Demand for Disinfection Solutions Spikes Due to COVID-19 Pandemic
Unlike other markets, COVID-19 (coronavirus) is anticipated to bring positive news for companies operating in the chlor-alkali market. This is due to an unprecedented demand for disinfectant chemicals and spray bottles that help to sanitize surfaces and objects and help to break the chain of the infection. India is one of the key producers of alkali chemicals such as chlorine, bleaching solutions, and sodium hypochlorite that are extensively used in disinfection solutions.
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As per the guidelines issued by the Alkali Manufacturers Association of India (AMAI), companies in the chlor-alkali market are increasing awareness about the cautious measures that individuals must follow to avoid any harmful reactions on the skin. Manufacturers are recommending dilution of disinfection chemicals before using them for sanitization of surfaces and objects that are contaminated or infected.
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Individual Packaging Solutions for Caustic Soda Boost Growth of Chlor-alkali Market
There is a growing demand for caustic soda with free flowing properties and possesses high resistance to abrasion. Hence, companies in the chlor-alkali market are making improvements in their production techniques to meet end user demands. For instance, Nouryon— a specialty chemicals supplier, manufactures caustic soda at its membrane electrolysis plant in Frankfurt to meet high quality standards of end users in Western Europe. Such innovations are contributing toward the exponential growth in revenue of caustic soda in the chlor-alkali market.
Companies in the market for chlor-alkali are increasing their efficacy in tailor-made packaging solutions to meet sudden and urgent supply demands of clients. Such services help manufacturers to boost their credibility credentials, as customers need not suffer any losses in their production volume. As such, manufacturers are broadening their revenue streams in biodiesel and surfactants production.
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The ODC technology is being highly publicized for drastically reducing CO2 emissions during chlorine production. As such, chlorine is anticipated to dictate the second-highest revenue among all products in the market for chlor-alkali. The ODC process is replacing the conventional procedure of hydrogen-producing electrode to suppress the formation of hydrogen, leaving behind application-ready chlorine and caustic soda in the market for chlor-alkali.
Capacity Additions in India to Boost Aluminum Production
Asia Pacific dominates the highest revenue among all regions and the region’s revenue is projected for aggressive growth in the chlor-alkali market. This is evident since companies in India are entering into strategic agreements to tap into value-grab opportunities. For instance, Grasim Industries of leading multinational conglomerate, Aditya Birla Group, announced to acquire the chlor-alkali business of KPR Industries in Andhra Pradesh to deploy expansion plans for aluminum in the state. Currently, the chlor-alkali market is valued at ~US$ 73 billion and is estimated to reach ~US$ 100 Bn by the end of 2030.
Manufacturers in the market for chlor-alkali are increasing efforts to increase their production capabilities in caustic soda to tap opportunities in India’s aluminum sector. As such, companies are strengthening their operations in the East Coast of India. Such strategies to strengthen operations are leading to capacity additions for caustic soda, which is extensively used in the production of aluminum. Manufacturers are unlocking incremental opportunities by exploring sectors of water treatment, viscose staple fiber, pharmaceuticals, and the likes.
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