Industry Background:
Chlor-Alkali is process in which electrolysis of brain takes place for the production in which brine is act as feedstock which is high concentrated solution of sodium chloride or calcium chloride or salt. By this procedure sodium hydrochloride, chlorine gas, hydrogen gas, vinyl chloride monomer, sodium hydroxide and potassium hydroxide among these chlorine and caustic soda are primary products. Over the period of time caustic –chlorine industry become largest growing and demanding industry because products made from caustic soda and chlorine are incorporated in day-today life of common people and become part of lifestyle. Owing to increase in demand Chlor-Alkali process because its applications in wide range of industries, Chlor-Alkali market is expected to grow at a significant rate during the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD N) |
Key Companies Profiled | Olin Corporation (United States), Occidental Petroleum Corporation (United States), Ineos Ag (United Kingdom), Hanwha Chemical Corporation (South Korea), Tata Chemical Limited (India), Formosa Plastic Corporation (Taiwan), Westlake Chemical Corporation (United States), Aditya Birla Chemicals, Xinjiang Zhongtai Chemicals (China), Nirma Limited (India) and Akzo Nobel SA (Netherlands) |
According to AMA, the market for Chlor-Alkali is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Increasing Demand for Chlor-Alkali Process in Chemical Industries and Expanding Necessity for Chlorine in the Textile and Paper Industry.
Globally, a noticeable market trend is evident Rising environmental concerns and increasing shift toward more sustainable production methods Major Vendors, such as Olin Corporation (United States), Occidental Petroleum Corporation (United States), Ineos Ag (United Kingdom), Hanwha Chemical Corporation (South Korea), Tata Chemical Limited (India), Formosa Plastic Corporation (Taiwan), Westlake Chemical Corporation (United States), Aditya Birla Chemicals, Xinjiang Zhongtai Chemicals (China), Nirma Limited (India) and Akzo Nobel SA (Netherlands), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Chlor-Alkali market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In October 2022, INEOUS Enterprises acquired ASHTA Chemicals Inc., from Bigshire Mexico S, de R.L. de C.V. Ashta manufacture chlorine and range of potassium-based chemicals. With this acquisition INEOUS Enterprises expand and improve its presence in Chlor-Alkali market
In July 2021, Olin Corporation entered into agreement with ASHTA Chemicals Inc. this agreement further aim to meet the growing demand of chlorine customers. With this agreement Olin corporation purchase and sale, the chlorine product at ASHTA’s Ashtabula, OH facility, which will further optimize logistic across Olin and ASHTA portfolio to reduce distance of chlorine travel to rich the customer and overall cost. With this agreement Olin Corporation improve and expand its presence in Chlor-Alkali market.
Influencing Trend:
Rising environmental concerns and increasing shift toward more sustainable production methods
Market Growth Drivers:
Increasing Demand for Chlor-Alkali Process in Chemical Industries and Expanding Necessity for Chlorine in the Textile and Paper Industry
Challenges:
Unable To Determine the Purity of Feed Brine Which Is Use Full In Chlor Alkali Process, Fluctuation in Cost of Raw Material, Lack of Supply Chain and Demand Management and Increasing Incidence of Chlorine Explosion and Corrosion Effect due to improper storage
Restraints:
High energy consumption process and Increasing effects of mercury emission on the environment in mercury cell production method
Opportunities:
Increasing Demand for Chlor-Alkali in Caustic Soda Production and Growing demand for chlorine in the water treatment industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Chlor-Alkali Market
- Analysis about New Entrants in Chlor-Alkali Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Chlor-Alkali Study Sheds Light on
The Chlor-Alkali Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Chlor-Alkali industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Chlor-Alkali industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.