세계의 염소 알칼리 시장 : 유형별(가성소다, 염소, 소다회, 기타), 지역별 시장 규모 및 동향, 코로나19의 영향에 따른 예측 분석(-2028년)

The global chlor alkali market was valued at US$76.21 billion in 2022. The market value is expected to reach US$103.07 billion by 2028. The chlor-alkali process is an industrial process that splits salt (NaCl, also called sodium chloride) and water (H2O) into chlorine (Cl2), caustic soda (NaOH, also called sodium hydroxide), and hydrogen (H2). Chlorine and caustic soda are commodity chemicals used in many applications.

The chlor-alkali industry is constantly developing new applications for its products. For instance, chlor-alkali products are used in the production of solar panels, which are becoming increasingly popular as a source of renewable energy. The combination of increasing demand from various industries, the need for clean water treatment solutions, sustainable practices, and the expansion of emerging economies along with technological innovations is expected to contribute to the growth of the chlor alkali market. The market is expected to grow at a CAGR of approx. 5% during the forecasted period of 2023-2028.

Market Segmentation Analysis:

By Type: The report provides the bifurcation of the market into four types: Caustic Soda, Chlorine, Soda Ash, and Others. Caustic soda held the highest share of the market. Also, it is expected to be the fastest-growing segment in the forecasted period. Caustic soda is a versatile chemical used in the production of various other chemicals, such as dyes, pigments, pharmaceuticals, plastics, and solvents. The growth of chemical manufacturing industries across the globe has a positive impacton the caustic soda market, driving the demand for chlor alkali products. Chlorine is widely used for water treatment and disinfection purposes. It effectively kills bacteria, viruses, and other microorganisms, making it essential for ensuring safe drinking water and maintaining sanitary conditions in swimming pools, wastewater treatment plants, and industrial water systems. As the demand for clean and safe water increases globally, the demand for chlorine grows.

By Region: The report provides insight into the chlor alkali market based on the regions namely, Asia Pacific, North America, Europe, and the Rest of the World. Asia Pacific held the major share of the market in 2022. Like so many other chemical products, caustic soda is also dominated by China - in both supply and demand. The northeast Asian region (China) is a net exporter of caustic soda to Australia, Southeast Asia, and the US West Coast. China has the largest caustic soda production capacity in the world, accounting for almost half of global capacity. Thus, the increasing production capacity of caustic soda contributes to the growth of the overall chlor alkali market in China.

The US has experienced a significant increase in shale gas production in recent years. Chlor alkali production heavily relies on chlorine, which is derived from the electrolysis of salt (sodium chloride). The availability of low-cost and abundant chlorine feedstock derived from shale gas has positively impacted the chlor alkali market, making it more cost-competitive and supporting its growth.

Germany has some of the strictest environmental regulations in the world. This has led to an increased demand for green technologies in the chlor alkali industry, as companies look to reduce their environmental impact. Also, the German government offers a number of economic incentives for companies that adopt green technologies. This includes tax breaks, grants, and loans.

Market Dynamics:

Growth Drivers: The global chlor alkali market growth is predicted to be supported by numerous growth drivers such as increasing chlorine production, rising demand for alumina, growing pharmaceutical industry, rapid urbanization, growing water treatment market, escalating paper and pulp market, and many other factors. Alumina refining requires the use of caustic soda as a key chemical reagent. Caustic soda is used to dissolve impurities and separate the desired alumina content from bauxite ore. As alumina production increases, the demand for caustic soda in the refining process also rises. This increased demand for caustic soda supports the growth of the chlor-alkali market.

Challenges: However, the market growth would be negatively impacted by various challenges such as stringent environmental regulations, shift towards sustainable practices from traditional chlor alkali processes, etc.

Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as growing demand for green chlor alkali products, technological advancements, expanding product diversification and value-added solutions, increasing demand for polyvinyl chloride (PVC), etc. The demand for green chlor alkali products drives market expansion as industries and consumers increasingly prioritize sustainable sourcing and production methods. This demand creates new market opportunities for chlor alkali manufacturers who can provide environmentally friendly and responsibly produced products. It opens up avenues for growth, especially in sectors where sustainability considerations play a significant role, such as water treatment, food processing, and renewable energy industries.

Impact Analysis of COVID-19 and Way Forward:

COVID-19 had negatively affected the growth of the global chlor alkali market in the initial period of 2020, but as the restrictions eased, the market growth rates came back to the trajectory. The pandemic has led to a decline in demand for many of the products that use chlor-alkali, such as polyvinyl chloride (PVC), paper, and textiles. This has led to a decrease in the production and sales of chlor-alkali. In addition, the pandemic has disrupted supply chains, making it more difficult and expensive to obtain the raw materials needed to produce chlor-alkali. This has also contributed to the decline in the market. The market is expected to recover as the global economy recovers from the pandemic, and chlor-alkali producers are investing in new technologies and sustainability initiatives.

Competitive Landscape:

The global chlor alkali market is highly competitive and fragmented, with several key players operating on a global scale. The key players in the global chlor alkali market are:

Solvay SA

The Dow Chemical Company

Olin Corporation

Occidental Petroleum Corporation

Tata Chemicals Limited

Hanwha Chemical Group

Tosoh Corporation

Westlake Corporation

SABIC

The AGC Group

Ineos Group (Inovyn)

Formosa Plastics Corp.

Occidental Petroleum, through the company's subsidiary OxyChem, is a significant player in the chlor alkali market. The company produces chlorine, caustic soda, and other related chemicals for various industries, including water treatment, pulp and paper, and chemical manufacturing. On the other hand, Olin Corporation is another major player in the global chlor alkali market. The company produces chlorine, caustic soda, bleach, and other chlor alkali products. Olin serves various industries, including chemicals, textiles, and water treatment. Some of the strategies among key players in the market are mergers, acquisitions, and collaborations.

Table of Contents

1. Executive Summary

2. Introduction

• 2.1 Chlor Alkali: An Overview
  • 2.1.1 Introduction to Chlor Alkali
  • 2.1.2 Types of Chlor Alkali Processes
• 2.2 Chlor Alkali Segmentation: An Overview
  • 2.2.1 Chlor Alkali Segmentation

3. Global Market Analysis

• 3.1 Global Chlor Alkali Market: An Analysis
  • 3.1.1 Global Chlor Alkali Market: An Overview
  • 3.1.2 Global Chlor Alkali Market by Value
  • 3.1.3 Global Chlor Alkali Market by Type (Caustic Soda, Chlorine, Soda Ash, and Others)
  • 3.1.4 Global Chlor Alkali Market by Region (North America, Europe, Asia Pacific, and Rest of the World)
• 3.2 Global Chlor Alkali Market: Type Analysis
  • 3.2.1 Global Chlor Alkali Market by Type: An Overview
  • 3.2.2 Global Caustic Soda Chlor Alkali Market by Value
  • 3.2.3 Global Chlorine Chlor Alkali Market by Value
  • 3.2.4 Global Chlorine Chlor Alkali Market by End-Use (EDC/PVC, C1/C2 & Aromatics, Chemical Inorganics, Water Treatment, Chlorinated Intermediates, Propylene Oxide, Isocyanate, Pulp and Paper, Chemical Organics, and Others)
  • 3.2.5 Global Chlorine Chlor Alkali Market by Technologies (Membrane, Diaphragm, Mercury, and Others)
  • 3.2.6 Global Soda Ash Chlor Alkali Market by Value
  • 3.2.7 Global Others Chlor Alkali Market by Value

4. Regional Market Analysis

• 4.1 Asia Pacific Chlor Alkali Market: An Analysis
  • 4.1.1 Asia Pacific Chlor Alkali Market: An Overview
  • 4.1.2 Asia Pacific Chlor Alkali Market by Value
  • 4.1.3 Asia Pacific Chlor Alkali Market by Type (Caustic Soda, Chlorine, Soda Ash, and Others)
  • 4.1.4 Asia Pacific Chlor Alkali Market Type by Value
  • 4.1.5 Asia Pacific Chlor Alkali Market by Region (China, Japan, India, and Rest of the Asia Pacific)
  • 4.1.6 China Chlor Alkali Market by Value
  • 4.1.7 Japan Chlor Alkali Market by Value
  • 4.1.8 India Chlor Alkali Market by Value
  • 4.1.9 Rest of Asia Pacific Chlor Alkali Market by Value
• 4.2 North America Chlor Alkali Market: An Analysis
  • 4.2.1 North America Chlor Alkali Market: An Overview
  • 4.2.2 North America Chlor Alkali Market by Value
  • 4.2.3 North America Chlor Alkali Market by Type (Caustic Soda, Chlorine, Soda Ash, and Others)
  • 4.2.4 North America Chlor Alkali Market Type by Value
  • 4.2.5 North America Chlor Alkali Market by Region (The US, Canada, and Mexico)
  • 4.2.6 The US Chlor Alkali Market by Value
  • 4.2.7 Canada Chlor Alkali Market by Value
  • 4.2.8 Mexico Chlor Alkali Market by Value
• 4.3 Europe Chlor Alkali Market: An Analysis
  • 4.3.1 Europe Chlor Alkali Market: An Overview
  • 4.3.2 Europe Chlor Alkali Market by Value
  • 4.3.3 Europe Chlor Alkali Market by Type (Caustic Soda, Chlorine, Soda Ash, and Others)
  • 4.3.4 Europe Chlor Alkali Market Type by Value
  • 4.3.5 Europe Chlor Alkali Market by Region (Germany, The UK, France, Italy, Spain, and Rest of the Europe)
  • 4.3.6 Germany Chlor Alkali Market by Value
  • 4.3.7 The UK Chlor Alkali Market by Value
  • 4.3.8 France Chlor Alkali Market by Value
  • 4.3.9 Italy Chlor Alkali Market by Value
  • 4.3.10 Spain Chlor Alkali Market by Value
  • 4.3.11 Rest of Europe Chlor Alkali Market by Value
• 4.4 Rest of World Chlor Alkali Market: An Analysis
  • 4.4.1 Rest of World Chlor Alkali Market: An Overview
  • 4.4.2 Rest of World Chlor Alkali Market by Value

5. Impact of COVID-19

• 5.1 Impact of COVID-19 on Global Chlor Alkali Market
• 5.2 Post COVID-19 Impact on Global Chlor Alkali Market

6. Market Dynamics

• 6.1 Growth Drivers
  • 6.1.1 Increasing Chlorine Production
  • 6.1.2 Rising Demand For Alumina
  • 6.1.3 Growing Pharmaceutical Industry
  • 6.1.4 Rapid Urbanization
  • 6.1.5 Growing Water Treatment Market
  • 6.1.6 Escalating Paper and Pulp Market
• 6.2 Challenges
  • 6.2.1 Stringent Environmental Regulations
  • 6.2.2 Shift Towards Sustainable Practices from Traditional Chlor Alkali Processes
• 6.3 Market Trends
  • 6.3.1 Growing Demand for Green Chlor Alkali Products
  • 6.3.2 Technological Advancements
  • 6.3.3 Expanding Product Diversification and Value-added Solutions
  • 6.3.4 Increasing Demand for Polyvinyl Chloride (PVC)

7. Competitive Landscape

• 7.1 Global Chlor Alkali Market Players: Product Comparison

8. Company Profiles

• 8.1 Solvay SA
  • 8.1.1 Business Overview
  • 8.1.2 Operating Segment
  • 8.1.3 Business Strategies
• 8.2 The Dow Chemical Company
  • 8.2.1 Business Overview
  • 8.2.2 Operating Segments
  • 8.2.3 Business Strategy
• 8.3 Olin Corporation
  • 8.3.1 Business Overview
  • 8.3.2 Operating Segments
  • 8.3.3 Business Strategy
• 8.4 Occidental Petroleum Corporation
  • 8.4.1 Business Overview
  • 8.4.2 Operating Segments
  • 8.4.3 Business Strategy
• 8.5 Tata Chemicals Limited
  • 8.5.1 Business Overview
  • 8.5.2 Operating Segments
  • 8.5.3 Business Strategy
• 8.6 Hanwha Chemical Group
  • 8.6.1 Business Overview
  • 8.6.2 Operating Business
  • 8.6.3 Business Strategy
• 8.7 Tosoh Corporation
  • 8.7.1 Business Overview
  • 8.7.2 Operating Segments
  • 8.7.3 Business Strategy
• 8.8 Westlake Corporation
  • 8.8.1 Business Overview
  • 8.8.2 Operating Segments
  • 8.8.3 Business Strategy
• 8.9 SABIC
  • 8.9.1 Business Overview
  • 8.9.2 Operating Segments
  • 8.9.3 Business Strategy
• 8.10 The AGC Group
  • 8.10.1 Business Overview
  • 8.10.2 Operating Segment
  • 8.10.3 Business Strategy
• 8.11 Ineos Group (Inovyn)
  • 8.11.1 Business Overview
  • 8.11.2 Operating Segment
  • 8.11.3 Business Strategy
• 8.12 Formosa Plastics Corp
  • 8.12.1 Business Overview
  • 8.12.2 Business Strategy