Overview and Scope
The terms ‘chlor-alkali’ refer to the method used to manufacture chlorine and sodium hydroxide (caustic soda), both of which are basic chemicals required by industry. Chlor-alkali is a group of chemicals such as chlorine, hydrogen, and sodium hydroxide that are produced by the electrolysis of saltwater. Chlorine is abundantly produced through this process and is an essential component in bleaching agents, solvents, construction materials, and insecticides.
Sizing and Forecast
The chlor-alkali market size has grown strongly in recent years. It will grow from <b>$79.98 billion in 2023 to $86.26 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. </b> The growth in the historic period can be attributed to growth in chemical manufacturing, increased water treatment demand, growth of the pulp and paper industry, increased pharmaceutical production, and increased demand for food processing.
The chlor-alkali market size is expected to see strong growth in the next few years. It will grow to <b>$117.17 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. </b> The growth in the forecast period can be attributed to increasing sustainable chemistry practices, growing clean energy production, global industrial expansion, green chemical manufacturing, increasing demand for water quality management
. Major trends in the forecast period include advanced electrolysis technologies, water treatment solutions, specialty chemical applications, electrolyzer innovations, and chemical industry innovation.
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Segmentation & Regional Insights
The chlor-alkali market covered in this report is segmented –
1) By Product: Chlorine-based Chlor Alkali, Caustic Soda-based Chlor Alkali, Soda Ash-based Chlor-Alkali, Other Products
2) By Production Process: Membrane Cell, Diaphragm Cell, Other Production Processes
3) By Application: Pulp And Paper, Organic Chemical, Inorganic Chemical, Soap And Detergent, Alumina, Textile, Other Applications
<b>Asia-Pacific</b> was the largest region in the chlor-alkali market in 2023. <b>North America</b> was the second-largest region in the chlor-alkali market share. The regions covered in the chlor-alkali market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growth of the chemical industry across the globe is expected to propel the growth of the chlor-alkali market going forward. The chemical industry produces industrial chemicals and provides building blocks and raw materials for many industries, such as textiles, paint, paper, soap and detergent, pharmaceuticals, and agriculture. Chlor-alkali is used in the chemical industry to generate chemicals through an industrial process, and the growth of the chemical industry will encourage the usage of chlor-alkali to produce chlorine, hydrogen, and sodium hydroxide. For instance, according to BASF SE, a Germany-based chemicals company, global chemical production increased by 4.4% in 2021, from a negative 0.4% growth rate in 2020. Therefore, the growth of the chemical industry across the globe is driving the chlor-alkali market growth.
Key Industry Players
Major companies operating in the chlor-alkali market include <b> AGC Inc., Tosoh Corporation, Solvay SA, The Dow Chemical Company, Tata Chemicals Ltd., Olin Corporation, Westlake Chemical Corporation, Xinjiang Zhongtai Chemical Co. Ltd., Occidental Petroleum Corporation, Hanwha Group, INOVYN ChlorVinyls Limited, Wanhua-Borsodchem, Formosa Plastics Corporation, Tronox Holdings plc, Bayer AG, Axiall Corporation,, BASF SE, Akzo Nobel N V, FMC Corporation, Covestro AG, Shin-Etsu Chemical Co., Ltd., PPG Industries, Saudi Arabias Basic Industries Corporation, Reliance Industries Limited, Grasim Industries, Gujarat Alkalies and Chemicals Limited, Nirma Limited, China National Chemical Corporation, Shandong Dongyue Group, Ciech S.A., The Aditya Birla Group, Inner Mongolia Junzheng Energy & Chemical Group, China National Petroleum Corporation </b>
The chlor-alkali market report table of contents includes:
1. Executive Summary
2. Chlor-Alkali Market Characteristics
3.Chlor-Alkali Market Trends And Strategies
4. Chlor-Alkali Market analysis
5. Chlor-Alkali Market Size And Growth
6. Chlor-Alkali Segmentation
7.Chlor-Alkali Regional And Country Analysis
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27.Chlor-Alkali Competitive Landscape And Company Profiles
28.Chlor-Alkali Key Mergers And Acquisitions
29. Chlor-Alkali Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- AGC Inc.
- Tosoh Corporation
- Solvay SA
- The Dow Chemical Company
- Tata Chemicals Ltd.
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