Global Sodium Hydroxide Market: Overview
Sodium hydroxide (NaOH) is a white solid, highly caustic metallic alkali and base of sodium. It is an inorganic compound also known as caustic soda or lye. It is available in granules, solution, flakes, and pellets. The compound is majorly used in drain cleaner, detergents, soaps, drinking water, textiles, pulp and paper, etc. The global sodium hydroxide market is expected to grow at a significant growth rate, attributed to increasing application of the compound for industrial application. The market in Asia Pacific is expected to register a relatively high growth rate over the forecast period, owing to the high growth of paper as well as textile industry across the region.
Global Sodium Hydroxide Market: Dynamics
The major factors driving growth of the global sodium hydroxide market include growing industries such as food, pharmaceuticals, textiles, construction and paper and pulp across the globe. However, major substitute for sodium hydroxide is potassium hydroxide, which is expected to restrain the market over the forecast period. Additionally, high cost of production of sodium hydroxide is also expected to create negative impact on the market. Companies manufacturing sodium hydroxide products can leverage potential opportunities in regions such as North America, Europe and Asia Pacific, attributed to rapidly growing food and textiles industries, and the trend is expected to continue over the forecast period.
Global Sodium Hydroxide Market: Segmentation
The global sodium hydroxide market is segmented on the basis of end-use industry, application, and region. Among the end-use industry segments, pulp and paper industry segment contribute for significant value share over the forecast period in sodium chloride market. Based on product form, liquid is expected to count for relatively high revenue share with significant growth rate than solid form, attributed to comparatively easy to handle and store than solid form sodium hydroxide.
Based on the end-use Industry, the global sodium hydroxide market is segmented into:
- Pulp and Paper
- Personal Care
- Others (Drinking Water Treatment, Drain Cleaner, etc.)
Based on product form, the global sodium hydroxide market is segmented into:
- Liquid Form
- Solid Form (Pellets)
Based on application, the global sodium hydroxide market is segmented into:
- Cleaning Agent
Global Sodium Hydroxide Market: Regional Overview
On the basis of geography, the global sodium hydroxide market is segmented into seven regions namely, North America, Western Europe, Asia Pacific except Japan (APEJ), Eastern Europe, Latin America, the Middle East & Africa and Japan. Among the regions, APEJ dominates the global sodium hydroxide market in terms of revenue contribution owing to significant high demand from the pulp and paper industry in the region. APEJ is followed by North America, attributed to high demand for sodium hydroxide for research institutes in the region. Eastern Europe and Japan account for a relatively low value share in the global sodium hydroxide market. Latin America and Middle East & Africa are expected to represent moderate opportunity in the global sodium hydroxide market, owing to the moderately growing economy and industrial sector in the region. Overall, the outlook for the global sodium hydroxide market is positive over the forecast period.
Global Sodium Hydroxide Market: Key Players
Some of the players in the global sodium hydroxide market include The DOW Chemical Company, BASF SE, Ciech S.A., Gujarat Alkalies and Chemicals Limited, Kemira Chemicals, Inc., Shandong Haihua Group Co., Ltd., INEOS Newton Aycliffe Ltd., Solvay Chemicals, Tokuyama Corporation, Formosa Plastics Corp., Aditya Birla Chemicals (India) Limited, Saudi Arabia Basic Industries Corporation, Shin-Etsu Chemical Co. Ltd., Tata Chemicals Ltd., LG CHEM, LTD., PPG Industries, Bayer AG, Axiall LLC, Solvay SA, Hanwha Chemical Corporation, Shin-Etsu Chemical Co., and Occidental Chemical Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.