Sodium Hydroxide Market Sales, Key Players, Grade, Application and Size to Grow USD 61.1 Billion by 2027 - ReportsnReports

PUNE, India, Sept. 22, 2022 /PRNewswire/ -- ReportsnReports added Global 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 and Forecast to 2027.

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% during the forecast period. 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.

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

Based on application, organic chemical 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 

"Membrane cell process is projected to be the fastest-growing segment by production process in 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.