According to the recent study the chlor-alkali market is projected to reach an estimated $81 billion by 2028 from $66.1 billion in 2023, at a CAGR of 4.1% from 2023 to 2028. Growth in this market is primarily driven by growing demand for chlor-alkali to reduce water pollution and scarcity and extensive use of this substance to develop polyvinyl chloride (PVC), which is widely utilized in the construction industry.
A more than 150–page
report is developed to understand trends, opportunities and forecast in
chlor-alkali market by product type (chlorine, caustic soda, soda ash, and
others), application (aluminum processing, EDC/PVC, chemical processing,
dyestuff, glass manufacturing, food processing, pulp & paper, water
treatment, soaps & detergents, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
“Chlorine market is expected to remain the largest segment during
the forecast period.”
Based on product type,
the chlor-alkali market is segmented into chlorine, caustic soda, soda ash, and
others. Lucintel forecasts that the chlorine market is expected to remain the
largest segment due to the huge application of chlorine in various end use
industries like chemical and healthcare, and increasing use of this product in
the production of bleached paper goods, polymers like PVC and solvents.
“Within the chlor-alkali market, the chemical processing segment
is expected to remain the largest application.”
Based on application the
chemical processing segment is expected to witness the highest growth over the
forecast period due to the extensive use of chlor-alkali in the production of
various chemical products, such as solvents, bleach, and various organic and
inorganic chemicals.
“Asia pacific will dominate the chlor-alkali market in near future.”
APAC will remain the
largest region due to rapid growth in the chemical industry and increasing
number of new industrial plants being constructed in the region.
Major players of
chlor-alkali market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations
to expand their presence in this market. Olin, Tata Chemicals, Tosoh,
Occidental Petroleum, and Xinjiang Zhongtai Chemical are among the major
chlor-alkali providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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