Chlor-Alkali Market Size To Reach US$ 89.6 Billion by 2028 | IMARC Group

IMARC Group, a leading market research company, has recently releases report titled "Chlor-Alkali Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global chlor-alkali market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

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.

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