Chlor-Alkali Market Share,Size, Growth Prospects To 2022:Grand View Research, Inc.

Chlor-Alkali Market – Global Industry Growth, Analysis, Size, Share, Forecast, Outlook, Segmentation, Production Capacity, Competitive Strategies, Regional Outlook from 2015 to 2022

Global chlor-alkali market is expected to witness high growth rate over the forecast period on account of increasing chemicals demand mainly for chlorine, caustic soda, other sodium & chlorine based products and derivatives such as bleaching powder, chlorinated paraffin, hydrogen gas, hydrochloric acid and sodium hypochlorite production. Key chlor-alkali market products include soda ash (sodium carbonate), chlorine gas and caustic soda (sodium hydroxide). Various chlor-alkali end use industries include food processing, paper, plastic and construction. Rise in chlor-alkali demand from different processing sector such as food pulp production and water treatment are expected to propel global chlor-alkali market over the forecast period. Increase in derivative product demand such as hydrogen gas used for edible oils hydrogenation and soaps & petroleum product production are expected to further drive the global chlor-alkali market over the forecast period. Carbon emission levels coupled with high mercury amount as residue are expected to obstruct global chlor-alkali market over the forecast period owing to adverse environment effects.

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Global chlor-alkali market is segmented on the basis of products. Product segment includes several chemical products such as chlorine, caustic soda and soda ash. Every product is further categorized on the basis of their application such as chlorine sub segment includes water treatment, aromatics, inorganic chemicals and pulp and paper. Caustic soda sub segment comprises of steel/ metallurgy, soaps and detergents and alumina. Soda ash sub segment includes water treatment, glass, chemicals and soaps.

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Asia Pacific was dominating global chlor-alkali market and is expected to continue this trend owing to growth and development of end use industries such as manufacturing and construction over the forecast period. Owing to stringent government regulations, chlor-alkali market is expected to witness a stagnant growth in North America region. Increasing demand from food pulp and paper industries is expected to augment Europe chlor-alkali market over the forecast period.

Global chlor-alkali market players includes Solvay SA, Bayer Material Sciences AG, Tosoh Corporation, Dow Chemical Company, PPG Industries, AkzoNobel NV, Tata Chemicals Ltd., Nirma Limited, Ineos Group Limited, Occidental Petroleum Corporation, Formosa Plastics Corporation, Xinjiang Zhongtai Chemical Company limited, Olin Corporation and FMC Corporation. In order to increase their market volume, companies are expected to conduct research and development activities so as to reduce the hazardous impact from mercury during processing.

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