Sodium Hydroxide Market worth $55.6 billion by 2029

The report “Sodium Hydroxide Market by Grade (Solid, 50% Aqueous Solution), Production Process, Application (Biodiesel, Alumina, Inorganic Chemicals, Organic Chemicals, Food, Pulp & Paper, Soap & Detergent, Textiles, Water Treatment), Region – Global Forecast to 2029“, size is projected to grow from USD 44.9 billion in 2024 and is projected to reach USD 55.6 billion by 2029, at a CAGR of 4.4%. The sodium hydroxide market is poised for substantial expansion due to the rising utilization and demand for alumina. Alumina is a key element derived from sodium hydroxide, finds widespread application in the construction sector, primarily due to its remarkable characteristics, including its exceptional durability, lightweight nature, and cost-efficient attributes. As the construction industry continues to seek materials that offer superior performance while maintaining economic viability, the demand for alumina is projected to increase, consequently driving growth in the sodium hydroxide market.