openPR Logo
Press release

Chlor-Alkali Market worth $77.4 billion by 2026 | Key players Olin Corporation, Westlake Chemical Corporation, Tata Chemicals Limited, Solvay SA, Dow Inc.

05-09-2023 12:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

Chlor-Alkali Market, Chlor-Alkali, APAC Chlor-Alkali Market, Europe Chlor-Alkali Market

Chlor-Alkali Market, Chlor-Alkali, APAC Chlor-Alkali Market, Europe Chlor-Alkali Market

According to recent market research the "Chlor-Alkali Market by Type (Caustic Soda (Alumina, Chemicals, Textiles, Soaps & Detergents), Chlorine (EDC/PVC, Isocyanates, Propylene Oxide, C1/C2 Aromatics), Soda Ash (Glass, Water Treatment, Metallurgy, Pulp & Paper)), Region - Global Forecast to 2026", The global chlor-alkali market size is projected to grow from USD 63.2 billion in 2021 to USD 77.4 billion by 2026, at a CAGR of 4.1% from 2021 to 2026. The growth in demand for chlor-alkali in the APAC is expected to be driven by the vinyl chain (EDC/VCM/PVC). The demand for chlor-alkali in the APAC is driven by China, which accounts for a major share, globally. China is one of the fastest-growing countries, in terms of chlor-alkali consumption, due to its large chemical and petrochemical industries. India, with its emerging economy is expected to propel the demand for chlor-alkali products during the forecast period. The rising disposable income and focus on the domestic manufacturing industry is expected to increase the demand for chlor-alkali products.

Browse 646 market data Tables and 55 Figures spread through 416 Pages and in-depth TOC on "Chlor-Alkali Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/chlor-alkali-market-708.html

However, in Europe, the market for chlor-alkali products is projected to grow at a marginal rate during the forecast period. Countries in Europe follow stringent environmental regulations to control harmful industrial emissions. This is expected to lead to the closure of some capacities in the region. In North America, and particularly in the US, the growth in demand for chlorine is expected to be driven by the vinyl chain (EDC/VCM/PVC). New capacities are expected to be introduced as the demand from the vinyl industry is projected to increase due to the rising demand from the construction and residential housing sectors in the US. Environmental issues have led to the phasing out of certain applications of chlorine, including the cluster rules in the pulp & paper industry mandating chlorine-free bleaching.

Alumina occurs as aluminum oxide and is refined to produce aluminum. Due to the increasing demand for aluminum across the globe, especially from China, the demand for alumina is increasing steadily. Generally, caustic soda is used to produce alumina. Thus, the steady growth of the market is expected to, in turn, support the growth of the chlor-alkali market. APAC dominates the market, followed by North America and Europe. The demand for caustic soda is projected to be driven by the shifting base of industrial production to the APAC, the increasing population, and the rising demand for infrastructure.

PVC is utilized in the construction, electronics, healthcare, automotive, packaging, and other end-use industries. Its low cost and desirable physical & mechanical properties make it a suitable material was various applications. In 2019, the demand for PVC in Europe was approximately five million tons, which accounted for 10% of the overall production of plastic in Europe. Chlorine is utilized in production of EDC/PVC and growth in end-use industries for EDC/PVC expects to drive the demand for chlorine in Chlor-alkali market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=708

APAC accounted for the largest share of the Chlor-Alkali market in 2020, followed by Europe and North America. APAC recorded the largest demand for chlor-alkali in the past few years due to the growing investments in developing countries and manufacturing capacity additions across end-use industries, especially water treatment, and chemical processing. Increasing investments in infrastructure development projects, growing urbanization, rapid industrialization, improving the standard of living, and thriving automotive sector, as well as high economic growth, are the key factors for the regions overall growth.

The leading players in the Chlor-Alkali market are 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 others.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=708

Olin Corporation manufactures chemicals and ammunition. Its business is divided into three segments, Chlor Alkali Products and Vinyls, Epoxy (epoxy materials and precursors), and Winchester (arms and ammunition). Its Chlor Alkali Products include chlorine and caustic soda, methyl chloride, methylene chloride, ethylene dichloride & vinyl chloride monomer, chloroform, hydrochloric acid, simultaneously with 1-ton perchloroethylene, carbon tetrachloride, trichloroethylene, bleach products, hydrogen, and potassium hydroxide. The Chlor Alkali and Epoxy businesses were added to the company as a spin-off from The Dow Chemical Company in 2015. The company produces chlorine, caustic soda, and hydrogen through the electrolysis of salt, also known as Electrochemical Unit (ECU). These products are produced simultaneously in the proportion of 1 ton of chlorine to 1.1 tons of caustic soda and 0.03 tons of hydrogen. The company offers these chlor-alkali products for polyvinylchloride (PVC), water treatment, alumina, pulp & paper, detergents & soaps, and other applications. It has seven production facilities for chlorine and caustic soda in the US and Canada. It has a strong presence in North America and offers its products across Europe, the Asia Pacific, and Latin America.

Westlake Chemical Corporation is a global manufacturer and supplier of petrochemicals, vinyls, polymers, basic chemicals, and building products. The company operates its business through two segments: Vinyls and Olefins. The Olefins segment includes petrochemical products, and ethylene and styrene monomers. The Vinyls segment includes polyvinyl chloride (PVC), vinyl chloride monomers (VCM), ethylene dichloride (EDC), chlor-alkali (chlorine and caustic soda), chlorinated derivative products, and other related products. The company offers products for the packaging, healthcare, automotive, consumer goods, and other sectors. It has an overall production capacity of 22.1 million tons/ year (44.3 billion lbs/yr). It has manufacturing facilities for chlor-alkali products in the US and Germany. The chlorine is utilized to produce vinyl chloride monomers (VCM), chlorinated derivative products, and supplied to industries. Caustic soda is utilized to produce alumina, pulp & paper, organic & inorganic chemicals, and others. The company has business operations in North America, Europe, and the APAC.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/chlor-alkali.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/chlor-alkali-market.asp

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Chlor-Alkali Market worth $77.4 billion by 2026 | Key players Olin Corporation, Westlake Chemical Corporation, Tata Chemicals Limited, Solvay SA, Dow Inc. here

News-ID: 3046301 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for Chlor

Chlor-Alkali Market: A Comprehensive Overview
The Chlor-Alkali Market was valued at approximately USD 60 billion in 2023 and is anticipated to reach around USD 95 billion by 2033, growing at a compound annual growth rate (CAGR) of about 4.5% from 2024 to 2033. Chlor-Alkali Market Overview The Chlor-Alkali Market is steadily growing due to its essential role in producing chemicals like chlorine, caustic soda, and hydrogen, which are widely used in industries such as paper, textiles, water
How to Setup a Chlor-Alkali Manufacturing Plant
Setting up a chlor-alkali manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations. IMARC Group's report titled "Chlor-Alkali Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a chlor-alkali manufacturing plant, covering
Chlor-alkali Equipment Market Size 2024 to 2031.
Market Overview and Report Coverage The Chlor-alkali Equipment Market refers to the market for equipment used in the chlor-alkali industry, which is responsible for producing chlorine and caustic soda using an electrolytic process. The market includes equipment such as electrolyzers, membranes, pumps, valves, and other components essential for the production of chlor-alkali products. The future outlook for the Chlor-alkali Equipment Market is positive, with a projected growth rate of 2.40%
Chlor-Alkali Market: Chemical Dynamics and Commercial Insights
The Worldwide "Chlor-Alkali Market" 2023 Research Report presents a professional and complete analysis of the Global Chlor-Alkali Market in the current situation. This report includes development plans and policies along with Chlor-Alkali manufacturing processes and price structures. the reports 2023 research report offers an analytical view of the industry by studying different factors like Chlor-Alkali Market growth, consumption volume, Size, revenue, share, trends, and Chlor-Alkali industry cost structures during the
Chlor-alkali Market Analysis, Research Study 2030 | Dow, Solvay
The global Chlor-alkali market is estimated to attain a valuation of US$ 100 Billion by the end of 2030, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4% during the forecast period, 2020 - 2030. The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders
Chlor-Alkali Equipment Market are Showing Strong Growth Dynamics
The Latest published a market study on Worldwide Chlor-Alkali Equipment Market provides an overview of the current market dynamics in the Chlor-Alkali Equipment space, as well as what our survey respondents all outsourcing decision-makers predict the market will look like in 2029. The study breaks the market by revenue and volume (wherever applicable) and price history to estimate the size and trend analysis and identify gaps and opportunities. Some of