Chlor-Alkali Market Size, Share, Key Drivers and Restraints, Regional OutlookPosted by Stephen Lobo on January 4th, 2023 Chlor-Alkali Market Scope The chlor-alkali market refers to the industry that produces chlorine and alkaline products, such as caustic soda and sodium hydroxide, through the electrolysis of salt. These chemicals have a wide range of uses, including in the production of plastics, textiles, paper, detergents, and water treatment. 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. The chlor-alkali market is driven by factors such as increasing urbanization, rising demand for water treatment and disinfection, and growing demand for consumer products such as detergents. The market is also influenced by factors such as raw material prices, regulatory policies, and competition from substitute products. The global chlor-alkali market is expected to grow in the coming years, with increasing demand from developing countries in particular. Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=708 Chlor-Alkali Market Drivers There are several drivers that can affect the chlor-alkali market. Some of the key drivers include:
Chlor-Alkali Market Segmentation
The chlor-alkali market can be segmented by Type, Application, and Region. On the basis of Type
By application, Alumina account for the largest share for Caustic soda in the Chlor-Alkali market Alumina occurs as aluminum oxide and is refined to produce aluminum. Due to the increasing demand for aluminum across the globe, especially from China, the demand for alumina is increasing steadily. Generally, caustic soda is used for the production of alumina. Thus, the steady growth of the market is expected to, in turn, support the growth of the chlor-alkali market. APAC dominates the market, followed by North America and Europe. By application, EDC/PVC accounts for the largest share of Chlorine in the Chlor-Alkali market PVC is utilized 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. Chlorine is utilized in production of EDC/PVC and growth in end-use industries for EDC/PVC expects to drive the demand for chlorine in Chlor-alkali market. On the basis of region:
APAC accounted for the largest share in the global Chlor-Alkali market APAC accounted for the largest share of the Chlor-Alkali market in 2020, followed by Europe and North America. APAC recorded the largest demand for chlor-alkali in the past few years due to the growing investments in developing countries and manufacturing capacity additions across end-use industries, especially water treatment, and chemical processing. 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 regions overall growth. Chlor-Alkali Market Key Players
Key questions answered in the report:
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