Chlor-Alkali Market Scope
Chlor-Alkali Market research report provides an in-depth analysis of the drivers, restraints, market dynamics, trends, opportunities and challenges, and competitive landscape that are expected to shape its future growth trajectory.
The global Chlor-Alkali market size is estimated to be USD 63.2 billion in 2021 and is projected to reach USD 77.4 billion by 2026, at a CAGR of 4.1% between 2021 and 2026.
Global leading players are profiled with their revenue, market share, profit margin, major product portfolio, and SWOT analysis. From an industry perspective, report analyses the supply chain, including process chart introduction, upstream key raw material and cost analysis, and distributor and downstream buyer analysis. Global chlor-alkali market report also includes global and regional market size and forecast, major product development trends and typical downstream segment scenarios, under the context of market drivers and inhibitors analysis.
Chlor-Alkali Market Dynamics
- Driver: Steady Growth of Chemical industry across the globe to drive demand
- Restraints: Environmental impact of chlor-alkali products
- Opportunity: Emerging countries offer significant growth opportunities
- Challenges: Transportation and storage of chlorine
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Chlor-Alkali Market Key Points:
- Define, describe, and forecast chlor-alkali market by material, application, end use and region.
- Provide enterprise external environment analysis and SWOT analysis.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyse the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Browse in-depth TOC on "Chlor-Alkali Market"
646 – Tables
55 – Figures
416 – Pages
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Chlor-Alkali Market Key Players
The report covers extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies. The key players studied in the report include:
- Olin Corporation(US)
- Westlake Chemical Corporation (US)
- Tata Chemicals Limited (India)
- Occidental Petroleum Corporation (US)
- Formosa Plastics Corporation (Taiwan)
- Solvay SA (Belgium)
- Tosoh Corporation (Japan)
- Hanwha Solutions Corporation (South Korea)
- Nirma Limited (India)
- AGC, Inc. (Japan)
- Dow Inc. (US)
- Xinjiang Zhongtai Chemical Co. Ltd. (China)
- INOVYN (UK)
- Ciner Resources Corporation (US)
- Wanhua-Borsodchem (Hungary)
By application, Alumina account for the largest share for Caustic soda in the Chlor-Alkali market
Alumina occurs as aluminum oxide and is refined to produce aluminum. Due to the increasing demand for aluminum across the globe, especially from China, the demand for alumina is increasing steadily. Generally, caustic soda is used for the production of alumina. Thus, the steady growth of the market is expected to, in turn, support the growth of the chlor-alkali market. APAC dominates the market, followed by North America and Europe. The demand for caustic soda is projected to be driven by the shifting base of industrial production to the APAC, the increasing population, and the rising demand for infrastructure.
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By application, EDC/PVC accounts for the largest share of Chlorine in the Chlor-Alkali market
PVC is utilized in the construction, electronics, healthcare, automotive, packaging, and other end-use industries. Its low cost and desirable physical & mechanical properties make it a suitable material was various applications. In 2019, the demand for PVC in Europe was approximately five million tons, which accounted for 10% of the overall production of plastic in Europe. Chlorine is utilized in production of EDC/PVC and growth in end-use industries for EDC/PVC expects to drive the demand for chlorine in Chlor-alkali market.
By application, Glass account for the largest share for Soda Ash in the Chlor-Alkali market
Soda ash is an essential component in the manufacture of glass. Glass is produced by melting silica soda ash (approximately 15% of the total weight of the glass) and calcium compounds along with coloring agents and metallic oxides. Glass products are widely used in the construction, automotive, packaging, household, laboratory, and other industrial applications. APAC is projected to drive the demand for soda ash in the glass application due to the high demand from emerging economies where the construction and automotive sectors are growing.
APAC accounted for the largest share in the global Chlor-Alkali market
APAC accounted for the largest share of the Chlor-Alkali market in 2020, followed by Europe and North America. APAC recorded the largest demand for chlor-alkali in the past few years due to the growing investments in developing countries and manufacturing capacity additions across end-use industries, especially water treatment, and chemical processing. Increasing investments in infrastructure development projects, growing urbanization, rapid industrialization, improving the standard of living, and thriving automotive sector, as well as high economic growth, are the key factors for the regions overall growth.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics.
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed based on how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pinpoint analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
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