India Chlor Alkali Market to Reach USD4 Million Through 2019, says TechSci Research

Burnaby, Canada, November 06, 2014 --(PR.com)-- According to recently published TechSci Research report, “India Chlor Alkali Market Market Forecast & Opportunities, 2019,” the chlor alkali market in India is forecast to reach USD4 million by 2019. The market for chlor alkali chemicals in India is broadly classified into three segments, namely Caustic Soda, Chlorine and Soda Ash. Increasing investment in the alkali chemical industry in order to fulfill consistently rising demand is a major growth driver for the market. Major end user industries, such as textile, glass, alumina and soap & detergent are expected to witness increase in volume consumption of chlor alkali chemicals, which is expected to boost the India chlor alkali market in the next five 5 years. In 2013, the market witnessed a major decline in imports of chlor alkali chemicals, which is likely to counterbalance the harm caused by leniency in imposition of anti-dumping duties.

With increasing industrialization and upgradation of technology to process chlorine, manufacturers are setting up facilities to produce allied products in the most efficient manner. The Lords Chloro Alkalies Plant, which has been non-functional since 2012, is expected to be reopened in 2014, which is expected to play a significant role in increasing volume production of chlor alkali chemicals in India. Tata Chemicals Limited, among the second largest manufacturers of soda ash worldwide, is also strengthening its production facilities in order to reinforce its position in the India chlor alkali market. Almost all manufacturers in India are shifting focus toward producing chlor alkali chemicals using membrane cell technology to reduce harm to the environment.

“The alumina industry in India has witnessed significant investments in recent years, including the investment by Vedanta Group. Since, caustic soda serves as a major raw material in the refining process of alumina, growth in the alumina industry is expected to propel the demand for caustic soda in the coming years, thus benefiting the market for chlor alkali chemicals market in the long run,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Chlor Alkali Market Forecast & Opportunities, 2019” has evaluated the future growth potential of chlor alkali market in India and provided the statistics and information on market structure, industry behavior and trends. The report includes projections and demand forecasting for caustic soda, chlorine and soda ash segments. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in the chlor alkali market in India.