Chlor Alkali market surges high in the emerging markets of Asia - Pacific
The chlor-alkali is an industrial process used to produce commodity chemicals - caustic soda (sodium hydroxide) and chlorine, which are required by industry. Chlor alkali technology is used for the production of three products namely caustic soda (sodium hydroxide), soda ash (sodium carbonate) and chlorine. These bulk chemicals find various applications, which include construction industry, water treatment, automotive industry, glass, food processing, paper and plastics industry. Growing usage of chlor alkali process in the production of bleaching powder and hydrochloric acid is expected to drive the chlor alkali market over the years. Chlor alkali comprises of three electrolysis technologies for producing bulk chemicals caustic soda and chlorine: diaphragm, membrane and mercury.
The Report “Global Chlor Alkali Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2021” added by DecisionDatabases.com provides the analytical data about the global chlor alkali market in terms of revenue and output/volume. The report studies the market drivers, opportunities and restraints thoroughly. The key players of the Chlor Alkali market are profiled and latest industrial developments are discussed in detailed in the report.
Chlor alkali market has been segmented on the basis of application into chlorine, caustic soda and soda ash. Chlorine has application in the manufacturing of several chemicals such as Poly Vinyl Chloride (PVC), chlorinated intermediates, aromatic chemicals, isocynates, organic & inorganic chemicals and propylene oxide. On the other hand, caustic soda application segment has scope in the production of organic-inorganic chemicals, alumina and in various industries such as soaps & detergents, paper, textiles, food industry, water treatment and metallurgical operations. In addition, soda ash application segment finds scope in the production of chemicals, soap, glass, paper and water treatment process.
Chlorine is the leading segment in terms of demand and production, followed by sodium hydroxide and soda ash. Competitive advantages of the industry players lie in the multiple merger and acquisitions to create technological and product advancement. However, environmental concern is a major restraint and may hinder the market growth in the near future. In addition, industry players are adopting new technologies to overcome this issue and are likely to turn market in their favor.
Asia Pacific is the leading market and is expected to grow at a significant rate over the forecast period. Asia Pacific market is driven by growing demand for glass and plastics coupled with rapid constructions opportunities, particularly in China and India. China is the fastest growing market and is expected to derive major demand over the coming years. Europe and North America are also expected to grow at a moderate rate owing to growing chemical industry along with favorable growth in paper and food processing industries over the coming years. Germany leads the Europe's chlorine market, followed by Belgium and France.
Chlorine is a key building block in today’s life and has wide usage in the production of synthetic rubber, solar cells, insulating materials, deodorant and water purifier. Additionally, caustic soda is widely used in many industries, including the production of cleaning agents, aluminium, effluent control and textile production. Rising consumption of chlorine in engineering materials such as elastomers, polymers and resins is likely to augment market growth over the forecast period. Growing demand for PVC particularly for the construction, electrical and automotive industries is also anticipated to have a positive impact on the market growth.
Major industry players include Occidental Petroleum Corp., Dow Chemical, Hanwha Chemical Corp., Formosa Plastics Corp., Solvay SA, Tosoh Corporation, Olin Corporation, FMC Corporation, Xinjiang Zhongtai Company, Ineos Group, Nirma limited and PPG Industries. In Feb 2015, Axiall has announced a master limited partnership (MLP) for its chlor-alkali business to gain access to its low-cost capital and to expand its plant facilities as well.
View the full Table of Contents of Global Chlor Alkali Market Research Report
Other Related Reports
Global Caustic Soda Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2021
Global Fluorochemicals Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2021
DecisionDatabases.com is one stop shop for your Market research requirements like market reports, company profiles and Industry databases. Our team consists of expert Business Analysts who have been trained to map your research requirement to the correct research resource.
For more details:
E-Mail: [email protected]
Phone: +91 99 28 237112