Lucintel's latest market report analyzed that sodium hydroxide provides attractive opportunities in the biodiesel, alumina, inorganic chemicals, organic chemicals, food, pulp & paper, soap & detergent, textiles, and water treatment applications. The sodium hydroxide market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, membrane cell is the largest segment by production process, whereas pulp and paper is largest by application.
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Based on production process, the sodium hydroxide market is segmented into membrane cell and diaphragm cell. The membrane cell segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, 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.
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The Sodium Hydroxide Market is marked by the presence of several big and small players. Some of the prominent players offering sodium hydroxide include The DOW Chemical, BASF SE, Ciech, Kemira Chemicals, Solvay Chemicals, Tokuyama, Formosa Plastics, PPG, and Bayer AG.
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