Chlor-Alkali Market by Product (Caustic Soda, Chlorine, Soda Ash, and Others), Application (EDC/PVC, Chemical Processing, Food Processing, Pulp & Paper, Water Treatment, Soaps & Detergents, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026364 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 63 billion mark in 2022 and is expected to hit US$ 90 billion by 2030, recording a CAGR of 4% during the forecast period.

 

Chlor-alkali market has been significantly growing with the growing chemical industry across the globe

Chlorine, caustic soda, soda ash, etc. chlor-alkali products play an important role in the chemical industry. These products are necessary raw materials in the chemical industry and are used in various industrial and manufacturing processes. These products are highly used in applications such as paper & pulp and others. The chlor-alkali market is expected to grow with the increasing use of these products in different applications. The EDC/PVC segment is one of the major application segments for chlorine. Further, other segments such as food processing, pulp & paper, water treatment, and soaps & detergents are also expected to gain traction during the forecasted year.

Within the report, the market is segmented into product, application, and geography. By product, the market is further segmented into caustic soda, chlorine, soda ash, and others. On the basis of application, the market is segmented EDC/PVC, chemical processing, food processing, pulp & paper, water treatment, soaps & detergents, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Strong growth of the market in Asia Pacific region

The major factor driving the growth of the chlor-alkali market in Asia Pacific is the strong growth of the chemical industry in countries such as China, India, and others. High demand for PVC pipes from the agriculture sector is also fuelling the market growth. Moreover, growing paper and pulp industry is also positively impacting the growth of the chlor-alkali market in the region. Further, there are increasing investments for the expansion of production facilities of chlor-alkali products in the region.

High demand for soda ash from glass manufacturing application

For soda ash, the glass manufacturing is one of the major application fields. Soda ash is an important component in the manufacturing of glass. Glass products are highly used in the construction, automotive, packaging, household, laboratory, medical, and other industries. With the growth of these industries, the demand for glass is also increasing. This, in turn, is fuelling the demand for soda ash.

 

Recent strategic developments in chlor-alkali market

The chlor-alkali market has undergone several significant developments, and a few of these have been mentioned below:

  • In 2021, Olin Corporation entered into an agreement with ASHTA Chemicals, Inc. to purchase and sell the chlorine produced at ASHTA's Ashtabula, OH facility.
  • In May 2022, AGC Group decided to expand the production capacity of AGC Vinythai Public Entity Limited, a new company that will merge AGC’s chlor-alkali business on the Indochina Peninsula.

The chlor-alkali market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Olin Corporation, Westlake Chemical Corporation, Tata Chemicals Limited, Formosa Plastics Corporation, and Solvay SA. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Chlor-alkali related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Applications of chlor-alkali
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Product
  • Caustic Soda
  • Chlorine
  • Soda Ash
  • Others
  • Application
  • EDC/PVC
  • Chemical Processing
  • Food Processing
  • Pulp & Paper
  • Water Treatment
  • Soaps & Detergents
  • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Olin Corporation
  • Westlake Chemical Corporation
  • Tata Chemicals Limited
  • Formosa Plastics Corporation
  • Solvay SA.

Companies profiled
- Olin Corporation
- Westlake Chemical Corporation
- Tata Chemicals Limited
- Formosa Plastics Corporation
- Solvay SA.

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