China Petroleum & Chemical Corporation, Formosa Plastics Corporation and Westlake Chemical Corporation are Dominating the Chlor-Alkali Market in 2020

Global Chlor-Alkali Market is expected to grow with the CAGR of 6.0% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global chlor-alkali market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global chlor-alkali market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in October 2018, Westlake Chemical Partners LP announced At-The-Market program by entering into an Equity Distribution Agreement. This will increase the sales and revenue of Westlake Chemical Corporation.

China petroleum & chemical corporation market is the dominating player in the chlor-alkali market. The other key players existing in the market are Solvay, Formosa Plastics Corporation, Hanwha Solutions, INNOVYN (Subsidiary of Ineos), Occidental Petroleum Corporation, Olin Corporation, Xinjiang Zhongtai Chemical Co., Ltd , Ercros S.A, AGC Inc., Westlake Chemical Corporation, Tosoh Corporation, Tata Chemicals Ltd, Covestro AG, SABIC, Kemira, Kaustik Europe B. V., Euro Chlor, SP Chemicals Holdings Ltd and Coogee, among others.

Chlor-alkali Market

China Petroleum & Chemical Corporation

China Petroleum & Chemical Corporation., founded in 1998, headquartered Beijing, China , which is engaged in the manufacturing of of super large petroleum and petrochemical products that manage and maintaining the customers’ demands by manufacturing high quality products to the customers. The company offers various products such as lubricants, fuel card, service station, chemical sales CRM equipment and materials, refinery & chemical products, catalyst, asphalt, oil products and the market focused product is refinery & chemical products.

  • In January 2019, China Petroleum & Chemical Corporation (Sinopec) entered Indian market with its PIBSA that is been manufactured by SINOPEC Yangzi Petrochemical Company (YPC). This will help China Petroleum & Chemical Corporation expand its business market in international market with rise in sales and revenue of China Petroleum & Chemical Corporation.

The company has wide presence across China, Germany.

Formosa Plastics Corporation

Formosa Plastics Corporation., founded in 1978, headquartered in New Jersey, U.S. The company is engaged in production of the chemicals and plastics products for different industries. The company offers various products such chlor-alkali, dispersion (specialty) polyvinyl chloride, polyethylene, polypropylene, suspension polyvinyl chloride, olefins, FIC polyethylene among which chlor-alkali market focused segment.

  • Formosa Plastics Corporation has been certified with the ISO Certifications such as ISO 9001 Quality Management Systems as well as ISO 14001 Environmental Management System that will help in rise in customer base of the company and also enhance the goodwill of Formosa Plastics Corporation.

The company has wide presence in the U.S., Taiwan and China.

Westlake Chemical Corporation

Westlake Chemical Corporation was founded in 1986 headquartered in Texas, U.S. The company is engaged in manufacturing of strong building products to enhance the life of customers by serving high quality products that serves a range of industries. The company offers various products such as vinyls, olefins, polyethylene and the market focused product is vinyls.

  • In March 2019, Westlake Chemical Corporation announced a joining of an Alliance to End Plastic Waste (AEPW) for advanced solutions that will help in eliminating plastic waste from the environment. This increases the sales and revenue of Westlake Chemical Corporation

The company has wide presence in Asia, Europe and North America.