According to IMARC Group’s latest report, titled “Chlor-Alkali Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ The global chlor-alkali market reached a value of US$ 63.2 Billion in 2021. Chlor-alkali is an industrial procedure, which is utilized for manufacturing chlorine (Cl), hydrogen (H2), and sodium hydroxide (NaOH) through the electrolysis of sodium chloride (NaCl) solution. It is extensively deployed in the chemical sector for the production of caustic soda, bleaching powder and sodium hypochlorite (NaCIO). At present, chlor-alkali is differentiated into three electrolytic procedures for manufacturing chlorine, such as the diaphragm, mercury, and the membrane cell process.
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Global Chlor-Alkali Market Trends:
The extensive utilization of chlor-alkali for manufacturing various products, such as paper bleaching, paints, industrial solvents, fertilizers, PVC plastics, and dyes, is one of the key factors driving the chlor-alkali market. Moreover, due to growing environmental consciousness, the member cell technology is increasingly being utilized to produce chlorine in a sustainable manner, which, in turn, is facilitating the market growth. Other than this, the increasing demand for chlorine, soda ash and caustic soda in the industrial sector is creating a positive outlook for the market across the globe. Looking forward, IMARC Group expects the market to reach US$ 85.8 Billion by 2027, exhibiting a CAGR of 5.1% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
- 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
Key Market Segmentation:
Breakup by Product:
- Caustic Soda
- Soda Ash
Breakup by Production Process:
- Membrane Cell
- Diaphragm Cell
Breakup by Application:
- Pulp and Paper
- Organic Chemical
- Inorganic Chemical
- Soap and Detergent
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 (2016-2021)
- Market Outlook (2022-2027)
- 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
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