Asia-Pacific Chlor-Alkali Market Share, Growth, Demand, Global Trends, Segmentation and Competitive Outlook
Chlor-alkali market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 6.3% in the forecast period of 2021 to 2028 and expected to reach USD 44,219.83 million by 2028.
Increasing demand in oil and gas industry with rise in demand of alkali chemicals in chemical industry are the factors for the chlor-alkali market growth.
Chlor-alkali is a process of production of chlorine and sodium hydroxide when electricity is being passed through the solution of brine. The sodium hydroxide obtained from the process is used in the manufacturing of soaps, detergents, paper among others. The products obtained from the chlor-alkali process is been used in different industries such as pharmaceuticals, chemical processing, oil and gas and glass among others.
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The major players covered in the report are among Formosa Plastics Corporation, Hanwha solutions, Olin Corporation, Tosoh Corporation, Tata Chemicals Ltd, Covestro AG, SABIC, Kemira, SP Chemicals Holdings Ltd., Coogee, Xinjiang Zhongtai Chemical Co., Ltd, China Petroleum & Chemical Corporation, AGC Inc. Westlake Chemical Corporation other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Scope of the Asia-Pacific Chlor-Alkali Market Report:
The chlor-alkali market is segmented on the basis of the type, product, production process, distribution channel and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the chlor-alkali market is segmented into caustic soda flakes, caustic soda lye and others. In 2021, caustic soda flakes segment is dominating due to rise in use of caustic soda flakes in oil and gas industry.
- On the basis of product, the chlor-alkali market is segmented into chlorine, sodium hydroxide and potassium hydroxide, caustic soda, sodium hypochlorite, vinyl chloride monomer, hydrogen chloride and others. In 2021, caustic soda segment is dominating with rise in use of caustic soda in chemical processing industry.
- On the basis of production process, the chlor-alkali market is segmented into membrane cell process, diaphragm cell process and mercury cell process. In 2021, membrane cell process segment is dominating as it helps in producing a high quality product.
- On the basis of distribution channel, the chlor-alkali market is segmented into B2B/ direct sales, warehouses, e-commerce, specialty stores and others. In 2021, e-commerce segment is dominating as the rising awareness will increase the purchasing power of the individuals.
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Asia-Pacific Chlor-Alkali Market Regional Analysis/Insights
The Asia-Pacific Chlor-Alkali market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Asia-Pacific Chlor-Alkali market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Asia-Pacific Chlor-Alkali within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Asia-Pacific Chlor-Alkali market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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