Chlor-alkali Market to Reach Valuation of ~US$ 100 Bn By 2030; Expansion Spree for Boosting Production Capacities in Asia Pacific Adds Substantial Value to Chlor-alkali Market, Observes TMR

- Application in producing disinfection solutions for pandemics source of new revenue streams

- Use of ODC technology in chlor-alkali electrolysis may bring vast process improvements, opening new avenues in Chlor-alkali market

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Transparency Market Research

May 14, 2020, 07:30 ET

ALBANY, New York, May 14, 2020 /PRNewswire/ -- Current Prospects and Future Outlook: Chlor-alkali Market

Growing use of chlor-alkali in chlorine- and sodium- derived products is broadening its applications in producing several commodity chemicals that are used in numerous industries. In recent times, players in the chlor-alkali market have witnessed large revenue streams in the light of growing pandemic of COVID-19, where chlor-alkali chemicals are used in making disinfectants. Some of the key chemicals produced using chlor-alkali are chlorine, bleaching solutions, and sodium hypochlorite.

Growing awareness about the toxicity profile will help develop safer solutions that will be widely accepted in various end-use industries. Garnering a CAGR of 4% from 2020 to 2030, the global chlor-alkali market is projected to reach worth of US$ 100 bn by 2030-end.

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Key Takeaways in Chlor-alkali Market Study

Of all applications, the EDC/PVC held the leading share in 2019; is expected to retain its lead in coming years as well
Asia Pacific contributed major share of demands in chlor-alkali market
Asia Pacific to continue to be lucrative market; the regional market expected to expand at 4.7% from 2020 to 2030; prominent presence of several end-use industries drive demand in the region
COVID-19 has affected supply chain and logistics in China, a key producer and exporter of chlor-alkali; this may result in the market to contract incrementally in 2020
Chlorine expected to be second leading product segment, vis-à-vis revenue, in chlor-alkali market
Adoption of ODC technology has enabled producers of chlorine to improve process considerably

Explore 229 of pages of top-notch research, incisive insights, and detailed country-level projections of Chlor-alkali Market (Product: Caustic Soda, Chlorine, and Soda Ash; and Application: Aluminum Processing, EDC/PVC, Chemical Processing, Dyestuff, Glass Manufacture, Food Processing, Pulp & Paper, Water Treatment, Soaps & Detergents, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030. Gain business intelligence at https://www.transparencymarketresearch.com/chlor-alkali-market.html

Chlor-alkali Market: Key Driving Factors and Avenues

Chlor-alkali comprises a group of chemicals used widely in a range of end-use industries such as building and construction, aluminum processing, healthcare, chemical processing, and pulp and paper. Numerous technology trends and the recently evolving macro-economic scenario will influence the future growth trajectories of the chlor-alkali market considerably. Some of the trends worth noticing are

Growing demand for disinfestation chemicals with good safety profile is a key factor that will be driving developments in chlor-alkali market
Extensive use of pipes and fittings and wire and cables is a key factor driving the demand for chlor-alkali chemicals
Producers of chlor-alkali chemicals are leaning on adopting tailor-made packaging solutions
Strides being made by biodiesel and surfactants production are also boosting chlor-alkali market
Over the past few years, chlor-alkali chemicals are used in making a wide range of building materials
Use of chlor-alkali in application in water treatment and pharmaceuticals industry represent new, promising markets

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Chlor-alkali Market: Region-wise Analysis

Regionally, Asia Pacific is expected to be a lucrative market. It held the leading share of more than 60% of the global market in 2019. Several trends have led to increasing prominence of the region in the overall market. A key factor bolstering the prospects is extensive uptake in manufacturing of alumina and PVC construction chemicals. Moreover, the rapidly increasing presence of companies in chemical processing, pulp and paper, and textile manufacturing has spurred the uptake of various chlor-alkali chemicals, making this a promising regional market. To a large extent, the uptake is fueled by sheer pace of industrialization across Asia Pacific. India's aluminum sector, in particular, has offered large capitalization avenues for players in the Asia Pacific chlor-alkali market.

Competitive Landscape in Chlor-alkali Market

Players are fervently looking to expand their production capacities to consolidate their presence in new markets, such as in Asian countries. Over the past few years, top regional markets have made sizable investments. They are also adopting technologies that can help them improve process of production of chlor-alkali chemicals significantly.

Notable players include names such as Tata Chemicals Ltd., INEOS, Tosoh Corporation, Occidental Petroleum Corporation, and Dow.

Analyze Chlor-alkali Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.

Global Chlor-alkali Market: Segmentation

Chlor-alkali Market, by Product

Caustic Soda
Chlorine
Soda Ash

Chlor-alkali Market, by Application

Aluminum Processing
EDC/PVC
Chemical Processing
Dyestuff
Glass Manufacture
Food Processing
Pulp & Paper
Water Treatment
Soaps & Detergents
Others (including Hydrochloric Acid and Sodium Hypochlorite)

Chlor-alkali Market, by Region

North America

U.S.
Canada

Europe

Germany
France
U.K.
Italy
Spain
Russia & CIS
Rest of Europe

Asia Pacific

China
Japan
India
ASEAN
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

GCC Countries
South Africa
Rest of Middle East & Africa

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