Global Chlor-Alkali Market was valued at USD 91.55 billion in 2021 and is expected to reach USD 118.86 billion by the year 2028, at a CAGR of 3.8%.
Chlor-alkali refers to the two chemicals such as chlorine and alkali which are concurrently manufactured as a result of the electrolysis of salt water. The most common chlor-alkali chemicals are chlorine and caustic soda (sodium hydroxide) but can include potassium hydroxide and muriatic acid. There are three types of electrolytic processes utilized in the production of chlorine and caustic soda such as the diaphragm cell process, the membrane cell process, and the mercury cell process. In the mercury cell process, chlorine and sodium hydroxide are manufactured all together by electrolyzing seawater (sodium salt water or brine) in a mercury cell.
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The global Chlor-Alkali Market research investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Chlor-Alkali Market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Chlor-Alkali Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Chlor-Alkali Market trends, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts.
Leading Key Players Covered Chlor-Alkali Market: -
· 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)
· Dow Inc. (US)
· Xinjiang Zhongtai Chemical Co. Ltd. (China)
· INOVYN (UK)
· Ciner Resources Corporation (US)
· Wanhua-Borsodchem (Hungary) and other major players.
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Segmentation of Chlor-Alkali Market: -
· Caustic Soda
· Soda Ash
By End Users
· Soaps & Detergents
· Paper & Pulp
· Organic Chemical
· Water Treatment
By Distribution Channels
· Direct Sales
· Specialty Stores
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
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Covid-19 Impact Analysis on Chlor-Alkali Market
COVID-19 has negatively affected the demand for the chlor-alkali market in 2020. According to the International Labor Organization study, the global textile trade declined in the first half of the year. The demand for chemicals, organic, and inorganic chemicals decreased rapidly across the globe. Exports to the major buying regions in the United States, the European Union, and Japan decreased by up to 70%. Singapore, Indonesia, Malaysia, and the Philippines have foisted quarantines on ships arriving from Chinese ports. Ships that have been in Chinese ports within 14 days before arrival in the Southeast Asian ports are needed to quarantine for 14 days at the port before accommodate.
Table of content: -
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities by Segment
Chapter 4: Market Landscape
Chapter 5: Chlor-Alkali Market by Type
Chapter 6: Chlor-Alkali Market by End Users
Chapter 7: Chlor-Alkali Market by Distribution Channels
Chapter 8: Company Profiles and Competitive Analysis
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