Chlor-Alkali Market? Growing Trade Among Emerging Economies Opening New Opportunities (2020-2026)
The Global Chlor-Alkali Market is valued to reach USD 108 Billion by 2025, growing at CAGR of 5.2 % over the forecast period 2020-2026. This is a latest report, covering the current COVID-19 impact on the market. This market report is a detailed study on the growth, investment opportunities, market statistics, growing competition analysis, major key players, industry facts, important figures, sales, prices, revenues, gross margins, market shares, business strategies, top regions, demand, and developments.
Chlor-alkali means scientific procedures utilized for manufacturing chlorine, caustic soda and other sodium and chlorine based derivatives or products like chlorinated paraffin, hydrochloric acid, bleaching powder, sodium hypochlorite and hydrogen gas. The procedure comprises of the electrolysis of sodium chloride solution (brine solution) ensuring in the creation of the products as mentioned above. The primary products of the chlor alkali sector are caustic soda, chlorine gas and soda ash.
With growing up gradation and industrialization of technology to make chlorine, manufacturers are establishing up facilities to make allied products in a proficient manner. Almost all producers in the world are shifting their center of attention towards making chlor alkali chemicals utilizing membrane cell technology to reduce harm to the environment.
Global Chlor-Alkali Market Analysis by Key Players:
Axiall Corporation
Akzonobel N.V.
Solvay S.A.
Nirma Limited
Olin Corporation
Tosoh Corporation
Xinjiang Zhongtai Chemical Co Ltd
Tata Chemicals Limited.
Chlor-Alkali Market Segment Insights:
Caustic soda flakes maintains a dominant position
Based on form, the market can be segmented as caustic soda flakes and caustic soda lye. Caustic soda flakes is the largest segment since 2018 and it is expected to retain its dominance in the years to come. Soda lye is an emerging segment attributing to rise in popularity in the industrial domain.
Caustic soda is predominant segment
Based on product, the market can be segmented as chlorine, caustic soda, HCL, hydrogen and soda ash. Caustic soda holds the highest position in the product category owing to increase in glass production and rise in use of glass applications in various verticals. Soda ash is an emerging segment attributing to moderate demand.
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