Overview:
The global Chlor-alkali Market is expected to gain substantial traction from the rapidly increasing urbanization. The urbanization creates various opportunities for changes like deployment of water treatment projects, increasing chemical industries, demand for the paper & pulp industry, and others. Market Research Future (MRFR) recorded several such factors to understand how the market would shape up in the coming years. In addition, the changes in lifestyle would create demand for EDC/PVC, soaps and detergents, and others, which would boost the market. Its contribution to the Asia Pacific region is substantial and emerging countries are opting for supporting factors for better growth.
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Segmentation:
The global Chlor-alkali market, as discussed on the basis of MRFR’s report, has been segmented into product type and application. These segments have insights regarding the market that can be explored to the fullest for better strategic deployment. These insights are backed by various figures and factor-based analyses to make the report credible and simplify the tactical procedures.
By product type, the global market report on the Chlor-alkali market has been segmented into caustic soda, soda ash, and chlorine. The chlorine has a huge demand in several sectors. Soda’s use in food processing and pulp-making for the paper industry is commendable and can impact market growth.
By application, the global study on the Chlor-alkali market has been segmented into food processing, organic chemicals, metallurgy, paper & pulp, EDC/PVC, water treatment, isocyanates & oxygenates, soaps & detergents, textiles, and others. Rising disposable income is impacting the intake of soaps & detergents, owing to which the market could benefit.
Regional Analysis:
The global chlor-alkali market, by region, has been segregated into North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
APAC is predicted to dominate the global market owing occupying a share exceeding 50% in 2018. The growth of the paper & pulp industry in Indonesia, China, and Japan coupled with demand for isocyanates and polyvinyl chloride from automotive and construction sectors. Increased expenditure on plants or facilities and rapid industrialization in China can bode well for the global chlor-alkali market.
North America will follow APAC due to demand for water treatment chemicals and isocyanates in the U.S. The growth of regional chemical sector and increased use of the chemical and upstream and downstream processes can influence the market positively. The use of chlorine in daily usage products such as soap, detergents, glass, and textiles can fuel the demand for chlor-alkali. Preference of chlorine-derived products by customers in Canada and the U.S. will trigger the global chlor-alkali market growth. Investments in research and development advocating the use of the membrane process over mercury process to lower emission levels can bolster global market demand.
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Competitive Landscape:
Olin Corporation (US), Solvay SA (Belgian), Akzo Nobel NV (The Netherlands), Axiall Corporation (US), Covestro AG (Germany), Bayer AG (Germany), Tronox Limited (US), Tosoh Corporation (Japan), Tata Chemicals Ltd (India), and Xinjiang Zhongtai Chemical Co. Ltd (China) are the companies trying different strategies to promote themselves in the market and take it forward. The global market for Chlor-alkali depends much on the changes brought by various strategic developments initiated by these companies. Mergers, acquisitions, and collaborations play an integral role in making plans to improve the profit margin. In addition, the market players are relying on various other forms like marketing strategies, hike in investment for research and development to boost the innovation, and others would provide ample scope to the global market growth. MRFR records several changes in recent times to understand how the market can profit from this situation.
Industry News:
In April 2020, Asahi Kasei, a leading one-stop provider of catalysts, electrodes and membranes, and a much-lauded name as Chlor-alkali producer announced that they are ready for their production of hydrogen from their largest hydrogen production plant in Fukushima Prefecture, Japan. In 2017, the company received an order of 10MW large alkaline water electrolysis system from New Energy and Industrial Technology Development Organisation (NEDO) and Toshiba Energy Systems Corporation. Using the system, they started producing hydrogen in November 2019 to check whether the standard matches the global parameters or not. Their efforts were successful. As a result, they announced the operation of their new plant.
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