Oct 1, 2021   SOURCE: BusinessWire

The Worldwide Chlor-Alkali Industry is Expected to Reach $77.4 Billion by 2026 - ResearchAndMarkets.com

The "Chlor-Alkali Market by Type (Caustic Soda (Alumina, Chemicals, Textiles, Soaps & Detergents), Chlorine (EDC/PVC, Isocyanates, Propylene Oxide, C1/C2 Aromatics), Soda Ash (Glass, Water Treatment, Metallurgy, Pulp & Paper)), Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

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.

EDC/PVC application is projected to be the largest application segment for Chlorine in Chlor-Alkali market

The EDC/PVC is the largest segment by applications for the Chlorine in the Chlor-alkali market. Ethylene dichloride (EDC) is produced by the catalyzed chlorination of ethylene in the presence of ferric chloride (FeCl3) as the catalyst. Vinyl chloride monomer, along with anhydrous hydrochloric acid, is produced by the decomposition of ethylene dichloride at high temperatures. This vinyl chloride monomer is fed into polymerization reactors, wherein the polymerization reaction takes place to provide polyvinyl chloride (PVC). The PVC industry finds major applications in the construction, electronics, healthcare, automotive, packaging, and other end-use industries. Its low cost and desirable physical & mechanical properties make it a suitable material was various applications. Growth in the PVC industry further expects to drive the demand for chlorine in chlor-alkali market

Alumina is projected to be the largest application segment for Caustic Soda in Chlor-Alkali market

The alumina is the largest application segment for Caustic Soda in Chlor-alkali market. Caustic soda is used in the process for the extraction of aluminum from bauxite ore. It dissolves the bauxite ore which is the raw material in the production of aluminum. In this process, pure alumina is separated from the bauxite ore. The alumina collected is further subjected to calcination. APAC dominates the market, followed by North America and Europe. The demand for caustic soda is projected to be driven by the shifting base of industrial production to the APAC, the increasing population, and the rising demand for infrastructure.

Glass is projected to be the largest application segment for Soda Ash in Chlor-Alkali market

The glass is the largest segment by applications for the Soda Ash in Chlor-alkali market. Soda ash is an essential component in the manufacture of glass. Glass is produced by melting silica soda ash (approximately 15% of the total weight of the glass) and calcium compounds along with coloring agents and metallic oxides. It is utilized in the production of various types of glass such as flat glass (including sheet glass, float glass, figured & wired glass, safety glass, and mirror), glass hollow wares & containers, vacuum flasks, laboratory glassware, and fiberglass. Glass products are widely used in the construction, automotive, packaging, household, laboratory, and other industrial applications. APAC is projected to drive the demand for soda ash in the glass application due to the high demand from emerging economies where the construction and automotive sectors are growing.

APAC accounts for the largest share in the Chlor-Alkali market by region

APAC was the largest Chlor-Alkali market in 2020. 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 region's overall growth. The strengthening economy of countries such as China and India attracts new investments from global manufacturers. The APAC Chlor-alkali market is expected to see a rising demand from the chemical, water treatment, PVC, glass, metallurgy, and soap & detergents, among other sectors. Chlor-Alkali manufacturers in the APAC region include Tata Chemicals Limited (India), Formosa Plastics Corporation (Taiwan), Tosoh Corporation (Japan), Hanwha Solutions Corporation (South Korea), Nirma Limited (India), AGC, Inc. (Japan), Xinjiang Zhongtai Chemical Co. Ltd. (China), and others.

Market Dynamics

Drivers

  • Steady Growth of Chemical Industry Across the Globe to Drive Demand
  • Increased Demand for Water & Wastewater Treatment in Various End-Use Industries

Restraints

  • Environmental Impact of Chlor-Alkali Products
  • Energy-Intensive Operations
  • Economic Slowdown and Impact of COVID-19 on the Manufacturing Sector

Opportunities

  • Emerging Countries Offer Significant Growth Opportunities
  • Steady Recovery of the Automotive Sector

Challenges

  • Transportation and Storage of Chlorine
  • Impact of Increased Prices of Natural Gas
  • Imbalances in the Demand and Supply of Chlor-Alkali Products

Companies Mentioned

  • Agc Inc.
  • Bayer Ag
  • Ciner Resources Corporation
  • Dow Inc.
  • Ercros Group
  • Formosa Plastics Corporation
  • Genesis Energy, L.P.
  • Hanwha Solutions Corporation
  • Inovyn
  • Kemira
  • Microbio Ireland Limited
  • Nirma Limited
  • Occidental Petroleum Corporation
  • Olin Corporation
  • Pcc Group Srl
  • Sabic
  • Shandong Haihua Group
  • Solvay Sa
  • Spolchemie
  • Tata Chemicals Limited
  • Tosoh Corporation
  • Wanhua-BorsodChem
  • Westlake Chemical Corporation
  • Xinjiang Zhongtai Chemical Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/ec5oot