Chlor-Alkali Market Size – USD 97.73 Billion in 2020, Growth – 5.2% CAGR, Trends – Growing demand from wastewater treatment industry.
NEW YORK CITY, NY, UNITED STATES, October 28, 2021 /EINPresswire.com/ – Growing demand from end-use industries such as textiles, glass, paper and pulp is driving the growth of the market. The global chlor-alkali market is expected to reach $ 142.82 billion by 2028, according to a new report from Reports and Data. Chlor-alkali is a scientific process in which chlorine, caustic soda, sodium carbonate and their derivatives are made. An increase in the demand for caustic soda is due to the wide applications in food processing and the pulp and paper industry.
It is a non-flammable and odorless white solid which is commercially available in the form of tablets, flakes, granules and aqueous solutions of various concentrations. Due to its highly corrosive nature, it can generate significant heat and ignite combustible materials when dissolved in water. The product is used in the refining of petroleum products, organic synthesis processes and the textile industry in the production of bleaching fabrics and viscose silk, in the manufacture of soap, the paper and aniline industry, the production of water glass, aluminum and sodium metal, alkaline accumulators.
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North America is expected to grow at a CAGR of 5.4% during the forecast period. Strong demand for textile applications as well as soaps and detergents is expected to propel regional market demand. Fluctuations in high temperature in North American countries resulted in disruption of production volumes, reduced operating rates at a few plants, and longer formulation time. This post as a challenge to the growth of the market.
The main participants include:
Dow Chemicals, AkzoNobel NV, Solvay Chemicals, Tata Chemicals Limited, Formosa Plastic Corporation, Tronox, Hanwha Chemical Corporation, Nirma Limited, Tosoh Corporation, and Occidental Petroleum Corporation, among others.
Other key findings from the report suggest,
Caustic soda is a substance used as an ingredient or in the manufacture of dozens of household products such as detergents, body soaps, and pipe cleaners. In conditions where a corrosive substance is required, such as a drain blockage, caustic soda will help dissolve organic material but will leave polyvinyl chloride pipes intact. It is also used in the production of ice cream, carbonated drinks and food coloring.
The membrane cell process has inherent ecological advantages over the two older methods, as it does not use mercury or asbestos. It is the most energy efficient process and it works incredibly safe, and it produces consistent high quality caustic soda.
An increase in the construction and automotive industry is driving the demand for glass, which is propelling the sodium carbonate market. Factors such as energy-intensive production processes and strict regulations are expected to hamper the growth of the Chlor-Alkali market.
China’s pulp and paper industry is modern and highly mechanized, and labor is considerably cheap. Due to government reforestation initiatives, forest cover is increasing in the region. With a thriving pulp and paper industry and growing demand from other end users, the consumption of caustic soda is expected to increase in China in the coming years.
Protective equipment deployed in military, defense and law enforcement areas uses chlorine for manufacturing purposes. For example, defense equipment such as night vision goggles, cockpit canopies, rocket thrusters, carbon-reinforced polymers, and bulletproof glass are all made using one of the components of the production process. .
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For the purpose of this report, reports and data have been segmented on the global Chlor-Alkali market on the basis of product type, process systems, applications, and region:
Product Type Outlook (Revenue, USD Billion; Volume, Kilotons; 2020-2028)
Process Systems Outlook (Revenue, USD Billion; Volume, Kilotons; 2020-2028)
Application Outlook (Revenue, USD Billion; Volume, Kilotons; 2020-2028)
Paper and pulp
Isocyanates & Oxygenates
EDC / PVC
Soaps and detergents
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Regional outlook (revenue, billion USD; volume, kilotonnes; 2020-2028)
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