Chlor-Alkali Market Overview to 2022 —
Chlor-Alkali involves the manufacturing of chlorine, caustic soda, and other sodium and chlorine based derivative products such as bleaching powder, sodium hypochlorite, hydrogen gas, chlorinated paraffin, and hydrochloric acid and is used in some of the end use application such as inorganic chemicals, organic chemicals, food, pulp & paper, soaps & detergents and others. The chlor-alkali market is predicted to register tremendous growth during the review period on account of rising demand from emerging economies in Asia Pacific. Additionally, increasing requirement in the application industries such as inorganic and organic chemicals is anticipated to propel the chlor-alkali market growth during the assessment period.
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Geographically, Asia Pacific is estimated to hold the largest Chlor-Alkali market share in 2016 which is followed by North America and further trailed by Europe. Asia Pacific is estimated to witness tremendous growth over the assessment period in chlor-alkali market due to increasing application of chlor-alkali in numerous end use application segment. In Asia Pacific, the demand for chlor-alkali is estimated to improve in numerous countries such as India, Japan, South Korea, and China due to availability of low raw material cost and labor charges, rapid industrialization, and high manufacturing of chlor-alkali products. In Europe, chlor-alkali market is expected to register above average growth owing to high adoption rate in paper & pulp, soap & detergent, and food specifically in France, Italy, Belgium, Germany, Poland, Spain, UK, and Russia.
Industry/ Innovation/ Related News:
July 2018- AkzoNobel announced to upgrade production line for chlorine and caustic soda at their Rotterdam chlor-alkali plant. New construction is predicted to begin in 2019 and is anticipated to be completed by 2021. This strategic move will help AkzoNobel to meet the rising demand for chlor-alkali products across the globe.
April 2018- Kemira announced to invest around USD 58.5 Million to expand the manufacturing capacity of chlor-alkali at its Finland based plant. This capacity expansion is predicted to be under operation by the end of the 2018. This capacity expansion will help to meet the increasing demand for chlor-alkali chemicals by pulp mill and other industrial sector.
February 2018- Westlake Chemical Corporation, a US based leading supplier of petrochemicals, polymers, and building products announced to expand chlor-alkali, VCM, and PVC production capacities at facilities in Germany and Louisiana. With this increase in production capacity the company will able to meet the increasing demand for chlor-alkali derived products across the globe.
January 2018- Malaysian based Chemical Company of Malaysia announced to invest around USD 10.03 Million to raise the chlor-alkali products output at its plant in Pasir Gudang, Johor. This investment will help company to raise the production capacity of chlor-alkali products by 50%.
October 2017- Joint Venture between Serba Dinamik Holdings Bhd and Junaco Ltd (JTL) announced to set up a chlor-alkali plant in Tanzania. This capacity expansion will help company to meet the rising demand for chlor-alkali products across the globe.
June 2017- Spolchemie started membrane based chlor-alkali production at its Usti site in the Czech Republic. The new plant will raise the quantity of chlorine, sodium hydroxide, and potassium hydroxide at its site.
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The chlor-alkali report has examined the level of competition amid the major manufacturers in chlor-alkali market as well as industry growth and market scenario. The global chlor-alkali market composed of wide range of producers operating in the market which involves medium level and large-scale suppliers. Some of the key operating producers of chlor-alkali which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as moderate level and high-level suppliers belongs to this province specifically from Japan, Australia, China, the Philippines, Malaysia, Taiwan, South Korea, India, and Thailand. Furthermore, the key manufacturers of chlor-alkali are observed to follow numerous strategic plans to improve their product portfolio such as product launches, strategic acquisition, distribution agreements, joint ventures, and mergers, and exclusive agreements. Some of the key manufacturers in this market are projected to enhance their manufacturing capacity of chlor-alkali to meet the increasing demand for chlor-alkali worldwide.
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Release ID: 449032