Market Overview 2018 to 2022
According to a recently published report by Market Research Future on Global Chlor-Alkali Market Research Report- Forecast to 2022, the sector is expected to see double billion dollar growth with an impressive CAGR rate. The reason for the boom of this sector can be attributed to the increased demand from construction sector and paper industries to name a few. This has caused a rise in the upgradation and industrialization to technology to manufacture chlorine in an effective manner. The development of manufacturing industries globally will drive demand for caustic soda in alumina and chemical market. The growing demand for plastic paints, elastomers are a few of the factors driving the market of chlorine product in Chlor-Alkali market.
Chlor-Alkali refers to the process that is used for the electrolysis of sodium chloride. The procedure creates chlorine and sodium hydroxide which are common by products i.e. commodity chemicals required by the industry. The industrial scale production process of Chlor-Alkali began in 1892. The process includes the electrolysis of brine solution which creates sodium hydroxide, hydrogen and chlorine. The main products of the Chloralkali market are caustic soda chlorine gas and soda ash.
Global Leading top key players
The key players of Global Chlor-Alkali Market are AkzoNobel NV, Bayer Material Sciences AG, Dow Chemicals, Tata Chemicals Ltd, Axiall Corporation, Olin Corporation, Formosa Plastics Corporation, Nirma Limited, Occidental Petroleum Corporation, Solvay S.A. and others.
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Latest Industry News:
March 2017 International Process Plants (IPP) & ChemChina’s Bluestar (Beijing) Chemical Machinery Company, Ltd. (BCMC) have announced a partnership, in which IPP will provide new chlorine alkali plants designed and built by BCMC to industries around the world. This project will allow the companies to work with their client base in the chlor-alkali industry to increase cost competitiveness, as well as to decrease their new capacity expansion project’s cost and lead time.
October 2017 AkzoNobel has further expanded its production recently by converting the company’s mercury-based Chlor-Alkali plant in Frankfurt to modern membrane technology, which has increased the availability of chlorine raw material.
November 2017 Inovyn has invested in a substantial new state-of-the-art membrane cell room for the production of chlorine and caustic soda at Cologne, Germany. The company’s chlor-alkali investment program currently includes a well advanced membrane cell room conversion at Stenungsund (Sweden), as well as the recently completed expansion of its membrane chlorine cell room at Antwerp/Lillo (Belgium) to mention a few of its significant investments.
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- Chlor-Alkali manufactures.
- Traders and distributors of Chemicals.
- Association and government bodies.
- Application industries.
- Research institute
Global Chlor-Alkali Market – Segments
Global Chlor-Alkali Market is segmented into the following categories:
By Product Type: Chlorine Gas, Caustic Soda and Soda Ash
By Application: Organic Chemicals, Inorganic Chemicals, Paper & Pulp Industry, Food, Soaps & Detergents and Others
By Region: North America, Europe, APAC and ROW
Global Chlor-Alkali Market – Regional Analysis
Geographically, APAC region dominates this Chlor- Alkali Market both in terms of volume and value and is expected to grow significantly at the same rate. China is major revenue generating country due to rapid industrialization, low cost of raw material and labor and high manufacturing of Chlor-Alkali products. North America and Europe is second and third due to less production of Chlor- Alkali Products compared to developing economies.
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