPG Industries
5. Xinjiang Zhongtai Chemical
6. Shaanxi Beiyuan
7. OxyChem
8. Asahi Kasei Chemicals
9. Hanwha Chemical Corporation
10. Shin-Etsu Chemical Co.
11. Occidental Chemical Corporation.

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The uses of sodium hydroxide in the food-related applications include washing or chemical peeling of fruits and vegetables, caramel coloring, poultry scalding, chocolate and cocoa processing, thickening ice cream, soft drink processing, and many others. Sodium carbonate is often used instead of sodium hydroxide due to the difficulty in acquiring food grade sodium hydroxide in tiny amounts for home use. Also, Sodium hydroxide is often used as an industrial cleaning agent, often referred to as "caustic". It is added to water; heated and then used to clean storage tanks, process equipment etc. It can dissolve deposits of grease, fats, oils, and proteins. Furthermore, sodium hydroxide is used for water purification in order to raise the pH levels of the water supply. Raising the pH makes the water less corrosive to plumbing and reduces the amount of copper, lead and other toxic materials that can dissolve into drinking water. Global Sodium Hydroxide Market?is projected to reach USD XX billion by 2028, growing at a CAGR of XX during the forecast period.

Which is the more preferred form of sodium hydroxide? Solid or liquid?
The sodium hydroxide market is segmented into liquid and solid. Among which liquid is expected to count for a relatively higher share in the market with a more prominent growth rate than solid form. This can be attributed to the liquid form being comparatively easy to handle and store than a solid form of sodium hydroxide.

Sodium Hydroxide expects demand for various applications.
The paper & pulp segment is expected to account for the highest demand in the market for sodium hydroxide due to its various applications in the processing of paper and pulp as mentioned above. Also, the demand for sodium hydroxide in the production of alumina and in the textile industry is expected to grow. Sodium hydroxide is used in the refining of ores like bauxite to produce alumina and with the increasing demand of alumina for processing plastics and composites as a filler material, is going to further propel the sodium hydroxide market.

Regional distribution of sodium hydroxide market-
Asia Pacific is expected to be the largest market for sodium hydroxide due to the growth of several industries using sodium hydroxide like the paper and pulp industry and the food processing industry. North America is also expected to have a significant share in the sodium hydroxide market as it is being used by a lot of research institutes and also as a cleaning agent.

A major restraint to the sodium hydroxide market is the use of potassium hydroxide as a replacement. Also, the high cost of production of sodium hydroxide is also expected to restrain the market.

Key Factors Impacting the Growth of Sodium Hydroxide Market:
o Increasing application of the sodium hydroxide compound for industrial use
o High demand from textile, paper & pulp and food industries
o Use of potassium hydroxide
o High cost of production

Key Developments in the Sodium Hydroxide Market:
o In December 2018, the board of directors of Gujarat Alkalies and Chemicals Ltd.(India) approved the expansion of their existing caustic soda plant of Dahej complex from 785 MTPD to 1200 MTPD.

Market Segmentation:
By Type:
o Liquid
o Solid
By Application:
o Food
o Paper & Pulp
o Pharmaceuticals & Medicine
o Textile
o Petroleum Products
o Chemical Processing
o Water Treatment
o Others
By Region:
o North America
o By Country (US, Canada, Mexico)
o By Type
o By Application
o Western Europe:
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Type
o By Application
o Eastern Europe:
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Application
o Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Type
o By Application
o Middle East:
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Type
o By Application
o Rest of the World
o By Region (South America, Africa)
o By Type
o By Application

Reasons to Buy This Report:
o Market size estimation of the global sodium hydroxide market on a regional and global basis.
o Unique research design for market size estimation and forecast.
o Profiling of major companies operating in the sodium hydroxide market with key developments.
o Broad scope to cover all the possible segments helping every stakeholder in the market.

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