Global Pharma Grade Sodium Hydroxide Market Set to Reach USD 4.79 Billion by 2031, With a Sustainable CAGR Of 6.20% | Growth Market Reports

PUNE, India, Feb. 7, 2023 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Pharma Grade Sodium Hydroxide Market by Type (Liquid Sodium Hydroxide and Solid Sodium Hydroxide), Application (Pharmaceutical, Biotechnology, and Scientific Research), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031", the market size was USD 2.79 billion in 2022 and is expected to reach USD 4.79 billion expanding at a CAGR of 6.20% by the end of 2031. The market growth is attributed to the increasing use of sodium hydroxide in the pharmaceutical industry and rising awareness regarding the benefits of sodium hydroxide in cosmetics.

Key Market Players Profiled in the Report

• BioSpectra, Inc,
• Columbus Chemicals
• DCW Ltd
• Hunan Erkang Pharmaceutical Co., Ltd.
• ICL
• NAMA Chemicals
• Occidental Petroleum Corporation
• PCC Rokita SA
• TGV SRAAC LIMITED
• Westlake Corporation

Download PDF Sample here: https://growthmarketreports.com/request-sample/4880

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments, including type, application, and competitor analysis.

This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.

Highlights on the segments of the Pharma Grade Sodium Hydroxide Market

Based on types, the pharma grade sodium hydroxide market is segmented into liquid sodium hydroxide and solid sodium hydroxide. The liquid sodium hydroxide segment is expected to register a considerable CAGR during the forecast period as it is widely used in a wide range of applications including food additives, chemical fibers, water and sewerage, paper and pulp, and as a chemical agent.

For Any Questions on This Report: https://growthmarketreports.com/enquiry-before-buying/4880

On the basis of application, the market is fragmented into pharmaceuticals, biotechnology, and scientific research. The pharmaceuticals sector is anticipated to hold a major share of the global market in the coming years due to the extensive use of sodium hydroxide to manufacture medicines that are commonly used and pharmaceutical products.