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Global Chlor-Alkali Market to be Aided by the Global Caustic Soda Market, Expected to Grow at a CAGR of 4.5% between 2021 and 2026.

According to a new report by EMR titled, 'Global Chlor-Alkali Market Report and Forecast 2021-2026', the global chlor-alkali market reached a volume of almost 82 million metric tons in 2020. The market is further expected to grow at a CAGR of 4.5% in the forecast period of 2021-2026 to attain about 107 million metric tons by 2026.

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:

  • Based on the products, the market can be divided into caustic soda, soda ash, and chlorine.
  • Caustic soda is used in organics, soaps and detergents, alumina, pulp and paper, inorganics, and water treatment industries, among others.
  • Soda ash is used in flat glass, container glass, other glass, soaps and detergents, chemicals, and alumina markets, among others.
  • Chlorine finds its applications in industries like EDC/PVC, organic chemicals, inorganic chemicals, isocyanates, chlorinated intermediates, propylene oxide, pulp and paper, C1/C2 aromatics, water treatment, and others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of The Report:

  • The global chlor-alkali market is driven by the increasing usage of chlor-alkali in the CPG industries, which include personal home care products, paper packaging, and food and beverage industries. 
  • The increasing demand for organic as well as inorganic chemicals and pulp and paper are further propelling the chlor-alkali market.
  • The market is further invigorated by the thriving caustic soda market, which is aided by the healthy and continuous growth of the alumina industry.
  • The automobiles market is increasing, which is further driving the demand for aluminium, used in alumina smelting, which is strengthening the market growth of chlor-alkali.
  • The growing construction activities are expected to drive the soda ash market, providing further impetus to the chlor-alkali market.
  • The expected increase in the water treatment activities will positively impact the demand for caustic soda, aiding the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global chlor-alkali market along with the market for caustic soda, soda ash, and chlorine for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the applications and regional markets of chlor-alkali. 
  • It gives an in-depth look at the regional price trends in the global chlor-alkali market for the periods (2016-2020) and (2021-2026).
  • It analyses the global trade data, looking into the value and volume of the significant importing as well as exporting countries.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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