Report Code: A14475 | Pages: NA | Mar 2023 | 1037 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Sodium Hydroxide Market
Request Now !Sodium hydroxide, or caustic soda or lye, is an odorless and non-flammable white solid which is commercially available in the form of flakes, pellets, granules, and aqueous solutions of different concentrations. The major applications of sodium hydroxide are its usage in drain cleaner, detergents, soaps, drinking water, textiles, pulp & paper, and others. The global sodium hydroxide market is anticipated to develop at a momentous growth rate, accredited to growing application of the compound for industrial application.
COVID-19 Impact analysis
The COVID-19 pandemic had an adverse effect on the sodium hydroxide market. The major end use industries of Sodium hydroxide, namely aluminum, textile, food & beverage and paper & pulp industries suffered a noteworthy setback due to the pandemic. The demand for the products entailing to the above-mentioned industries declined sharply, which in turn, led to drop in demand for Sodium hydroxide due to the lockdown. The aluminum producing industries were shut down for a long time, whereas the food & beverages industry also faced a tough time due to decreased demand owing to the lockdown. The demand for paper & pulp and textiles also dropped sharply, leading to a drop in demand of Sodium hydroxide. Altogether, the Sodium hydroxide market witnessed a slump due to the COVID-19 pandemic but is still anticipated to flourish in the post pandemic forecast period.Â
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Sodium Hydroxide Market Report Highlights
Aspects | Details |
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By End Use Industry |
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By Product Form |
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By Application |
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Key Market Players | Aditya Birla Chemicals, BASF, Bayer AG, BSC Chemicals, Covestro, Dow DuPont, GACL Ltd., Gujarat Alkalies and Chemicals Limited, INEOS Newton Aycliffe Ltd., Sanmar Group, Sigma Aldrich, Tata Chemicals Ltd., Tokuyama Corporation. |
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