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Chlor-Alkali Market Trends

Report ID: GMI6138
Published Date: Jul 2023
Report Format: PDF

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Chlor-alkali Market Trends

The chlor-alkali product demand in water treatment applications, such as disinfection and pH adjustment, is increasing. With growing concerns related to water scarcity and the requirement for clean water supplies globally, chlor-alkali products will play a critical role in guaranteeing water safety & quality. The water treatment sector presents substantial growth opportunities for the chlor-alkali business.

Developing economies, particularly in Asia Pacific and Latin America, are experiencing a growing demand for chlor-alkali products. Rapid industrial, urban & infrastructure development in these regions impacting the demand for chemicals, textiles, and construction materials, leading to increased chlor-alkali product demand. Caustic soda, also known as sodium hydroxide, is a vital product in the chlor-alkali market. It finds vast uses in chemical, pulp & paper, textile, and water treatment industries.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of chlor-alkali surpassed USD 68 billion in 2022 and will reach USD 82 billion by 2032 due to the rising stress on water treatment and the growing regulations pertaining to water quality.

The high purity chlor-alkali market size is anticipated to record over 5.5% CAGR from 2032 to 2032 driven by rising usage in industries, such as electronics, semiconductors, and pharmaceuticals, where strict purity standards are critical to manufacturing.

U.S. market for chlor-alkali crossed USD 24 billion in 2022 due to the fast-growing manufacturing sector, including chemicals, pulp & paper, textiles, and metals.

Some of the major chlor-alkali industry players are Westlake Chemical Corporation, Tata Chemicals Limited, Occidental Petroleum Corporation, Formosa Plastics Corporation, Solvay SA, Tosoh Corporation, Hanwha Solutions Corporation, Nirma Limited, AGC, Inc., and Dow Inc.