The global chlor alkali market had a value of USD 78.16 billion in 2022 and is anticipated to reach USD 123.35 billion by 2032, with a revenue compound annual growth rate (CAGR) of 5.2% during the forecast period. The substantial growth in market revenue is primarily propelled by the increasing demand for chlor alkali products across various end-use sectors, including textiles, water treatment, pulp and paper, and chemicals. Chlor alkali products are integral to numerous processes, encompassing water treatment and the production of chlorine-based and inorganic compounds. Factors contributing to the heightened demand for chlor alkali products include the growing need for purified water, increased demand for paper and packaging items, and the expansion of the chemical sector.
The rising demand for clean and treated water stands out as one of the primary drivers behind the revenue growth in the chlor alkali market. Among the primary chlor alkali products, chlorine plays a crucial role in disinfecting and purifying water. With the global population’s continuous growth and the subsequent increase in water pollution, there is a mounting requirement for safe drinking water. Additionally, the market’s revenue growth is further fueled by the increased use of chlorine in water treatment facilities to eliminate contaminants and impurities from water.
The expansion of the pulp and paper industry is another significant factor contributing to the growth of the chlor alkali market’s revenue. Chlorine is commonly employed in the pulp and paper sector to bleach paper and pulp, enhancing the quality of paper products. The demand for chlor alkali products is expected to escalate alongside the increasing need for paper and packaging materials, further bolstering market revenue growth.
- In 2021, Dow Inc. unveiled plans to increase its production capacity for chlor alkali products in Freeport, Texas, with the objective of meeting the growing demand for these products in North America.
- In 2020, BASF SE initiated a partnership with SABIC, a prominent global player in diverse chemicals, to develop a novel technology for producing ethylene oxide using chlorine instead of oxygen. This collaborative effort was focused on enhancing the sustainability of the chlor alkali production process.
- In 2019, Tata Chemicals Ltd. successfully acquired the chlor alkali and phosphoric acid business of the Indian company, Allied Silica Limited. This acquisition was aimed at reinforcing Tata Chemicals’ presence in the Indian chlor alkali market.
- In 2018, Occidental Petroleum Corporation completed the acquisition of the chlor alkali assets of Mexichem, S.A.B. de C.V., a Mexican company. This acquisition was intended to expand Occidental Petroleum’s production capacity for chlor alkali products in North America.
Get Free Sample PDF (To Understand the Complete Structure of this Report [Summary + TOC]) @
Leading Key Players in the Market:
Some major companies in the global chlor alkali market include:
- Dow Inc.
- BASF SE
- Aditya Birla Chemicals
- Occidental Petroleum Corporation
- Tata Chemicals Ltd.
- Solvay S.A.
- Formosa Plastics Corporation
- AGC Chemicals Americas, Inc.
- Shin-Etsu Chemical Co., Ltd.
- INEOS Group Limited
- Occidental Petroleum Corporation
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.