Global Chlor Alkali Growth, Trends And Forecast 2026
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The “Global Chlor Alkali Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026” research study provided on Decisiondatabases.com gives a detailed evaluation of the growth trends, market drivers, opportunities and restraints of the global Chlor alkali market. The report foresees the global market to reach over USD 130 BN by 2026 along with a CAGR of 5% from 2020-2026. The market had a value close to USD 93.1 BN in 2019.
Chlor alkali is a technology or a process that is used to produce chemicals in order to meet the industrial demand. The Chlor-alkali chemicals are mainly chlorine, caustic soda and soda ash. They are used by numerous industries and the general use of these chemicals is in water- treatment, glass, plastics, building & construction, chemical production, pulp & paper and food processing.
They can also be utilized for the production of hydrochloric acid, bleaching powder and chlorinated paraffin amongst other chemicals. A major step in the development of the Chlor-alkali market globally has been the collaboration of multiple industries leading to the growth of the Chlor-alkali market. However, a major drawback is the environmental concern behind the process of production. Also, new process techniques & technologies are being adopted by competitive players in the market.
By product type, it is categorized into chlorine, caustic soda and soda ash where chlorine has been identified to be the leading segment. The sub-categories of chlorine-based applications are aromatics, EDC/PVC, organic & inorganic chemicals, chlorinated intermediates, isocyanates, propylene oxide, pulp & paper and water treatment where EDC/PVC has led this classification. The sub-categories of caustic soda based applications are alumina, organic & inorganic chemicals, food, pulp & paper, soaps & detergents, textiles, water treatment and steel or metallurgy sintering where food pulp & paper has led this classification. Glass, chemicals, soaps, metallurgy, water treatment and pulp & paper are the sub-categories of soda ash-based applications as per the study and glass has been found out to be the leading classification.
Vinyl chloride monomer (VCM), hydrochloric acid (HCL) and sodium chlorate are the segments of the global Chlor alkali market based on end-use products.
By geography, Asia Pacific, North America, Europe, Latin America and Middle East & Africa are the segments of the global Chlor alkali market. Asia Pacific has emerged as the region having the largest Chlor alkali market globally.
The key players of the global Chlor alkali market as per the study are Dow Chemical Company, Occidental Petroleum Corporation, Formosa Plastics Corporation, Tosoh Corporation, Hanwha Chemical Corporation, Solvay SA, FMC Corporation, Ineos Group Limited, Olin Corporation, PPG Industries, Xinjiang Zhongtai Chemical Company Limited and Nirma Limited.
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