Global Sodium Hydroxide Market Growth 2023-2029

Global Sodium Hydroxide Market Growth 2023-2029

Sodium hydroxide is also known as caustic soda, caustic, and lye. Anhydrous (100%, solid) caustic soda has a chemical formula of NaOH and a molecular weight of 40.00.

It is available commercially in the form of liquid, solid, flakes, or particles. Sodium hydroxide has diverse industrial applications due to its strong alkaline nature. It is integral to the manufacture of petroleum products, pulp and paper, alumina, textiles, and soaps and detergents, along with its application in chemical processing, water treatment and petroleum processing.

For commercial purposes, caustic soda is used either in a 32%, 45% of 50% etc. aqueous solution or as a solid. Industrially, caustic soda is most commonly manufactured by the electrolysis of a sodium chloride (NaCl) solution. The co-products formed from the electrolytic production of caustic soda are chlorine and hydrogen.
LPI (LP Information)' newest research report, the “Sodium Hydroxide Industry Forecast” looks at past sales and reviews total world Sodium Hydroxide sales in 2022, providing a comprehensive analysis by region and market sector of projected Sodium Hydroxide sales for 2023 through 2029. With Sodium Hydroxide sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Sodium Hydroxide industry.
This Insight Report provides a comprehensive analysis of the global Sodium Hydroxide landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Sodium Hydroxide portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Sodium Hydroxide market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sodium Hydroxide and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Sodium Hydroxide.
The global Sodium Hydroxide market size is projected to grow from US$ 35200 million in 2022 to US$ 48780 million in 2029; it is expected to grow at a CAGR of 48780 from 2023 to 2029.
Dow Chemical, Oxychem, Westlake (Axiall), Olin Corporation, and Formosa Plastics Corporation are the leading sodium hydroxide players, the top 5 accounting for approximately 25% of the total market.
China is the largest producer of sodium hydroxide, accounting for about 33% of the total market, followed by North America with 20% market share.
This report presents a comprehensive overview, market shares, and growth opportunities of Sodium Hydroxide market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Liquid Caustic Soda
Solid Caustic Soda
Caustic Soda Flake
Caustic Soda Particle
Segmentation by application
Pulp and Paper
Textiles
Soap and Detergents
Bleach Manufacturing
Petroleum Products
Aluminum Processing
Chemical Processing
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
DuPont
OxyChem
Westlake (Axiall)
Olin Corporation
Formosa Plastics Corporation
Tosoh
Ineos Chlor Ltd
Asahi Glass
Covestro
Shin-Etsu Chemical
AkzoNobel
Hanwha Chemical
Solvay
LG Chemical
Tokuyama Corp
SABIC
Kemira
Basf
Aditya Birla Chemicals
GACL
ChemChina
Xinjiang Zhongtai Chemical
Xinjiang Tianye
Beiyuan Group
Shandong Jinling
SP Chemical(Taixing)
Haili Chemical
Huatai Group
Wanhua Chemical (Ningbo)
Tangshan Sanyou Alkali Chloride
Key Questions Addressed in this Report
What is the 10-year outlook for the global Sodium Hydroxide market?
What factors are driving Sodium Hydroxide market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Sodium Hydroxide market opportunities vary by end market size?
How does Sodium Hydroxide break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.