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Global Sodium Hydroxide Market size was valued at USD 28732.69 million in 2021 and is poised to grow from USD 29882.6 million in 2022 to USD 46048.7 million by 2030, growing at a CAGR of 4% in the forecast period (2023-2030).

The sodium hydroxide market is highly competitive with a number of key players operating globally. The market is characterized by high demand for the product from a variety of industries, including pulp and paper, textiles, soaps and detergents, and water treatment, among others. By increasing their distribution network, major companies are also focusing on demographic expansion into the undeveloped market. 'Dow Chemical Company', 'Solvay SA', 'AkzoNobel N.V.', 'Formosa Plastics Corporation', 'Occidental Petroleum Corporation', 'Hanwha Chemical Corporation', 'Olin Corporation', 'Tosoh Corporation', 'Axiall Corporation', 'Shin-Etsu Chemical Co. Ltd.', 'Ineos Group Limited', 'FMC Corporation', 'Nouryon', 'Tata Chemicals Limited', 'PPG Industries, Inc.', 'Gujarat Alkalies and Chemicals Ltd.', 'Occidental Chemical Corporation', 'Aditya Birla Chemicals', 'Arkema Group', 'BASF SE'

The production of bleached pulp uses sodium hydroxide, a crucial chemical used in the pulp and paper sector. The demand for sodium hydroxide is rising along with the global demand for paper and packaging products.

The sodium hydroxide market is projected to increase over the coming years as a result of the increased demand for this chemical ingredient across numerous industries. One of the main trends for the sodium hydroxide market is the growing demand for paper and pulp products, which is forecast to increase sodium hydroxide usage. Sodium hydroxide is a crucial component in the pulp and paper sector since it breaks down and separates lignin from wood fibers, which is then used to make paper and other products. The rising demand for soaps and detergents is another significant trend for the sodium hydroxide industry. Because it aids in the process of converting fats and oils into soap, or saponification, sodium hydroxide is employed in the production of soaps and detergents. The demand for sodium hydroxide is anticipated to increase in the upcoming years due to the rising need for cleaning products.

The market for sodium hydroxide is currently dominated by the Asia-Pacific region, and this dominance is expected to continue in the coming years. The region's paper, pulp, and textile industries are driving up need for sodium hydroxide. Moreover, the larger population necessitates more cleaning, recycling, and therapeutic procedures, which ultimately raises the level of sodium oxide. China maintains its position as the world's workshop by ranking highest among the Asia Pacific nations and being both the largest consumer and producer of caustic soda. Due to the abundance of medium-scale producers and stiff competition, it is predicted that China will continue to dominate other countries in terms of supply and demand in the future.

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Global Sodium Hydroxide Market

Product ID: SQMIG35I2096