Chlor-Alkali Market Trends and Innovations | Expert Review
Chlor-Alkali Market Overview The chlor-alkali industry refers to the production of chlorine, sodium hydroxide (caustic soda), and hydrogen by the electrolysis of brine (saltwater). This industry is important because these three chemicals are used in a wide range of applications, including the production of PVC (polyvinyl chloride) and other plastics, pulp and paper manufacturing, water treatment, and many others. The global Chlor-Alkali market size is estimated to be USD 63.2 billion in 2021 and is projected to reach USD 77.4 billion by 2026, at a CAGR of 4.1% between 2021 and 2026. As per the chlor-alkali market report by The Business Research Company, The growth of the chemical industry across the globe is expected to propel the growth of the chlor-alkali market going forward. In terms of trends, the chlor-alkali industry has been experiencing a shift towards more sustainable and environmentally friendly production methods. For example, there h...