Sodium hydroxide (NaOH) and chlorine (Cl2) are the two main products from the chlor-alkali process. These chemicals are important feedstocks for many industrial processes. They are used in the manufacture of plastics, soaps, detergents, fertilizers, and water purifiers. In addition, they are widely used in food and textile manufacturing. They also serve as a neutralizing agent, and can be stored for long periods of time.
The chlor-alkali process uses chlorine, oxygen and sodium chloride as raw materials.
Market Statistics:
The Global Chlor-Alkali Market is estimated to account for 247874.3 KT in terms of value by the end of 2021.
Global Chlor-Alkali Market: Drivers
The growing demand for automobiles, chemicals, and consumer products is expected to drive the market growth. The market is also expected to grow on account of the increasing application of chlorine in CPG industries. All these factors are expected to drive growth of the market.
Global Chlor-Alkali Market: Opportunities
The market is also expected to see a significant increase in the demand for caustic soda, which is used to manufacture many organic and inorganic chemicals. In the future, the market is expected to grow on account of the booming paper packaging industry and surging construction activities. Emerging such applications are expected to hold potential growth opportunities.
Global Chlor-Alkali Market: Restraints
A major factor that negatively affected the growth of the chlor-alkali market is the recent outbreak of the COVID-19 virus. The pandemic had negative impact on the global economy.
Global Chlor-Alkali Market - Impact of Coronavirus (Covid-19) Pandemic:
Due to outbreak of the COVID-19 pandemic various countries are focussing on flattening the curve of the infection, resulting in severe lockdowns in some countries, confining millions of people in their homes. It resulted in the shutdown of businesses and production and manufacturing facilities, resulting in no economic activity. Furthermore, the major government resources directed towards importing or manufacturing vaccines impacts investments in other industrial manufacturing sectors such as the textile industry, chemical industry, and pulp and paper industry. This negative impact on the economic condition has impacted demand for chlor-alkali chemicals.
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Key Takeaways:
The global chlor-alkali market was valued at 247874.3 KT in 2021 and is forecast to reach a value of 321831.2 KT by 2030 at a CAGR of 3.11% between 2022 and 2030.
Chlorine segment held dominant position in the global chlor-alkali market in 2021, accounting for 40.65 %share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Global Chlor-Alkali Market Trends:
Growing demand for soaps and detergents due to the change in lifestyle is acting as a major trend for chlor-alkali market. In addition, the rising demand for aluminum is also a factor driving the demand for chlorine. Moreover, the increased use of chlorine in daily products, such as shampoos, isocyanates, detergents, and bleaches, is another factor which is driving growth of the global chlor-alkali market.
The increasing use of soda in the pulp-making process is another key trend observed in the global market. Moreover, growing demand for water treatment chemicals is again anticipated to play significant role for the market.
Global Chlor-Alkali Market: Competitive Landscape
Panasonic Corporation, Sick Ag, Pepperl+Fuchs, Rockwell Automation Inc., Eaton Corporation PLC, Omron Corporation, Delta Electronics Inc., Autonics Corporation, Datalogic SpA, Riko Opto-electronics Technolog Co. Ltd, Fargo Controls Inc., Hans Turck Gmbh And Co. Kg, Keyence Corporation, Honeywell International, Balluff GmbH, K.A. Schmersal Gmbh & Co, Euchner, Usa Inc., and Baumer Holding Ag
Global Chlor-Alkali Market: Recent Developments
- In September 2019, Genesis Energy LP announced the investment of USD 300 million, financed by Kirkland-led GSO Capital Partners (GSO), to expand its existing Granger production facility to increase the production of soda ash by approximately 750,000 metric ton per year, at its Wyoming facility.
- In May 2019, Infinity Lithium Corporation has entered into an MOU with Ercros SA for the supply of reagents that will be used to produce lithium chemicals at its proposed site in San Jose Lithium project.
- In October The Ercros SA completed the third expansion of the capacity of the chlorine and caustic soda production plant at the Vila-seca I factory by starting up of a new electrolyzer, resulting in a capacity addition of 26,000 t/year. After this expansion, the company’s total chlorine production capacity is 217,000 t/year.
