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Chlor-Alkali Market 2023 - By Industry Trends, By Region, Opportunities & Forecast To 2032
Chlor-Alkali Market
The Business Research Company's Chlor-Alkali Global Market Report 2023 identifies growth of the chemical industry across the globe as the major driver for the Chlor-Alkali market's growth in the forecast period. The chemical industry produces industrial chemicals and provides building blocks and raw materials for many industries, such as textiles, paint, paper, soap and detergent, pharmaceuticals, and agriculture.
The global chlor-alkali market size grew from $74.34 billion in 2022 to $80.35 billion in 2023, at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the chlor-alkali is expected to grow to $103.13 billion in 2027 at a CAGR of 6.4%.
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Major competitors in the Chlor-Alkali market are AGC Inc., Tosoh Corporation, Solvay SA, The Dow Chemical Company, Tata Chemicals Ltd., Olin Corporation, Westlake Chemical Corporation.
A key trend in the Chlor-Alkali market includes strategic partnerships. This is owing to the presence of a large number of chlor-alkali firms operating in the industry and their desire to expand their market leadership. For instance, in June 2021, Abu Dhabi National Oil Company (ADNOC), a UAE-based oil company, and Reliance Industries Limited, an India-based integrated company across materials, entertainment, energy, retail, and digital services, formed a strategic partnership to join a new world-scale ethylene dichloride, chlor-alkali, and polyvinyl chloride production facility in Abu Dhabi. This partnership aims to leverage the strengths of both companies as global industrial leaders. Also, in October 2020, Grasim Industries Limited, an India-based manufacturing company, and Lubrizol, a US-based chemicals company, formed a partnership to manufacture chlorinated polyvinyl chloride (CPVC) resins in India.
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The Chlor-Alkali market is segmented -
• By Product: Chlorine-Based Chlor Alkali, Caustic Soda-Based Chlor Alkali, Soda Ash-Based Chlor Alkali, Other Products
• By Production Process: Membrane Cell, Diaphragm Cell, and Other Production Processes
• By Application: Pulp and Paper; Organic Chemical; Inorganic Chemical; Soap and Detergent; Alumina; Textile; Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Chlor-Alkali market.
The Business Research Company's "Global Chlor-Alkali Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Chlor-Alkali Market Include:
1. Executive Summary
2. Chlor-Alkali Market Characteristics
3. Chlor-Alkali Market Trends And Strategies
4. Chlor-Alkali Market - Macro Economic Scenario
4.1 COVID-19 Impact On Chlor-Alkali Market
5. Chlor-Alkali Market Size And Growth
……………………………………………………………….
26. Africa Chlor-Alkali Market
27. Chlor-Alkali Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Chlor-Alkali Market
29. Chlor-Alkali Market Future Outlook and Potential Analysis
30. Appendix
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