Global Chlor-Alkali Market 2018-2022
About this market
Freshwater reserves across the globe have been rapidly depleting due to increased water extraction from aquifers. The rate of water extraction from aquifers is higher than the water replenishing rate. The demand for chlorine and caustic soda is high in the wastewater treatment industry. The rising use of water treatment equipment also impacts the market for chlorine. During the forecast period the demand for other chlorine-based chemicals, such as disinfectants corrosion and scale inhibitors, coagulants, and flocculants will be supported by the increasing use of equipment, such as membrane systems which require pre-treatment of water with chemicals to maintain efficiency and prevent damage. Technavio’s analysts have predicted that the chlor-alkali market will register a CAGR of almost 4% by 2022.
Growth of PVC market
One of the major drivers for the growth of the global chlor-alkali market is increasing demand for PVC in the global construction market. Thus, the growth of construction activities is expected to drive the market for PVC and increase the demand for chlorine and the chlor-alkali process during the forecast period.
Dependence on electricity
One major challenge of the global chlor-alkali market is high dependence of the chlor-alkali industry on electricity. Moreover, the non-availability of substitutes to electricity for the manufacturing of chlor-alkali is a key challenge for market vendors due to a very high operation cost.
For the detailed list of factors that will drive and challenge the growth of the chlor-alkali market during the 2018-2022, view our report.
The chlor-alkali market is moderately fragmented owing to the presence of several chlor-alkali market players. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.’
Technavio Announces the Publication of its Research Report – Global Chlor-Alkali Market 2018-2022
Technavio recognizes the following companies as the key players in the global chlor-alkali market: Occidental Petroleum Corporation, Akzo Nobel, Olin Corporation, Tokuyama Corporation, INEOS, Tosoh Corporation.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing investments in the construction of green buildings have a positive impact on the global glass and soda ash markets, which in turn positively affect the global chlor-alkali market.”
According to the report, one of the major drivers for this market is the increasing demand from water and wastewater treatment industry.
Further, the report states that one of the major factors hindering the growth of this market is the adverse environmental impact of chlor-alkali market.
Occidental Petroleum Corporation
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