Global $90+ Bn Chlor

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13 Jul, 2023, 06:30 ET

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DUBLIN, July 13, 2023 /PRNewswire/ -- The "Global Chlor-Alkali Market (2023 Edition) - Analysis By Product (Soda Ash, Caustic Soda, Chlorine), Production Process, Application, By Region, By Country: Market Size, Insights, Competition, Covid-19 Impact and Forecast (2023-2028)" report has been added to ResearchAndMarkets.com's offering.

The Chlor-Alkali market is expected to generate USD 90.34 Billion by the end of 2028, up from USD 66.89 Billion in 2021. Global Chlor-Alkali is expected to expand at a CAGR of 4.47%.

The expansion of automobiles and healthcare, as well as the growing urbanization, are driving up the chlor alkali market. Before 2020, industries such as automobile, healthcare, construction, that use Chlor-Alkali as their raw material had been expanding significantly, and the pandemic has made the expansion of the healthcare industry even faster. Several sectors of the Chlor- alkali business, including automobile, PVC, and disinfectants, experienced a significant rise in demand as a result of an increase in population.Rising vinyl expenditure, an increase in the number of innovations in the lifestyle, the expansion of product offerings, and the demand for organic chemicals are key drivers driving the market growth.In the Asia Pacific region, customers are ready to pay for advanced products such as medicines, organic chemicals, PVC, and surfactants. The growing concern for the safety of buildings has increased demand for a variety of products and accessories, including caustic soda. Additionally, with the growth in infections, allergies, bacterial diseases, and other skin disorders, the need for regular cleaning of surfaces is increasing in the healthcare industry as a means of reducing infectious diseases.The research report covers a detailed analysis of the market in Europe (UK, France, Germany, Italy, Spain, Rest of Europe), the Americas (United States, Canada, Rest of Americas), Asia Pacific (China, Japan, India, Rest of Asia) and the Middle East & Africa. Additionally, the research report displays data including market size, yearly growth & potential analysis, the competitive study of market players, investment opportunities, demand for future forecast, and so on.Demand for Caustic Soda in Asia is boosting the market growth. The major factor driving the growth of the Chlor-Alkali market is the increasing demand for caustic soda from the pulp & paper industry. Furthermore, the rising demand for construction applications is the governing factor for caustic soda.

Caustic soda is used to manufacture products in industries like paper & pulp, soap & detergents, textiles, etc., and also in the manufacturing process of many organic and inorganic chemicals. As a result, the product has high demand and is expected to boost the Chlor-Alkali market. China is expected to be the largest market due to the large-scale production and consumption of caustic soda products and their derivatives.Organic chemicals use caustic soda for manufacturing different products, such as methanol, sulfites, phosphates, hydroxyl ethyl cellulose, carboxymethyl hydroxyethyl cellulose, polyurethane, cellulose ether, methylcellulose, propylene oxide, polycarbonate, ethylene amines, epoxy resins, acetic acid, and epiChloroohydrin.

Furthermore, it is also used for neutralization and gas scrubbing by many organic chemical manufacturing companies. China and India are the major countries producing organic chemicals in the Asia-Pacific region. With the increasing production of polycarbonate, methanol, polyurethane, epoxy resin, acetic acid, the demand for caustic soda increases significantly in the Asia-Pacific region.Scope of the Report

Competitive Positioning

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For more information about this report visit https://www.researchandmarkets.com/r/m918c9

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