“We have produced a new premium report Chlor-Alkali Market. The report covers the analysis of global as well as regional markets of Chlor-Alkali. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of Chlor-Alkali Market by products (caustic soda, chlorine and soda ash), application (application, caustic soda, chlorine and soda ash) through main geographies in the global market such as North America, Europe, Asia-Pacific and RoW. . The global market is expected to grow at a CAGR of 5.0% over the forecast period of 2017 to 2023.
The report covers market changing dynamics including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the Chlor-Alkali Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. 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.”
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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.