India Sodium Hydroxide Market was valued at US$ 11.2 Bn in 2019 and is expected to reach US$ 18.9 Bn by 2027, at a CAGR of 6.8% during the forecast period.
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Sodium Hydroxide, also known as Caustic soda and lye is a highly caustic metallic base which is a white solid available in pellets, flakes, and granules and as a 50% saturated solution. Sodium hydroxide is a co-product of chlorine production by the electrolysis of brine. The compound is majorly used in soap & detergent, paper & pulp, textile, chemical processing, water treatment, petroleum & Aluminium product, metallurgy, etc. The India sodium hydroxide market is expected to grow at a significant growth rate, due to the increasing application of the compound for industrial application.
The rising industrialization activities in the country, coupled with the emerging lifestyle and improving economy are further likely to boost demand for caustic soda in India during the forecast period.
Based on the form, the liquid form is the most widely used form for Sodium Hydroxide. Sodium hydroxide is handled as a liquid because it is easy to pump a liquid and because keeping sodium hydroxide in a solid form required special air-tight containment that would be expensive. Most uses of sodium hydroxide are made in the liquid phase anyway, so it would be a wasted effort to manage it as a solid.
Based on the application, Textiles is the dominating as well as the fastest-growing application of Caustic Soda during 2018-2026. Sodium hydroxide is consumed in many textile processes, including the wet processes of desizing, scouring, and mercerization and dyeing of cotton fabrics. Rising industrialization activities in the country, coupled with the emerging lifestyle and improving economy are further likely to boost demand for caustic soda in India during the forecast period.
The growth of the caustic soda market in India is directly proportional to demand generating from various end-users. Textile, Paper and Aluminium industries are the major end-users expected to drive India caustic soda market during the forecast period. Moreover, a growing sedentary lifestyle is contributing to growth in the textile market in India, owing to increasing government effort to boost textile exports.
Furthermore, the India paper industry is projected to exhibit a CAGR during the forecast period. In addition, expanding metallurgical applications of caustic soda in the country is further forecast to drive growth in India caustic soda market in the coming years.
Manufacturing companies of sodium hydroxide products can influence potential opportunities in India, due to rapidly growing food and textiles industries, and the trend is likely to continue over the forecast period.
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India Sodium Hydroxide Market, by Form
• Liquid Form
• Solid Form
India Sodium Hydroxide Market, by Application
• Food
• Paper and pulp
• Soaps and Detergents
• Pharmaceuticals & Medicine
• Textiles
• Petroleum Products
• Aluminium Products
• Chemical Processing
• Water Treatment
• Steel/Metallurgy - Sintering
Key Players Operating in the India Sodium Hydroxide Market
• Tata Chemicals Ltd.
• Gujarat Alkalies and Chemicals Limited
• Aditya Birla Chemicals (India) Limited
• DOW Chemical Company
• Ciech S.A.
• Kemira Chemicals, Inc.
• Shandong Haihua Group Co., Ltd.
• INEOS Newton Aycliffe Ltd.
• Solvay Chemicals
• Tokuyama Corporation
• Formosa Plastics Corp.
• Shin-Etsu Chemical Co. Ltd.
• LG CHEM, LTD.
• PPG Industries
• Bayer AG
• Axiall LLC
• Hanwha Chemical Corporation
• Shin-Etsu Chemical Co.
• Occidental Chemical Corporation
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