Chlor-Alkali Chemical Market Size is projected to reach USD 93 Billion by 2030, growing at a CAGR of 4.3%: Straits Research

New York, United States, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Chlor-alkali chemicals such as chlorine, caustic soda, hydrogen, and soda ash have myriad industrial uses. Their application in water treatment, paper and pulp, manufacturing of soap and detergent is anticipated to provide impetus to the market growth.

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Chlor-Alkali Chemical Market Dynamics

Emerging economies have been focussing on providing better opportunities for their citizens. This has led them to formulate policies to increase foreign investments. Countries such as India, Malaysia, Thailand, Brazil, and Argentina have applied a liberal and capital intensive approach to bolster the country’s economy. Increasing urban middle-class population and rising sales of consumer goods such as glass products, textiles, and soaps and detergents drive the market growth.

Increasing demand for organic and inorganic chemicals such as carbon black, potassium chlorate, and titanium dioxide across industry verticals is anticipated to boost the chlor alkali chemicals market growth. Additionally, the adoption of environmentally sustainable manufacturing practices drives market growth. However, high energy demand for the manufacturing of chlor alkali chemicals hampers the market growth. Low energy costs and decreasing prices of shale gas will result in capacity expansion in North America. Asia-Pacific will witness the highest growth owing to the increasing demand for caustic soda and chlorine.

Report Scope

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Impact of COVID-19

The coronavirus pandemic (COVID-19) has resulted in considerable disruption in the global supply chain. Chinese manufacturing facilities have drastically reduced their production owing to the lockdown imposed on Wuhan and Hubei provinces. China had a dominant share in the global chemical industry value chain. The origin of the virus will certainly result in demand for higher supply chain transparency affecting the chlor alkali market. Similarly, Japan, South Korea, and India are channelizing efforts to enhance their existing manufacturing capacities to sustain amidst the pandemic.

Key Highlights

• In 2021, the market for chlor-alkali chemicals was estimated to be worth USD 63 billion. It is anticipated to increase at a CAGR of 4.3% during the forecast period, reaching USD 93 billion by 2030. 
• The Caustic Soda, Chlorine, and Soda Ash product categories make up the global chlor-alkali chemical market.
• The global chlor-alkali chemical market is divided into Membrane Cells, Diaphragm Cells, and Others based on the production process.
• Pulp & Paper, Organic Chemical, Inorganic Chemical, Soap & Detergent, Alumina, Textile, and Others make up the worldwide chlor-alkali chemical market by application.
• The region with the largest market share is Asia-Pacific, which is projected to expand at a CAGR of 3.9% over the forecast period.

Competitive Players in the Global Chlor-Alkali Chemical Market 

• Olin Corporation, Solvay S.A.
• Occidental Petroleum Corporation
• Tata Chemicals Limited
• AkzoNobel N.V.
• Axiall Corporation
• Hanwha Chemical Corporation
• Formosa Plastic Corporation
• Tosoh Corporation
• Xinjiang Zhongtai Chemical Co. Ltd.
• Tronox Limited
• Reliance Industries Limited
• Aditya Birla Group
• DCW Ltd.
• Kanoria Chemicals
• Dow Chemicals
• Bayer Material Sciences AG

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Chlor-Alkali Chemical Market: Segmentation

By Manufacturing Process

• Diaphragm cell process
• Mercury cell process
• Membrane cell process

By Product

• Chlorine
• Sodium hydroxide
• Soda ash
• Hydrogen

By Application

• Paper and pulp
• Water treatment
• Soaps and detergent
• Glass
• Textile
• Intermediate chemical

By Region

• North America
• Europe
• Asia-Pacific
• The Middle East and Africa
• Central and South America and the Caribbean

TABLE OF CONTENT

1. Introduction
   1. Market Definition
   2. Market Scope
2. Research Methodology
   1. Primary Research
   2. Research Methodology
   3. Assumptions & Exclusions
   4. Secondary Data Sources
3. Market Overview
   1. Report Segmentation & Scope
   2. Value Chain Analysis: Chlor-Alkali Chemical Market
   3. Key Market Trends
      1. Drivers
      2. Restraints
      3. Opportunities
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
   5. Market Share Analysis
4. Product Overview
   1. Introduction
      1. Market Size & Forecast
   2. Caustic Soda
      1. Market Size & Forecast
   3. Chlorine
      1. Market Size & Forecast
5. Production Process Overview
   1. Introduction
      1. Market Size & Forecast
   2. Membrane Cell
      1. Market Size & Forecast
   3. Diaphragm Cell
      1. Market Size & Forecast
6. Regional Overview
   1. Introduction
      1. Market Size & Forecast
   2. America
      1. North America
      2. U.S.
         1. By Product
         2. By Production Process
      3. Canada
         1. By Product
         2. By Production Process
      4. Mexico
         1. By Product
         2. By Production Process
      5. Latin America
         1. By Product
         2. By Production Process
   3. Europe
      1. Market Size & Forecast
      2. Germany
         1. By Product
         2. By Production Process
      3. France
         1. By Product
         2. By Production Process
      4. U.K.
         1. By Product
         2. By Production Process
      5. Italy
         1. By Product
         2. By Production Process
      6. Spain
         1. By Product
         2. By Production Process
      7. Rest of Europe
         1. By Product
         2. By Production Process
   4. Asia Pacific
      1. Market Size & Forecast
      2. Japan
         1. By Product
         2. By Production Process
      3. China
         1. By Product
         2. By Production Process
      4. Australia
         1. By Product
         2. By Production Process
      5. India
         1. By Product
         2. By Production Process
      6. South Korea
         1. By Product
         2. By Production Process
      7. Rest of Asia-Pacific
         1. By Product
         2. By Production Process
   5. Middle East & Africa
      1. Market Size & Forecast
      2. Saudi Arabia
         1. By Product
         2. By Production Process
      3. South Africa
         1. By Product
         2. By Production Process
      4. Kuwait
         1. By Product
         2. By Production Process
      5. Rest of Middle East & Africa
         1. By Product
         2. By Production Process
7. Company Profile
   1. BorsodChem
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
   2. Ciner Resources Corporation
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
   3. Covestro AG
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
8. Conclusion & Recommendation
9. Acronyms & Abbreviations

Table of Content and Figure @ https://straitsresearch.com/report/chlor-alkali-chemical-market/toc

Recent Developments

July 2022 - Materials manufacturer Covestro broke ground on two new plants in Shanghai to meet the rising demand for polyurethane dispersions (PUDs) and elastomers. These new facilities, which represent a combined investment of a double-digit million euro amount, will be located within the Covestro Integrated Site Shanghai.

June 2022 - Pearl Polyurethane Systems, the leading polyurethane (PU) systems house in the Middle East and Africa, received climate-neutral1 MDI (methylene diphenyl diisocyanate) from Covestro. It is climate-neutral from cradle to the factory gate1 of Covestro, owing to alternative raw materials – based on plant waste – that are allocated to the products using certified mass balancing according to ISCC PLUS.

News Media

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Have a Look at the Related Research Report

 Soda Ash Market: Information by Grade, Manufacturing Process (Solvay Process, Hou Process, Trona Process), End-Use (Synthetic Detergents and Fertilizers), and Region — Forecast till 2029

Float Glass Market: Information by Raw Material (Sand, Limestone, Soda Ash and Dolomite), Type (Clear, Tinted, Patterned, and Wired), Application (Automotive), and Region — Forecast till 2030

Caustic Soda Market: Information by Type (White Flakes, White Solid Blocks), Application, Manufacturing Process (Diaphragm Cell, Membrane Cell), Concentration, and Region —Forecast till 2029

Chlorine Market: Information by Application, End-User (Government, Pharmaceutical, Chemicals, Paper and Pulp, Plastic, Pesticides, Other), and Region — Forecast till 2029

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