Chlor-Alkali Market Analysis By Industry Size, And Share, Manufacturers, Demand Forecast 2025
Global chlor-alkali market is projected to grow at a CAGR of 5.6% during 2021-2025, reaching nearly $ 104 billion by 2025, primarily driven by extensive growth in end user industries and existing production facilities. However, energy-intensive operations as well as the adverse effects of chlor-alkali on the environment are anticipated to hamper market growth in coming years. Market for chlor-alkali has been segmented into form, technology, product type, application and region. Based on form, the market has been categorized into caustic soda flakes and caustic soda lye, while based on technology, the market has been segmented into membrane cell and mercury. In terms of product type, the market has been bifurcated into chlorine, caustic soda, soda ash, HCl, hydrogen and others. Among all the applications of chlorine, EDC/PVC accounts for the largest market share, while isocyanate is the fastest-growing application of chlorine and is anticipated to continue being the fastest-growing app...