Global Chlor-Alkali Market was valued at USD 91.55 billion in 2021 and is expected to reach USD 118.86 billion by the year 2028, at a CAGR of 3.8%.
Chlor-alkali refers to the two chemicals such as chlorine and alkali which are concurrently manufactured as a result of the electrolysis of salt water. The most common chlor-alkali chemicals are chlorine and caustic soda (sodium hydroxide) but can include potassium hydroxide and muriatic acid. There are three types of electrolytic processes utilized in the production of chlorine and caustic soda such as the diaphragm cell process, the membrane cell process, and the mercury cell process.
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In addition to discussing development policies and plans, manufacturing procedures and cost structures are also analysed. Additionally, this report includes data on supply and demand, import/export consumption, cost, price, income, and gross margins. The research focuses on the world's largest, most influential market players and provides details on them, including company profiles, product specifications, prices, costs, and contacts.
Major Key Players In This Chlor-Alkali Market:
- 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) and other major players.
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Market Dynamics:
Growing inclination towards adoption of the HVAC system in high-end OHV and CV is expected to boost growth of the global Chlor-Alkali market during the forecast period. Rise in the demand for luxury and convenience functions in vehicles is increasing due to increasing disposable income, changing buyer preference, and increase in purchasing power. For instance, in July 2020, Hyundai developed air-conditioning technology for maintaining clean air in vehicles.
However, rising demand for hybrid and electric vehicles reducing the requirement for conventional engine cooling component is expected to hamper growth of the global automotive Chlor-Alkali market during the forecast period.
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Global Chlor-Alkali Market: Segmentation
By type, the global Chlor-Alkali market is segmented into:
- Caustic Soda
- Chlorine
- Soda Ash
- Others
By Distribution Channels the global Chlor-Alkali market is segmented into:
- Direct Sales
- Specialty Stores
- Warehouses
- Online
- Others
On the basis of geography, the global Chlor-Alkali market is segmented into:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
Impact of COVID-19:
COVID-19 has negatively affected the demand for the chlor-alkali market in 2020. According to the International Labor Organization study, the global textile trade declined in the first half of the year. The demand for chemicals, organic, and inorganic chemicals decreased rapidly across the globe. Exports to the major buying regions in the United States, the European Union, and Japan decreased by up to 70%. Singapore, Indonesia, Malaysia, and the Philippines have foisted quarantines on ships arriving from Chinese ports. Ships that have been in Chinese ports within 14 days before arrival in the Southeast Asian ports are needed to quarantine for 14 days at the port before accommodate.
Reasons to buy the report:
- To provide a comprehensive picture of the Chlor-Alkali market, illustrative segmentation, analysis, and forecasting of the market have been undertaken based on type, offering, deployment, process, industry, and region.
- In order to offer comprehensive insights into the Chlor-Alkali market, a value chain analysis has been completed.
- This study provides an in-depth analysis of the Chlor-Alkali market's major drivers, restraints, opportunities, and challenges.
- The study includes important participants, a comprehensive analysis of their income streams, and a full competitive landscape of the market.
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