The Worldwide Chlor-Alkali Industry is Expected to Reach $77.4 Billion by 2026 - ResearchAndMarkets.com
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 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.
- Vinyl chloride monomer, along with anhydrous hydrochloric acid, is produced by the decomposition of ethylene dichloride at high temperatures.
- This vinyl chloride monomer is fed into polymerization reactors, wherein the polymerization reaction takes place to provide polyvinyl chloride (PVC).
- The PVC industry finds major applications in the construction, electronics, healthcare, automotive, packaging, and other end-use industries.