IMARC Group, a leading market research company, has recently releases report titled “Chlor-Alkali Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global chlor-alkali market size share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the chlor-alkali market?
The global chlor-alkali market size reached US$ 70.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 104.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.
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What are chlor-alkali?
Chlor-alkali is an industrial procedure, which is utilized for manufacturing chlorine (Cl), hydrogen (H2), and sodium hydroxide (NaOH) through the electrolysis of sodium chloride (NaCl) solution. It is extensively deployed in the chemical sector for the production of caustic soda, bleaching powder and sodium hypochlorite (NaCIO). At present, chlor-alkali is differentiated into three electrolytic procedures for manufacturing chlorine, such as the diaphragm, mercury, and the membrane cell process.
What are the growth prospects and trends in the chlor-alkali industry?
The extensive utilization of chlor-alkali for manufacturing various products, such as paper bleaching, paints, industrial solvents, fertilizers, PVC plastics, and dyes, is one of the key factors driving the chlor-alkali market. Moreover, due to growing environmental consciousness, the member cell technology is increasingly being utilized to produce chlorine in a sustainable manner, which, in turn, is facilitating the market growth. Other than this, the increasing demand for chlorine, soda ash and caustic soda in the industrial sector is creating a positive outlook for the market across the globe.
Who are the key players operating in the industry?
The report covers the major market players including:
- 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
- Westlake Chemical Corporation
- TTWF LP
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Caustic Soda
- Chlorine
- Soda Ash
- Others
Breakup by Production Process:
- Membrane Cell
- Diaphragm Cell
- Others
Breakup by Application:
- Pulp and Paper
- Organic Chemical
- Inorganic Chemical
- Soap and Detergent
- Alumina
- Textile
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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