Chlor-Alkali Market Size And Share 2023 Upcoming Trends, Development Status And In-Depth Analysis Research Report By 2029

Market Overview:
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%.

The term "chlor-Alkali" refers to the simultaneous production of chlorine and alkali through the electrolysis of salt water. Chlorine and caustic soda (sodium hydroxide), as well as potassium hydroxide and muriatic acid, are the most common chlor-Alkali chemicals. The diaphragm cell process, the membrane cell process, and the mercury cell process are the three electrolytic processes utilized in the production of chlorine and caustic soda. Chlorine and sodium hydroxide are produced together in the mercury cell process by electrolyzing seawater (sodium salt water or brine) in a mercury cell.

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Market Dynamics:
Driver:
The utilization in the water treatment industry is driving the Chlor Alkali Market. The growing need for water treatment plants to be integrated or mixed into the chemical industry as a result of global environmental regulations. Vendors in the market for water treatment chemicals have access to lucrative opportunities in the water treatment sector. In situations where the pH of the water is low, chlor-alkali is typically used to neutralize the water. Chlor-alkali, like sodium hydroxide, raises the pH of the water and neutralizes it without making it hard.

Opportunities:
Increasing PVC Trade Value Offers Potential Opportunity
The (PVC) Poly Vinyl Chloride market is prospering attributable to its various utilizations in the creation of PVC stabilizers, PVC tars, and PVC pipe. PVC, which is the market value of vinyl chloride polymers, is produced using chlor-alkali. In addition, the production of PVC requires about 35% of the chlorine produced in Europe. EDC (ethylene dichloride or 1,2-dichloroethane) is currently produced by combining the chemical ethylene with chlorine to produce the majority of the world's PVC production. EDC is used to make vinyl chloride monomer and therefore used to produce polyvinyl chloride

Key Chapter Will Be Provided In The Report
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
• SWOT Analysis

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Key Vendors in 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.

Market Segmentation
By Type
• Caustic Soda
• Chlorine
• Soda Ash
• Others

By End Users
• Soaps & Detergents
• Paper & Pulp
• Organic Chemical
• Water Treatment
• Others

By Distribution Channels
• Direct Sales
• Specialty Stores
• Warehouses
• Online
• Others

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Regional Analysis of Chlor-Alkali Market:
Asia Pacific region is expected to dominate the chlor-alkali market during the forecast period. Growing demand from various applications, and rising government spending. Several industries are targeting these developing markets and rising their footprints by setting up production facilities, research & development centers, and distribution centers. The APAC chlor-alkali market is anticipated to see an increasing demand from the chemical, PVC, glass, metallurgy, and soap & detergents, water treatment, among other sectors. Chlor-Alkali producers in the APAC region such as Tata Chemicals Limited (India), Nirma Limited (India), Xinjiang Zhongtai Chemical Co. Ltd. (China), and others help to the growth of the Chlor-Alkali market. In addition, the Chinese textile industry is the highest globally in terms of production and exports.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Key Industry Developments In The Chlor-Alkali Market
In January 2021, INOVYN was selected by Koyuncu Group to provide chlor-alkali technology as part of a EUR 16million investment at the latest production unit in Konya province, Turkey. INOVYN will support state-of-the-art BICHLOR™ bipolar electrolyzers for a new facility that will manufacture sodium hypochlorite, chlorine, caustic soda, and hydrochloric acid. The new facility will have an annual production capacity of 50,000 tons, and it is projected to start production in 2022.

In July 2021, Olin Corporation agreed with ASHTA Chemicals, Inc. (US) to purchase and sell chlorine which is manufactured at ASHTA's Ohio facility in the US.

Key Benefits for Industry Participants & Stakeholders:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Chlor-Alkali Market

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