Chlor-alkali Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2019 - 2025
Chloralkali Market Overview: According to the International Trade Center (ITC), the global trade value of chlorine was estimated to be $180.543 million in 2018, and the value is observing a consistent growth of 1% (and 3% in volume) each year since 2014. [1] Chlorine is obtained by electrolysis of chloralkali, predominantly the electrolysis of sodium chloride solutions or brine. Thus, the augmented trade and demand for chlorine across the globe is significantly supporting the chloralkali market that was valued to be $91.126 billion as of 2018, and the application of Chloralkali in various industries is poised to witness a CAGR of 5.65% during the forecast period of 2019-2025. Request Sample The chemical industry is booming in countries of APAC such as India, China, Japan, and Korea. Furthermore, glass, alumina, vinyl, and water treatment sectors registered a growth in APAC, which is leading to an increased demand for chloralkali, due to its wide applications. The use of derivatives of