DALLAS, December 10, 2014 /PRNewswire/ --
The report "Chlor-Alkali Market by Products (Caustic Soda/Sodium Hydroxide, Chlorine, Soda ASH/Sodium Carbonate), Applications & Geography - Global Industry Trends & Forecasts to 2019", published by MarketsandMarkets, defines and segments the global chlor-alkali market with analysis and forecasting of volume consumed and value generated. The chlor-alkali consumption is projected to grow from 193,384 KT in 2014 to 224,231 KT by 2019, at a CAGR of 3.00% during the same period. At a CAGR of 6.00%, the market is projected to reach $93,936 million in 2019 from $70,407 million in 2014.
Browse 176 market data tables and 79 figures spread through 227 pages and in-depth TOC on"Chlor-Alkali Market by Products, Applications & Geography - Global Industry Trends & Forecasts to 2019"
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The report also defines driving and restraining factors for the global chlor-alkali market with the analysis of trends, opportunities, burning issues, winning imperatives, and challenges. Some of the drivers include growing increased demand from the construction and automobile sectors, increased use in food, pulp and paper industries. The chlor-alkali market is experiencing moderate growth, especially in Asia-Pacific and North America, due to the increased demand of chlor-alkali products in construction and chemical sectors. European chlor-alkali market is expected to face a demand supply gap as mercury cell plants are scheduled to be phased out from service before 2020.
The market is forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World both by value and volume. The regional chlor-alkali market is further segmented on the basis of major applications each of, chlorine, caustic soda and soda ash.
"Asia-Pacific: The Biggest Market of Chlor-Alkali"
The Asia-Pacific region was the world's largest market for chlor-alkali products in 2013 and is expected to be till 2019. China is the key consumer of chlorine, caustic soda and soda-ash in Asia-Pacific whereas India is expected to be the fastest growing market of chlor-alkali in Asia-Pacific as well as the World. Various mergers & acquisitions, and expansions in chlor-alkali industry and growing plastics industry have in turn made the region a potential growth market for chlor-alkali market. Expansions are key growth strategy adopted by major players in this industry.
Expansion and merger & acquisitions are the major growth strategies adopted by industry players. Most of the companies are engaged in expanding their existing facilities or are venturing into new markets by mergers & acquisitions. Another area of concern is the improvement in the existing technology so that there is less energy consumption and the process is more environmentally benign. Replacing old mercury cell plants with advanced membrane cell technology is also a trend across all regions.
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The report forecasts value of the global chlor-alkali market and its various sub-markets with respect to main regions namely, Asia-Pacific, Europe, North America, and Rest of the World.
The report segments the global chlor-alkali market by its three products; chlorine, caustic soda and soda ash and their subsequent end user applications.
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