According to the recent study the sodium hydroxide market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 4% to 6% from 2023 to 2028. Growth in this market is primarily driven by growing construction activities of both residential and non-residential infrastructure across the world and growing use of sodium hydroxide for waste management and conservations.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in sodium hydroxide market by grade (solid, 50% aqueous solution, and others), production process (membrane cell and diaphragm cell), application (biodiesel, alumina, inorganic chemicals, organic chemicals, food, pulp & paper, soap & detergent, textiles, and water treatment), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Membrane cell market is expected to remain the largest segment during the forecast period.”

Based on production process, the sodium hydroxide market is segmented into membrane cell and diaphragm cell. Lucintel forecasts that the membrane cell market is expected to remain the largest segment due to because 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, and the 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.

“Within the sodium hydroxide market, the pulp and paper segment is expected to remain the largest application”

Based on application the pulp and paper segment is expected to witness the highest growth over the forecast period due to because it is used to regenerate certain chemicals like sodium sulphide or white liquor, which are used for pulping the wood into fibers therefore, the reuse of most of the substances reduces the overall cost of the industry.

“Asia pacific will dominate the sodium hydroxide market in near future”

APAC will remain the largest region due to rapid industrialization, rising demand from various applications, increasing government spending, and increase in the demand from the alumina application industry increased the demand for sodium hydroxide.

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Major players of sodium hydroxide market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. The DOW Chemical, BASF SE, Ciech, Kemira Chemicals, Solvay Chemicals, Tokuyama, Formosa Plastics, PPG, and Bayer AG are among the major sodium hydroxide providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/sodium-hydroxide-market.aspx or [email protected]