IMARC Group, a leading market research company, has recently releases report titled “Chlor-Alkali Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global chlor-alkali market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
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| Report Attributes | Details |
| Market Size in 2022 | US$ 66.9 Billion |
| Market Forecast in 2028 | US$ 89.6 Billion |
| Growth rate (2023 to 2028) | CAGR of 4.9% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What are chlor-alkali?
The chlor-alkali process refers to the industrial process of producing chlorine, hydrogen, and sodium hydroxide (also known as caustic soda or lye) simultaneously. This process is executed through the electrolysis of brine, a high-concentration solution of salt (sodium chloride) in water. Both the resultant products, chlorine, and caustic soda, are key ingredients in a plethora of products that are used daily, ranging from pharmaceuticals and personal care items to PVC pipes and food additives. Chlorine is vital in water treatment, plastics production, and pharmaceutical manufacturing, while caustic soda is widely used in the paper and pulp industry, textile sector, and soap production.
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What are the growth prospects and trends in the chlor-alkali industry?
The increasing demand for PVC in the construction, automotive, and packaging industries represents one of the significant factors driving the growth of the global chlor-alkali market. The rise in PVC usage is directly boosting the chlor-alkali industry as PVC production heavily depends on chlorine. Concurrently, the rising demand for paper and pulp, primarily driven by the packaging industry, is contributing to the escalating need for caustic soda, thereby further boosting the growth of the market. Furthermore, the increasing use of chlorine in water treatment, especially in fast-growing economies with escalating urbanization and industrialization, is propelling the growth of the market. However, the market is also being influenced by certain trends. For instance, there is an increasing shift towards membrane cell technology for chlor-alkali production, driven by its higher efficiency and eco-friendlier nature compared to traditional technologies. In addition to this, the growing awareness and focus on sustainable production methods is leading to the development of innovative, eco-friendly processes in the chlor-alkali industry, which is creating a positive outlook for the market across the globe.
Who are the key players operating in the industry?
The report covers the major market players including:
- AGC Inc.
- Akzo Nobel N.V.
- Covestro AG
- Formosa Plastics Corporation
- INOVYN Chlorvinyls Limited (INEOS AG)
- Kemira Oyj
- Occidental Petroleum Corporation
- Olin Corporation
- PCC SE
- Tosoh Corporation
- Vynova Group
- The International Chemical Investors Group
- Westlake Chemical Corporation
- TTWF LP
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Caustic Soda
- Chlorine
- Soda Ash
- Others
Breakup by Production Process:
- Membrane Cell
- Diaphragm Cell
- Others
Breakup by Application:
- Pulp and Paper
- Organic Chemical
- Inorganic Chemical
- Soap and Detergent
- Alumina
- Textile
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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