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2023 Sodium Hydroxide Global Market | Insights, Industry Outlook, Growing Trends And Top Key Players Include Aditya Birla Chemicals, BASF SE, Bayer AG, Covestro AG, Dow DuPont
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Sodium Hydroxide Market Size, Growth Rate, And Forecast
The global sodium hydroxide market size is expected to grow from $37.10 billion in 2022 to $38.91 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sodium hydroxide market size is expected to grow to $46.27 billion in 2027 at a CAGR of 4.4%.
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Sodium Hydroxide Market Drivers
The growing pulp and paper industry is expected to propel the growth of the sodium hydroxide market going forward. The pulp and paper industry includes businesses that manufacture pulp, paper, paperboard and other such products. Sodium hydroxide in soda pulping or caustic soda in the kraft process is used to break the lignin bonds of wood being processed into pulp for papermaking. Sodium hydroxide is used as the cooking chemical in the soda pulping process to create wood pulp. The increasing demand from the pulp and paper industry will drive the sodium hydroxide market.
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Sodium Hydroxide Market Segments
• By Product Form: Liquid Form, Solid Form
• By Production Process: Membrane Cell, Diaphragm Cell, Other Production Process
• By Application: Textile, Pulp and Paper, Soaps and Detergent, Dyes and Inks, Pesticides, Pharmaceuticals, Water Treatment, Petrochemicals, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Sodium Hydroxide market.
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Sodium Hydroxide Market Key Players
Major competitors in the Sodium Hydroxide market include Aditya Birla Chemicals, BASF SE, Bayer AG, Covestro AG, Dow DuPont, Gujarat Alkalies and Chemicals Limited, Tata Chemicals Ltd., Tokuyama Corporation, INEOS Newton Aycliffe Ltd., Occidental Petroleum Corporation
The Business Research Company's "Global Sodium Hydroxide Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Sodium Hydroxide Market Include:
1. Executive Summary
2. Sodium Hydroxide Market Characteristics
3. Sodium Hydroxide Market Trends And Strategies
4. Sodium Hydroxide Market - Macro Economic Scenario
5. Sodium Hydroxide Market Size And Growth
………
28. Key Mergers And Acquisitions In The Sodium Hydroxide Market
29. Sodium Hydroxide Market Future Outlook and Potential Analysis
30. Appendix
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