Press release
Indian Chlor Alkali Market Size, Share, Opportunities| Industry Growth and Forecast to 2025
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All three major products and their major application industries are listed as follows:
• Caustic Soda
Alumina, inorganic chemicals, organic chemicals, pulp & paper, soaps & detergents, textiles, water treatment, and steel/ metallurgy- sintering.
• Chlorine
EDC/PVC, organic chemicals, inorganic chemicals, isocyanates, chlorinated intermediates, propylene oxide, pulp & paper, C1/C2 aromatics, Water treatment.
• Soda Ash
Glass, soaps & detergents, metallurgy, water treatment, pulp & paper.
Browse the full report description of "Indian Chlor Alkali Market Size, Share and Industry Size, Global Trends, Competitive Analysis and Forecast, 2019-2025" at https://www.omrglobal.com/industry-reports/india-chlor-alkali-market-size
The factors that are anticipated to drive the Indian chlor alkali market include rapid industrialization in the region, low cost of raw material and labor availability. Further, the rise in demand for plastic paints and elastomers in the region will also attribute to the overall growth of Indian chlor alkali market. However, the major factor that will hinder the growth of Indian chlor alkali market is government regulation concerning the environment safety as mercury and carbon emissions during the manufacturing process of these products are major harmful for the environment. Additionally, the high cost of manufacturing also serves as a concern that will slow the growth of Indian chlor alkali market.
Active players in Indian alkali market include AKzoNoble, Axiall Corp., Formosa Plastic Corp., Nirma Ltd., Occidental petroleum Corp. (OXY), Olin Corp., Tosoh Corp., Ineos Corp., The Dow Chemicals Company, Aditya Birla Chemical Company, DCM Shriram Ltd., Lords Chloro Alkali Ltd. and so on. To remain relevant in the market, these players adopt various strategies such as acquisitions, merger, product launch, expansions. For instance, in February 2018, AkzoNobel Specialty Chemicals and Evonik Industries have successfully started production at their new joint venture to produce chlorine and potassium hydroxide at the Akzo Nobel Ibbenbüren site in Germany. The facility uses advanced membrane electrolysis technology to produce up to 120,000 metric tons of potassium hydroxide and 75,000 metric tons of chlorine per year. The plant will strengthen the respective positions of both companies.
Indian Chlor Alkali Market – Segmented
By product
• Chlorine
• Caustic Soda
• Soda Ash
By application
• Paper & Pulp
• Water Treatment
• Organic Chemicals
• Inorganic Chemicals
• Alumina
• Textiles
• Others
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