Pune, India -- (SBWIRE) -- 02/12/2018 -- The report on Chlor-Alkali Market by Products (caustic soda, chlorine and soda ash), Application (application, caustic soda, chlorine and soda ash ), by Region (North America, Europe, Asia-Pacific, ROW) trends analysis and forecasts up to 2023 studies the market sizes, key trends and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the World. According to the report the Global Chlor-Alkali Market is projected to grow at a CAGR between 5.3% and 5.9% in terms of value over the period of 2017-2023. The growth in the world market is primarily driven by significant contribution by North America (Leading region) region to this market.

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The Chlor-Alkali process is an electrolytic process by which chlorine and alkali are produced from a salt solution. Diaphragm cell process, mercury cell process and membrane cell process are the three types of technologies utilized for Chlor-Alkali process. Caustic soda (sodium hydroxide), muriatic acid, and potassium hydroxide are the major alkalis' produced during this process. Usually seawater is used as the brine solution. If potassium brine is used, the alkali obtained by the process will be potassium hydroxide. Caustic soda is a major chemical building block in various industries and it accounts for major portion of overall Chlor-Alkali demand. Moreover, chlorine is one of the increasingly used Chlor-Alkali in the industry. Chlorine finds major application in the EDC/PVC industry. Moreover, caustic soda finds applications in industries such as aluminium, cleaning agents, food, soap, textiles, and some others.

The consistent global demand for alumina, pulp and paper, vinyl and other derivatives provide positive growth opportunities for chlor-alkali market. Furthermore, heavy investments in alumina industry is expected to provide growth opportunities for chlor-alkali market, as caustic soda is a major raw material for alumina refining process. The demand for chlorine is leading many chlor-alkali manufacturers to upgrade technology as well as manufacturing facilities to improve the production of allied products as well to have optimum output and it is expected to help in the growth of the market. Moreover, the growing demand from industries such as automobile, construction, food, paper, pulp and other industries are expected to drive the global chlor-alkali market. Moreover, the demand for chlor-alkali products in inorganic and organic chemicals industries are expected to enhance the growth of the global chlor-alkali market during the forecast period. However, the emission of mercury and carbon during the manufacturing of chlor-alkali have environmental implications, which in turn is likely to restrain the growth in this market over the forecast period. Replacing the older technology for production to overcome this issue is a major challenge for the players in the global chlor-alkali market during the forecast period. However, with several chlor-alkali manufacturers are adopting membrane cell technology, there is significant scope for reduction of environmental impact. This is expected to drive volume of the chlor-alkali market to grow during the forecast period.

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Global Chlor-Alkali Market by Product
- Caustic Soda
- Chlorine
- Soda Ash

Global Chlor-Alkali Market by Application
- Caustic Soda
- Chlorine
- Soda Ash

Companies Profiled:

The companies covered in the report include AkzoNobel NV, Axiall Corporation, Bayer Material Sciences Ag, Occidental Petroleum Corporation, Solvay Chemicals, The Dow Chemicals, Tata Chemicals Ltd, Hanwha Chemical Corporation, Tosoh Corporation, and Xinjiang Zhongtai Chemical Co. Ltd.