The North America chlor-alkali market is expected to reach USD 19.63 billion by 2024,
according to a new report by Grand View Research, Inc. The rapidly growing
chemical industry is projected to play a vital role in supporting demand. The
demand for chlor-alkali products indirectly depends on conditions in downstream
end-use industries. Increased use of chlorine based products in the day-to-day
items such as soaps & detergents, textiles, glass, etc. is expected to
drive the product demand over the forecast period. Chlorine is helpful in water
treatment and is also used to manufacture chlorinated paraffin wax.
Environmental impact in
the form of mercury emission is expected to emerge as a major restraint for the
market. Cutting down mercury as well as carbon emissions is expected to pose a
challenge to manufacturers. The extremely energy intensive manufacturing
process of the product is also assumed to hinder growth.
Key companies operating
in the industry focus on process innovation to develop new products that will
satisfy the demand of already existing large application base. The industry is
expected to witness a technological shift towards membrane cell technology.
Companies are expected
to invest in research activities to develop environmentally friendly and cost
efficient process. Companies will have to track energy prices in order to
implement suitable pricing policies to achieve competitive advantage.
Access Research Report of North America Chlor-alkali Market
@: www.grandviewresearch.com/industry-analysis/north-america-chlor-alkali-market
Further key findings from the report suggest:
· In terms of volume, chlorine occupied the
largest share in 2015 and is projected to grow at the highest CAGR over the
forecast period
· The glass industry is expected to emerge as
the largest as well as fastest growing application segment for soda ash
· Soda Ash has the ability to control furnace
temperature at levels necessary to melt silica, which makes it an essential
element in glass manufacturing industry
· In terms of volume, caustic soda product
segment is expected to grow at an estimated CAGR of 3.2% from 2016 to 2024
· Increasing R&D activities towards
development of new production processes is expected to create opportunities for
the companies operating in this region
· The industry is characterized by large
number of suppliers who are actively in engaged in manufacturing and supplying
a variety of chlor-alkali products to various end-use industries
· Key industry players include Olin
Corporation, Axiall Corporation, Solvay Chemicals, FMC Corporation, etc.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/organic-chemicals-and-compounds
Grand View Research has
segmented the North America chlor-alkali market on the basis of product and
region:
North America Chlor-alkali Product Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
Caustic Soda
o
Alumina
o
Inorganic Chemicals
o
Organic Chemicals
o
Food, Paper & Pulp
o
Soaps & Detergents
o
Textiles
o
Water Treatment
o
Steel/Metallurgy-Sintering
o
Other
·
Chlorine
o
EDC/PVC
o
Inorganic Chemicals
o
Organic Chemicals
o
Isocyanates
o
Chlorinated Intermediates
o
Propylene Oxide
o
Pulp & Paper
o
C1/C2, Aromatics
o
Water Treatment
o
Others
·
Soda Ash
o
Glass
o
Chemicals
o
Soaps & Detergents
o
Metallurgy
o
Water Treatment
o
Pulp & Paper
o
Others
North America Chlor-alkali Regional Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
U.S.
·
Canada
·
Mexico
Access Press Release of
North America Chlor-alkali Market@: www.grandviewresearch.com/press-release/north-america-chlor-alkali-market-analysis
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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