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.
ODC Technology Overcomes Limitations of Hydrogen-producing Electrode for Saving Energy
High-energy consumption and increased CO2 emissions associated with the production processes of chlorine are some of the drawbacks that companies face in the chlor-alkali market. As such, the market is predicted to advance at a modest CAGR of 4% during the forecast period. Hence, groundbreaking innovations are helping overcome production related drawbacks in the market for chlor-alkali. For instance, recently, on April 3, 2020, manufacturer of high-tech polymer materials, Covestro, announced that its oxygen depolarized cathode (ODC) technology is gaining global recognition whilst providing energy savings and reduced CO2 emissions for the production of chlorine.
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