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.
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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.
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.
“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.
