The global chlor-alkali market is expected to post a CAGR of close to 4% during the period 2018-2022, according to the latest market research report by Technavio.
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Technavio has published a new market research report on the global chlor-alkali market from 2018-2022. (Photo: Business Wire)
A key factor driving the growth of the global chlor-alkali market is the increasing demand from water and wastewater treatment industry. Several applications of chlorine, including disinfection, removal of ammonia, color reduction, hydrogen sulfide oxidation, control of micro-organism, control of taste and odor, hydrogen sulfide oxidation, iron and manganese oxidation, ensure that the demand for chlorine and caustic soda is high in the wastewater treatment industry. The demand for other chlorine-based chemicals, will be supported by the rising use of equipment, such as membrane systems, which require pre-treatment of water with chemicals to maintain efficiency and prevent damage.
As per Technavio, the increasing demand for green construction will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global chlor-alkali market 2018-2022 research report also analyzes other important trends and market drivers that will affect market growth over 2018-2022.
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Global chlor-alkali market: Increasing demand for green construction
Construction companies are increasingly investing in various energy-efficient techniques and solutions to address the rising energy costs without compromising on the quality of the services provided. The construction industry is actively embracing green systems that increase efficiency, promote a healthy and productive environment, as well as reduce environmental impact. The consistent flow of investments in green technology is attributed to the financial benefits gained through such buildings and low-energy costs. This is expected to have a positive impact on the global glass and soda ash markets, which will positively affect the global chlor-alkali market.
“The key raw materials for the chlor-alkali process are electricity, salt, and ethylene. Salt production in APAC is expected to rise at the fastest rate, driven by the output gains in India, China, and other APAC countries. Thus, the availability of salt is expected to fuel the growth in the global chlor-alkali market during the forecast period,” says a senior analyst at Technavio.
Global chlor-alkali market: Segmentation analysis
This market research report segments the global chlor-alkali market by product (caustic soda, chlorine, and soda ash), and geographical regions (APAC, EMEA, and the Americas).
The APAC region led the market in 2017, followed by EMEA and the Americas respectively. The APAC region will continue to dominate the market with the highest incremental growth during the forecast period.
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Market Sizing
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Five Forces Analysis
Market Segmentation
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