DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Chlor-Alkali Market: Trends Analysis & Forecasts to 2021" report to their offering.
The global chlor-alkali market is projected to growing at a CAGR between 5.0% and 5.5% from 2016 to 2022.
The consistent global demand for alumina, pulp and paper, vinyls and other derivatives provide positive growth opportunities for chlor-alkali market. Furthermore, heavy investments in alumina industry is expected to provide growth opportunities for chlor-alkali market, as caustic soda is a major raw material for alumina refining process.
The demand for chlorine is leading many chlor-alkali manufacturers to upgrade technology as well as manufacturing facilities to improve the production of allied products as well to have optimum output and it is expected to help in the growth of the market. Moreover, the growing demand from industries such as automobile, construction, food, paper, pulp and other industries are expected to drive the global chlor-alkali market.
Moreover, the demand for chlor-alkali products in inorganic and organic chemicals industries are expected to enhance the growth of the global chlor-alkali market during the forecast period. However, the emission of mercury and carbon during the manufacturing of chlor-alkali have environmental implications, which in turn is likely to restrain the growth in this market over the forecast period.
Replacing the older technology for production to overcome this issue is a major challenge for the players in the global chlor-alkali market during the forecast period. However, with several chlor-alkali manufacturers are adopting membrane cell technology, there is significant scope for reduction of environmental impact. This is expected to drive volume of the chlor-alkali market to grow during the forecast period.
The companies covered in the report include
- AkzoNobel NV
- Axiall Corporation
- Bayer Material Sciences Ag
- Hanwha Chemical Corporation
- Occidental Petroleum Corporation
- Solvay Chemicals
- Tata Chemicals Ltd
- The Dow Chemicals
- Tosoh Corporation
- Xinjiang Zhongtai Chemical Co.Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/lwwgnn/global