Chemicals Industry Today
Global Sodium Hydroxide Market will reach 27500 million US$ by the end of 2025
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.
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In the past several years, the price of sodium hydroxide showed a trend of fluctuations due to the change of global demand ans supply. In future, the sodium hydroxide price will be full of uncertainty and not yet on a stable footing, affected by the global economy.
China is the largest producer and consumer of sodium hydroxide, driven by its status as the workshop of the world; Currently the sodium hydroxide in China is being excess of production capacity and the government and the top players are thinking to curb overcapacity in chlor-alkali. In future, China will remain its existing status and will have more greater influence on global sodium hydroxide supply and demand. There are lots of producers in China, but most of them are small and medium-sized producers and supply the low-end price, low price and fierce competition.
North America is the second producer and consumer, and the American producers like Dow Chemical, OxyChem, Axiall and Olin Corporation, are dominating the North America market, these players also play important role in global market.
The global Sodium Hydroxide market is valued at 22200 million US$ in 2017 and will reach 27500 million US$ by the end of 2025, growing at a CAGR of 2.7% during 2018-2025.
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The major manufacturers covered in this report
Formosa Plastics Corporation
Aditya Birla Chemicals
Xinjiang Zhongtai Chemical
Shaanxi Beiyuan Group
Shandong Haili Chemical
Shandong Huatai Group
Wanhua Chemical (Ningbo)
Tangshan Sanyou Alkali Chloride
Henan Shenma Chhlorine Alkali
Sinopec Qilu Petrochemical
Shandong Dadi Salt Chemical
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
Other Regions (India, Southeast Asia, Central & South America and Middle East & Africa)