Our latest research report entitled Chlor-Alkali Market (by product (caustic soda, chlorine, and soda ash), application (caustic soda, chlorine, and soda ash)) provides complete and deep insights into the market dynamics and growth of Chlor-Alkali. The latest information on market risks, industry chain structure Chlor-Alkali cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Chlor-Alkali growth factors.
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Steady Growth in Demand for Alumina, Pulp and Paper, Vinyl and Other Derivatives is Positively Supporting the Growth
The chlor-alkali process is an electrolytic process by which chlorine and alkali are produced from a salt solution. Diaphragm cell process, mercury cell process, and membrane cell process are the three types of technologies utilized for the chloralkali process. Caustic soda (sodium hydroxide), muriatic acid and potassium hydroxide are the major alkalis produced used during this process. Usually, seawater is used as a brine solution. Chlorine is a major chemical building block in various industries and it accounts for a major portion of overall chlor-alkali demand. Chlorine finds major application in the EDC/PVC industry. Moreover, caustic soda finds applications in industries such as aluminum, cleaning agents, food, soap, textiles, and some others.
The steady growth in demand for alumina, pulp and paper, vinyl and other derivatives is positively supporting the growth for the chlor-alkali market. The increasing demand for chlorine is motivating many chlor-alkali producers to improve the production of allied products and upgrade technology which supports the growth of the market. Moreover, the growing demand from industries such as automobiles, construction, food, paper, pulp, and other industries are also driving the chlor-alkali market. Besides, the demand for chlor-alkali products in inorganic and organic chemical industries is likely to enhance the growth of the chlor-alkali market during the forecast period.
However, the discharge of mercury and carbon during the manufacturing of Chlor-alkali has environmental implications, which in turn is likely to restrain the growth in this market over the forecast period. Advancement in technology to overcome the production issue is a major challenge for companies in the global chlor-alkali market. Furthermore, heavy investments in the alumina industry are expected to provide growth opportunities for the chlor-alkali market in upcoming years.
Asia-Pacific the Region Holds a Significant Share
Among the geographies, Asia-Pacific the region holds a significant share in the chlor-alkali market. China, India and Southeast Asian countries drive the Asia-Pacific region with huge consumption of caustic soda, chlorine and soda ash in industries such as construction, food & beverages, metal refining, paper, plastics, and others.
Europe and North America are the second major chlor-alkali markets. Major water purification processes used in Europe require chlorine. Moreover, chlorinated compounds are widely used for the synthesis of several active chemicals in the pharmaceutical industry. The greater demand for chlorine from these industries drives the European chlor-alkali market. The increase in demand from the automobile industry is expected to drive the North American chlor-alkali market over the forecast period.
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Report on Global Chlor-Alkali Market Covers Segments such as Product and Application
On the basis of product, the sub-markets include caustic soda, chlorine, and soda ash. On the basis of application, the sub-markets include caustic soda, chlorine, and soda ash.
Competitive Analysis:
The report provides profiles of the companies in the market such as Akzo Nobel N.V., Westlake Chemical, Covestro AG, Occidental Petroleum Corporation, Solvay, Tata Chemicals Limited, Hanwha Chemical, Tosoh Corporation, Xinjiang Zhongtai Chemical Co., Ltd., DowDuPont Inc., and Others companies.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-chlor-alkali-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Chlor-Alkali.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.