The global caustic soda market is forecast to reach USD 68.9 Billion by 2030, according to a new report by Reports and Data. Sodium Hypochlorite is a substance used as an ingredient or in the production of dozens of household products such as detergents, body soap, and drain cleaners. Sodium Hypochlorite is a simple man-made chemical compound and comprises one oxygen (O), one sodium (Na), and one hydrogen (H) atom, which is why it’s also known as Sodium Hypochlorite, NaOH.
Sodium Hypochlorite is a solid at room temperature, but since it readily dissolves in water, it is usually sold and transported as a solution of different variety concentrations. When the market product is mixed with water or acid, the resultant is a strongly exothermic reaction where heat is released and is used as a source of energy to trigger other chemical processes.
In many lye-related chemical reactions, Sodium Hypochlorite gives up its sodium, hydrogen, and oxygen atoms to help form new chemical compounds. In conditions where a corrosive substance is required, like for a drain blockage, Sodium Hypochlorite helps to dissolve the organic materials but will leave the polyvinyl chloride pipes intact. It is also used in the production of ice cream, soft drinks, and food dye. The corrosive and toxic properties of Sodium Hypochlorite disappear in these processes, such as in the case with soap above.
China's pulp and paper industry is modern and highly mechanized, and the labor is significantly cheap. Owing to the government afforestation initiatives, forest cover is increasing in the region. With a thriving pulp and paper industry, along with growing demand from other end users, the consumption of Sodium Hypochlorite is expected to rise in China in the coming years.
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Market Overview:
The chemicals and materials industry produces a massive variety of products consumed by people across the world on a daily basis. While several products, namely detergents, perfumes, soaps, and others are bought directly by the consumers, the others are used as ingredients to make numerous products. For instance, in Europe, nearly 70% of the chemicals that are manufactured are used to make other products. The industry uses a wide range of raw materials ranging from oil, minerals, air, and others. With growing competition among industry players, innovation remains vital in discovering new paths to meet the needs of sophisticated, demanding, and environmentally conscious consumers.
The competitiveness within the chemical industry and among the chemicals, the chemical industry spends large amounts on research, particularly in the highly industrialized countries, which will foster market size in the coming years.
Top Companies Profiled in the Sodium Hypochlorite Market Report:
Dow Chemical Company, Tata Chemicals Limited, FMC Corporation, PPG Industries, Tosoh Corporation, Nirma Limited, Hanwha Chemical Corporation, Ineos Group Limited, Formosa Plastics Corporation, and Occidental Petroleum Corporation (OXY), among others
Major Points Covered in the Global Sodium Hypochlorite Market Report:
- Market Coverage: This section of the report provides significant details on key market aspects including the key market segments, product innovation scope, and macro-economic and micro-economic growth indicators. In addition, the report segments the global Sodium Hypochlorite markets based on product type, technology landscape, and application range.
- Executive Summary: Under this section, the global market growth rate, competitive landscape, drivers and constraints, trends, limitations, and the key market segments have been discussed.
- Regional Analysis: In this section, the latest report highlights the extensive global presence of the Sodium Hypochlorite markets. This section offers key insights into the latest trends in the regional markets including North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
- Competitive Landscape: This section of the report highlights the key players in the global Sodium Hypochlorite market. It further emphasizes the leading products and services offered by these companies.
- Manufacturers’ portfolios: This section includes detailed information regarding the product portfolio of each local and global manufacturer, their strengths and weaknesses, product catalog, production value and capacity, and other vital information.
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Sodium Hypochlorite Market Segmentation, Product Type Outlook:
- Lye
- Flake
- Others
Sodium Hypochlorite Market Segmentation, Manufacturing Process Outlook:
- Membrane Cell
- Diaphragm Cell
- Others
Sodium Hypochlorite Market Segmentation, Application Outlook:
- Alumina
- Food, Pulp, and Paper
- Organic Chemicals
- Inorganic Chemicals
- Textiles
- Steel/Metallurgy-Sintering
- Soap and Detergents
- Water Treatment
- Others
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