Chlor-Alkali Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2031

Chlor alkali market is anticipated to grow at a CAGR of 8.9% during the forecast period (2024-2031). The market growth is driven by end-user industries such as chemical processing, water treatment, pharmaceutical, paper & pulp, and others. Rapid industrialization and infrastructural development activities across emerging economies are expected to drive the demand, contributing significantly towards market growth. However, the market growth is restrained by the toxic nature of chlorine, which contributes to the harmful environmental impact of chlor alkali.

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The chlorine segment of the market is anticipated to grow at the fastest rate during the forecast period. The segmental growth is attributed to the rising demand from various end-user industries such as insecticides, pharmaceuticals, textiles, aromatics, and others. Additionally, the increasing demand for polyvinyl chloride in the construction industry is further expected to enhance the segmental growth of the chlor alkali market.

Asia-Pacific is estimated to hold a prominent share in the global chlor alkali market with China being the key contributor with the presence of emerging countries such as India, Japan, and others in the region. The regional market growth is highly driven by rapid industrialization, easy availability of low-cost labor, and huge manufacturing of chlor alkali.

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Recent Development

· In February 2024, NEOS Inovyn announced a new Ultra Low Carbon range (ULC) of chlor alkali products that reduce the carbon footprint of caustic soda, caustic potash, and chlorine by up to 70.0% compared to industry averages.

Competitive Landscape: Occidental Petroleum Corp., Olin Corp., Solvay S.A., Tosoh Corp., and Westlake Chemical Corp. among others.

Key questions addressed by the report

· What is the market's growth rate?

· Which segment and region dominate the market in the base year?

· Which segment and region will project the fastest growth in the market?

· Who is the leader in the market?

· How are players addressing challenges to sustain growth?

· Where is the investment opportunity?

Global Chlor Alkali Market Report Segment

By Application

· Paper & Pulp

· Gas

· Chemicals

· Textile

· Others (Water Treatment, Food Processing, Glass Manufacture)

By Product

· Chlorine

· Caustic Soda

· Soda Ash

The Report Covers

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global chlor-alkali market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.
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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
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About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.