Procurement Resource Evaluates the Price Trends of Sodium Hydroxide in its Latest Insights and Dashboard
Price Trends of Sodium Hydroxide in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Sodium Hydroxide price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends. Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of the Sodium Hydroxide can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Product Description:
An inorganic substance is sodium hydroxide, usually referred to as lye or caustic soda. Sodium cations (Na+) and hydroxide anions make up what seems to be a white solid ionic combination (OH). It is a crystalline solid that boils at 388 °C or 2,530 °F and melts at 318 °C or 604 °F without decomposing. At standard room temperature, sodium hydroxide, a very caustic base, and alkali break down proteins. It easily absorbs moisture and CO2 from the air and is extremely miscible in water. However, ether and other non-polar solvents do not allow it to dissolve. NaOH is its chemical formula.
Also Check Sodium Hydroxide Production Cost Report – https://www.procurementresource.com/production-cost-report-store/sodium-hydroxide
Regions Covered to Evaluate Sodium Hydroxide Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting Sodium Hydroxide Price Trend:
Sodium hydroxide has several uses, including as a drain cleaner, in detergents, soaps, drinking water, textiles, pulp & paper, and other products. Due to the compound’s expanding use in industry, it is projected that the worldwide market for sodium hydroxide would expand at a phenomenal rate. The manufacturing of alumina and the textile industry are the two main markets for sodium hydroxide, often known as caustic soda. The population increase, changes in the automotive and construction industries, and improvements in the economy all contribute to the continued need for alumina, paper, and textiles, which is a primary driver for the sodium hydroxide market. With the increased worldwide awareness of water preservation, waste management, and the widespread fear of running out of drinkable water, sodium hydroxide is also anticipated to see growth in the water purification and waste management industries.
Key Market Players:
- The DOW Chemical Company
- BASF SE
- Ciech S.A.
- Gujarat Alkalies and Chemicals Limited
- Kemira Chemicals, Inc.
- Shandong Haihua Group Co., Ltd.
- INEOS Newton Aycliffe Ltd.
- Solvay Chemicals
News and Events:
Westlake’s Chlor-alkali production “has been directly and adversely impacted due to the sudden and unanticipated failures of critical processing equipment,” the company stated in its letter. On June 15, Westlake declared force majeure on chlorine and all grades of caustic soda throughout its US system. Because of the production process disruption caused by these equipment failures, our customer has less access to chlorine and caustic.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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