Market Overview:

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.

The occurrence of coronavirus has exerted enormous economic stress onto sectors in various countries. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

The report on the chlor-alkali market describes:

• Prominent understandings of the market
• Swot Analysis of the regions
• Latest market trends and developments
• Stellar insights into the competitive landscape
• COVID-19 impact

Market Driver:

Significant Demand for Vinyl Polymers to Boost Market Growth

The market for vinyl and polyvinyl chloride (PVC) is poised for robust growth, supported by increased production facilitated by chlorine. PVC's status as the world's third-largest polymer remains unaltered, driven by its indispensable role in the construction industry for applications such as pipes and window frames.

Furthermore, the flourishing construction sector in developing nations presents lucrative opportunities for market expansion. Similarly, the expanding utilization of PVC across various end-use industries is expected to further propel market growth in the coming years.

For instance, in electrical applications, PVC's unique properties make it the material of choice for tapes and cases. Additionally, the rising popularity of electric vehicles is anticipated to drive higher consumption of PVC and chlorine, thereby contributing to market expansion.

Moreover, the escalating demand for chlor alkali products across end-use industries will serve as an additional catalyst for market growth, underlining the continued relevance and significance of PVC and its derivatives in various sectors.

Source: 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.

Regional Analysis: