ALBANY, New York, May 14, 2020 /PRNewswire/ -- Current Prospects and Future Outlook: Chlor-alkali Market
Growing use of chlor-alkali in chlorine- and sodium- derived products is broadening its applications in producing several commodity chemicals that are used in numerous industries. In recent times, players in the chlor-alkali market have witnessed large revenue streams in the light of growing pandemic of COVID-19, where chlor-alkali chemicals are used in making disinfectants. Some of the key chemicals produced using chlor-alkali are chlorine, bleaching solutions, and sodium hypochlorite.
Growing awareness about the toxicity profile will help develop safer solutions that will be widely accepted in various end-use industries. Garnering a CAGR of 4% from 2020 to 2030, the global chlor-alkali market is projected to reach worth of US$ 100 bn by 2030-end.
Of all applications, the EDC/PVC held the leading share in 2019; is expected to retain its lead in coming years as well
Asia Pacific contributed major share of demands in chlor-alkali market
Asia Pacific to continue to be lucrative market; the regional market expected to expand at 4.7% from 2020 to 2030; prominent presence of several end-use industries drive demand in the region
COVID-19 has affected supply chain and logistics in China, a key producer and exporter of chlor-alkali; this may result in the market to contract incrementally in 2020
Chlorine expected to be second leading product segment, vis-à-vis revenue, in chlor-alkali market
Adoption of ODC technology has enabled producers of chlorine to improve process considerably
Explore 229 of pages of top-notch research, incisive insights, and detailed country-level projections of Chlor-alkali Market (Product: Caustic Soda, Chlorine, and Soda Ash; and Application: Aluminum Processing, EDC/PVC, Chemical Processing, Dyestuff, Glass Manufacture, Food Processing, Pulp & Paper, Water Treatment, Soaps & Detergents, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030. Gain business intelligence at https://www.transparencymarketresearch.com/chlor-alkali-market.html
Chlor-alkali Market: Key Driving Factors and Avenues
Chlor-alkali comprises a group of chemicals used widely in a range of end-use industries such as building and construction, aluminum processing, healthcare, chemical processing, and pulp and paper. Numerous technology trends and the recently evolving macro-economic scenario will influence the future growth trajectories of the chlor-alkali market considerably. Some of the trends worth noticing are
Growing demand for disinfestation chemicals with good safety profile is a key factor that will be driving developments in chlor-alkali market
Extensive use of pipes and fittings and wire and cables is a key factor driving the demand for chlor-alkali chemicals
Producers of chlor-alkali chemicals are leaning on adopting tailor-made packaging solutions
Strides being made by biodiesel and surfactants production are also boosting chlor-alkali market
Over the past few years, chlor-alkali chemicals are used in making a wide range of building materials
Use of chlor-alkali in application in water treatment and pharmaceuticals industry represent new, promising markets
Regionally, Asia Pacific is expected to be a lucrative market. It held the leading share of more than 60% of the global market in 2019. Several trends have led to increasing prominence of the region in the overall market. A key factor bolstering the prospects is extensive uptake in manufacturing of alumina and PVC construction chemicals. Moreover, the rapidly increasing presence of companies in chemical processing, pulp and paper, and textile manufacturing has spurred the uptake of various chlor-alkali chemicals, making this a promising regional market. To a large extent, the uptake is fueled by sheer pace of industrialization across Asia Pacific. India's aluminum sector, in particular, has offered large capitalization avenues for players in the Asia Pacific chlor-alkali market.
Competitive Landscape in Chlor-alkali Market
Players are fervently looking to expand their production capacities to consolidate their presence in new markets, such as in Asian countries. Over the past few years, top regional markets have made sizable investments. They are also adopting technologies that can help them improve process of production of chlor-alkali chemicals significantly.
Notable players include names such as Tata Chemicals Ltd., INEOS, Tosoh Corporation, Occidental Petroleum Corporation, and Dow.
Analyze Chlor-alkali Marketgrowth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.
Global Chlor-alkali Market: Segmentation
Chlor-alkali Market, by Product
Chlor-alkali Market, by Application
Pulp & Paper
Soaps & Detergents
Others (including Hydrochloric Acid and Sodium Hypochlorite)
Chlor-alkali Market, by Region
Russia & CIS
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials Industry,
EMI Shielding Market - EMI shielding market would grow at a CAGR of 7.2% over the period between 2019 and 2027. The total value of the EMI shielding market would touch US$11.4 bn by 2027, rising up from a value of US$6.3 bn in 2018.
Antioxidants Market - The global antioxidant market is expected to grow at a steady CAGR of 5% during the forecast period. The market growth can be attributed to a host of driving factors of which, the increasing demand from the food industry to extend the shelf life of meat will remain critical.
Butane Gas Cartridges Market - In terms of value, the global butane gas cartridges market was stood around US$ 400 Mn in 2018 and is anticipated to expand at a CAGR of more than 4% from 2019 to 2027
Metal Scavenging Agents Market - Among the type segments, silica-based was the prominent segment with more than 60% share of the global metal scavenging agents market in 2018. It is expected to maintain its dominance from 2019 and 2027.
Ferrous Sulfate Market - In terms of value, the global ferrous sulfate market is anticipated to expand at a CAGR of 3% from 2019 to 2027 and reach ~US$ 4 Bn by 2027.
Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.