Sodium Hydroxide Market
Sodium Hydroxide Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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Sodium Hydroxide Market Size and Growth
The Sodium Hydroxide market is projected to reach USD 50 billion by 2026, driven by demand in diverse sectors including textiles, chemicals, and food processing. Market conditions indicate growth due to increased industrial applications and environmental regulations. Expansion in emerging economies fuels investment and innovation in production technologies.
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Companies Covered
(Covid 19 Impact Covered)
◍ DuPont
◍ OxyChem
◍ Westlake (Axiall)
◍ Olin Corporation
◍ Formosa Plastics Corporation
◍ Tosoh
◍ Ineos Chlor Ltd
◍ Asahi Glass
◍ Covestro
◍ Shin-Etsu Chemical
◍ AkzoNobel
◍ Hanwha Chemical
◍ Solvay
◍ LG Chemical
◍ Tokuyama Corp
◍ SABIC
◍ Kemira
The sodium hydroxide market features key players like DuPont, OxyChem, and Westlake, driving growth through innovation and diverse applications. Companies such as Olin and Formosa Plastics enhance production capabilities, while others like AkzoNobel and Covestro expand market reach, contributing to a robust industry landscape. Revenue figures include:
- Olin Corporation: ~$1.5 billion
- Westlake: ~$11 billion
- LG Chemical: ~$25 billion
◍ Basf
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Market Segmentation
By Application
◍ Pulp and Paper
◍ Textiles
◍ Soap and Detergents
◍ Bleach Manufacturing
◍ Petroleum Products ◍ Aluminum Processing ◍ Chemical Processing ◍ Other
By Product
◍ Liquid Caustic Soda
◍ Solid Caustic Soda
◍ Caustic Soda Flake
◍ Caustic Soda Particle
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$ 3059.02 Million
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