Chlor alkali Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The chlor alkali process involves the electrolysis of a sodium chloride solution to produce chlorine gas, sodium hydroxide, and hydrogen gas. This process occurs in an electrolytic cell, typically divided into two compartments the anode and the cathode. Chlorine is considered as the primary product of this process. It is one of the most abundant chemicals produced by the industries across the globe and has numerous industrial applications. The chlor alkali process has a high energy consumption because the yield is equivalent to chlorine and sodium hydroxide.

MARKET DYNAMICS

The chlor alkali market is expected to grow prominently during the forecast period. The growth is attributed to its increasing application of chlor alkali in industries across the globe. As economies grow and infrastructures develop, chemicals are needed in manufacturing processes and the production of various consumer goods. Moreover, the growing demand for water and wastewater treatment across the globe is expected to further aid the growth of the global chlor alkali market. Population growth and depletion of natural resources have propelled the demand for water and wastewater treatment solutions in developed as well as developing economies. However, the production and use of chlor alkali can have environmental consequences, which may hinder the growth of the chlor alkali industry. The process emits mercury through air, water and wastes which is a cause for concern. Emerging countries present significant opportunities for the chlor alkali market growth. These counties are often characterized by rapid industrialization, urbanization, and population growth, driving the growth of industries that rely on chlor alkali products, which have significant growth opportunities in various sectors and applications.

MARKET SCOPE AND REPORT FEATURES

The "Global Chlor Alkali Market Analysis to 2031" is a specialized and in-depth study with a major focus on the global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation by type, application, and geography. The global chlor alkali market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of chlor alkali market worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the chlor alkali market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in chlor alkali market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global chlor alkali market, which helps understand the entire supply chain and various factors affecting the market growth.

SEGMENTAL ANALYSIS

The global chlor alkali market is segmented on the basis of type and application. Based on type, the chlor alkali market is segmented as chlorine, sodium hydroxide (caustic soda), sodium carbonate (soda ash), hydrochloric acid, potassium hydroxide, and others. On the basis of application, the market is classified as, chemical processing, soaps and detergents, water treatment, paper and pulp, textile, food processing, aluminium processing, and others.

Based on type, the sodium hydroxide (caustic soda) accounted for a significant share which can be attributed to its popular use in chlor alkali applications. Caustic soda is one of the cheapest and most widely used alkalies in the chlor alkali industry. It has a vital role in extracting aluminum from bauxite ore. This process is also known as the Bayer process, which is the primary method for the production of aluminum globally. The rise in the demand for caustic soda is expected to be fuelled by the shifting base of industrial production, the increasing population, and the rising demand for infrastructure development. The by-product of caustic soda is an important element for manufacturing PVC plastics. The global growth in demand for PVC further supports the chlor alkali market growth.

REGIONAL INSIGHTS

The report provides a detailed overview of the global chlor alkali market with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific is anticipated to account for a significant portion of the chlor alkali market share. The region is leader in chlor alkali manufacturing with the presence of substantial economic and industrial development. China is dominant in the Asia Pacific region, particularly in the chlor alkali industry. In China, there is a boost in the construction industry, contributing to increased demand for chlorine, a key product of the chlor alkali industry. The chlor alkali market in India accounts for over 70% of the overall basic chemicals market in the country. These factors are expected to aid the growth of the Asia Pacific Chlor Alkali Market.

MARKET PLAYERS

Some of the key players operating in the chlor alkali market include Solvay, AGC INC, Tosoh Corporation, Tata Chemicals Ltd, Westlake Corporation, Olin Corporation, Formosa Plastics Corporation, Occidental Petroleum Corporation, Hanwha Solutions Chemical Division Corporation, Ciner Resources Corporation, Spolchemie, and Wanhua Chemical Group Co. Ltd, among others.

Feb, 2022: Chemieanlagenbau Chemnitz was awarden an EPC project by Kem One to develop a green chlor-alkali electrolysis plant at Fos-Sur-Mer, France.

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REGIONAL FRAMEWORK

Chlor Alkali Market Report Analysis

MARKET PLAYERS

Chlor Alkali Report Scope