Quick Summary:
In the rapidly evolving chemical sector, the global Chlor Alkali market is poised to expand substantially, offering numerous opportunities for growth and investment. Used in manufacturing chemicals such as chlorine, caustic soda, soda ash and other sodium and chlorine-based derivatives, the demand for Chlor Alkali is propelled by a burgeoning demand for chlorine and caustic soda derivatives from numerous sectors including alumina, pulp and paper, organic and inorganic chemicals, and textiles.
The prevalence of industries requiring chlor alkali derivatives, including automotive and pulp and paper, in developing regions such as the Asia-Pacific contributes to the area's potential for commanding a significant market share. Rising per capita incomes in economies like China and India further intensify demand for products utilizing chlor alkali derivatives, providing compelling market prospects over the forecast duration.
In summarizing, acquisition of this comprehensive market research report delivers an invaluable tool for stakeholders such as manufacturers, policy-makers and consultants, offering sound insights into global chlor alkali market trends and facilitating data-driven decision-making for expansion and investments. Enjoy the convenience of a one-year online digital platform subscription with quarterly updates, ensuring that your information remains current and pertinent in this dynamic market landscape.
Global Chlor Alkali demand stood at 92 Million Tonnes in 2022 and is forecast to reach 128.4 Million Tonnes by 2032, growing at a healthy CAGR of 3.71% until 2032. Chlor alkali is a chemical process that is used to manufacture various chemicals including chlorine, caustic soda, soda ash, and other sodium and chlorine-based derivatives. There are mainly two types of processes involved in chlor alkali namely membrane cell and diaphragm cell process. Chlor alkali chemicals have a wide range of application areas including alumina, pulp and paper, organic chemical, inorganic chemical, detergent and soap, textile, and others. Growing demand for caustic soda and its derivatives coupled with the rising demand for chlorine from various industries is expected to drive the demand for chlor alkali during the forecast period. Additionally, rising demand for alumina from the automotive industry is expected to push the demand for chlor alkali during the forecast period. Demand growth from other sectors includes pulp and paper, organic chemicals, inorganic chemicals, detergent, and soap, etc.Global Chlor Alkali Demand is Projected to Grow at a Healthy CAGR of 4.35%.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries. Manufacturing units were temporarily shut down and disruption in the supply chain was observed. Shortage of workforce and absence of end-users adversely affected the market growth. Automotive and pulp and paper were among the most affected industries during the pandemic. This had an impact on the demand of chlor alkali, particularly for caustic soda for the first half of 2020. However, post-pandemic period the market has picked up the pace eventually.
Asia-pacific region is expected to hold major market share for the forecast period due to high demand for application industries such as automotive and pulp and paper, textile, etc. Moreover, increasing population and rise in per capita income in emerging economies like India and China coupled with rise in products using chlor alkali derivatives is expected to boost the market demand for the forecast period.
Years considered for this report:
- Historical Period: 2015-2022
- Base Year: 2022
- Estimated Year: 2023
- Forecast Period: 2024-2032
Objective of the Study:
- To assess the demand-supply scenario of chlor alkali which covers production, demand and supply of chlor alkali market globally.
- To analyse and forecast the market size of chlor alkali .
- To classify and forecast global chlor alkali market based on end-use, sales channel and regional distribution.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global chlor alkali market.
- To identify leading players involved in the manufacturing of chlor alkali.
To extract data for global chlor alkali market, primary research surveys were conducted with chlor alkali manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, the publisher was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, the report analyzes various end user segments and projected a positive outlook for Global chlor alkali market over the coming years.
The publisher calculated chlor alkali demand globally by analyzing the historical data and demand forecast which was carried out considering prices, materials used for production of chlor alkali. The publisher sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by the publisher.
Key Target Audience:
- chlor alkali manufacturers and other stakeholders
- Organizations, forums and alliances related to chlor alkali distribution
- Government bodies such as regulating authorities and policy makers
Report Scope:
In this report, global chlor alkali market has been segmented into following categories, in addition to the industry trends which have also been detailed below:- Market, by End Use: Alumina, Pulp and Paper, Organic Chemical, Inorganic Chemical, Detergent and Soap, Textile and Others
- Market, by Type: Caustic Soda, Soda Ash and Others
- Market, by Sales Channel-Direct Sales, Indirect Sales
- Market, by Region-North America, APAC, Europe, MEA, South America
Available Customisations
With the given market data, the publisher offers customizations according to a company’s specific needs.Table of Contents
Methodology
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