According to SPER Market Research, the Sodium Hydroxide Market is estimated to reach USD 77.78 billion by 2032 with a CAGR of 4.6%. The global market for chemicals has recently seen some quick expansion. Throughout the projection period, similar significant growth is predicted. The company, which manufactures and sells a range of chemicals and has clients all over the world, has growth potential for the sodium hydroxide market due to favourable changes in the global chemicals business.
Sodium Hydroxide Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 6.84%
- Forecast Market Size (2032): 48.22 billion
Despite the COVID-19 outbreak’s impact, a modest increase in sodium hydroxide sales was anticipated. The COVID-19 outbreak has harmed a number of industries. Global demand for sodium hydroxide for use in water treatment applications is expected to rise in the near future. On the market for sodium hydroxide, the crisis has had a negligible impact. However, the market has lately started to show signs of recovery and is predicted to return to its pre-pandemic levels, led by a comeback in end users, in terms of long-term growth possibilities.
Impact of COVID-19 on the Sodium Hydroxide Market
Despite the COVID-19 outbreak’s effects, sodium hydroxide sales were predicted to slightly grow. Numerous sectors have been damaged by the COVID-19 epidemic. Shortly, sodium hydroxide demand for use in water treatment applications has increased globally. The crisis has had a minor influence on the sodium hydroxide market. But in terms of long-term growth prospects, the market has recently shown signs of recovery and is anticipated to return to its pre-pandemic levels, driven by a rebound in end users.
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Sodium Hydroxide Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
- 50% Aqueous Solution
- ACS Grade
- Rayon Grade
- Food Grade
- Laboratory Grade
- Industrial Grade
- Pharmaceutical Grade
By Production Process:
- Membrane Cell
- Diaphragm Cell
- Mercury Cell
- Lime Soda Process
- Inorganic Chemicals
- Organic Chemicals
- Pulp & Paper
- Soap & Detergent
- Water Treatment
- Dyes & Inks
- Power & Steel
- Food Processing
- Cleaning Agent
- Catalyst & Additive
By Product Type:
- Caustic Lye & Particle
By Packaging Type:
- High Density Polyethylene/Polypropylene Bags
- Plastic Bottles/Cans
- Plastic Drums
- North America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Sodium Hydroxide Market Key Players:
The Sodium Hydroxide Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Aditya Birla Chemicals, Akzo Nobel N.V, Axiall LLC, BASF SE, Bayer AG, Brenntag North America, Inc., BSC Chemicals, Chemical Store Inc., Ciech S.A., CJ Chemicals, Covestro AG, Dow Chemical Company, FMC Corporation, Formosa Plastics Corp., GFS Chemicals,Inc., GJ Chemical, Gujarat Alkalies and Chemicals Limited, Hanwha Chemical Corporation, INEOS Newton Aycliffe Ltd., Kemira Chemicals, Inc., LG CHEM, LTD., Occidental Chemical Corporation., Olin Corporation, PPG Industries, ProChem, Inc., Sanmar Group, Saudi Arabia Basic Industries Corporation, Shandong Haihua Group Co.,Ltd., Shin-Etsu Chemical Co Ltd, Sigma Aldrich, Solvay SA, Tata Chemicals Limited Westlake Corporation, Tokuyama Corporation, Tosoh Corporation, Vynova Group, Westlake Chemical Corporation, Xinjiang Zhongtai Chemical Co. Ltd.
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