Global Chlor Alkali Market Size, Share, Industry Trends & Forecast to 2025

All manufactures and producers are shifting their attention towards chlor alkali chemicals for use of membrane cell technology to reduce harm to the environment. One of the major factors driving the chlor alkali market is rapid industrialization in emerging economies such as China and India and the low cost of raw material and labor availability in those economies. Chlor alkali is s used for manufacturing chlorine, soda ash, and other chlorine and sodium-based products such as hydrochloric acid, sodium hypochlorite, bleaching powder, hydrogen gas, and chlorinated paraffin. The process consists of electrolysis of sodium chloride solution for the creation of the products. Some other processes used for the production of chlor alkali products include mercury cell process, diaphragm cell technology, and monopolar membrane and so on.

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The flourishing alumina industry is expected to observe significant investment due to the increasing need for chlor alkali in the market. As caustic soda is one of the most prominent raw materials in the refining process of alumina and hence is propelling the demand for caustic soda and simultaneously increasing the chlor alkali market. Moreover, chlor alkali has tremendous applications in the automobile and construction sectors. The rise in demand for elastomers and plastic paints is additionally responsible for the growth of chlor alkali market.

The chlor alkali market is expected to grow notably in emerging economies such as China and India. Moreover, a tremendous boost in the need for organic and inorganic chemicals is anticipated to propel the chlor alkali market. However, in spite of the diversity in chlor alkali industries, there is a significant environmental risk due to the pollution caused by the release of mercury from chlor alkali processes, keeping this risk in mid the government across the globe intervenes and puts stringent rules and regulations to curb this problem. Additionally, standardization in the chlor alkali industry is lacking substantially due to which the growth of the market is hampering.

The key players contributing significantly to the market growth include Solvay SA, Tata Chemicals Limited, DCM Shriram Ltd., Nirma Limited, Akzo Nobel N.V., Aditya Birla Chemical Company and so on. The key strategies adopted by the market players include R&D, product launch, partnership, and collaboration. R&D, product expansions are the strategies that are adopted to stay competitive and to develop new and efficient technology in the market. For instance, In June 2019 Grasim Industries signed an agreement to acquire the chlor-alkali business of KPR Industries for $350 million. Once this project is completed it will enable the company to increase the production capacity to 1.22 million tons annually.

GLOBAL CHLOR-ALKALI MARKET: SEGMENTATION

BY PRODUCT
• Chlorine
• Sodium hydroxide
• Soda Ash
• Hydrochloric acid

BY APPLICATION
• Paper & pulp
• Water treatment
• Organic chemicals
• Inorganic chemicals
• Steel
• Aluminum
• Metallurgy
• Soap
• Textile
• PVC
• Glass
• Others

GLOBAL CHLOR-ALKALI MARKET: REGION
North America
• US
• Canada
Europe
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World

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This release was published on openPR.