Sodium hydroxide is a solid ionic compound. It is generated as a co-product in the making of chlorine. In its unmixed form, it is crystalline solid and uncolored in nature. This compound is excessively water soluble and contains sodium cations and hydroxide anions. It soaks up moisture from the air. In the sodium hydroxide market, it is extremely corrosive and can result in grave skin burns and inconvenience to the eyes and other body parts.
The Market Insight
The global sodium hydroxide market was valued at USD 48.48 billion in 2022 and is expected to grow at USD 74.82 billion with a CAGR of 4.5% during the forecast period 2032.
The speedy escalation in water shortage globally and several kinds of stringent legislation to manage the impurity in water bodies that impact the usage of sodium hydroxide or caustic soda in the water treatment, which notably escalated the pH of water through soaking up water and carbon dioxide are the key factors driving the market growth. In the sodium hydroxide market, the augmentation of chemical industries, which broadly uses sodium hydroxide in several applications as reactants and feedstock in the making of several chemicals, is further pushing the market growth.
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Asia Pacific: The speedily escalating estimate of industrialization and surge in government disbursement towards the advancement and product invention significantly in surfacing economies such as India, China, Indonesia, and Malaysia push the growth in this regional market.
North America: This region is anticipated to grow at a higher CAGR due to excessive technological progressions in the manufacturing sector and the surfacing of the region as a prime consumer of sodium hydroxide globally with escalating demands of industries such as paper and pulp, textiles, and chemicals.
The future of sodium hydroxide is great as it is an excessively adaptable substance utilized to make an assortment of daily products such as paper, aluminum, commercial drain and oven cleaners, soaps, and detergents.
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