Chlor-Alkali Market Growth Drivers and Challenges

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Chlor-Alkali Industry Resilience Post- Pandemic
Expert Review
Chlor-Alkali Market Overview The chlor-alkali
industry refers to the production of chlorine,
sodium hydroxide (caustic soda), and hydrogen by
the electrolysis of brine (saltwater). This
industry is important because these three
chemicals are used in a wide range of
applications, including the production of PVC
(polyvinyl chloride) and other plastics, pulp and
paper manufacturing, water treatment, and many
others. 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. As per the
chlor-alkali market report by The Business
Research Company, The growth of the chemical
industry across the globe is expected to propel
the growth of the chlor-alkali market going
forward.
In terms of trends, the chlor-alkali industry has
been experiencing a shift towards more
sustainable and environmentally friendly
production methods. For example, there has been a
growing interest in using renewable energy
sources, such as wind and solar power, to power
the electrolysis process. Additionally, there has
been a focus on reducing waste and emissions
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• through the implementation of more efficient
  production processes and the use of new
  technologies.
• Another trend in the industry is the
  consolidation of companies, with larger players
  acquiring smaller ones to gain market share and
  increase their overall efficiency. There has also
  been an increase in global competition,
  particularly from emerging economies, which has
  led to some shifts in production and
  distribution patterns.
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• Chlor-Alkali Market Key Players
• Olin Corporation(US)
• Westlake Chemical Corporation (US)
• Tata Chemicals Limited (India)
• Occidental Petroleum Corporation (US)
• Formosa Plastics Corporation (Taiwan)
• Solvay SA (Belgium)
• Tosoh Corporation (Japan)
• Hanwha Solutions Corporation (South Korea)
• Nirma Limited (India)
• AGC, Inc. (Japan)

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APAC accounted for the largest share in the
global Chlor-Alkali market Asia-Pacific (APAC)
is the largest market for chlor-alkali globally,
both in terms of production and consumption. The
region accounts for more than half of the global
demand for chlor-alkali and is expected to
continue to see strong growth in the coming
years. Several factors are driving the demand
for chlor-alkali in APAC, including the growth of
various end-use industries, such as paper and
pulp, textiles, and plastics. Additionally, the
region's expanding population and rising
urbanization rates are fueling demand for water
treatment and sanitation products, which also
rely heavily on chlor-alkali chemicals. China is
the largest producer and consumer of chlor-alkali
in APAC, followed by India, Japan, and South
Korea. However, other countries in the region,
such as Indonesia, Thailand, and Vietnam, are
also seeing significant growth in demand for
chlor-alkali as they continue to develop and
modernize their economies. Overall, APAC is a
key market for chlor-alkali, and its growth and
development are expected to continue to drive
demand for these chemicals in the coming years.
By application, Alumina account for the largest
share for Caustic soda in the Chlor- Alkali
market Caustic soda (sodium hydroxide) is an
important chemical used in a wide range of
industries, including the production of alumina,
which is the primary raw material used in the
production of aluminum. In fact, alumina
accounts for the largest share of caustic soda
consumption in the chlor-alkali market.
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In the alumina production process, bauxite ore is
first refined into alumina using the Bayer
process, which involves the use of caustic soda.
The caustic soda helps to dissolve the
aluminum-containing minerals in the bauxite ore,
allowing the alumina to be separated and
purified. Other major applications of caustic
soda include the production of PVC (polyvinyl
chloride), pulp and paper manufacturing, and
water treatment. However, the alumina industry
remains the largest consumption of caustic soda
in the chlor-alkali market. Download
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fdownloadNew.asp?id708 By application, EDC/PVC
accounts for the largest share of Chlorine in the
Chlor-Alkali market The largest application for
chlorine in the chlor-alkali industry is the
production of vinyl chloride monomer (VCM),
which is used to produce polyvinyl chloride
(PVC). Chlorine is used as a key raw material in
the production of VCM through a process called
the "chlorine route". In the chlorine route,
chlorine is combined with ethylene to produce
1,2-dichloroethane (EDC), which is then heated
to produce VCM. PVC is then produced by
polymerizing VCM. Therefore, EDC/PVC accounts
for the largest share of chlorine consumption in
the chlor-alkali market. Other important
applications of chlorine include the production
of solvents, disinfectants, and various other
chemicals. However, the production of EDC/PVC
remains the largest and most significant use of
chlorine in the chlor-alkali industry.
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By application, Glass account for the largest
share for Soda Ash in the Chlor-Alkali
market Soda ash (sodium carbonate) is an
important chemical used in a variety of
industries, including glass manufacturing, where
it accounts for the largest share of its
consumption in the chlor-alkali market. In
glass production, soda ash is used as a fluxing
agent, helping to lower the melting temperature
of the glass mixture and improve its workability.
Soda ash is also used as a key ingredient in the
production of flat glass, container glass, and
fiberglass. Other major applications of soda ash
include the production of detergents, chemicals,
and various other industrial products. However,
the glass industry remains the largest consumer
of soda ash in the chlor-alkali market.