Chlor-alkaliMarket: Introduction
In terms of value, the global chlor-alkali market isanticipated to expand at a CAGR of 4% from 2020 to 2030 andcross value of US$ 100 Bn by 2030. In termsof demand, Asia Pacific led the global chlor-alkali market in 2019. This trendis expected to continue between 2020 and 2030.Rise in demand for chlor-alkali products in various applications such asbuilding & construction, healthcare, aluminum processing, pulp & paper,and chemical processing is estimated to propel the global chlor-alkali marketduring the forecast period. Based on application, the PVC segment accounted forkey share of the global chlor-alkali market in 2019. It is isestimated to remain the dominant segment of the global chlor-alkali marketduring the forecast period. Increase in usage of pipes & fittings,profiles, and wire & cables– these are primarily made of PVC– is aprominent factor projected to propel the chlor-alkali market in the nearfuture.
Currently, the global chlor-alkalimarket has been severely hampered by the COVID-19 crisis. The ‘lockdown’situation in most of the countries across the globe has adversely affected theoperating rates and logistics scenario. China, a major producer and exporter ofchlor-alkali, is facing severe challenges related to the coronavirus outbreak.Chlor-alkali plant operating rates have decreased significantly in the country.Currently, plants are operating at the rate of around 60% inChina.
The ‘lockdown’ situation across theglobe has hit road, sea, and air transportation. This has led to high level ofinventories among the major producers of chlor-alkali in the world. Thepandemic situation is still evolving; most of the countries are relying onlockdown to counter the outbreak. Thus, the chlor-alkali market is expected tocontract in 2020.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1521
EnvironmentalConcerns Associated With Chlor-alkali May Hamper Overall Demand
Chlorine is primarily used to producepolyvinyl chloride (PVC). PVC is non-biodegradable; and generates dioxinswhen burnt for controlled recycling. Furthermore, hydrochloric acid isgenerated during the thermal decomposition of PVC. Chlorine is also a highlyreactive gas. Inhalation of small amounts of chlorine for short periods of timeadversely affects the human respiratory system and can result in irritation ofthe skin and eyes. Thus, environmental constraints associated with chlor-alkaliproduction may hamper the overall demand for chlor-alkali during the forecastperiod.
In 2017, theEuropean Union enacted regulations to cease the manufacture of chlorine via themercury cell process owing to environmental concerns. The 21 mercury technologyplants were operational in Europe in 2017. Currently, seven ofthese have closed down, while 14 have been converted or are in the process ofconversion into less harmful membrane technology.
More Trending Reports
Asia Pacific to beHighly Lucrative Region of Chlor-alkali Market
In terms of value, Asia Pacific heldprominent share of more than 60% of the global chlor-alkalimarket in 2019. Development of smart cities, particularly in India,and increasing urbanization and industrialization in Asia Pacific are projectedto boost the demand for chlor-alkali in the region in the near future.Chlor-alkali is widely employed in manufacture of PVC and glass, which areprimarily employed in building & construction activities for residential,commercial, and industrial applications.
The chlor-alkali market in AsiaPacific is expected to expand at a CAGR of more than 4.7% between 2020 and 2030. Together,China and India accounted for more than 70% share of thechlor-alkali market in Asia Pacific inn 2019. Presence of large number end-userindustries such as alumina manufacturing, PVC production, chemical processing,pulp & paper, textile, and glass manufacturing is a key factor that isanticipated to drive the demand for chlor-alkali in these countries during theforecast period.
Request Covid19 analysis on this market
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=1521
CompetitionLandscape
Global manufacturers of chlor-alkalihave made substantial investments to expand their business over the last fewyears. In September 2018, AGC started evaluations to expand thecapacity of its chlor-alkali business in Thailand, which is estimated toproduce 590,000 tons of caustic soda. In November2018, Tata Chemicals announced plans to expand the soda ash capacityby about 150,000 MT. In February 2019, GrasimIndustries, part of the Aditya Birla Group, announced plans to acquire thechlor-alkali business of KPR Industries to strengthen its footprint in thechlor-alkali market. Major manufacturers of chlor-alkali include Dow,Solvay, Tata Chemicals Ltd., INEOS, Occidental Petroleum Corporation, Kemira,Tosoh Corporation, and AGC Inc.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=1521<ype=S
Thesustainability aspects have dramatically changes the raw material sourcingstrategies for many businesses in the chlor-alkali market.Players have become more responsible toward reducing or managing the waste, areadopting material informatics equipped with artificial intelligence (AI), andadopting energy-efficient production processes in order to maximize returns oninvested capital.
Regulations,both region-specific and global, have made massive influence on themicroeconomics of the materials and chemicals sector. Governments are intent onpromoting the reduce the carbon footprint of the entire chemical and materialsmanufacturing. As a result, forward-looking organizations in the chlor-alkali marketare fervently looking for ‘green’ or low-carbonfootprint processes across the entire the value chain. The trend has gainedhuge momentum from the growing awareness among customers of the affects thatchemicals have on the ecology and environment.
About Us
Transparency Market Research is a global market intelligence company,providing global business information reports and services. Our exclusive blendof quantitative forecasting and trends analysis provides forward-lookinginsight for thousands of decision makers. Our experienced team of Analysts,Researchers, and Consultants, use proprietary data sources and various toolsand techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team ofresearch experts, so that it always reflects the latest trends and information.With a broad research and analysis capability, Transparency Market Research employsrigorous primary and secondary research techniques in developing distinctivedata sets and research material for business reports.
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
