Europe Sodium Hydroxide Market 2023-2028


Posted August 18, 2023 by sandycool

The Europe Sodium Hydroxide Market was worth USD 2,378.0 Million in 2022 and is expected to reach USD 3,242.2 Million in 2028, growing at a CAGR of 2.65% from 2023 to 2028.

 
The Europe Sodium Hydroxide Market was valued at $2378 million in 2022 and is estimated to reach $3242.2 million by 2028, with a CAGR of 2.65% from 2023 to 2028.

Lye, commonly referred to as caustic soda or sodium hydroxide, is a potent and corrosive chemical. It may collect moisture from the air until it dissolves and is available as a white solid or a colourless liquid. In the event that it comes into contact with combustible objects, this could release heat and perhaps start a fire. Sodium hydroxide is used by people in numerous ways. Common home items that include it include soap, drain cleansers, and oven cleaners. Industries utilize it to process different materials including cotton fabric and aluminum ore as well as to make fuel cells and paper. Additionally, it is used in the processing of food, the de-skinning of vegetables, the purification of water, and the manufacture of drugs that lower cholesterol and ease pain. Overall, sodium hydroxide is a potent chemical with numerous crucial uses in both our everyday life and various industries. Due to its corrosive properties and potential for injury if improperly utilized, it must be handled carefully.

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Market Drivers and Restraints:

Because more people seek PVC products, such as pipes and plastic items, the demand for sodium hydroxide is rising in Europe. Making PVC requires sodium hydroxide, and the process yields chlorine as well, adding value to the final product. In addition to PVC, there is a rising need for paper, packaging supplies, and rayon, a man-made fabric used in clothing. Because it is robust, flexible, and better for the environment, sodium hydroxide is used to manufacture rayon. In addition to its application in the paper industry for manufacturing, sodium hydroxide is also employed in the energy sector to produce fuel cells. Chemically, it is employed in liquid-liquid extractions to deprotonate carboxylic acids and phenols, rendering the aforementioned chemicals soluble in aqueous solutions. As a powerful base in substitution and elimination processes, sodium hydroxide is also employed. The market for sodium hydroxide in Europe is expanding as a result of all these needs for various products.

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By Production Process

Membrane Cell
Diaphragm Cell
Other
By Application

Pulp and Paper
Organic Chemical
Inorganic Chemical
Soap and Detergent
Alumina
Water Treatment
Other Applications
Regional Segmentation:

North America
Europe
Asia Pacific
Latin America
Middle east and Africa
Impact of COVID-19 pandemic on the market:

The sodium hydroxide market in Europe suffered because to the COVID-19 pandemic. Aluminum, textile, food & beverage, paper & pulp, and other industries that employ sodium hydroxide had substantial difficulties during the epidemic. Due to the lockdown limits, their requirement for products fell, which resulted in a decline in the demand for sodium hydroxide. For a considerable period of time, aluminum production was stopped, and the lockdown's decreased demand also hurt the food and beverage sector. A substantial fall in demand also affected the requirement for sodium hydroxide in the paper & pulp, textile, and other industries. Overall, the COVID-19 pandemic had a negative impact on the sodium hydroxide market in Europe. In the aftermath of the epidemic, it has flourished and recovered.

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Tags europe sodium hydroxide market trends , europe sodium hydroxide market values , europe sodium hydroxide market growth
Last Updated August 18, 2023