Chlor-Alkali Market Reports to 2030 | Major Players are Akzo Nobel NV, Formosa Plastics & Others

Global Chlor Alkali demand stood at 90 Million Tonnes in 2020 and is forecast to reach 137.4 Million Tonnes by 2030.
NEW YORK - Sept. 19, 2022 - PRLog -- According to ChemAnalyst report, "Global Chlor Alkali Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030", global Chlor Alkali market has shown significant growth in historic period and is anticipated to achieve a healthy CAGR of 4.35% during the forecast period. Growing demand for emerging electrolysis technologies for the production of Chlorine, Caustic Soda, and other sodium and chlorine-based derivatives in order to increase the environment sustainability for various applications such as bleaching kraft pulps, manufacturing of Chlorofluorocarbons, disinfecting the drinking water, cleaning of surface using chlorinated solvents and others is likely to boost the Chlor Alkali market worldwide in the upcoming years.

The Chlor Alkali is an industrial process that is used for the manufacturing of Chlorine, Hydrogen and Sodium Hydroxide i.e., Caustic soda, which are key chemicals for various end-user industries including paper and pulp, textiles, wastewater management, soaps and detergents, organic chemicals etc. These chemicals are produced by the electrolysis of Sodium Chloride solution (brine solution) in which the three main technologies include membrane cell, mercury cell and diaphragm cell. The process of membrane cell is superior and widely used method as it is energy efficient and lack harmful chemicals. The Chlor Alkali market is segmented on the basis of Caustic Soda and Soda ash products that are the primary products used in the process. The three key ingredients to make chlorine are salt, electricity and water which further produces elemental Caustic Soda (often sodium hydroxide or NaOH), chlorine (Cl2), and hydrogen (H2). Due to the highly reactive nature of these products, technologies have been developed to keep them apart and safe.

The products that are made from Chlor Alkali process including Chlorine, Hydrogen, and Caustic solutions are used in numerous industrial applications. The primary applications of Chlorine are used in PVC, organic chemicals for soda ash, inorganic chemicals, Chlorinated intermediates, soaps and detergents, pulp and paper industries and others. The growing demand of Chlorine in organic and inorganic chemical industry is expected to augment the Chlor Alkali market worldwide in the upcoming years.

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Major Players:
  • Formosa Plastics Corporation,
  • Akzo Nobel NV,
  • Occidental Petroleum Corporation,
  • INEOS,
  • Tata Chemicals Ltd,
  • Tosoh Corporation,
  • Hanwha Solutions/Chemical Corporation,
  • Kemira,
  • Olin Corporation

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