Global Chlor-Alkali Market Report 2023: Market Size, Key Segments And Regions

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The Chlor-Alkali Global Market Report 2023 by The Business Research Company, provides chlor-alkali market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Chlor-Alkali Global Market Report 2023, the global chlor-alkali market size grew from $74.34 billion in 2022 to $80.35 billion in 2023, at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the chlor-alkali is expected to grow to $103.13 billion in 2027 at a CAGR of 6.4%.

The growth of the chemical industry across the globe is expected to propel the growth of the chlor-alkali market going forward. The chemical industry produces industrial chemicals and provides building blocks and raw materials for many industries, such as textiles, paint, paper, soap and detergent, pharmaceuticals, and agriculture. Chlor-alkali is used in the chemical industry to generate chemicals through an industrial process, and the growth of the chemical industry will encourage the usage of chlor-alkali to produce chlorine, hydrogen, and sodium hydroxide.

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The chlor-alkali market is segmented:

1) By Product: Chlorine-Based Chlor Alkali, Caustic Soda-Based Chlor Alkali, Soda Ash-Based Chlor Alkali, Other Products

2) By Production Process: Membrane Cell, Diaphragm Cell, and Other Production Processes

3) By Application: Pulp and Paper; Organic Chemical; Inorganic Chemical; Soap and Detergent; Alumina; Textile; Other Applications

Strategic partnerships and collaborations have emerged as a key trend being followed by the companies operating in the chlor-alkali market. This is owing to the presence of a large number of chlor-alkali firms operating in the industry and their desire to expand their market leadership. For instance, in June 2021, Abu Dhabi National Oil Company (ADNOC), a UAE-based oil company, and Reliance Industries Limited, an India-based integrated company across materials, entertainment, energy, retail, and digital services, formed a strategic partnership to join a new world-scale ethylene dichloride, chlor-alkali, and polyvinyl chloride production facility in Abu Dhabi. This partnership aims to leverage the strengths of both companies as global industrial leaders. Also, in October 2020, Grasim Industries Limited, an India-based manufacturing company, and Lubrizol, a US-based chemicals company, formed a partnership to manufacture chlorinated polyvinyl chloride (CPVC) resins in India. CPVC resin will be manufactured in a chlor-alkali unit at Grasim. This partnership aims to bring world-class technologies to complement Lubrizol’s growth strategy on the chlor-alkali platform in India.

The chlor-alkali market report table of contents includes: