Chlor-Alkali Market to hit $82 Bn by 2032, Says Global Market Insights Inc.
Chlor-alkali industry size is predicted to register 10% CAGR between 2023 and 2032 driven by increasing demand chlor-alkali from wastewater management and water treatment sector.
Selbyville, Delaware , Aug. 21, 2023 (GLOBE NEWSWIRE) — Chlor-Alkali Market size is expected to reach around USD 82 billion by 2032, as per a
Emphasis of waste reduction in Europe to influence market expansion
Europe chlor-alkali market size is predicted to grow at a robust pace over the forecast period due to the stringent environmental regulations in the region and commitment to sustainability. European countries have been at the forefront of adopting and implementing regulations aimed at reducing the environmental impact of industrial processes, including chlor-alkali production. The region’s emphasis on reducing carbon emissions, minimizing waste generation, and phasing out harmful technologies has driven significant innovation in chlorine production methods and process technologies. The constant focus & funding for R&D to discover eco-friendly and socially responsible practices will shape the regional market outlook over 2023-2032.
The key players is the global chlor-alkali market are Occidental Petroleum Corporation, Westlake Chemical Corporation, Dow Inc., Tata Chemicals Limited, Wanhua-Borsodchem, Formosa Plastics Corporation, Solvay SA, Hanwha Solutions Corporation, Tosoh Corporation, Nirma Limited, AGC, Inc., Ciner Resources Corporation, Xinjiang Zhongtai Chemical Co., Ltd., and INOVYN. These companies are working on developing strategies like product launches, partnerships, mergers, and acquisitions to improve their market standing.
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