USD 63.2 billion
Chlor-Alkali Market Size, Share, Growth Analysis, By Product(Caustic soda, Soda ash, Chlorine), By Process(Mercury Cell Process, Diaphragm Cell Process, Membrane Cell Process), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2308 |
Region:
Global |
Published Date: February, 2024
Pages:
238
|Tables:
63
|Figures:
75
Chlor-Alkali Market Insights
Chlor-Alkali Market size was valued at USD 63.2 billion in 2019 and is poised to grow from USD 65.79 billion in 2023 to USD 94.45 billion by 2031, growing at a CAGR of 4.1% in the forecast period (2024-2031).
Over the projected period, it is anticipated that the global chlor alkali market would expand. Chlor-alkali refers to the scientific processes used to produce caustic soda, bleaching powder, sodium hypochlorite, hydrogen gas, chlorinated paraffin, and other sodium and chlorine-based derivatives and products. The process involves electrolyzing sodium chloride solution (brine solution), which ensures the production of the aforementioned products. The main goods produced by the chlor alkali industry are soda ash, chlorine gas, and caustic soda.
Rising demand from the building and vehicle industries, as well as increased use in the pulp, food, and paper industries, are some of the main causes. Manufacturers are setting up facilities to produce related items efficiently as chlorine manufacturing technology continues to advance and industrialise. To minimise environmental damage, almost all companies worldwide are refocusing their efforts on creating chlor alkali compounds using membrane cell technology. Over the projected period, significant investments are predicted to be made in the global alumina business, which is currently booming.
Since caustic soda is a primary raw material in the process of refining alumina, growth in the alumina market is anticipated to drive caustic soda demand throughout the projected period, hence benefiting the chlor-alkali chemical sector in the long run. The procedure's influence on the environment is the industry's first difficulty. Emissions of mercury and carbon have raised concerns. However, because of how energy-intensive the technique is, the increased energy consumption is anticipated to limit the expansion.
The initial division of the chlor alkali market is done according to the products caustic soda and soda ash. The functionality of the product is another segmentation factor. For soda ash, polyvinyl chloride, which also contains organic compounds, serves as chlorine's main use. The glass industry is its primary market, whereas Caustic soda mostly serves the inorganic, organic, and paper industries.
US Chlor-Alkali Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Chlorine
Fastest Growth
Chlorine
Growth Rate
4.1% CAGR
Global Chlor-Alkali Market 2022-2028 ($ Bn)
Country Share for Asia-Pacific Region- 2021 (%)
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Chlor-Alkali Market Segmental Analysis
The global Chlor-Alkali market segmentation is based on product, process, and region. Based on product the Chlor-Alkali Market is segmented into caustic soda, soda ash, and chlorine. Based on process the Chlor-Alkali Market is segmented into mercury cell process, diaphragm cell process, and membrane cell process. Based on Region the global Chlor-Alkali market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Chlor-Alkali Market Analysis by Product
In 2021, the chlorine segment held the largest chlor-alkali market share. There are numerous industrial applications for chlorine, along with the manufacture of polymers like PVC, solvents like tetrachloromethane, chloroform, and dichloromethane, as well as bulk materials like bleach paper goods. In addition, it is utilized in the production of paints, textile colors, antiseptics, and pharmaceuticals. Clinical uses of chlorine in medical institutions also include decontaminating medical waste before disposal, disinfecting apparatus, cleaning environmental surfaces, decontaminating local blood spills, disinfecting clothes, and hyper chlorinating drinking water. Additionally, it is expected that the pandemic would cause an excessive increase in the supply of chlorine in water treatment in the generations to follow.
Chlor-Alkali Market Analysis by Process
In 2021, membrane cell processes segment represents a sizable portion of the market owing to its eco-friendly properties. The method is widely applied in the construction of new plants and is common since it uses less energy during production. In comparison to the 2,400–2,700 kW per metric tonne needed for chlorine synthesis, the membrane cell method uses roughly 2,250–2,500 kW per metric tonne of energy. Additionally, this type of production unit requires a relatively low initial expenditure to set up. Brine and membrane cells are used in the membrane cell process to produce chlor alkali using charged electrodes.
Global Chlor-Alkali Market By Product, 2021 (%)
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Chlor-Alkali Market Regional Insights
In 2021, Asia-Pacific held the largest share of the global Chlor-Alkali market, and throughout the projected period, it is predicted that the Asia Pacific will continue to hold a prominent position. Construction operations for domestic, industrial, and commercial uses have increased dramatically as a result of the rapid industrial development and urbanization that have taken place in several countries, including China and India. As a result, there has been a noticeable increase in the usage of PVC and glass, both of which make substantial use of Chlor-Alkali. The Asia Pacific Chlor-Alkali market is consequently expanding as a result of this cause.
The 2nd highest chlor-alkali market share was owned by North America, followed by Europe. Several of the world's biggest exporters of items containing Chlor-Alkali are North America. Well over the coming years, the construction sector's recovery is projected to increase PVC production and chlorine consumption.
Global Chlor-Alkali Market By Geography, 2022-2028
- Largest
- Fastest
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Chlor-Alkali Market Dynamics
Chlor-Alkali Market Driver
- Chlor-alkali is utilized in a variety of processes, including the production of alumina and PVC, chemical industries, paper production, textile industries, and glass making. As a result, the demand for goods from such sectors is growing, which is driving the Chlor-Alkali market.
- The necessity for treating wastewater is increasing along with the growth of urbanization. Organizations, homes, and agriculture stakeholders have all been compelled by socio-environmental challenges to limit wastewater production and completely cleanse it before release. Nations are aiming to reach 100% of just that, which is driving the need for effective wastewater treatment systems. Thus, it is estimated that demand for Chlor-Alkali-based treatment would increase over the upcoming period.
Chlor-Alkali Market Restraint
- Many countries have imposed severe rules in response to growing ecological issues, which is likely to hinder industry expansion. Asbestos and mercury are used in Chlor-Alkali, both of which are harmful to the planet. Environmental damage is brought on by the continuous use of asbestos and mercury in the production of PVC and other chlorine-based goods.
- Under pressure, chlorine should always be transformed into a liquid for transit; for a variety of reasons, even a small hole can be fatal. Market companies are building integrated Chlor-Alkali facilities to remove the storage and handling issues. Consequently, this aspect will pose a threat to the market's growth for Chlor-Alkali.
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Chlor-Alkali Market Competitive Landscape
Leading Chlor-Alkali suppliers rely on alliances, mergers, purchases, and the introduction of fresh software to survive in the international market. The key goal of major industry participants is continuous innovation to maintain a flawless relationship with customers. For instance, in March 2021, the three Chlor-Alkali corporations in Thailand and the CLMV market will be combined and reorganized by AGC Inc, a manufacturing company with headquarters in Tokyo.
Chlor-Alkali Market Top Players Company Profiles
- Formosa Plastics Corporation
- Dow Chemical Company
- Solvay SA
- Occidental Petroleum Corporation
- Tata Chemicals Ltd.
- Nouryon
- Olin Corporation
- Hanwha Chemical Corporation
- Xinjiang Zhongtai Chemical Co., Ltd.
- Tosoh Corporation
- Ineos Group AG
- Shin-Etsu Chemical Co., Ltd.
- LG Chem Ltd.
- Akzo Nobel N.V.
- PPG Industries, Inc.
- Ercros S.A.
- Nippon Soda Co., Ltd.
- Gujarat Alkalies and Chemicals Ltd.
- Xinjiang Markor Chemical Industry Co., Ltd.
- KEM ONE
Chlor-Alkali Market Recent Development
- In July 2022, in order to improve its position in the Indochina Peninsula and achieve future expansion, AGC intends to create a new company to combine and reorganise its three Chlor-Alkali companies there.
- In July 2022, Olin Corporation and ASHTA Chemicals, Inc. (US) signed into a contract for the purchase and sale of chlorine generated at ASHTA's US facility in Ohio.
Chlor-Alkali Key Market Trends
- Membrane cell technology is used to subjugate Chlor-Alkali manufacturing techniques. Still, the mercury cell method is still used by several manufacturing plants. Due to the severe toxicity of mercury, legislators have been forced to impose strict environmental rules on these procedures. Companies are switching from mercury cell technologies to more environmentally friendly ones like membrane cells as a result. For a fact, numerous companies in Europe changed their technology, and on the back of growing ecological issues, the same is expected to happen in different countries in the coming future.
Chlor-Alkali Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, in 2021, the chlorine type held the largest market share. In 2021, membrane cell processes represented a sizable portion of the market. In 2021, Asia-Pacific held the largest share of the global Chlor-Alkali market, and throughout the projected period, it is predicted that the Asia Pacific will continue to hold a prominent position.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 63.2 billion |
| Market size value in 2031 | USD 94.45 billion |
| Growth Rate | 4.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Chlor-Alkali Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Chlor-Alkali Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Chlor-Alkali Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Chlor-Alkali Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Chlor-Alkali Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Chlor-Alkali Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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