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.
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Key Takeaways in Chlor-alkali Market Study
- 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
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Chlor-alkali Market: Region-wise Analysis
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 Market growth 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
- Caustic Soda
- Soda Ash
Chlor-alkali Market, by Application
- Aluminum Processing
- Chemical Processing
- Glass Manufacture
- Food Processing
- Pulp & Paper
- Water Treatment
- Soaps & Detergents
- Others (including Hydrochloric Acid and Sodium Hypochlorite)
Chlor-alkali Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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