Infinium Global Research Chlor-Alkali Market | Page 11

Global Chlor-Alkali Market: Trends and Forecast -2023
EXECUTIVE SUMMARY
GLOBAL CHLOR-ALKALI MARKET HIGHLIGHTS, (USD MILLION)
The consistent global demand for alumina, pulp and paper, vinyls and other derivatives
provide positive growth opportunities for chlor-alkali market. Furthermore, heavy investments
in alumina industry are 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 has 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.
Asia-Pacific region is the largest chlor-alkali market in the world. China, India and South East
Asian countries drive the Asia-Pacific region with huge consumption of caustic soda, chlorine,
and soda ash in industries such as construction, food & beverages, metal refining, paper,
plastics, and others. China is among the largest chlor-alkali producing countries in the world
and its domestic market has the highest demand for chlor-alkali in the world. Europe and
North America are the next major chlor-alkali markets. Major water purification processes
used in Europe require chlorine. Moreover, chlorinated compounds are widely used for
synthesis of several active chemicals in the pharmaceutical industry. The greater demand for
chlorine from these industries drives the European chlor-alkali market. The increase in
demand from the automobile industry is expected to drive the North American chlor-alkali
market over the forecast period. Further, the demand for chlor-alkali in developing countries
drives the growth of chlor-alkali market in the Latin America. African chlor-alkali market
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