PUBLISHER: IMARC | PRODUCT CODE: 1390834
PUBLISHER: IMARC | PRODUCT CODE: 1390834
The global chlor-alkali market size reached US$ 66.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 89.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.99% during 2022-2028.
Chlor-alkali refers to the process of producing chlorine and caustic soda by the electrolysis of sodium chloride solution. It is widely utilized in the manufacturing of other sodium and chlorine-based derivates or products like chlorinated paraffin, hydrochloric acid, sodium hypochlorite, bleaching powder, and hydrogen gas. At present, it finds extensive application in numerous end use industries, such as chemicals, paper and pulp, pharmaceuticals and beauty and personal care.
At present, there is a rise in the demand for caustic soda and its derivates around the world. This can be accredited to its considerable application in the production of paper and pulp, textiles and the synthesis of many organic and inorganic chemicals. Apart from this, the flourishing automobile and construction industries worldwide are contributing to market growth. Furthermore, the growing upgradation and rapid industrialization is encouraging leading market players to invest in research and development (R&D) activities and make allied products. In addition, on account of increasing environmental concerns, these players are employing membrane cell technology, which is creating a favorable market outlook. Besides this, there is a significant rise in the utilization of chlorine in healthcare facilities for hyper chlorination of potable water to prevent Legionella colonization, chlorination of water distributed systems used in hemodialysis centers, disinfection of laundry, cleaning of surfaces, local use to decontaminate blood spills, decontamination of medical waste prior to dental therapy and disposal. Other major factors, including the escalating demand for water treatment due to the coronavirus disease (COVID-19) outbreak and increasing production capacity and exports of textiles and apparel, are projected to impel the growth of the market further in the upcoming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global chlor-alkali market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, production process and application.
Caustic Soda
Chlorine
Soda Ash
Others
Membrane Cell
Diaphragm Cell
Others
Pulp and Paper
Organic Chemical
Inorganic Chemical
Soap and Detergent
Alumina
Textile
Others
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being AGC Inc., Akzo Nobel N.V., Covestro AG, Formosa Plastics Corporation, INOVYN Chlorvinyls Limited (INEOS AG), Kemira Oyj, Occidental Petroleum Corporation, Olin Corporation, PCC SE, Tosoh Corporation, Vynova Group (The International Chemical Investors Group) and Westlake Chemical Corporation (TTWF LP).