Chlor-Alkali Market: Provides Wide Range for Industrial processes for producing chlorine, caustic soda, Growth By 2024

Globally, the chlor alkali market represents one of the largest chemical industries by value as well as volume. Chlor alkali is an industrial process for producing chlorine, caustic soda, and other sodium and chlorine based derivatives such as chlorinated paraffin, bleaching powder, hydrochloric acid, hydrogen gas, and sodium hypochlorite. Chorine is basic for the plastics industry, as EDC/PVC is used in a large number of plastics. EDC/PVC has been one of the largest applications of chlorine in recent years.

Other than this, isocyanate is expected to emerge as the fastest-growing application of chlorine in the coming years. The rising demand from the construction industry and the increasing demand for chemicals from the emerging economies are benefitting the chlorine and its allied industries.

View Exclusive Global Strategic Business Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1521

The report presents an in-depth analysis of market dynamics, growth trends, and competitive hierarchy that will impact the progression of the global chlor alkali market between 2016 and 2024. The report also reviews micro and macro factors essential for existing market players as well as new entrants for key decision making.

The report is a collective of facts and figures that presents developments in the global chlor alkali market in a chronological order. With the use of standard analytical tools such as SWOT analysis and Porter’s Five Forces analysis and, the report presents valuable insights into the changing competitive dynamics of the market.

Global Chlor Alkali Market: Drivers and Restraints

The global chlor alkali market is in growth mode due to several factors. The economic development in countries such as India and China is one of the major factors driving the global chlor alkali market. The development of large chemical industries to cater to the increasing demand for consumer goods and infrastructural development is indirectly benefitting the chlor alkali market in developing regions.

Browse The Full Article Here: http://www.transparencymarketresearch.com/chlor-alkali-market.html

The environmental implications of chlor alkali is posing a challenge to the growth of the chlor alkali market. Mercury and carbon emissions during chlor alkali have been concerns for the market. Moreover, chlor alkali process is highly energy intensive, which is hampering the growth of this market. The rapid economic development in Asia Pacific will present lucrative growth opportunities to this market. Also, technological improvements in chlor alkali resulting in less energy intensive and environmentally feasible process would benefit the market considerably.

Global Chlor Alkali Market: Market Segmentation

The global chlor alkali market is segmented in terms of product type and geography. The product segments of this market are chlorine gas, soda ash, and caustic soda. The product segments are further sub-segmented based on applications. The major applications of chlorine are polyvinyl chloride and organic chemicals, the major application of soda ash is in the glass industry, and the major application areas of caustic soda are organic/inorganic chemicals and paper industry.

Global Chlor Alkali Market: Regional Overview

The regional segments of the global chlor alkali market are North America, Europe, Asia Pacific, and Rest of the World. In 2012, Asia Pacific displayed the highest volume consumption of chlorine, caustic soda, and soda ash accounting for almost half the consumption of these chemicals globally. The region was followed by North America and Europe in terms of consumption of chemicals derived from chlor alkali.

Major Companies Mentioned in Report

Some of the leading players in the global chlor alkali market are Dow Chemicals, AkzoNobel NV, Solvay Chemicals, Bayer Material Sciences AG, and Tata Chemicals Ltd. among others.