Sodium hydroxide, also known as lye and caustic soda, is an inorganic compound with the formula NaOH. It is a white solid ionic compound consisting of sodium cations Na+ and hydroxide anions OH−Sodiumhydroxide is highly caustic base and alkali that decomposes proteins at ordinary ambient temperatures and may cause severe chemical burns. Sodium hydroxide in solid form, also called caustic soda, is an inorganic chemical compound belonging to the strongest alkali. In solid form, it is a white substance with crystalline appearance (flakes). Sodium hydroxide is used in many industries in the manufacture of pulp and paper, textiles, drinking water, soaps and detergents, and as a drain cleaner.
Caustic soda Market, also known as sodium hydroxide, has the chemical formula of NaOH. Caustic soda is the co-product of chlorine production. It is a major building block in many industrial processes. The global caustic soda market is expected to register a remarkable CAGR of 5.92% during the forecast period, 2019–2027. The prime factor supporting the growth of the global caustic soda market is the growth of the alumina industry due to the increasing use of aluminium in the automotive industry as the manufacturers are increasingly using aluminium to reduce the overall weight of the vehicles to curb emissions.
The global caustic soda market has been segmented by type, application, and region. By type, the lye segment accounted for the largest share of 67% by value in 2018. The segment is expected to register a CAGR of over 4.5% during the forecast period, owing to its widely used application as a chemical.