Global Chlor Alkali Market 2022 Status and Outlook, Industry Growth Rate, Opportunities and Challenges to 2031

Kenneth Research, in its repository of market research reports, have recently added a report on Global Chlor Alkali Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Global Chlor Alkali Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Chlor Alkali Market products.

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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

Global Chlor Alkali Market- Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2022
Chlor Alkali chemicals are the ones produced by electrolysis of sodium chloride (Brine solution). The market is broadly categorized into three segments namely Caustic Soda (NaOH), Chlorine & Soda Ash (Sodium Bicarbonate) which are collectively known as chlor alkali chemicals. These chemicals are usually basic in nature and fall under the category of bulk chemicals. The main application areas of chlor Alkali chemicals are in soap & detergent industry, paper and pulp, textiles, water treatment, plastic industry, industrial solvents, alumina, pharmaceuticals etc.

Globally the demand for alkali chemicals is rising due to increase in the volume consumption for caustic soda for alumina industry. Since the refining process of alumina significantly requires caustic soda, hence the market of caustic soda is expected to witness a growth in the upcoming 6 years. Similarly, the demand for other alkali chemicals like chlorine and soda ash are being driven by their significant consumption in water treatment and detergent industry respectively.

The regional demand for chlor alkali is consistently growing, especially in the Asia Pacific area. This growth is supported by lucrative, fast-growing technological industries and the growing manufacturing market in these regions. Currently, Asia Pacific is the global leader in the chlor alkali market from the demand side. China and Japan have built an advantage of having most of the manufacturing and consumption market, thus providing the maximum contribution in the global chlor alkali market. And from the supplier side North America followed by Europe are the market leaders in the chlor alkali market.

The study of the global chlor alkali market by Infoholic Research provides the market size information and market trends along with the factors and parameters impacting it in both short and long term. The study ensures a 360° view, bringing out the complete key insights of the industry. These insights help the business decision makers to make better business plans and informed decisions for the future business. In addition, the study helps the venture capitalist in understanding the companies better and take informed decisions. Some of the key players in the chlor alkali market are Olin Corporation, Solvay S.A, Tata Chemicals, Akzo Nobel, Dow Chemicals, etc.

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According to Infoholic Research, the global chlor alkali market is expected to grow at a CAGR of 6.8% during the forecast period to reach $124.6 billion by 2022. Glass Industry is expected to maintain global dominance in the chlor alkali consumption by value, driven by China and India. Asia Pacific is expected to contribute highest growth in global chlor alkali market. Some of the key players in chlor alkali are SABIC, DOW Chemicals, BASF etc.

Report Scope:
Applications
Caustic Soda
• Alumina
• Inorganic Chemicals
• Organic Chemicals
• Pulp & Paper
• Water Treatment
• Others (Textiles, Food Processing, etc.,)
Chlorine
• Organic Chemicals
• Vinyls
• Soaps & Detergents
• Pulp & Paper
• Water Treatment
• Others
Soda Ash
• Glass
• Soaps & Detergents
• Water Treatment
• Paper & Pulp
• Textile
• Others (Textiles, Food Processing, etc.,)

Regions
• Asia Pacific
• North America
• Europe
• Rest of the World

• Industry outlook: Market trends, drivers, restraints, and opportunities.

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