According to Stratistics MRC, the Global Chlor-Alkali Market is accounted for $88.95 billion in 2019 and is expected to reach $157.46 billion by 2027 growing at a CAGR of 7.4% during the forecast period. High growth in end-user segments and promising growth of the chemical industry in emerging markets are the major factors driving the market growth. However, the environmental impact is restraining market growth.
Chlor-alkali is a scientific procedure to manufacture chlorine, soda ash, caustic soda, and their derivatives. The procedure takes place through the electrolysis of saltwater. Some of the key players profiled in the Chlor-Alkali Market include Akzonobel N.V., Axiall Corporation, Bayer AG, Covestro AG, Formosa Plastics Corporation, Hanwha Chemical Corporation, Nirma Limited, Occidental Petroleum Corporation (OXY), Olin Corporation, Solvay SA, Tata Chemicals Limited, Tosoh Corporation, Tronox Limited and Xinjiang Zhongtai Chemical Co Ltd.
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Forms Covered:• Caustic Soda Lye• Caustic Soda Flakes
Processes Covered:• Diaphragm Cell Process• Membrane Cell Process• Mercury Cell Process
Products Covered:• Hydrogen • Sodium Hydroxide
Applications Covered:• Agrochemicals• Construction• Dyestuff• Hydrochloric Acid (HCL)• Sodium Hypochlorite• Caustic Soda• Chlorine• Soda Ash
Sales Channels Covered:• Manufacturer/Distributor/Service Provider• Aftermarket
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