Chlor-Alkali Market Growth, Price Analysis, Share to 2027 | Global Research Report by Fortune Business Insights™

The global chlor-alkali market size is expected to reach USD 55.39 billion by 2027, exhibiting a CAGR of 2.9% during the forecast period. The growing shift from conventional production technologies to greener production technologies will have an outstanding effect on the global market, states Fortune Business Insights, in a report, titled “ Chlor-Alkali Market Size, Share & Industry Analysis, By Application (Chlorine {Water Treatment, Paper & Pulp, Inorganics, Intermediates, Organics, Vinyl, and Others} and Caustic Soda {Textile, Alumina, Soap & Detergents, Organics, Inorganics, Pulp & Paper, Water Treatment, and others}), and Regional Forecast, 2020-2027.” The market size stood at USD 49.87 billion in 2019. Market Driver: Significant Demand for Vinyl Polymers to Boost Market Growth The growing production of vinyl and polyvinyl chloride (PVC) through chlorine will bolster the healthy growth of the market. PVC is the world’s third-largest used polymer owing to its importance in the construction industry such as pipes, window frames, and other products. The booming construction industry in developing countries can spur opportunities for the market. Similarly, the increasing application of PVC in various end-use industries will further augment the growth of the market in the forthcoming years. For instance, in electrical applications, PVC tapes and cases are extensively used due to its unique set of properties. Moreover, the growing popularity of electric vehicles can consequently accelerate the consumption of PVC and chlorine, which, in turn, will aid the expansion of the market. Besides, the exceeding demand for chlor alkali products from end-use industries will promote market growth. Browse Complete Report Summary@ https://www.fortunebusinessinsights.com/industry-reports/chlor-alkali-market-101720 Disrupted Supply and Demand to Dampen Market amid Coronavirus The COVID-19 outbreak has negatively impacted the global market. The disruption caused by the virus has resulted in a shortage of laborers, disturbed transportation and logistics, and disrupted supply and demand. The reduced demand for chlor-alkali products particularly chlorine can significantly restrict the growth of the market amid COVID-19. The dropped revenue and losses were reported by key players in the first half of 2020. For instance, Olin Corporation, the world’s largest producer of Chlor-alkali, reported a loss of USD 80 million in Q1 2020 due to dipped sales prices and volume.

  • Avatar - Ashwini Bhamare
    Ashwini Bhamare
    Global Chlor-Alkali Market Size, Growth | Report [2020-2027]
    • Finance

    Global Chlor-Alkali Market Size, Growth | Report [2020-2027]

    fortunebusinessinsights.com

    The global chlor-alkali market size was USD 49.87 billion in 2019 and is projected to reach USD 55.39 billion by 2027, exhibiting a CAGR of 2.9% …