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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 2020 and 2025.

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"According to a new report by EMR titled, 'Global Chlor-Alkali Market Report and Forecast 2020-2025', the global chlor-alkali market reached a volume of almost 82 million metric tons in 2019. The market is further expected to grow at a CAGR of 4.5% in the forecast period of 2020-2025 to attain about 107 million metric tons by 2025."

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 2019, Genesis Energy (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 (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) 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 (2015-2019) and (2020-2025).
  • 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, Dow Chemicals Company, INOVYN, Akzo Nobel NV, Tosoh Corporation, Solvay Group, Genesis Energy, LP, Tata Chemicals Limited, Shandong Haihua Alkali & Resin Co., Ltd., Ciner Resources Corporation, 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:

EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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"Global Chlor-Alkali Market: By Product: Caustic Soda, Soda Ash, Chlorine; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Price Analysis; Trade Data Analysis (HS Code: 281511,283620, 280110); Porter’s Five Forces Analysis; Value Chain Analysis; Procurement Strategy; Competitive Landscape & Supplier Analysis; Events and Developments; Manufacturing Process; Production Cost Analysis and Project Economics"

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