Scienza e Tecnologia
Chlor-Alkali Market worth $77.4 billion by 2026 - Exclusive Report by MarketsandMarkets™
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Alumina occurs as aluminum oxide and is refined to produce aluminum. Due to the increasing demand for aluminum across the globe, especially from China , the demand for alumina is increasing steadily. Generally, caustic soda is used for the production of alumina. Thus, the steady growth of the market is expected to, in turn, support the growth of the chlor-alkali market. APAC dominates the market, followed by North America and Europe . The demand for caustic soda is projected to be driven by the shifting base of industrial production to the APAC, the increasing population, and the rising demand for infrastructure.
PVC is utilized in the construction, electronics, healthcare, automotive, packaging, and other end-use industries. Its low cost and desirable physical & mechanical properties make it a suitable material was various applications. In 2019, the demand for PVC in Europe was approximately five million tons, which accounted for 10% of the overall production of plastic in Europe . Chlorine is utilized in production of EDC/PVC and growth in end-use industries for EDC/PVC expects to drive the demand for chlorine in Chlor-alkali market.
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Soda ash is an essential component in the manufacture of glass. Glass is produced by melting silica soda ash (approximately 15% of the total weight of the glass) and calcium compounds along with coloring agents and metallic oxides. Glass products are widely used in the construction, automotive, packaging, household, laboratory, and other industrial applications. APAC is projected to drive the demand for soda ash in the glass application due to the high demand from emerging economies where the construction and automotive sectors are growing.
APAC accounted for the largest share of the Chlor-Alkali market in 2020, followed by Europe and North America . APAC recorded the largest demand for chlor-alkali in the past few years due to the growing investments in developing countries and manufacturing capacity additions across end-use industries, especially water treatment, and chemical processing. Increasing investments in infrastructure development projects, growing urbanization, rapid industrialization, improving the standard of living, and thriving automotive sector, as well as high economic growth, are the key factors for the regions overall growth.
The leading players in the Chlor-Alkali market are Olin Corporation(US), Westlake Chemical Corporation (US), Tata Chemicals Limited ( India ), Occidental Petroleum Corporation (US), Formosa Plastics Corporation ( Taiwan ), Solvay SA ( Belgium ), Tosoh Corporation ( Japan ), Hanwha Solutions Corporation ( South Korea ), Nirma Limited ( India ), AGC, Inc. ( Japan ), Dow Inc. (US), Xinjiang Zhongtai Chemical Co. Ltd. ( China ), INOVYN (UK), Ciner Resources Corporation (US), Wanhua-Borsodchem ( Hungary ), and others.
Chemical Market Research Reports & Consulting
By Form (Granule, Powder), Application (Dyes & Pigments, Pesticide, Pharmaceuticals & Cosmetics, Hydrocarbon Resins, Fumed Alumina, Electrolytic Production of Aluminum, Titanium Dioxide), Region.
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