Press release
Chlor-Alkali Market Size To Reach US$ 89.6 Billion by 2028 | IMARC Group
How big is the chlor-alkali market?
The global chlor-alkali market size reached US$ 66.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 89.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
What are chlor-alkali?
Chlor-alkali is an industrial procedure, which is utilized for manufacturing chlorine (Cl), hydrogen (H2), and sodium hydroxide (NaOH) through the electrolysis of sodium chloride (NaCl) solution. It is extensively deployed in the chemical sector for the production of caustic soda, bleaching powder and sodium hypochlorite (NaCIO). At present, chlor-alkali is differentiated into three electrolytic procedures for manufacturing chlorine, such as the diaphragm, mercury, and the membrane cell process.
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What are the growth prospects and trends in the chlor-alkali industry?
The extensive utilization of chlor-alkali for manufacturing various products, such as paper bleaching, paints, industrial solvents, fertilizers, PVC plastics, and dyes, is one of the key factors driving the chlor-alkali market. Moreover, due to growing environmental consciousness, the member cell technology is increasingly being utilized to produce chlorine in a sustainable manner, which, in turn, is facilitating the market growth. Other than this, the increasing demand for chlorine, soda ash and caustic soda in the industrial sector is creating a positive outlook for the market across the globe.
Who are the key players operating in the industry?
The report covers the major market players including:
AGC Inc.
Akzo Nobel N.V.
Covestro AG
Formosa Plastics Corporation
INOVYN Chlorvinyls Limited (INEOS AG)
Kemira Oyj
Occidental Petroleum Corporation
Olin Corporation
PCC SE
Tosoh Corporation
Vynova Group
The International Chemical Investors Group
Westlake Chemical Corporation
TTWF LP
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
Caustic Soda
Chlorine
Soda Ash
Others
Breakup by Production Process:
Membrane Cell
Diaphragm Cell
Others
Breakup by Application:
Pulp and Paper
Organic Chemical
Inorganic Chemical
Soap and Detergent
Alumina
Textile
Others
Breakup by Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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