Owing to wide applications the Chlor-alkali products have great demand in the market. The global Chlor-Alkali market is estimated to grow at a compound annual growth rate CAGR of 5.59 % over the current forecast period (2021-2030). The Chlor-Alkali Market is showing remarkable growth and was valued at USD 98.16 billion in 2030. The major products of the Chlor-alkali process such as chlorine, caustic soda, and soda ash play an important role in different chemical industries. Owing to wide applications of Chlor-alkali products in various industries the global demand was 244,214.46 kilotons in 2030.
Global Chlor-Alkali Market Overview 2030 -
Chlor-alkali Market is an industrial process that consists of two chemicals, namely chlorine and an alkali, and is used for the electrolysis of sodium chloride. It is a technology that is used to produce sodium hydroxide and chlorine, both of which are commodity chemicals required by the industry. It can also produce muriatic acid and potassium hydroxide. There is a total of three types of electrolytic processes used in the production of caustic soda and chlorine; these are the mercury cell process, the diaphragm cell process, and the membrane cell process. Realizing the market potential, an extensive study has been conducted by the team of Market Research Future (MRFR) to analyze the factors driving the market.
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Prominent Players Analysis:
Solvay SA (Belgian), Olin Corporation (US), Axiall Corporation (US), Akzo Nobel NV, The Netherlands) Bayer AG (Germany), Covestro AG (Germany), Tosoh Corporation (Japan), Tata Chemicals Ltd (India), Tronox Limited (US), Xinjiang Zhongtai Chemical Co. Ltd (China), and others.
On the contrary, strict governmental measures pertaining to the use of brominated flame retardants in electronic equipment and textile, and its toxic properties are factors that may limit the global Chlor-Alkali Market growth over the forecast period.
The global Chlor-Alkali Market has seen potential growth in the last year and is expected to expand significantly in the coming years. The transition witnessed various technological advances and changes in the wireless communication sector, owing to the ever-growing demand for smartphones with enhanced features; increased storage space, for instance. Miniaturization is a prominent trend noted in the global smartphone and tablet market, where the size of the electronic components used in the manufacturing of smartphones and tablets are reduced without jeopardizing its performance and quality. In order to achieve fine line printing in the miniaturized components the manufacturers need inks with advance formulations, which in turn is driving the market for Chlor-Alkali Market.
On the flip side, factors that can cause the market to deteriorate are strict government regulations in regard to the safety of the environment. This is due to the harmful carbon and mercury emissions which emits from these products. Another hurdle that must be conquered over in the sector is the lack of standardization in order to achieve growth and expansion. Moreover, it should be ensured that lower energy is consumed and the impact over the environment is reduced by enhancing the pre-existing technologies. This would enable the Chlor-Alkali market to continue on its upward growth trajectory.
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Industry/ Innovation/ Related News:
October, 2017 – Nano Dimension, a leading name in the conductive ink market space has opened its new production plant for Nano particle ink production. The facility is dedicated towards production of advanced nanoparticle conductive and dielectric inks.
May, 2016 – DuPont (Now DowDupont) launched new conductive ink for digital printing applications. The new product from the company will enable digital printing of various electronic components and circuits such as OLED panels, solar cells, printed antennae and touch panels where fine line of printing is required
Chlor-Alkali Market - Segments:
Segmentation of the global Chlor-Alkali market, by product type
- Caustic soda
- Soda ash
The chlorine segment is the dominating market segment. This dominance is due to its wide application in various industries. Chlorine is used to manufacture PVC plastics, industrial solvents, paints and dyes, medicines, pesticides, etc. Moreover, it is also used on a large scale for bleaching purposes in the paper and textile industry. It also finds its use in water treatment plants.
Segmentation of the global Chlor-Alkali market, by the production process
- Membrane cell process
- Diaphragm cell process
- Mercury cell process
The membrane cell process Is the most practiced. The popularity of this process is driven by less energy requirement in the procedure. Moreover, the initial investment required to set up a production unit is also very less in this type.
Segmentation of the global Chlor-Alkali market, by application
- Organic chemicals
- Food processing
- Paper pulp
- Isocyanates oxygenates
- Water treatment
- Soaps detergents
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In 2019, Global speciality chemicals company ICL’s Industrial Production division (ICL-IP) announced its strategic agreements with its Asian customers to expand the capacity of bromine compounds. The agreements will look to increase the production capacity of its TBBA bromine compound by up to 25,000mtpa.
Regional Analysis -
The segmentation of the global Chlor-Alkali market comprises regions like Asia-Pacific, North America, Europe, and Rest of the World.
Globally, Asia-Pacific bears the dominant position in the Chlor-Alkali market both in relation to the volume and value. The market is expected to continue with its rise in the forthcoming years at the same rate. Due to reasons such as rapid industrialization, low cost attached to labor and raw materials, and the high manufacturing rate of Chlor-Alkali products, China is the major revenue generating nation in the Asia-Pacific region.
North America and Europe stand in the second and third position, respectively, owing to the low production level of Chlor-Alkali products as compared to other developing economies.
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