Asia-Pacific Chlor-Alkali Market – Industry Trends and Forecast to 2028

Market Analysis and Insights: Asia-Pacific Chlor-Alkali Market

Chlor-alkali market is expected to gain market growth in the forecast period of 2021 to 2028. The market is growing at a CAGR of 6.3% in the forecast period of 2021 to 2028 and expected to reach USD 44,219.83 million by 2028.

Increasing demand in oil and gas industry with rise in demand of alkali chemicals in chemical industry are the factors for the chlor-alkali market growth.

Chlor-alkali is a process of production of chlorine and sodium hydroxide when electricity is being passed through the solution of brine. The sodium hydroxide obtained from the process is used in the manufacturing of soaps, detergents, paper among others. The products obtained from the chlor-alkali process is been used in different industries such as pharmaceuticals, chemical processing, oil and gas and glass among others.

With rise in production of alumina, the demand of alkali chemicals has been increasing. So the rise in alumina production is driving the chlor-alkali market. The various ill-effects of release of toxic substance in the atmosphere are restraining the growth of chlor-alkali market. With increase in R & D investment in Indian chemical industry and with booming chemical sector of European Union is creating an opportunity for the growth of the chlor-alkali market. With high cost of membrane and with the problem of degradation of the membranes being used in chlor-alkali is creating a situation of challenge for the growth of the chlor-alkali market.

Chlor-Alkali Market Scope and Market Size
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• On the basis of type, the chlor-alkali market is segmented into caustic soda flakes, caustic soda lye and others. In 2021, caustic soda flakes segment is dominating due to rise in use of caustic soda flakes in oil and gas industry.
• On the basis of product, the chlor-alkali market is segmented into chlorine, sodium hydroxide and potassium hydroxide, caustic soda, sodium hypochlorite, vinyl chloride monomer, hydrogen chloride and others. In 2021, caustic soda segment is dominating with rise in use of caustic soda in chemical processing industry.
• On the basis of production process, the chlor-alkali market is segmented into membrane cell process, diaphragm cell process and mercury cell process. In 2021, membrane cell process segment is dominating as it helps in producing a high quality product.
• On the basis of distribution channel, the chlor-alkali market is segmented into B2B/ direct sales, warehouses, e-commerce, specialty stores and others. In 2021, e-commerce segment is dominating as the rising awareness will increase the purchasing power of the individuals.
• On the basis of end-user, the chlor-alkali market is segmented into soaps and detergents, paper and pulp, pharmaceuticals, organics, inorganics, textiles, water treatment, chemical processing and others. In 2021, chemical processing segment is dominating as the region is witnessing a demand of chemical processing with rapid industrial development.

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Chlor-Alkali Market Country Level Analysis

​Asia-Pacific chlor-alkali market, China is dominating the market due to increasing usage of chlor-alkali in soaps and detergents industry.

Increase in Demand in Aluminium Industry is driving Market of Chlor-Alkali.

The major players covered in the report are among Formosa Plastics Corporation, Hanwha solutions, Olin Corporation, Tosoh Corporation, Tata Chemicals Ltd, Covestro AG, SABIC, Kemira, SP Chemicals Holdings Ltd., Coogee, Xinjiang Zhongtai Chemical Co., Ltd, China Petroleum & Chemical Corporation, AGC Inc. Westlake Chemical Corporation other domestic and global players. 
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Many product developments are also initiated by the companies worldwide which are also accelerating the growth of chlor-alkali market.

In October 2018, Westlake Chemical Partners LP announced an At-The-Market program by entering an Equity Distribution Agreement. This will increase the sales and revenue of Westlake Chemical Corporation.