Chlor-Alkali Sales Expected to Garner a US$ 150 Billion Revenue by 2032; Application in Water Treatment is Boosting Demand
The global chlor-alkali market is projected to grow by $150 billion in absolute terms by 2032. The reported CAGR for demand for chlorine-based chlor-alkali was 5.1% for the historical assessment period of 2015–2021, whereas the CAGR for demand for chlor-alkali in vinyl manufacturing was 4.6%.
Manufacturers are ready to transition to PFAS-coated (Polyfluoroalkyl Substances) membrane technology in the near future to decrease the detrimental effects on the environment. Additionally, they seek to abolish the use of chlor-alkali in the chemical industry and other end uses.
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How Soaring Application of Chlor-Alkali Derivatives in Water Treatment is Boosting Demand?
With the expansion of urbanisation comes an increase in demand for wastewater treatment. Pressures from society and the environment have forced industries, households, and agricultural stakeholders to reduce wastewater production and fully treat it before release.
In 2020, 56% of domestic wastewater flows were safely treated worldwide, according to UN-Water. As nations work to get the rate up to 100%, there is a growing need for efficient wastewater treatment facilities. Therefore, it is projected that during the coming years, demand for chlor-alkali-based therapy will rise.
The chlor-alkali method assists in the elimination of unwanted solvents through the use of electrolysis. In most cases, it is useful for removing salt from brine. The byproducts, hydrogen, caustic soda, and chlorine, can then be used in a variety of chemical processes to produce other useful chemicals.
Key Companies Profiled
- Formosa Plastics Corporation
- Solvay SA
- AGC Inc.
- Dow Inc.
- Tronox Limited
- Tata Chemicals Limited
- Xinjiang Zhongtai Chemical Co. Ltd.
- Axiall Chemicals
- BorsodChem
- Olin Corporation
- Westlake Chemical Corporation
- Tosoh Corporation
- Hanwha Solutions Corporation
- INOVYN
- Nirma Limited
- Ciner
- Occidental Petroleum Corporation
- Solvay SA
- Akzo Nobel SA
Due to its superior quality, the Chlor-Alkali market analysis report enjoys the confidence and trust of its customers. This research contains market data that gives a complete study of the industry and its influence based on applications and on different geographical regions, and a systematic analysis of growth trends and future possibilities.
Additionally, this market study gives competition information, identifies industry trends, assesses brand recognition, potency, and insights, and provides a detailed overview of the market. It includes a comprehensive analysis of the state of the global market today along with many market dynamics. SWOT analysis and Porter’s Five Forces analysis, two well-known analysis tools, are used to support all the data, statistics, and information.
Key Highlights
- The report provides analysis of current global Chlor-Alkali market landscape.
- The report explores the most likely scenarios of the pandemic that are going to impact the Chlor-Alkali industry in long-term.
- The report does a detailed analysis studying how the global Chlor-Alkali market is changing.
- The report looks at how the global Chlor-Alkali market is shifting, the target market which have biggest opportunities, and trends on horizon that may impact your business directly or indirectly.
- The report highlights the key challenges, risk that you may face in near term as well as highlights opportunities.
The global Chlor-Alkali market study also includes granular segmentation by end-use, category, function, and geographic area, providing for a comprehensive examination of the whole market. Similarly, the market share of publications is determined by the Chlor-Alkali industry’s current and projected growth.
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Also, the report profiles on the Chlor-Alkali industry products, sales, returns, market position, market structure, industry drivers, and major restraints in the business. The report determines the current rate of growth and future growth estimates of the Chlor-Alkali market, and influencing factors driving the growth of market in 2022. Moreover, the volume of goods sold in the time period of 2015 to 2020 and estimates of sales in the year 2022 to 2032 is determined in the report. The report details the revenue is generated in the Chlor-Alkali market in the past five years and market opportunities, and imminent threats for the market participants.
Chlor-Alkali Market: Segmentation
- by Product
- Chlorine-based
- Caustic Soda-based
- Soda Ash-based
- by Application
- Glass Manufacturing
- Vinyl Production
- Organic Chemical Production
- Inorganic Chemicals Production
- Pulp & Paper Production
- Chlorinated Intermediates
- Water Treatment
- Other Applications
- by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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The important insights offered by this report and key highlights-
- What is the current market valuation for Chlor-Alkali market?
- What is the future growth outlook referring in the forecast duration?
- What is the projected rate of growth for the Chlor-Alkali referring to forecast years?
- Who are prominent market participants in this sector?
- Which region holds the major share of Chlor-Alkali market?
- What are the key regional areas covered under this report?
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