The chlor-alkali market will register a CAGR of almost 4% by 2022
NEW YORK, March 20, 2019 /PRNewswire/ -- About this market
Freshwater reserves across the globe have been rapidly depleting due to increased water extraction from aquifers. The rate of water extraction from aquifers is higher than the water replenishing rate. The demand for chlorine and caustic soda is high in the wastewater treatment industry. The rising use of water treatment equipment also impacts the market for chlorine. During the forecast period the demand for other chlorine-based chemicals, such as disinfectants corrosion and scale inhibitors, coagulants, and flocculants will be supported by the increasing use of equipment, such as membrane systems which require pre-treatment of water with chemicals to maintain efficiency and prevent damage. Technavio's analysts have predicted that the chlor-alkali market will register a CAGR of almost 4% by 2022.
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Market Overview
Growth of PVC market
One of the major drivers for the growth of the global chlor-alkali market is increasing demand for PVC in the global construction market. Thus, the growth of construction activities is expected to drive the market for PVC and increase the demand for chlorine and the chlor-alkali process during the forecast period.
Dependence on electricity
One major challenge of the global chlor-alkali market is high dependence of the chlor-alkali industry on electricity. Moreover, the non-availability of substitutes to electricity for the manufacturing of chlor-alkali is a key challenge for market vendors due to a very high operation cost.
For the detailed list of factors that will drive and challenge the growth of the chlor-alkali market during the 2018-2022, view our report.
Competitive Landscape
The chlor-alkali market is moderately fragmented owing to the presence of several chlor-alkali market players. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.'
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