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The global chlor-alkali market growth is aided by the Asia Pacific region, which holds more than half of the total market share. The region is followed by North America and the European Union. The chlor-alkali industry is driven by the thriving market for chemicals, paper and pulp, soaps, and detergents. In the application sector, caustic soda is growing owing to the increasing application of paper, food, and beverages, synthetic fibre, and personal care products. Chlor-alkali refers to the chemicals, which include chlorine and alkali, and develop simultaneously as a consequence of saltwater electrolysis. The most commonly used chlor-alkali chemicals are chlorine and sodium hydroxide (caustic soda).
In September 2020, Genesis Energy, L.P. (NYSE: GEL), a major player in the industry, announced the expansion of its current sodium services operations. The company is planning to invest around USD 300 million to extend its production facility at Granger to increase the production of soda ash by 750,000 tons/year. The company has extensive experience in innovation and investment in natural soda ash production in Wyoming. Such capacity expansions undertaken by the leading players in the industry are expected to aid the growth of the market.
Market Analysis by Product, Application, and Region:
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Occidental Petroleum Corporation, Olin Corporation, Formosa Plastics Corporation, Akzo Nobel NV, Tosoh Corporation, INOVYN, Genesis Energy, L.P., Tata Chemicals Ltd., Ciner Resources Corporation, SHANDONG OCEAN CHEMICAL CO., LTD, and Haohua Junhua Group Co., Ltd., among others, are the key players in the global chlor-alkali market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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