The global chlor-alkali market size is expected to grow from $67.56 billion in 2021 to $73.61 billion in 2022 at a compound annual growth rate (CAGR) of 8.9%. The global chlor-alkali market size is expected to reach $92.07 billion in 2026 at a CAGR of 5.8%.
What is the Global Chlor-Alkali Market?
The chlor-alkali market consists of sales of chlor-alkali products by entities (organizations, sole traders, and partnerships) that refer to the method used to manufacture chlorine and sodium hydroxide (caustic soda), both of which are basic chemicals required by industry. Chlor-alkali is a group of chemicals such as chlorine, hydrogen, and sodium hydroxide that is produced by the electrolysis of saltwater. Chlorine is abundantly produced through this process and is an essential component in bleaching agents, solvents, construction materials, and insecticides.
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What drives the Global Chlor-Alkali Market?
The growth of the chemical industry across the globe is expected to propel the growth of the chlor-alkali market going forward. The chemical industry produces industrial chemicals and provides building blocks and raw materials for many industries such as textile, paint, paper, soap and detergent, pharmaceutical, and agriculture. Chlor-alkali is used in the chemical industry to generate chemicals through an industrial process, and the growth of the chemical industry will encourage the usage of chlor-alkali to produce chlorine, hydrogen, and sodium hydroxide. For instance, according to BASF SE, a Germany-based chemicals company, global chemical production increased 4.4% in 2021 from –0.4% growth in 2020. Therefore, the growth of the chemical industry across the globe is driving the growth of chloralkali market.
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Global Chlor-Alkali Market Segments
The global 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, Other Production Processes
By Application: Pulp And Paper, Organic Chemical, Inorganic Chemical, Soap And Detergent, Alumina, Textile, Other Applications
By Geography: The regions covered in the chlor-alkali market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Chlor-Alkali Global Market Report 2022provides market size and growth forecasts for the global chlor-alkali market, global chlor-alkali market share, chlor-alkali market segments and geographies, chlor-alkali market competitive landscape including leading competitors’ revenues, profiles and market shares. The chlor-alkali market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Chlor-Alkali Industry Playersinclude AGC Inc., Tosoh Corporation, Solvay SA, The Dow Chemical Company, Tata Chemicals Ltd., Olin Corporation, Westlake Chemical Corporation , Xinjiang Zhongtai Chemical Co. Ltd., Occidental Petroleum Corporation, Hanwha Group, INOVYN ChlorVinyls Limited, Wanhua-Borsodchem, Formosa Plastics Corporation, Tronox Holdings plc, Bayer AG, and Axiall Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
