The global market size of Chlor-alkali is estimated to reach USD 102.60 Billion by 2021 and is projected to register a CAGR of 5.4%. The report segments the market by chlor-alkali products, namely, chlorine, caustic soda, and soda ash.

The applications for chlorine are EDC/PVC, organic chemicals, inorganic chemicals, isocyanates, chlorinated intermediates, propylene oxide, pulp & paper, C1/C2 aromatics, water treatment and for caustic soda are alumina, inorganic chemicals, organic chemicals, food and pulp & paper, soaps & detergents, textiles, water treatment, and steel/metallurgy-sintering. Applications for soda ash include glass, soaps & detergents, metallurgy, water treatment, pulp & paper, and others. The report is segmented based on regions as Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.

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“Caustic Soda had the largest demand among other chlor-alkali products”

Caustic soda has a wide range of applications in different end-use industries such as alumina refining, organic & inorganic chemicals, soaps & detergents, water treatment, and food and pulp & paper. Major challenges for the global caustic soda manufacturers include the high-energy costs and stringent environmental regulations. In India, there are high input costs, which make the local industry less competitive. However, there have been changes in the policies and it is expected that there will be positive outcome for the local caustic soda industry of India. The improving manufacturing industry globally will help increase the caustic soda demand in chemical and alumina applications. Soaps and detergents application, especially in India will drive the caustic soda market in the region.

 
Asia-Pacific region is projected to register the highest growth rate, both in terms of value and volume, owing to high demand from emerging countries of the region. China is the largest chlor-alkali market globally with the highest demand. The region also drives the market owing to the presence of emerging markets, availability of raw materials, and lower labor costs.

The key companies profiled in this market research report are Olin Corporation (U.S.), Solvay (Belgium), Tata Chemicals Limited (India), Occidental Petroleum Corporation (U.S.), Axiall Corporation (U.S.), AkzoNobel N.V. (Netherlands), Formosa Plastic Corporation (Taiwan), Hanwha Chemical Corporation (Korea), Tosoh Corporation (Japan), Nirma Limited (India), and Tronox (U.S.).

The scope of the report covers detailed information regarding the major factors influencing the growth of the chlor-alkali market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, investments & expansions, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the market.

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