Sodium Hydroxide (Caustic or NaOH) Market
Sodium Hydroxide (Caustic or NaOH) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Sodium Hydroxide (Caustic or NaOH) Market Size and Growth
The Sodium Hydroxide (NaOH) market is experiencing robust growth, driven by increasing demand across various industries like chemicals, textiles, and food processing. Estimated market size exceeds USD 40 billion, with a projected CAGR of 4-5% over the next five years, influenced by rising industrial activities and regulatory advancements.
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Companies Covered
(Covid 19 Impact Covered)
◍ DowDuPont
◍ 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 is competitive, with major players like DowDuPont, OxyChem, and Westlake driving growth through extensive production capacity and innovation. These companies enhance market development via strategic partnerships and sustainability initiatives. Sales figures include:
- DowDuPont: $39 billion (2020)
- Olin Corporation: $6.5 billion (2020)
- BASF: $78.6 billion (2020)
◍ Basf
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