June 25, 2024
Chlor-Alkali Market

The Global Chlor-Alkali Market Is Driven By Increased Demand For Chlorine From End-Use Industries

The chlor-alkali market involves the production of chlorine and sodium hydroxide using electrolysis of brine or salt water. These are essential chemicals used across a wide range of industries. Chlorine is used as a bleach in paper manufacturing and as a disinfectant in water treatment plants. Sodium hydroxide or caustic soda is used in production of aluminum, soap and detergents. The demand for chlorine from industries like plastics, textiles, water treatment etc. has seen significant rise with growing population and industrialization across the globe. The global chlorine demand is projected to grow over 2% annually through 2030. The increasing requirements for PVC, polyurethane foams and other chlorinated organic chemicals will propel the chlor-alkali market in the coming years.

The global Chlor-Alkali Market is estimated to be valued at Us$ 263531.83 Kt in 2023 and is expected to exhibit a CAGR Of 15.% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the chlor-alkali market is growing adoption of membrane cell technology. Over the past few decades, mercury cell technology, which was traditionally used, has been replaced with environment-friendly membrane cell technology in many developed markets. Membrane cell technology lowers energy consumption and reduces harmful emissions. It ensures sustainable production while meeting stringent regulations. As environmental concerns rise globally, more manufacturers are expected to shift toward membrane cell technology, driving the chlor-alkali industry.

Porter’s Analysis¬† :

Threat of new entrants: The chlor-alkali industry requires large capital investments and the presence of established players makes it difficult for new players to enter the market.

Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitute products and the bargaining power of large buyers.

Bargaining power of suppliers: Suppliers have moderate bargaining power due to the availability of alternative raw material sources and suppliers.

Threat of new substitutes: Alternate production methods and substitute products pose moderate threat of substitution.

Competitive rivalry: The industry features tight competition between major international players.

Key Takeaways

The Global Chlor-Alkali Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The Asia Pacific region currently dominates the market and is expected to continue its dominance over the forecast period owing to the large production bases and growing end-use industries in countries like China and India.

Regional analysis:

 

Asia Pacific accounts for the largest share of the global chlor-alkali market due to the presence of major manufacturers in countries like China and India. China is the largest producer and exporter of chlor-alkali globally. The market in Asia Pacific is expected grow at a high CAGR during the forecast period.

Key players:

 

Key players operating in the chlor-alkali market are Teva Pharmaceutical Industries Ltd., AbbVie Inc, Pfizer Inc., Reddy’s Laboratories Ltd, Zydus Cadila, MSN Laboratories Private Limited, and Lannett Co Inc. The market features presence of many global and regional players intense competition in the market.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it