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Chlor-Alkali Market Size

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

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Chlor-alkali Market Size

Chlor-Alkali Market size was valued at around USD 68 billion in 2022 and is estimated to register a CAGR of over 10% between 2023 and 2032. The increased stress on water treatment and growing regulations pertaining to water quality are fueling the chlor-alkali product demand. These products are utilized as crucial raw materials in the manufacturing of various chemicals such as chlorine. Chlorine produced from chlor-alkali is used to produce Polyvinyl Chloride (PVC), solvents, bleaches, and other organic & inorganic compounds.

Chlor-Alkali Market

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In the agriculture industry, chlor-alkali products are utilized in applications including fertilizers, pesticides, and herbicides. Chlorine-based compounds are used as soil sterilizers & disinfectants and in the production of agricultural chemicals. Population expansion, evolving eating habits, and the requirement for increased agricultural output are a few factors impacting chlor-alkali demand in the agriculture sector.

Chlor-Alkali Market Report Attributes
Report Attribute	Details
Base Year:	2022
Chlor-Alkali Market Size in 2022:	USD 68 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	10%
2032 Value Projection:	USD 82 Billion
Historical Data for:	2018 to 2022
No. of Pages:	210
Tables, Charts & Figures:	299
Segments covered:	Product Type, Technology, Purity, End Use, and Region
Growth Drivers:	Increasing demand chlor-alkali from wastewater management and water treatment sector Northward direction growth in construction and infrastructure sector Rising demand for energy and fuel industries Stringent government regulation and environmental concerns towards mercury-based chlor alkali production
Pitfalls & Challenges:	Risk Associate with storage and transport

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In chlor-alkali production, mercury cell technology is used, which causes ecological hazards owing to mercury emissions. Mercury is a poisonous substance and its emission can have damaging impacts on human health & the natural environment. This factor may limit the acceptance of chlor-alkali products.

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.