Dec 2, 2022   SOURCE: BusinessWire

Sodium Hydroxide (Solid, 50% Aqueous Solution) Markets - Global Forecast to 2027 - Increasing Demand for Alumina in Major End-Use Industries - ResearchAndMarkets.com

The "Sodium Hydroxide Market by Grade (Solid, 50% Aqueous Solution), Production Process, Application (Biodiesel, Alumina, Inorganic Chemicals, Organic Chemicals, Food, Pulp & Paper, Soap & Detergent, Textiles, Water Treatment), & Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

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%

The booming construction industry, including both residential and non-residential infrastructure across the world, is one of the major factors boosting the demand for paints & coatings. The titanium dioxide market is driven by the paints & coatings application in the construction and automotive industries, which is likely to have a positive impact on the sodium hydroxide market

Organic Chemicals is projected to be the fastest-growing segment by application in the Sodium Hydroxide market.

Based on application, organic chemicals is estimated to be the fastest-growing segment of Sodium Hydroxide during the forecast period.

Some of the major organic chemicals made from sodium hydroxide include propylene oxide, polycarbonates, ethylene amines, and epichlorohydrin; additionally, manufacturers of many organic chemicals use sodium hydroxide in neutralization and gas scrubbing. Propylene oxide is used in the production of polyether polyols, which are used for manufacturing rigid and flexible polyurethane foams.

Both rigid and flexible foams are used in car seats, hand rest, over liners, floors, and in other various interior, exterior, and under-the-bonnet applications. Epichlorohydrin has a wide range of applications in numerous end-use industries, which include paints & coatings, building & construction, and electronics & electrical systems. Thus, the growing automotive industry is one of the key driving factors in the sodium hydroxide market

The membrane cell process is projected to be the fastest-growing segment by the production process in the Sodium Hydroxide market.

Membrane cell is estimated to be the fastest-growing segment by the production process in the Sodium Hydroxide market during the forecast period. The membrane cell method utilizes a selective membrane that separates the chlorine and sodium ions.

The membrane permits the sodium ion to migrate across the membrane, keeping the chlorine gas and salt (brine) solution in a compartment on the opposite facet of the membrane. Companies are shifting toward the use of membrane cell technology due to safe raw materials, low electricity consumption, and the production of high-quality caustic soda.

The Asia Pacific is projected to be the fastest growing segment in Sodium Hydroxide market by region.

The Asia Pacific is the largest and fastest growing market for Sodium Hydroxide, followed by North America and Europe. China is the largest country-wise market in the region, and this trend is projected to continue over the next five years.

The growth of the market in the region is led by rapid industrialization, rising demand from various applications, and increasing government spending. Different companies are focusing on these emerging markets and increasing their footprints by setting up manufacturing facilities, distribution centers, and research & development centers

Competitive landscape

The companies profiled in this market research report include 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.

Market Dynamics

Drivers

  • Increasing Demand for Alumina in Major End-Use Industries
  • Steady Growth of Chemicals Industry

Restraints

  • Environmental Impact

Opportunities

  • Industrialization in Emerging Economies

Challenges

  • Highly Corrosive Nature of Caustic Soda and Compliance with Safety Standards

Industry Trends

Ecosystem

Trade Analysis

Technology Analysis

  • Mercury Cell
  • Diaphragm Cell
  • Membrane Cell

Regulatory Bodies, Government Agencies, and Other Organizations

Patent Analysis

  • Methodology
  • Document Type

Value Chain Analysis

Case Study: Efficient Recovery and Reuse of Caustic Soda from Mercerizing Wash Water

Trends & Disruptions Impacting Customers: Revenue Shift & New Revenue Pockets for Inorganic Chemicals

Key Conferences & Events in 2022-2023

Average Selling Price Analysis

Company Profiles

Key Players

  • Tata Chemicals Limited
  • Olin Corporation
  • Westlake Corporation
  • Occidental Petroleum Corporation
  • Dow
  • Solvay S.A
  • Basf Se
  • Xinjiang Zhongtai Chemical Co. Ltd.
  • Akzo Nobel N.V.
  • Brenntag North America, Inc.

Other Players

  • Ppg Industries, Inc.
  • Ineos Group Ag
  • Formosa Plastics Corporation
  • Fmc Corporation
  • Vynova
  • Nirma Limited
  • Covestro Ag
  • Hanwha Corporation
  • Shin-Etsu Chemical Co., Ltd.
  • Vats International
  • Soda - Arabian Alkali Company
  • Hawkins Inc.
  • Diversey Holdings Ltd.
  • Teco Chemicals As

For more information about this report visit https://www.researchandmarkets.com/r/k3nqf0