The global chlor-alkali market is likely to be valued at US$ 88.5 Billion in FY 2022, up from US$ 84 Billion in 2021. During the past year, the industry registered a Y-o-Y increase worth 5.3%. From 2022 to 2032, Chlor-Alkali sales are poised to flourish at a CAGR of 5.4% to reach a value of US$ 150 Billion by the end of 2032.
The global market for Chlor-Alkali is poised to yield absolute dollar growth worth US$ 150 Billion by 2032. Demand for Chlorine-based Chlor-Alkaliwill continue to thrive, with a documented CAGR of 5.1% during the 2015-2021 historical period of assessment, while demand for Chlor-Alkali in Vinyl Production at a rate of 4.6% during the same period. The APAC will dominate the global market, registering a growth opportunity worth US$ 55 Billion from 2022 to 2032.
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Global Chlor-alkali Market: In-Depth Assessment on Key Segments
The global chlor-alkali market is segmented on the basis of product, application, and region.
|Chlorine||Glass Manufacturing||North America|
|Caustic Soda||Vinyl Production||Latin America|
|Soda Ash||Organic Chemical Production||Europe|
|Inorganic Chemicals Production||APAC|
|Pulp & Paper Production||MEA|
Country-specific assessment on demand for chlor-alkali has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous chlor-alkali manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.
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How is Increasing Vinyl Production Impelling Chlor-Alkali Sales?
As per Fact.MR’s estimates, chlor-alkali chemicals for vinyl production is likely to be the highest, underpinned by increasing trade of polyvinyl chloride. In 2021, trade value of vinyl chloride polymers and other olefins is expected to be worth US$ 20.48 billion. Use of chlor-alkali derivatives, including polyvinyl chloride plastics in the construction sector, is anticipated to broaden expansion prospects for the entire industry. As per the report, the market is slated to surge at a CAGR of 4% from 2021 to 2031.
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Why are Chlorine-based Chlor-Alkali Products in High Demand?
Chlorine has gained prominence due to its disinfectant properties. Not only is chlorine used for disinfecting swimming pool water but it is also used for disinfecting drinking water. In addition, chlorine is used by a wide range of end user industries such as textiles, paper, paint and insecticides. This, in turn, has spurred the demand for chlorine. According to Fact.MR, in the assessment period, chlorine is expected to accumulate more than 50% of market share in the global chlor-alkali industry.
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