Global Chlor-Alkali Market Report and Forecast 2024-2032

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Asia Pacific Accounting for a Significant Market Share of Chlor-Alkali

The supply market is led by the Asia Pacific region, accounting for more than half of the total share, that is, around 55% of the total market share. The region is witnessing an increased demand for caustic soda owing to the rising application of paper, food, and beverages, synthetic fibre, and personal care products. The demand in the Asia Pacific region is expected to be higher than the western countries. The application sector is dominated by the alumina as well as soaps and detergents industries in 2018. With the new environment-friendly policies in China, the water treatment activities are likely to increase. With the increase in these activities, the demand for caustic soda is also expected to grow, which is anticipated to boost the chlor-alkali market. The Asia Pacific region is the largest exporter of caustic soda. The Northeast Asian countries export caustic soda to regions like Australia and Papua Guinea.

The Asia Pacific is followed by North America and the European Union as the other major supply markets. The major driving factors for the global chlor-alkali market include the growing market and demand for chemicals, paper and pulp, and soaps and detergents. The United States and Asia export significant volumes of caustic soda to the other regions. While the United States exports to Latin America, Asian and Middle Eastern countries export to European and African countries. Australia also imports a considerable volume of the chlor-alkali.

The increasing construction activities in the Asia Pacific and the Middle East region, meanwhile, are likely to drive the soda ash market. The Asia Pacific region solely consumed around 55% of the total output of soda ash in 2018. China is among the top consumers of soda ash and consumes nearly 95% of the soda ash in the region. North America is the largest exporter of soda ash.

Market Segmentation

Chlor-alkali refers to the two chemicals, namely, chlorine and alkali, that are produced at the same time as a result of saltwater electrolysis. The most prevalent chlor-alkali chemicals include chlorine as well as sodium hydroxide (caustic soda) but may include potassium hydroxide and muriatic acid also.

Based on products, the chlor-alkali market can be divided into caustic soda, soda ash, and chlorine.

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Caustic soda finds its applications in the following sectors:

• Organics
• Soaps and Detergents
• Alumina
• Pulp and Paper
• Inorganics
• Water Treatment
• Others

Soda ash, meanwhile, finds its applications in the following segments:

• Flat Glass
• Container Glass
• Other Glass
• Soaps and Detergents
• Chemicals
• Alumina
• Others

Chlorine finds its applications in the following industries:

• EDC/PVC
• Organic Chemicals
• Inorganic Chemicals
• Isocyanates
• Chlorinated Intermediates
• Propylene Oxide
• Pulp and Paper
• C1/C2 Aromatics
• Water Treatment
• Others

The EMR report also covers the regional chlor-alkali markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing CPG Industries Boosting the Market Growth of Chlor-Alkali

The global chlor-alkali market is being driven by its increasing application in the CPG industries. The CPG industries include paper packaging, personal and home care products, and food and beverage industries. The growing demand for organic and inorganic chemicals and pulp and paper is propelling the chlor-alkali market growth further.

The alumina industry, which is likely to witness a healthy and steady growth in the forecast period due to increasing demand from the domestic applications, is driving the caustic soda market growth. The growing demand for automobiles in Latin America is driving the demand for aluminium, which is used in alumina smelting. The growing demand for both organic and non-organic chemicals, which are the end use-industries, is going to aid the growth of the chlor-alkali market. The thriving demand for inorganic chemicals, which is a significant end-use industry for caustic soda, is providing an impetus to the overall market.

Growing Demand for EDC/PVC To Augment the Market Growth of Chlor-Alkali

The EDC/PVC segment is likely to witness significant demand over the forecast period. This could be attributed to the various favourable characteristics of polyvinyl chloride (PVC), including its malleability, lightweight, low-cost, and easy to install and handle. The increased usage of PVC in the home construction industry as it is employed as a replacement for metal pipes, is aiding the market growth. Further, PVC is also used in the healthcare sector to make blood bags, feeding tubes, intravenous (IV) bags, and parts of dialysis devices, among others. Moreover, features like biocompatibility, clarity and transparency, resistance to chemical stress cracking, and low thermal conductivity, are expected to boost the EDC/PVC segment in the global chlor-alkali market over the coming years.

Key Players in the Global Market for Chlor-Alkali

The report gives a detailed analysis of the following key players in the global chlor-alkali market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Occidental Petroleum Corporation
• Olin Corporation
• Formosa Plastics Corporation
• Akzo Nobel NV
• Tosoh Corporation
• INOVYN
• Genesis Energy, L.P.
• Tata Chemicals Ltd.
• Ciner Resources Corporation
• SHANDONG OCEAN CHEMICAL CO., LTD
• Haohua Junhua Group Co., Ltd.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on Porter’s five forces model, along with giving a SWOT analysis. This report also provides price and trade data analysis for the chlor-alkali market.

Key Highlights of the Report