Global chlor alkali market is anticipated to grow at a CAGR of 8.9% during the forecast period (2024–2031). The market growth is driven by end-user industries such as chemical processing, water treatment, pharmaceutical, paper & pulp, and others. Rapid industrialization and infrastructural development activities across emerging economies are expected to drive the demand, contributing significantly towards market growth. However, the market growth is restrained by the toxic nature of chlorine, which contributes to the harmful environmental impact of chlor alkali.
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The chlorine segment of the market is anticipated to grow at the fastest rate during the forecast period. The segmental growth is attributed to the rising demand from various end-user industries such as insecticides, pharmaceuticals, textiles, aromatics, and others. Additionally, the increasing demand for polyvinyl chloride in the construction industry is further expected to enhance the segmental growth of the chlor alkali market.
Asia-Pacific is estimated to hold a prominent share in the global chlor alkali market with China being the key contributor with the presence of emerging countries such as India, Japan, and others in the region. The regional market growth is highly driven by rapid industrialization, easy availability of low-cost labor, and huge manufacturing of chlor alkali.
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Recent Development
- In February 2024, NEOS Inovyn announced a new Ultra Low Carbon range (ULC) of chlor alkali products that reduce the carbon footprint of caustic soda, caustic potash, and chlorine by up to 70.0% compared to industry averages.
Market Coverage
- The market number available for 2023-2031
- Base year: 2023
- Forecast period: 2024-2031
- Segment Covered-
o By Application
o By Product
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: Occidental Petroleum Corp., Olin Corp., Solvay S.A., Tosoh Corp., and Westlake Chemical Corp. among others.
Key questions addressed by the report
- What is the market’s growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Chlor Alkali Market Report Segment
By Application
- Paper & Pulp
- Gas
- Chemicals
- Textile
- Others (Water Treatment, Food Processing, Glass Manufacture)
By Product
- Chlorine
- Caustic Soda
- Soda Ash
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