Press release
Chlor-alkali Market Key Driver and Regional Segments by 2030
Albany, NY - Unlike other markets, COVID-19 (coronavirus) is anticipated to bring positive news for companies operating in the chlor-alkali market. This is due to an unprecedented demand for disinfectant chemicals and spray bottles that help to sanitize surfaces and objects and help to break the chain of the infection. India is one of the key producers of alkali chemicals such as chlorine, bleaching solutions, and sodium hypochlorite that are extensively used in disinfection solutions. As per the guidelines issued by the Alkali Manufacturers Association of India (AMAI), companies in the chlor-alkali market are increasing awareness about the cautious measures that individuals must follow to avoid any harmful reactions on the skin. Manufacturers are recommending dilution of disinfection chemicals before using them for sanitization of surfaces and objects that are contaminated or infected.Read Report - https://www.transparencymarketresearch.com/chlor-alkali-market.html
In terms of value, the global chlor-alkali market is anticipated to expand at a CAGR of 4% from 2020 to 2030 and cross value of US$ 100 Bn by 2030. In terms of demand, Asia Pacific led the global chlor-alkali market in 2019. This trend is expected to continue between 2020 and 2030. Rise in demand for chlor-alkali products in various applications such as building & construction, healthcare, aluminum processing, pulp & paper, and chemical processing is estimated to propel the global chlor-alkali market during the forecast period.
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Increasing Onus on Custom Made Packaging Solutions is a Key Market Driver
Based on application, the PVC segment accounted for key share of the global chlor-alkali market in 2019. It is is estimated to remain the dominant segment of the global chlor-alkali market during the forecast period. Increase in usage of pipes & fittings, profiles, and wire & cables– these are primarily made of PVC– is a prominent factor projected to propel the chlor-alkali market in the near future. Companies in the market for chlor-alkali are increasing their efficacy in tailor-made packaging solutions to meet sudden and urgent supply demands of clients. Such services help manufacturers to boost their credibility credentials, as customers need not suffer any losses in their production volume. As such, manufacturers are broadening their revenue streams in biodiesel and surfactants production.
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Asia Pacific to Remain Dominant among Regional Segments
In terms of value, Asia Pacific held prominent share of more than 60% of the global chlor-alkali market in 2019. Development of smart cities, particularly in India, and increasing urbanization and industrialization in Asia Pacific are projected to boost the demand for chlor-alkali in the region in the near future. Chlor-alkali is widely employed in manufacture of PVC and glass, which are primarily employed in building & construction activities for residential, commercial, and industrial applications. Together, China and India accounted for more than 70% share of the chlor-alkali market in Asia Pacific inn 2019.
Presence of large number end-user industries such as alumina manufacturing, PVC production, chemical processing, pulp & paper, textile, and glass manufacturing is a key factor that is anticipated to drive the demand for chlor-alkali in these countries during the forecast period. There is a growing demand for caustic soda with free flowing properties and possesses high resistance to abrasion. Hence, companies in the chlor-alkali market are making improvements in their production techniques to meet end user demands. For instance, Nouryon— a specialty chemicals supplier, manufactures caustic soda at its membrane electrolysis plant in Frankfurt to meet high quality standards of end users in Western Europe. Such innovations are contributing toward the exponential growth in revenue of caustic soda in the chlor-alkali market.
Global manufacturers of chlor-alkali have made substantial investments to expand their business over the last few years. Major manufacturers of chlor-alkali include Dow, Solvay, Tata Chemicals Ltd., INEOS, Occidental Petroleum Corporation, Kemira, Tosoh Corporation, and AGC Inc.
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