Cell and Gene Therapy Manufacturing Services Market Size, Share & Segment by Type (Gene Therapy Manufacturing, Cell Therapy Manufacturing), By Scale Type (Commercial Scale Manufacturing, Pre-Commercial Scale Manufacturing/ R&D), by mode type (in-house manufacturing, contract manufacturing), by workflow type (cell processing, fill and finish operations, vector production, analytical and quality testing, cell banking, Process, Raw Material Testing, Others) by Regions and Global Forecast 2022-2028
This press release was originally distributed by SBWire
Pune, Maharashtra – (SBWIRE) – 08/02/2022 – Market overview, definition and statistics
The term “chlor-alkali” describes the electrolysis of a solution of sodium chloride to produce chlorine and caustic soda. It is commonly used in the production of other sodium and chlorine derivatives or products, including hydrogen gas, sodium hypochlorite, hydrochloric acid, and chlorinated paraffin. Currently it has a wide range of applications in a wide range of end-use industries including chemicals, paper and pulp, pharmaceuticals, beauty and personal care. Due to the increased demand for goods produced by the chemical industry, chlor-alkali is widely used in this sector of the economy. Membrane cell and diaphragm cell procedures are the two main types of processes used in chlor-alkali.
According to the recent research report by SNS Insider, the chlor-alkali market is expected to reach USD 90.01 billion by 2028 growing at a CAGR of 6.5% over the forecast period 2022-2028.
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Drivers, constraints, opportunities and challenges
Leading companies in the market are encouraged to invest in research and development (R&D) operations and produce related products due to expanding modernization and rapid industrialization. Additionally, these companies are using membrane cell technology due to growing environmental concerns, which is improving the outlook for the chlor-alkali market. Additionally, there is a marked increase in the use of chlorine in healthcare facilities for a variety of purposes, including hyperchlorination of drinking water to prevent Legionella colonization, chlorination of distributed water systems used in hemodialysis centers, laundry disinfection, surface cleaning, local use to clean up blood spatter, medical waste decontamination prior to dental treatment and disposal.
The transition to an environmentally friendly production technique will have a positive impact on the market. Moreover, with increased demand, the industry is expected to grow even more. The main reason that hinders growth is the harmful effects of chlor-alkali products, especially chlorine. Chlorine is a powerful greenhouse gas that destroys the ozone layer. Technological developments in the manufacturing process support the expansion of the market.
Impact of the COVID-19 pandemic
Since it can be used to disinfect objects and surfaces, chlor-alkali is in demand due to the COVID-19 (coronavirus) pandemic as it helps stop the spread of disease. The global chlor-alkali market has been heavily impacted by the Covid 19. Market growth has been curtailed due to the poor performance of some end-use sectors.
By product type
1. Caustic soda
2. Soda Ash
By production process
1.Membrane cell process
2.Diaphragm cell process
3.Mercury cell process
1. Organic chemicals
2. Food Processing
3.Paper and pulp
5. Isocyanates and oxygenates
9. Soaps and detergents
According to the products, the chlorine sector dominates the market because it is widely used in many sectors. Industrial solvents, paints and dyes, pharmaceuticals, PVC plastics, insecticides and other products are all made with chlorine. Additionally, it is widely used in the paper and textile industries for bleaching purposes. It is also used in water treatment facilities.
The membrane component dominates in terms of process. This method is popular because it requires less energy to manufacture. In addition, this type of production unit requires a relatively low initial expense for its establishment.
The EDC/PVC sector dominates the chlor-alkali market in terms of application. Ethylene dichloride (EDC) is used as a raw material for the manufacture of polyvinyl chloride (PVC) materials. The most widely used plastic is PVC, which is used to make virtually everything from shoes to electrical and medical gadgets.
The highest CAGR is expected to be seen in the Asia-Pacific region throughout the projection period. This is mainly due to the increase in disposable income and the urbanization of these countries. The two countries with the fastest industrial growth are China and India. China is now the world’s largest producer and consumer of chlor-alkali products and dominates the chlor-alkali market.
Competitive Landscape Insights
Some of the major players present in the chlor-alkali market are Akzo Nobel NV, Olin Corporation, Tosoh Corporation, Tata Chemicals Ltd, Xinjiang Zhongtai Chemical Co. Ltd, Axiall Corporation, Bayer AG, and Tronox Limited.
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Head of business development and strategy
For more information on this press release, visit: http://www.sbwire.com/press-releases/chlor-alkali-market-research-report-will-reach-usd-9001-billion-by-2028 -with-healthy-cagr-65-cagr-for-the-forecast-period-2022-2028-1361608.htm