Global Chlor-Alkali Market is forecasted to grow at 6.0% with factors such as increasing demand in automotive and machinery industry.
Chlor-alkali market has shown an exceptional penetration in countries such as in the U.S., China and Germany. Growing usage of chlor-alkali is increasing with rise in the use of alkali in alumina industry. In developing countries, increasing in demand in water treatment and chemical processing industry is creating opportunity for the chlor-alkali market.
Chlor-alkali Market Scenario
According to Data Bridge Market Research the market for chlor-alkali in Asia-Pacific region has the highest market share followed by North America and Europe and the market leaders are China Petroleum & Chemical Corporation, Formosa Plastics Corporation and Westlake Chemical Corporation.
China Petroleum & Chemical Corporation accounts for an estimated market share of approximately 35% to 38%. The company has gained outstanding sale through their wide range of chlor-alkali due to surging growth in chemical processing industry in the world. For instance, in June 2019, China Petroleum & Chemical Corporation (Sinopec) exhibits their chemical products to more than 300 clients at the Chemspec Europe 2019. This will help to business expansion with rise in market share that helps in a rise in revenue of Sinopec.
Trends Impacting the Market
Now the question is which other regions China Petroleum & Chemical Corporation, Formosa Plastics Corporation and Westlake Chemical Corporation are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific chlor-alkali market and the market leaders targeting Japan and India to be their next revenue pockets for 2021.
The chlor-alkali market is becoming more competitive every year with companies such as China Petroleum & Chemical Corporation, Formosa Plastics Corporation and Westlake Chemical Corporation as they are the market leaders for chlor-alkali. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the chlor-alkali market.
For more analysis on the chlor-alkali market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-chlor-alkali-market
Chlor-Alkali Market Development
- In September 2020, Westlake Chemical Partners LP declared an updation in the operation of Westlake Chemical OpCo LP (“OpCo”) with its impact of Hurricane Laura. This will help to know the and access situation well that will increase the revenue of Westlake Chemical Corporation.
Scope of the Chlor-Alkali Market
Global chlor-alkali market is segmented on the basis of countries into Germany, U.K., Italy, France, Spain, Switzerland, Russia, Turkey, Belgium, Netherlands, Rest of Europe, U.S., Canada, Mexico, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Hong Kong, Taiwan, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel and Rest of Middle East and Africa.
- All country based analysis of chlor-alkali market is categorized into five notable segments which are type, product, production process, distribution channel and end-user. On the basis of type, the chlor-alkali market is segmented into caustic soda flakes, caustic soda lye and others. 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. On the basis of production process, the chlor-alkali market is segmented into membrane cell process, diaphragm cell process and mercury cell process. On the basis of distribution channel, the chlor-alkali market is segmented into B2B/ direct sales, warehouses, e-commerce, specialty stores and others. On the basis of end-user, the chlor-alkali market is segmented into soaps and detergents, paper and pulp, pharmaceuticals, organics, inorganics, textiles, water treatment, chemical processing and others.
To know more about the study https://www.databridgemarketresearch.com/reports/global-chlor-alkali-market
Key Pointers Covered in Chlor-alkali Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competiveness
- Value Chain Analysis
Key Market Competitors Covered in the Report
- Formosa Plastics Corporation
- Solvay
- Hanwha solutions
- INOVYN (Subsidiary of Ineos)
- Occidental Petroleum Corporation
- Olin Corporation
- Tosoh Corporation
- Tata Chemicals Ltd
- Covestro AG
- SABIC
- Kemira
- Kaustik Europe B. V.
- Euro Chlor
- SP Chemicals Holdings Ltd.
- Coogee
- Xinjiang Zhongtai Chemical Co., Ltd
- Ercros S.A
- China Petroleum & Chemical Corporation
- AGC Inc.
- Westlake Chemical Corporation
Above are the key players covered in the report, to know about more and exhaustive list of Chlor-alkali companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-chlor-alkali-market
Research Methodology: Global Chlor-alkali Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Water Treatment, soaps and detergents, paper and pulp, pharmaceuticals, textiles
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Related Reports
- Global Caustic Soda Market - Industry Trends and Forecast to 2026
- Global Chlorine Market - Industry Trends and Forecast to 2026
Browse in Chemical and Materials Category Related Reports@ https://www.databridgemarketresearch.com/report-category/chemical-and-materials
