As per Market Research Future (MRFR) analysis, the Global — Chlor-Alkali Market is projected to reach a value of USD 110 Billion with a CAGR of 5.0% from 2017 to 2025 (forecast period). The report provides accurate insights into the different segments, such as market share, value, revenue, and COVID-19 impact on the Global Chlor-Alkali Market.
Chlor-Alkali is a scientific method for the production of chlorine, soda ash, caustic soda, and its derivatives. The procedure is followed by electrolysis of saltwater. Of the three products, caustic soda is the largest segment of the product type, followed by chlorine. High demand for caustic soda is due to wide applications in food processing and pulp & paper. The processing of Chlor-Alkali includes three types of electrolytic processes — mercury cell process, membrane cell process, and diaphragm cell process.
Some of the significant participants operating in the Global Chlor-Alkali Market are Solvay SA (Belgian), Axiall Corporation (US), Akzo Nobel NV (The Netherlands), Olin Corporation (US), Tosoh Corporation (Japan), Bayer AG (Germany), Tata Chemicals Ltd (India), Tronox Limited (US), Covestro AG (Germany), and Xinjiang Zhongtai Chemical Co. Ltd (China).
The global market for Chlor-Alkali is driven by growing demand for chlorine and its derivatives, especially from the petrochemical industry, for products such as PVC, Chloro-Methane / HCFC / PTFE, Propylene Oxide / Glycol, Epichlorohydrin, Polycarbonate, Toluene Diisocyanate (TDI) and Methylene Diphenyl Diisocyanate (MDI), CaCl2, Titanium Oxide, etc. In addition, rapid urbanization, rising disposable income, and population growth are projected to increase demand for Chloro-Alkali products during the forecast period.
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In addition, the growth of end-use industries such as the automotive, construction, pulp & paper, and food & beverage industries has increased demand for the Chlor-Alkali Market. The booming aluminum industry around the globe, driven by increasing demand for aluminum, is expected to generate significant growth in demand for caustic soda, thus, driving the growth of the Global Chlor-Alkali Market. However, the increasing demand for glass is driven by the rising construction and automotive industry; this, in effect, is expected to increase the demand for soda ash. In order to resolve increasing environmental issues and increase energy usage, participants in the industry are investing in research and development activities for technological development and improving production methods with enhanced energy efficiency. In addition, several producers are altering the trend towards using the latest energy-efficient technologies, such as membrane cell technology, to phase out mercury cells in order to reduce environmental damage.
The Global Market for Chlor-Alkali has been segmented based on Product Type and Application.
Based on Product Type, the global market for Chlor-Alkali has been categorized into caustic soda, soda ash, and chlorine.
Based on the Application, the global market for Chlor-Alkali has been divided into organic chemicals, paper & pulp, food processing, metallurgy, isocyanates & oxygenates, EDC/PVC, textiles, water treatment, soaps & detergents, and others.
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Region-Wise, Global Chlor-Alkali Market has been segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
The Asia Pacific dominated the global market for Chlor-Alkali in 2018, with a global market share of more than 50%. Increased demand for PVC and isocyanates from the construction and automotive industries is driving the demand for chlorine.
Moreover, rising production of aluminum and growing paper and pulp industries across China, India, Indonesia and Malaysia is expected to drive growth in the Chlor-alkali market in the Asia Pacific during the forecast period. As demand for chlorine-alkali products continues to increase in China, market participants spend on capacity expansion which is driven by low raw material and labor costs and rapid industrialization.
North America is expected to be the second-largest Chlor-Alkali Market in the forecast period. The growth of the market is driven by the demand in the US for PVC, water treatment chemicals, isocyanates, and others. However, strict environmental regulations and high energy usage are expected to impede the growth of the market during the forecast period.
The European market is expected to experience moderate growth during the review period, mainly due to the recovery of economic growth in the region. Germany is leading the European market for chlorine alkali, followed by France, Spain, the United Kingdom, and Benelux.
Global Chlor-Alkali Market in the Middle East & Africa and Latin America are expected to rise steadily during the forecast era.
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