Pharma Grade Sodium Hydroxide Market Size, Share Report 2031
Pharma Grade Sodium Hydroxide Market Size, Share Report 2031
Segments - Pharma Grade Sodium Hydroxide Market by Type (Liquid Sodium Hydroxide and Solid Sodium Hydroxide), Application (Pharmaceutical, Biotechnology, and Scientific Research), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Upcoming
| Report ID :HC-4880
| 4.3 Rating
| 65 Reviews
| 157 Pages
| Format :
Report Description
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.
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.
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.
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.
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
- 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
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.
Frequently Asked Questions
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.
Table Of Content
Chapter 1 Executive SummaryChapter 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
Methodology
Related Reports
Some other reports from this category!
Our Clients
