Chlor-alkali Market

According to the International Trade Center (ITC), the global trade value of chlorine was estimated to be $180.543 million in 2018, and the value is observing a consistent growth of 1% (and 3% in volume) each year since 2014.[1] Chlorine is obtained by electrolysis of chloralkali, predominantly the electrolysis of sodium chloride solutions or brine. Thus, the augmented trade and demand for chlorine across the globe is significantly supporting the chloralkali market that was valued to be $91.126 billion as of 2018, and the application of Chloralkali in various industries is poised to witness a CAGR of 5.65% during the forecast period of 2019-2025.

The chemical industry is booming in countries of APAC such as India, China, Japan, and Korea. Furthermore, glass, alumina, vinyl, and water treatment sectors registered a growth in APAC, which is leading to an increased demand for chloralkali, due to its wide applications. The use of derivatives of chloralkali such as polyvinyl chloride plastics in advanced infrastructure solutions is further boosting the revenue generated in the APAC chloralkali market. In 2018, APAC had the maximum chloralkali market share of 5.65%.

• Request Sample

Chloralkali Market Outlook:

Chloralkali processes involve use of chloralkali asbestos that is treated in a variety of electrolytic cells that include membrane cell, diaphragm cell, and mercury cell. The chemical has a broad range of applications such as the production of alumina, EDC/PVC, and organic & inorganic chemicals. It is also used in pulp & paper and water treatment industry.

Food and pulp & paper industries are the lucrative application segment of chloralkali. While caustic soda market leverages the demand from pulp & paper industry, the soda ash segment of the chloralkali market thrives on demand influx generated in the food & beverages industry. The application of chloralkali in the food and pulp & paper industries is projected to increase at a CAGR of 6.13% through to 2025.

Chloralkali Market Growth Drivers:

· The Demand Influx from the Soaps & Detergents Industry –

The growth prospects for the chloralkali market in the soaps & detergents industry can be measured by surfactants market with market size of $35.426 billion in 2018. Furthermore, the demand for surfactants is estimated to observe a CAGR of 5.38% over the forecast period of 2019-2025. Chloralkalis are used in the production of soaps & detergents. So, the soaps & detergents industry growth is boosting the demand for chloralkali or caustic soda, which is reflected in the growth prospects in the chloralkali market.

• Inquiry Before Buying

· The Application in the Water Treatment Industry –

There is an increasing requirement for the incorporation of water treatment plants in the chemical industries due to the environmental regulations by government worldwide. The water treatment industry offer opportunities for the vendors in the water treatment chemicals market. Chloralkali is majorly used for water neutralization, in case of low pH value. Chloralkalis such as sodium hydroxide raise the pH value of water and neutralize it without causing any hardness in the water. Increase in the number of water treatment plants is boosting the chloralkali market.

· Booming Polyvinyl Chloride (PVC) Market Creating Opportunities –

The PVC market is booming due to its various applications in manufacturing of PVC resins, PVC stabilizers, and PVC pipes. Chloralkali is used in manufacturing of PVC, the trade value of polymers of vinyl chloride and other halogenated olefins was accounted to be $20.48 billion in 2018, according to ITC.[2] A substantial part of this trade value was attributed to PVC trade, which had created opportunities in the chloralkali market.

Chloralkali Market Market Trends:

·      Latest Development – Originally, the chloralkali process uses asbestos, mercury or fluorine-containing ion-exchange membranes. Recently, the chloralkali market has witnessed an innovation in which the process can be executed in a clean and membrane-free chloralkali process with decoupled Cl2 and H2/NaOH production.

·      In September 2018, AGC announced that the organization will increase its production capacity of chloralkali and polyvinyl chloride (PVC) in Southeast Asia. This expansion is much attributed to the augmented demand for chlor-alkali in APAC countries such as Indonesia, Thailand, and Vietnam.

Chloralkali Market Market Dynamics:

·         In February 2019, Grasim Industries – An Aditya Birla Group Company acquired the chloralkali business of KPR industries for a sum of $36m in order to position the company in the chloralkali market.

·         In July 2018, AkzoNobel planned to upgrade its Rotterdam chloralkali plant and include a new production line due to an increase in demand for chlorine and caustic soda. The plant currently produces 630,000 tons/year of chlorine.

“We also publish more than 100 reports every month in "Chemicals and Materials", Go through the Domain if there are any other areas for which you would like to get a market research study.”