The global Chlor-Alkali market is forecast to reach USD 137.99 Billion by 2027, according to a new report by Reports and Data. Chlor-alkali is a scientific process in which chlorine, caustic soda, soda ash, and their derivatives are manufactured. An increase in demand for caustic soda is due to the wide applications in food processing and pulp and paper industry.
It is a non-flammable and odorless white solid which is available commercially in the form of pellets, flakes, granules, and aqueous solutions of different concentrations. Owing to its highly corrosive nature, it can generate substantial heat and ignite combustible materials when dissolved in water. The product is used in petroleum products refining, organic synthesis processes, and textile industry in the production of bleaching fabrics and in viscose silk, in soap making, paper, and aniline industry, production of soluble glass, aluminum and sodium metal, alkaline accumulators.
North America is expected to grow with a CAGR of 5.4% during the forecast period. High demand from textile as well as soap and detergent applications is anticipated to propel the regional market demand. High-temperature fluctuations in North American countries led to disruption in production volumes, reduced operating rates of few plants, and longer formulation time. This post as a challenge to the market growth.
Key participants include Dow Chemicals, AkzoNobel NV, Solvay Chemicals, Tata Chemicals Limited, Formosa Plastic Corporation, Tronox, Hanwha Chemical Corporation, Nirma Limited, Tosoh Corporation, and Occidental Petroleum Corporation, among others.
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The comprehensive analysis of the Chlor-Alkali market assists businesses in gaining a competitive advantage and helps them reach their business goals and objectives. The global Chlor-Alkali market research report is formulated with the descriptive profiles of the leading companies of the market along with their pricing analysis, gross revenue, financial standing, sales network and distribution channel, profit margins, and market position. This offers the readers a complete understanding of the competitive landscape of the Chlor-Alkali industry.
The Chlor-Alkali research report draws focus on the strengths and weaknesses of the key players of the market through a comprehensive SWOT analysis and Porter’s Five Forces analysis to project the growth rate.
The global Chlor-Alkali market report further segments the market based on product types offered by the market, applications, and key geographies of the market. The research study assesses the market in terms of market size, volume, revenue, and share.
Furthermore, the report also offers an accurate assessment of the market share and customer base of the Chlor-Alkali market in the major geographical regions of the world. The report also analyzes the growth of the individual segments of the Chlor-Alkali industry throughout the forecast period.
Product Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
- Caustic Soda
- Soda Ash
Process Systems Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
- Membrane Cell
- Diaphragm Cell
- Mercury Cell
Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
- Organic Chemicals
- Food Processing
- Paper and Pulp
- Isocyanates & Oxygenates
- Water Treatment
- Soaps and Detergents
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Chlor-Alkali market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Further key findings from the report suggest,
- Caustic soda is a substance used as an ingredient or in the production of dozens of household products such as detergents, body soap, and drain cleaners. In conditions where a corrosive substance is required, like for a drain blockage, caustic soda helps to dissolve the organic materials but will leave the polyvinyl chloride pipes intact. It is also used in the production of ice cream, soft drinks, and food dye.
- The membrane cell process has intrinsic ecological advantages over the two older methods, as it does not use mercury or asbestos. It is the most energy-efficient process and is incredibly safe to operate, and it produces a consistently high quality of caustic soda.
- An increase in the construction and automotive industry is driving the demand for glass, which is propelling the market for soda ash. Factors such as energy-intensive production processes and stringent regulations are expected to hamper the growth of the chlor-alkali market.
- China’s pulp and paper industry is modern and highly mechanized, and the labor is significantly cheap. Owing to the government afforestation initiatives, forest cover is increasing in the region. With a thriving pulp and paper industry, along with a growing demand from other end users, the consumption of caustic soda is expected to rise in China in the coming years.
In conclusion, the report offers an extensive panoramic view of the Chlor-Alkali industry, backed by key statistical data and figures garnered from authentic sources and thorough primary and secondary research. The report offers a thorough examination of the size, shape, and volume of the market to offer an accurate forecast estimation of the Chlor-Alkali industry till 2027. The report also strives to offer strategic recommendations to the new players entering the Chlor-Alkali industry and guide them for overcoming entry-level barriers. It also offers recommendations to the established companies to fortify their presence in the Chlor-Alkali market and capitalize on the emerging opportunities in the industry.
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