Chlor-Alkali Market Forecast and Analysis

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Chlor-Alkali Market Analysis by Region North
America, Europe, Asia Pacific, and Rest of the
World The Chlor-Alkali market is expected to
experience significant growth by 2023, driven by
the increasing demand for green construction.
Chlor-Alkali is a group of chemicals that
includes chlorine, sodium hydroxide, and
hydrogen gas, which are widely used in the
manufacturing of a variety of products,
including construction materials, plastics, and
textiles. The global Chlor-Alkali market size is
estimated to be USD 63.2 billion in 2021 and is
projected to reach USD 77.4 billion by 2026, at a
CAGR of 4.1 between 2021 and 2026. The demand
for green construction has been growing rapidly
in recent years, as more consumers and companies
are prioritizing sustainability in their building
practices. Chlor- Alkali chemicals are used in
the production of several green building
materials, including PVC-free flooring, low-VOC
paints, and insulation materials made from
recycled materials. The increasing adoption of
renewable energy sources, such as solar and wind
power, is driving the demand for Chlor-Alkali
chemicals, which are used in the production of
photovoltaic cells and wind turbine
blades. Download PDF Brochure
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sp?id708 Chlor-Alkali Market Key Players The
leading players in the market are Olin
Corporation(US), Westlake Chemical Corporation
(US), Tata Chemicals Limited (India), Occidental
Petroleum Corporation (US), Formosa Plastics
Corporation (Taiwan), Solvay SA (Belgium), Tosoh
Corporation (Japan), Hanwha Solutions
Corporation (South Korea), Nirma Limited (India),
AGC, Inc. (Japan), Dow Inc. (US), Xinjiang
Zhongtai Chemical Co. Ltd. (China), INOVYN (UK),
Ciner Resources Corporation (US),
Wanhua-Borsodchem (Hungary), and others.
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The chlor-alkali market has witnessed significant
growth in recent years, driven by the increasing
demand for caustic soda in various industries
such as chemicals, textiles, pulp and paper, and
water treatment, among others. One of the key
factors that have boosted the growth of the
chlor-alkali market is the development of
individual packaging solutions for caustic
soda.Caustic soda, also known as sodium
hydroxide, is a highly corrosive and hazardous
chemical. It is typically transported and stored
in bulk containers such as tankers, drums, and
intermediate bulk containers (IBCs).
"By application, EDC/PVC accounts for the largest
share of Chlorine in the Chlor- Alkali
market" EDC/PVC (ethylene dichloride/polyvinyl
chloride) production is one of the largest
applications for chlorine in the chlor-alkali
market, accounting for a significant share of
global chlorine demand. EDC is produced by
reacting ethylene with chlorine in the presence
of a catalyst, and it is a key intermediate
chemical used in the production of PVC, which is
widely used in construction, packaging, and
other applications. PVC is produced by
polymerizing vinyl chloride monomer (VCM), which
is derived from the chlorination of
ethylene. The EDC/PVC industry is a major
consumer of chlorine, accounting for over 50 of
the global chlorine demand. Other important
applications of chlorine in the chlor-alkali
market include organic chemicals production,
inorganic chemicals production, and water
treatment, among others. "By application, Glass
account for the largest share for Soda Ash in the
Chlor-Alkali market" Glass manufacturing is one
of the largest applications for soda ash (sodium
carbonate) in the chlor-alkali market,
accounting for a significant share of the global
soda ash demand. Soda ash is an essential raw
material in the production of glass, as it is
used to lower the melting point of silica and
other glass-forming materials. This makes it
easier to melt and shape the glass, and also
helps to improve its chemical stability and
durability.
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In the glass industry, soda ash is typically used
in the form of a finely ground powder, which is
mixed with silica sand, limestone, and other
materials to form a glass batch. The batch is
then melted in a furnace at high temperatures to
form molten glass, which can be shaped and
processed into a wide range of glass
products. The glass industry is a major consumer
of soda ash, accounting for over 50 of the
global soda ash demand. Other important
applications of soda ash in the chlor-alkali
market include detergent manufacturing, pulp and
paper production, and chemical manufacturing,
among others. Get Sample Copy of this Report
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.asp?id708 "APAC accounted for the largest
share in the global Chlor-Alkali market" APAC
accounted for the largest share of the
Chlor-Alkali market in 2020, followed by Europe
and North America. APAC recorded the largest
demand for chlor-alkali in the past few years
due to the growing investments in developing
countries and manufacturing capacity additions
across end-use industries, especially water
treatment, and chemical processing. Increasing
investments in infrastructure development
projects, growing urbanization, rapid
industrialization, improving the standard of
living, and thriving automotive sector, as well
as high economic growth, are the key factors for
the regions overall growth.
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