Top 25 manufacturers in Chlor Alkali Market
Prof Research published a new report on Chlor Alkali Market. It presents the largest 25 manufacturers in Chlor Alkali Market. The report is a professional and in-depth study of the current state of the global Chlor Alkali market. The report provides key statistics on the market of Chlor Alkali. This report covers 1 product: Chlor Alkali. It is a valuable source of guidance and direction for companies and individuals interested in the Chlor Alkali industry.
The global Chlor Alkali market was valued to be 68,507 million USD in 2021. The Chlor Alkali production value is anticipated to have growth with a CAGR of 2.22% in the coming years to reach 78,137 million USD in 2027.
The Chlor Alkali market is experiencing several trends, including:
1. Increasing demand for caustic soda, particularly in the paper and pulp industries, due to the growing e-commerce market and increasing demand for packaging materials.
2. Rising demand for chlorine, especially for water treatment applications, due to growing concerns about water quality and the need for effective disinfectants.
3. Growing adoption of environmentally friendly production methods, including the use of membrane cell technology, which reduces energy consumption and greenhouse gas emissions.
4. Increasing consolidation in the industry, with larger companies acquiring smaller ones to expand their product portfolios and geographic reach.
5. Growing focus on the development of new applications for chlor alkali products, including in the pharmaceutical and personal care industries.
Olin is the largest manufacturer of Chlor Alkali in the world, and it has a market share of 6.0% in value. It has three business segments: Chlor Alkali Products and Vinyls, Epoxy, and Winchester.
Occidental Petroleum is the second largest manufacturer of Chlor Alkali in the world, and it has a market share of 4.2% in value. It has three business segments: Performance Materials segment, Solutions & Specialties segment and Others segment.
Westlake Chemical is the third largest manufacturer of Chlor Alkali in the world, and it has a market share of 4.2% in value. It has two business segments: Westlake Performance & Essential Materials and Westlake Housing & Infrastructure.
Tosoh is the fourth largest manufacturer of Chlor Alkali in the world, and it has a market share of 2.9% in value. The Company operates in four business segments: the Petrochemicals segment, the Chlor-alkali segment, the Functional Products segment, and the Engineering segment.