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-Alkali will 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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Key players in the Chlor-Alkali Market
- Formosa Plastics Corporation
- Solvay SA
- AGC Inc.
- Dow Inc.
- Tronox Limited
- Tata Chemicals Limited
- Xinjiang Zhongtai Chemical Co. Ltd.
- Axiall Chemicals
- BorsodChem
- Olin Corporation
- Westlake Chemical Corporation
- Tosoh Corporation
- Hanwha Solutions Corporation
- INOVYN
- Nirma Limited
- Ciner
- Occidental Petroleum Corporation
- Solvay SA
- Akzo Nobel SA
Key Projections
- Chlor-alkali products for vinyl production to surge at a CAGR of 4% through 2031
- By product, chlorine to accumulate more than 50% of market share for chlor-alkali market in the forecast period.
- North America expected to possess nearly 35% of market share through the assessment period 2021-2031
- Asia expected to accumulate more than 40% of market share for chlor-alkali
Competitive Dashboard
The global market for Chlor-Alkali is characterized by the presence of multiple vendors, aiming to offer extensive consulting and integration services to clients. Additionally, enterprises are seeking out, specialized service providers, offering solutions tailor-made to suit their business objectives. In addition, the vendors are likely to leverage up-gradation and product differentiation to gain an edge over other competitors in the market.
- In March 2021, AGC Inc. passed a resolution to integrate and reorganize its 3 consolidated subsidiary companies, AGC Chemicals (Thailand) Co., Ltd, Vinythai Public Company Limited, and AGC Chemicals Vietnam Co., Ltd, and to form a new company that will promote the business development of Chlor-alkali products and services in Thailand and Cambodia, Laos, Myanmar, and Vietnam markets, with target completion by the first half of 2022
- In Oct 2019, Borregaard invested 207 million Norwegian kroner in a chloralkali plant at the Sarpsborg site in Norway; the project aims at modernizing existing equipment and is expected to near completion in 2022.
Industry Survey
- Chlor-Alkali by Product
- Chlorine-based Chlor-Alkali
- Caustic Soda-based Chlor Alkali
- Soda Ash-based Chlor-Alkali
- Chlor-Alkali by Application
- Chlor-Alkali for Glass Manufacturing
- Chlor-Alkali for Vinyl Production
- Chlor-Alkali for Organic Chemical Production
- Chlor-Alkali for Inorganic Chemicals Production
- Chlor-Alkali for Pulp & Paper Production
- Chlor-Alkali for Chlorinated Intermediates
- Chlor-Alkali for Water Treatment
- Chlor-Alkali for Other Applications
- Chlor-Alkali by Region
- North America Chlor-Alkali Market
- Latin America Chlor-Alkali Market
- Europe Chlor-Alkali Market
- Asia Pacific Chlor-Alkali Market
- Middle East & Africa Chlor-Alkali Market
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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