“Chlor-Alkali Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of Chlor-Alkali Market by products (caustic soda, chlorine and soda ash), application (application, caustic soda, chlorine and soda ash) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the Chlor-Alkali Market it includes the five years Industry analysis and the 6 years annual forecast from 2017 to 2023. Some of the prominent participants in the Global Chlor-Alkali Market are Akzo Nobel NV, Axiall Corporation, Bayer Material Sciences Ag, Occidental Petroleum Corporation, Solvay Chemicals, The Dow Chemicals, Tata Chemicals Ltd, Hanwha Chemical Corporation, Tosoh Corporation, and Xinjiang Zhongtai Chemical Co. Ltd.” . The Global Chlor-Alkali Market is projected to growing at a CAGR of 5.0% from 2017 to 2023.
The Growing Demand from Industries Such As Automobile, Construction, Food, Paper, Pulp and Other Industries Are Expected to Drive the Global Chlor-Alkali Market
The consistent global demand for alumina, pulp and paper, vinyls and other derivatives provide positive growth opportunities for chlor-alkali market. Furthermore, heavy investments in alumina industry are expected to provide growth opportunities for chlor-alkali market, as caustic soda is a major raw material for alumina refining process. The demand for chlorine is leading many chlor-alkali manufacturers to upgrade technology as well as manufacturing facilities to improve the production of allied products as well to have optimum output and it is expected to help in the growth of the market. Moreover, the demand for chlor-alkali products in inorganic and organic chemicals industries are expected to enhance the growth of the global chlor-alkali market during the forecast period. However, the emission of mercury and carbon during the manufacturing of chlor-alkali has environmental implications, which in turn is likely to restrain the growth in this market over the forecast period. Replacing the older technology for production to overcome this issue is a major challenge for the players in the global chlor-alkali market during the forecast period. However, with several chlor-alkali manufacturers are adopting membrane cell technology, there is significant scope for reduction of environmental impact. This is expected to drive volume of the chlor-alkali market to grow during the forecast period.
The Increase in Demand from the Automobile Industry Is Expected to Drive the North American Chlor-Alkali Market over the Forecast Period
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015-2023.Asia-Pacific region is the largest chlor-alkali market in the world. China, India and South East Asian countries drive the Asia-Pacific region with huge consumption of caustic soda, chlorine and soda ash in industries such as construction, food& beverages, metal refining, paper, plastics and others. China is among the largest chlor-alkali producing countries in the world and its domestic market has the highest demand for chlor-alkali in the world. Europe and North America are the next major chlor-alkali markets. Major water purification processes used in Europe require chlorine. Moreover, chlorinated compounds are widely used for synthesis of several active chemicals in the pharmaceutical industry. The greater demand for chlorine from these industries drives the European chlor-alkali market. Further, the demand for chlor-alkali in developing countries drives the growth of chlor-alkali market in the Latin America. African chlor-alkali market received huge investments in the downstream chemicals segment and it is expected to fuel the growth of the market in the region over the period of 2017 to 2023. Moreover, the increased demand for EDC and PVC in emerging countries is expected to drive the African chlor-alkali market, as those industries need more chlorine during the forecast period.
Segments Covered in this Premium Report:
The report segments the global chlor-alkali market by products, application and region. The products include caustic soda, chlorine and soda ash. Further, on the basis of application, caustic soda, chlorine and soda ash are further sub segmented. Applications of caustic soda include alumina, food, inorganic chemicals, organic chemicals, pulp& paper, soaps and detergents, steel/metallurgy-sintering, textiles, water treatment and other. On the basis of chlorine are categorized into chlorinated intermediates, C1/C2 aromatics, EDC/PVC, inorganic chemicals, isocyanates, organic chemicals, propylene oxide, pulp & paper, water treatment, and among others. Furthermore, on the basis of soda ash the applications are glass, soaps and detergents, mettlalurgy, pulp and paper, and others.
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The companies covered in the report include Akzo Nobel NV, Axiall Corporation, Bayer Material Sciences Ag, Occidental Petroleum Corporation, Solvay Chemicals, The Dow Chemicals, Tata Chemicals Ltd, Hanwha Chemical Corporation, Tosoh Corporation, and Xinjiang Zhongtai Chemical Co. Ltd.