Global Chlor-Alkali Market to Grow Along with the Demand for Caustic Soda From 2014-2022
Chlor-Alkali Market Insights
Chlor-alkali is closely associated with the manufacturing of several chemical materials such as chlorine, caustic soda and other chlorine and sodium based derivates which are used extensively across various end-use verticals. The global chlor-alkali market is expected to grow and projects a consistently upward trend during the forecast period of 2014 to 2022. These projections, along with others are in Market Research Future’s latest expert report.
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Chlor alkali is used in the form of its derivatives in the automobile industry, construction sector, pulp & paper industry and the food & beverage industry among others. Increasingly, manufacturing of chlor-alkali products is moving toward emerging economies to leverage the availability of low overall operating costs. The increasing demand for consumer goods, particularly the sectors mentioned above is expected to perpetuate proportional growth in the demand for chlor-alkali. For instance, the growing demand for plastic paints, and elastomers drives demand for chlorine which is a by-product of chlor-alkali. Moreover, the demand for caustic soda in various sectors is expected to be a significant contributor to market growth during the assessment period.
Environmental implications of the products are expected to restrain growth as chlor-alkali products are energy intensive. However, its growth in emerging economies and the ongoing research and development of regarding technical and environmentally friendly factors are likely to offer room for market expansion in the coming years.
The global chlor-alkali market is segmented on the basis of type, application, and region. By type, the market is segmented into chlorine gas, soda ash, and caustic soda. By application, the market is segmented into organic/inorganic chemicals, paper & pulp industry, food, soaps & detergents, and others. By region, the global market is segmented into Asia-Pacific, North America, Europe and the Rest of the World.
The Asia-Pacific region accounts for the largest market across the globe both in terms of volume and value. The swift industrialization in countries such as China and India of various sectors such as pulp & paper, food, and automobile combined with the shift of manufacturing plants for chlor-alkali in the region is the key contributor to the region’s leading market position. This is primarily due to international market leaders leveraging the regions low material costs and the availability of cheap labor.
North America and Europe make up the second and third largest regions in the global chlor-alkali market respectively. These regions have a similar growth pattern, are technically advanced and are home to some prominent market-leading players. Moreover, these regions are well-developed and stringent government regulations regarding the environmental ill-effects of chlor alkali manufacturing has encouraged players to carry out extensive R&D activities in an effort to develop alternatives.
The competitive landscape of the global chlor-alkali market is made up of several prominent players that have been analyzed for their role in facilitating market growth through successful R&D activities, product launches, and other vital market strategies. Eminent players include Material Sciences AG, Dow Chemicals, AkzoNobel NV, Tata Chemicals Ltd., Axiall Corporation, Olin Corporation, Formosa Plastics Corporation, Occidental Petroleum Corporation, Solvay S.A, Nirma Limited, and others.
Latest Industry News:
ThyssenKrupp Industrial Solutions has just been awarded a contract for the engineering and procurement of a standardized skid mounted chlor-alkali plant in Tanzania. The plant is planned to have high energy efficiency so as to produce minimal ill-effects and close to zero emissions.
AkzoNobel Speciality Chemicals is set to upgrade its chlor-alkali plant in Rotterdam in an effort to strengthen the development of its local industrial cluster. A second independent production line for chlorine and caustic soda is planned and will implement innovative technology which automatically adjusts production in line with electricity supply. The plant and its upgrades are expected to maintain continuous production and expand capacity in the future to meet demands.
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