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Join date: Dec 13, 2021
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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. The rising demand for organic and inorganic chemicals and increasing manufacturing sector output is leading to the growth of the APAC chlor-alkali market. Moreover, increasing investments for the expansion of production facilities in China, India, and ASEAN countries are expected to, in turn, drive demand in the chlor-alkali market. To mitigate the impact, several chemical companies in North America and Europe are channelling focus on operational efficiency, cost management, and asset optimization.