The growing demand for sodium hydroxide from various end-use sectors is encouraging market players to invest heavily in expanding their production capacities. East Asia is estimated to remain a key regional market owing to increasing applications, particularly driven by the demand for textile chemicals in the textile industry.
Furthermore, the outbreak of the COVID-19 virus has resulted in reduced growth of many end-use industries including automotive and construction. This outbreak also has impacted the chemical industry. The losses arising during the pandemic have resulted in subduing growth for the sodium hydroxide market. However, the increasing demand in the pulp and paper industry is expected to support recovery of the sodium hydroxide market.
Leading players in the sodium hydroxide market are focusing on strategic expansions of production capacity, in addition to collaborations, partnerships, and acquisitions to produce high-quality products. They are also focusing on bolstering their product portfolio and developing stronger distribution partnerships.
Key manufacturers in the sodium hydroxide market, include but are not limited to Olin Corporation, Tosoh Corporation, BASF SE, Formosa Plastics Corporation, Dow Chemical Company, Shin-Etsu Chemical Co Ltd, Westlake Chemical Corporation, Covestro AG, Solvay S.A., Gujarat Alkalies and Chemicals Limited, Occidental Petrochemical Corporation, Tata Chemicals Ltd., Xinjiang Zhongtai Chemical Co. Ltd, Vynova Group, CJ Chemicals, ProChem, Inc., Chemical Store Inc, GFS Chemicals, Inc.
Furthermore, the outbreak of the COVID-19 virus has resulted in reduced growth of many end-use industries including automotive and construction. This outbreak also has impacted the chemical industry. The losses arising during the pandemic have resulted in subduing growth for the sodium hydroxide market. However, the increasing demand in the pulp and paper industry is expected to support recovery of the sodium hydroxide market.
Key Takeaways from Sodium Hydroxide Market Study
- Caustic lye holds over 63% of the global value share in 2021 owing to easier applications particularly in the chemical industry.
- Textile applications will account for over 19% of the market through the end of 2031, driven by inking and dyeing applications.
- China is dominant in East Asia with a share of over 63% through the assessment period, supported by the presence of prominent end-use industries in the country.
- The U.S. is a lucrative market accounting for over 89% of North America, propelled by demand in the automotive and construction sectors.
- India followed by ASEAN countries account for a cumulative share of over 72% of the South Asia and Pacific market, albeit driven by a fragmented end-use sector.
Who is Winning?
Leading players in the sodium hydroxide market are focusing on strategic expansions of production capacity, in addition to collaborations, partnerships, and acquisitions to produce high-quality products. They are also focusing on bolstering their product portfolio and developing stronger distribution partnerships.
Key manufacturers in the sodium hydroxide market, include but are not limited to Olin Corporation, Tosoh Corporation, BASF SE, Formosa Plastics Corporation, Dow Chemical Company, Shin-Etsu Chemical Co Ltd, Westlake Chemical Corporation, Covestro AG, Solvay S.A., Gujarat Alkalies and Chemicals Limited, Occidental Petrochemical Corporation, Tata Chemicals Ltd., Xinjiang Zhongtai Chemical Co. Ltd, Vynova Group, CJ Chemicals, ProChem, Inc., Chemical Store Inc, GFS Chemicals, Inc.
Table of Contents
1. Executive Summary
2. Market Overview
3. Key Market Trends
4. Key Success Factors
5. Global Sodium Hydroxide Market Demand Analysis 2016-2020 and Forecast, 2021-2031
6. Global Sodium Hydroxide Market - Pricing Analysis
7. Global Sodium Hydroxide Market Demand (in Value or Size in US$ Mn) Analysis 2016-2020 and Forecast, 2021-2031
8. Market Background
9. Global Sodium Hydroxide Market Analysis 2016-2020 and Forecast 2021-2031, By Product Type
10. Global Sodium Hydroxide Market Analysis 2016-2020 and Forecast 2021-2031, By Application
11. Global Sodium Hydroxide Market Analysis 2016-2020 and Forecast 2021-2031, by Region
12. North America Sodium Hydroxide Market Analysis 2016-2020 and Forecast 2021-2031
13. Latin America Sodium Hydroxide Market Analysis 2016-2020 and Forecast 2021-2031
14. Europe Sodium Hydroxide Market Analysis 2016-2020 and Forecast 2021-2031
15. East Asia Sodium Hydroxide Market Analysis 2016-2020 and Forecast 2021-2031
16. South Asia & Pacific Sodium Hydroxide Market Analysis 2016-2020 and Forecast 2021-2031
17. Middle East and Africa Sodium Hydroxide Market Analysis 2016-2020 and Forecast 2021-2031
18. Key and Emerging Countries Sodium Hydroxide Market Analysis
19. Market Structure Analysis
20. Competition Analysis
Companies Mentioned
- BASF SE
- The Dow Chemical Company
- Shin-Etsu Chemical Co., Ltd.
- PPG Industries, Inc.
- FMC Corporation
- Olin Corporation
- Tosoh Corporation
- Formosa Plastics Corporation
- Westlake Chemical Corporation
- Covestro AG
- Solvay S.A.
- Gujarat Alkalies and Chemicals Limited
- Occidental Petrochemical Corporation
- Tata Chemicals Ltd.
- Xinjiang Zhongtai Chemical Co. Ltd.
- Vynova Group
- CJ Chemicals
- GJ Chemical
- ProChem, Inc.
- Chemical Store Inc.
- E & C Chemicals Inc.
- GFS Chemicals, Inc.