A recent report published by Infinium Global Research on the chlor-alkali market provides an in-depth analysis of segments and sub-segments in the global as well as the regional chlor-alkali market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional chlor-alkali market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global chlor-alkali market. According to the report, the global chlor-alkali market is projected to grow at a CAGR of 4.25% over the forecast period of 2019-2025.
The chlor-alkali process is an electrolytic process by which chlorine and alkali are produced from a salt solution. Diaphragm cell process, mercury cell process, and membrane cell process are the three types of technologies utilized for the chlor-alkali process. Caustic soda (sodium hydroxide), muriatic acid and potassium hydroxide are the major alkalis produced used during this process. Usually, seawater is used as a brine solution. Chlorine is a major chemical building block in various industries and it accounts for a major portion of overall chlor-alkali demand. Chlorine finds major application in the EDC/PVC industry. Moreover, caustic soda finds applications in industries such as aluminum, cleaning agents, food, soap, textiles, and some others.
The steady growth in demand for alumina, pulp and paper, vinyl and other derivatives is positively supporting the growth for the chlor-alkali market. The increasing demand for chlorine is motivating many chlor-alkali producers to improve the production of allied products and upgrade technology which supports the growth of the market. Moreover, the growing demand from industries such as automobile, construction, food, paper, pulp, and other industries are also driving the chlor-alkali market. Besides, the demand for chlor-alkali products in inorganic and organic chemical industries is likely to enhance the growth of the chlor-alkali market during the forecast period. However, the discharge 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. Advancement in technology to overcome the production issue is a major challenge for the companies in the global chlor-alkali market. Furthermore, heavy investments in the alumina industry are expected to provide growth opportunities for the chlor-alkali market in upcoming years.
Among the geographies, Asia-Pacific the region holds a significant share in the chlor-alkali market. 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. Europe and North America are the second major chlor-alkali markets. Major water purification processes used in Europe require chlorine. Moreover, chlorinated compounds are widely used for the synthesis of several active chemicals in the pharmaceutical industry. The greater demand for chlorine from these industries drives the European chlor-alkali market. The increase in demand from the automobile industry is expected to drive the North American chlor-alkali market over the forecast period.
The report on global chlor-alkali market covers segments such as product and application. On the basis of product, the sub-markets include caustic soda, chlorine, and soda ash. On the basis of application, the sub-markets include caustic soda, chlorine, and soda ash.
The report provides profiles of the companies in the market such as Akzo Nobel N.V., Westlake Chemical, Covestro AG, Occidental Petroleum Corporation, Solvay, Tata Chemicals Limited, Hanwha Chemical, Tosoh Corporation, Xinjiang Zhongtai Chemical Co., Ltd., DowDuPont Inc., and Others companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of chlor-alkali market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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