Iraq Chlor Alkali Market (2022-2028) | Analysis, Growth, Industry, Outlook, Trends, Value, Revenue, Forecast, Size, Share, Segmentation & COVID-19 IMPACT

The Iraq Chlor Alkali Market Report comprehensively covers the market by product, production process, and application. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future marketdynamics.

Iraq Chlor Alkali Market Synopsis

The Chlor Alkali market has been growing steadily in Iraq since 2017, however, the market was not growing at its full potential due to restraining factor of the country’s uncertain industrial sector. The increase in market size is on the back of urbanization, increasing population, development of hospitality sector and entertainment sector in the country. However, The market witnessed a negative demand shock in 2018 due the COVID-19 outbreak as the domestic and international tourism was stopped and subsequent halt in construction activities resulted in plunge in industrial sector by 15% and 1.1% for two consecutive years of 2018 and 2021. Thus, all the factors that contribute to the demand side of chlor alkali products went downside. Thus, the market revenues reached their lowest point in recent years in 2018.

According to 6Wresearch, Iraq Chlor Alkali market size is projected to grow at CAGR of 4.5% during 2022-2028. Iraq Chlor Alkali market is in its growth phase and the industry would be witnessing fair growth in coming years on account of the country’s untapped industrial sector which is expected to grow steadily as the economic and political stability in the region persists. Moreover, the migration towards urban cities for employment opportunities and the country’s massive tourism potential would augment the development in country’s water sector and would drive fast moving consumer goods industry to sustain the growing population and residential sector. Furthermore, as the tourism expenditure and footfall is increasing in the country underpinned by the urbanization rate and government initiatives such as ‘Bdoor Baghdad’ initiative in 2018, caustic soda and chlorine market revenues are expected to rise. The country is also developing and enhancing its water management capacities and reducing its import dependency for chlorine by initiating local manufacturing through the state-owned entity, coupled with the government’s resilience on pushing the economy towards tourism led growth would increase the chlorinated water demand in the country to serve domestic and international travellers and hence, would multiply chlorine’s demand in terms of volume.

Market by Product

Caustic Soda would witness the fastest growth and would have the most revenue generation potential in the market on account of the huge market of soaps and detergents due to the rising urban lifestyle and increasing rate of domestic and international tourism in the country. Furthermore, it also enjoys demand from the country’s oil sector for refining crude oil, thereby, country’s huge dependency on oil sector and growing soaps and detergents market would propel revenues for caustic soda. In addition to it, Iraq’s efforts in infrastructure projects such as Dhifaf Karbala Project and the New Karbala city would have a positive impact over the soda ash revenues for glass products.

Market by Production Process

Membrane cell method of chlor-alkali process prevails in today’s market scenario as it produces the high-quality caustic soda (sodium hydroxide) with low salt content. It increases machine life in the manufacturing plants of end users. 

Furthermore, diaphragm-based process is the second highly used method, however, the environmental factor would restrain its market growth in the country due to the use of asbestos.

 

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• Historical Data Starting from 2018 to 2028.
• Base Year: 2021
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.

Key Highlights of the Report

• Iraq Chlor Alkali Market Overview
• Iraq Chlor Alkali Market Outlook
• Iraq Chlor Alkali Market Forecast
• Historical Data and Forecast of Iraq Chlor Alkali Market Revenues for the Period 2018-2028F
• Historical Data and Forecast of Iraq Chlor Alkali Market Revenues, By Product, for the Period 2018-2028F
• Historical Data and Forecast of Iraq Chlor Alkali Market Revenues, By Production Process, for the Period 2018-2028F
• Historical Data and Forecast of Iraq Chlor Alkali Market Revenues, By Application, for the Period 2018-2028F
• Market Drivers and Restraints
• Iraq Chlor Alkali Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Iraq Chlor Alkali Market Revenue Share/Ranking, By Companies
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Products

• Caustic Soda
• Chlorine
• Soda Ash

By Applications

• Membrane Cell
• Diaphragm Cell
• Other Production

By Applications

• Pulp and Paper
• Soap and Detergent
• Textile
• Water Treatment
• Glass
• Others