Sodium hydroxide, also known as caustic soda, is an inorganic compound with wide applications across various end-use industries. It is widely used in paper, textile, soap and detergent manufacturing, petroleum products, and chemical processing. Sodium hydroxide is an alkaline metallic compound produced either from the electrolysis of brine or from the reaction of an alkali metal with water. It has strong alkaline properties and helps lower the pH of water. The compound is highly corrosive and can be dangerous if mishandled. However, it forms the backbone of many industrial and consumer products due its unique chemical and physical properties. The rising demand from key end-use industries is expected to drive growth in the sodium hydroxide market over the forecast period.
Market Dynamics:
The global sodium hydroxide market is expected to be driven by the increasing demand from key end-use industries such as paper and pulp, textile, chemical processing, petroleum products, soap, and detergents. Sodium hydroxide plays a vital role in the manufacturing process of these industries. Growth in the paper industry on account of the rising packaging demand from the food and pharmaceutical industries will continue to augment the market growth. However, threat of substitutes and volatile raw material prices may hamper market revenues. Adoption of sodium hydroxide in wastewater treatment applications and surging demand for cleaners and detergents from consumers present significant opportunities for market players.
Key Features of the Study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook