Caustic Soda, by Product acquired the largest market revenue share in the Iraq Chlor-Alkali Market – 6Wresearch.
Caustic Soda acquires the largest share in chlor-alkali market owing to the demand from varied industries. However, major demand for caustic soda comes from soap and detergents sector in Iraq. As the region has been undergoing rapid development in residential sector underpinned by fast urbanization in the country in recent years, caustic soda has successfully captured majority of the market in terms of revenues.
According to 6Wresearch, Iraq Chlor Alkali Market size is projected to grow at a CAGR of 4.5% during 2022-2028. The market is expected to continue a steady growth curve with Iraq’s growing tourism, residential sector, and industrial developments. The country’s growing treated water demand coupled with the issue of scarcity of potable water would make chlorine requisite in sustaining the countries potable water demand and hence would multiply chlorine market volume. Moreover, the industrial projects such as Anbar Industrial Zone, Baghdad Industrial Development project of 2020 and ‘Bdoor Baghdad’ would provide necessary impetus for the expansion of overall growth of chlor-alkali market of Iraq during the forecast period.
According to Parth Taneja, Research Associate, 6Wresearch, “It is advisable to establish chlor alkai plant in the vicinity of the soap and detergent cluster of the country, which is in south of Baghdad as it would enhance the plant’s distribution efficiency and would provide easy access to market caustic soda and capitalize on the soda ash opportunity via Anbar Industrial Zone”
According to Shivankar Guha, Research Analyst, 6Wresearch, “Iraq is facilitating local production of chlorine and had also been flexible to importing materials for chlorine compounds in recent years. Hence, Iraq’s water sector’s current landscape is extremely promising for the chlorine market.”
Major company in Iraq Chlor-Alkali market is Ishtar Company LLC, State Company for Petrochemical Industries, Petro Chemical Supplying Co., etc.
“Iraq Chlor-Alkali market (2022-28)” report provides an in-depth analysis with 18 figures and 4 tables, covered in 58 pages. The report comprehensively covers the market by product, production process, and application. Iraq Chlor-Alkali market report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
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