Pharma Grade Sodium Hydroxide Market

Pharma Grade Sodium Hydroxide Market

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Author:

Raksha Sharma

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Editor:

Shreyas Tandon

Pharma Grade Sodium Hydroxide Market Outlook

The global pharma grade sodium hydroxide market size was USD 2.79 Billion in 2022 and is anticipated to reach USD 4.79 Billion by 2031, expanding at a CAGR of 6.20% during 2023-2031. Increasing usage of sodium hydroxide in the pharmaceutical industry and rising awareness regarding the benefits of sodium hydroxide in cosmetics are the factors driving the growth of the Pharma Grade Sodium Hydroxide market.

Sodium hydroxide is a white crystalline odorless substance that can moisture from the air at surrounding temperatures. It is a material that has been synthesized. It releases significant amounts of heat when dissolved in water or neutralized with acid, which could be enough to ignite inflammable objects.

Pharma Grade Sodium Hydroxide Market Outlook

Sodium hydroxide is a corrosive substance. Sodium hydroxide is typically used in cosmetics for the saponification of oils to make handmade soap. Sodium hydroxide is a pH balancer found in a variety of cosmetics and skincare products, including cleansers, soaps, makeup, and creams.

Pharma Grade Sodium Hydroxide Market Macro-economic Factors

R&D Activities

Research in pharma-grade sodium hydroxide made a significant contribution to the development of products and technologies. Research is required for advanced development in product design.

Companies in nearly every industry rely on R&D to plan, design, and deliver innovative products and thus, they are focusing on advancements in the pharma-grade sodium hydroxide market. Research and development in the field of chemical production and processing are creating a conducive environment for use.

Healthcare Infrastructure

The development of healthcare infrastructure is expected to drive the market. Growing investments in healthcare infrastructure by various countries is propelling the market. Rising standards in the healthcare industry in countries such as India, China, and Japan are expected to increase the demand for medical technology in Asia Pacific. Additionally, the US has the largest healthcare infrastructure in the world.

GDP

GDP across countries declined, due to the COVID-19 pandemic. Manufacturers are facing several challenges, due to restrictions and limitations in the supply chain, caused by lockdowns. These challenges are expected to slow down production during the pandemic.

Increasing government initiatives in the healthcare and pharmaceutical industries are estimated to fuel the market. Penetration of key players and the emergence of domestic players are expected to raise the employment scale.

Pharma Grade Sodium Hydroxide Market Dynamics

The global pharma grade sodium hydroxide market report has up-to-date insights that help in formulating a strategic roadmap about the estimated market scenario and performance from 2023 to 2031.

Pharma Grade Sodium Hydroxide Market Dynamics

Major Drivers 

Sodium hydroxide is typically used in cosmetics for the saponification of oils to make handmade soap. Sodium hydroxide is a pH balancer found in a variety of cosmetics and skincare products, including cleansers, soaps, makeup, and creams & lotions.

Sodium hydroxide is exceedingly dangerous in its pure form; however cosmetic and skin care products contain little sodium hydroxide and are therefore safe to use. Increasing usage and awareness of sodium hydroxide in the cosmetics products industry is expected to drive the market in the future.

Existing Restraints

The manufacture of sodium hydroxide is an energy-intensive process that results in high production costs. This is expected to stifle market expansion. Price fluctuations in the sodium hydroxide market are expected to continue to influence market trends over the projected period.

The Occupational Safety and Health Administration (OSHA) created rules to restrict exposure to sodium hydroxide in locations where it is manufactured or utilized. The National Institute for Occupational Safety and Health provides general safety rules for using and transporting sodium hydroxide, including packaging and storage, spillage, and disposal.    

Emerging Opportunities

Manufacturers increased production while focusing on quality and efficiency, to meet industry-specific requirements. Manufacturers of sodium hydroxide are adopting strategies such as product launches to strengthen their product portfolio.

Key market players are entering into strategic acquisitions and collaborations to solidify their footprint in the market. INOVYN announced its intention to build a substantial expansion project at Norway's Rafnes Site. The project extension involves a 35-kilometric-ton-per-annum membrane ECU capacity of sodium hydroxide to be delivered to clients in Scandinavia.

BorsodChem's new membrane chlorine facility in Kazincbarcika, Hungary, successfully started producing chloralkali. Hence, increasing the production capacities of key market players acts as an opportunity for the market players can aid in boosting the pharma grade sodium market.

Scope of Pharma Grade Sodium Hydroxide Market Report  

The report on the global Pharma Grade Sodium Hydroxide market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Pharma Grade Sodium Hydroxide Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2022

Historic Data

2019 and 2020

Forecast Period

2023–2031

Segmentation

Type (Liquid Sodium Hydroxide and Solid Sodium Hydroxide) and Application (Pharmaceutical, Biotechnology, and Scientific Research)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

BioSpectra, Inc, Columbus Chemicals, DCW Ltd, Hunan Erkang Pharmaceutical Co., Ltd., ICL, NAMA Chemicals, Occidental Petroleum Corporation, PCC Rokita SA, TGV SRAAC LIMITED, Westlake Corporation

Pharma Grade Sodium Hydroxide Market Segment Insights

Types Segment Analysis

Based on types, the pharma grade sodium hydroxide market is segmented into liquid sodium hydroxide and solid sodium hydroxide. The solid sodium hydroxide segment is expected to register substantial growth in the forecast period due to the increasing usage of sodium hydroxide in manufacturing a variety of medicines and pharmaceutical products.

Pharma grade sodium hydroxide is widely used for manufacturing medicines from common pain relievers like aspirin to anticoagulants that can help to prevent blood clots, to cholesterol-reducing medicines.

The liquid sodium hydroxide segment is expected to register a considerable CAGR during the forecast period as it is widely used in a wide range of applications including food additives, chemical fibers, water and sewerage, paper and pulp, and as a chemical agent. Sodium hydroxide is used as an ingredient in food preservatives that help prevent bacteria and mold from growing in food.

Application Segment Analysis

On the basis of application, the market is fragmented into pharmaceuticals, biotechnology, and scientific research.

The pharmaceuticals sector is anticipated to hold a major share of the global market in the coming years due to the extensive use of sodium hydroxide to manufacture medicines that are commonly used and pharmaceutical products.

It is primarily used in the production of anti-influenza medicaments as a sodium carrier. It is also used in the production of sulfonamides and salicylic acid. However, the scientific research segment is expected to register a considerable CAGR in the coming years due to the increasing usage of pharma grade sodium hydroxide for research purposes to increase the application across various industries.

 

Pharma Grade Sodium Hydroxide Market Application


Regional Analysis

On the basis of regions, the global sodium hydroxide market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The market in North America is expected to register a considerable CAGR during the forecast period owing to the significant demand for sodium hydroxide among research institutes in the region. The presence of a well-established pharmaceutical industry with an increasing demand for sodium hydroxide for medicinal purposes can drive the global market. 


The market in Asia Pacific is to register a considerable CAGR during the forecast period due to the high demand for sodium hydroxide from the pulp and paper chemicals industry in the region. Increasing demand for sodium hydroxide in the region with a wide range of applications and in terms of revenue generation.

Pharma Grade Sodium Hydroxide Market Region

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Pharma Grade Sodium Hydroxide Market
  • Historical, Current, and Projected Market Size in terms of Value
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints, and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Pharma Grade Sodium Hydroxide Market Performance

Segments

Type

  • Liquid Sodium Hydroxide
  • Solid Sodium Hydroxide

Application

  • Pharmaceutical
  • Biotechnology
  • Scientific Research

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Market Players Profiled in the Report

Competitive Landscape

Manufacturers operating in the global Pharma Grade Sodium Hydroxide market include BioSpectra, Inc, Columbus Chemicals, DCW Ltd, Hunan Erkang Pharmaceutical Co., Ltd., ICL, NAMA Chemicals, Occidental Petroleum Corporation, PCC Rokita SA, TGV SRAAC LIMITED, Westlake Corporation.

Market Players are pursuing key strategies such as acquisitions, collaborations, and geographic expansion where a potential opportunity arises for the Pharma Grade Sodium Hydroxide Market.

Pharma Grade Sodium Hydroxide Market Key Players
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pharma Grade Sodium Hydroxide Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Pharma Grade Sodium Hydroxide Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Pharma Grade Sodium Hydroxide Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Pharma Grade Sodium Hydroxide Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Pharma Grade Sodium Hydroxide Market Size & Forecast, 2015-2030
      4.5.1 Pharma Grade Sodium Hydroxide Market Size and Y-o-Y Growth
      4.5.2 Pharma Grade Sodium Hydroxide Market Absolute $ Opportunity
   4.6 Global Pharmaceuticals Sodium Hydroxide Market: Impact Of Key Regulations
   4.7 Sodium Hydroxide Market Overview
   4.8 Global Pharmaceuticals Sodium Hydroxide Market: Current and Future Market Trends

Chapter 5 Global Pharma Grade Sodium Hydroxide Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Pharma Grade Sodium Hydroxide Market Size Forecast By Type
      5.2.1 Liquid Sodium Hydroxide
      5.2.2 Solid Sodium Hydroxide
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Pharma Grade Sodium Hydroxide Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Pharma Grade Sodium Hydroxide Market Size Forecast By Application
      6.2.1 Pharmaceutical
      6.2.2 Biotechnology
      6.2.3 Scientific Research
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Pharma Grade Sodium Hydroxide Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Pharma Grade Sodium Hydroxide Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Pharma Grade Sodium Hydroxide Analysis and Forecast
   9.1 Introduction
   9.2 North America Pharma Grade Sodium Hydroxide Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Pharma Grade Sodium Hydroxide Market Size Forecast By Type
      9.6.1 Liquid Sodium Hydroxide
      9.6.2 Solid Sodium Hydroxide
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type
   9.10 North America Pharma Grade Sodium Hydroxide Market Size Forecast By Application
      9.10.1 Pharmaceutical
      9.10.2 Biotechnology
      9.10.3 Scientific Research
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Pharma Grade Sodium Hydroxide Analysis and Forecast
   10.1 Introduction
   10.2 Europe Pharma Grade Sodium Hydroxide Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Pharma Grade Sodium Hydroxide Market Size Forecast By Type
      10.6.1 Liquid Sodium Hydroxide
      10.6.2 Solid Sodium Hydroxide
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 Europe Pharma Grade Sodium Hydroxide Market Size Forecast By Application
      10.10.1 Pharmaceutical
      10.10.2 Biotechnology
      10.10.3 Scientific Research
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Pharma Grade Sodium Hydroxide Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Pharma Grade Sodium Hydroxide Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Pharma Grade Sodium Hydroxide Market Size Forecast By Type
      11.6.1 Liquid Sodium Hydroxide
      11.6.2 Solid Sodium Hydroxide
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Asia Pacific Pharma Grade Sodium Hydroxide Market Size Forecast By Application
      11.10.1 Pharmaceutical
      11.10.2 Biotechnology
      11.10.3 Scientific Research
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Pharma Grade Sodium Hydroxide Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Pharma Grade Sodium Hydroxide Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Pharma Grade Sodium Hydroxide Market Size Forecast By Type
      12.6.1 Liquid Sodium Hydroxide
      12.6.2 Solid Sodium Hydroxide
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Latin America Pharma Grade Sodium Hydroxide Market Size Forecast By Application
      12.10.1 Pharmaceutical
      12.10.2 Biotechnology
      12.10.3 Scientific Research
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Pharma Grade Sodium Hydroxide Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Pharma Grade Sodium Hydroxide Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Pharma Grade Sodium Hydroxide Market Size Forecast By Type
      13.6.1 Liquid Sodium Hydroxide
      13.6.2 Solid Sodium Hydroxide
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Middle East & Africa (MEA) Pharma Grade Sodium Hydroxide Market Size Forecast By Application
      13.10.1 Pharmaceutical
      13.10.2 Biotechnology
      13.10.3 Scientific Research
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Pharma Grade Sodium Hydroxide Market: Competitive Dashboard
   14.2 Global Pharma Grade Sodium Hydroxide Market: Market Share Analysis, 2021
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 BioSpectra, Inc
      14.3.2 Columbus Chemicals
      14.3.3 DCW Ltd
      14.3.4 Hunan Erkang Pharmaceutical Co., Ltd.
      14.3.5 ICL
      14.3.6 NAMA Chemicals
      14.3.7 Occidental Petroleum Corporation
      14.3.8 PCC Rokita SA
      14.3.9 TGV SRAAC LIMITED
      14.3.10 Westlake Corporation

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FAQ Section

Some frequently asked questions about this report!

The global pharma grade sodium hydroxide market size was USD 2.79 Bn in 2022 and is anticipated to reach USD 4.79 Bn by 2031, expanding at a CAGR of 6.20% during 2023-2031.

Increasing usage of sodium hydroxide in pharmaceutical industry and rising awareness regarding the benefits of sodium hydroxide in cosmetics are the factors driving the growth of Pharma Grade Sodium Hydroxide market.

North America is likely to dominate the Pharma Grade Sodium Hydroxide market during the forecast period.

Major manufacturers include BioSpectra, Inc, Columbus Chemicals, DCW Ltd, Hunan Erkang Pharmaceutical Co., Ltd., ICL, NAMA Chemicals, Occidental Petroleum Corporation, PCC Rokita SA, TGV SRAAC LIMITED, and Westlake Corporation.