China's Chlor-Alkali Industry: Current Status and Development Prospects Forecast Report (2024–2030)

Figure 15: Top 10 Global Chlor-Alkali Industry Applicants by Number of Applications (as of 2023) (Unit: items) Figure 16: Top 10 Global Chlor-Alkali Industry Technologies by Number of Applications (as of 2023) (Unit: items, %) Figure 17: Global Chlor-Alkali Industry Market Size Trend (2021–2023) (Unit: billion CNY, %) Figure 18: Analysis of Global Chlor-Alkali Industry Submarkets (2023) (Unit: %) Figure 19: Regional Development Pattern of the Global Chlor-Alkali Industry (2023) (Unit: %) Figure 20: U.S. Plastic Resin Industry Revenue Scale (2019–2023) (Unit: billion USD) Figure 21: North American Chlor-Alkali Industry Market Size Trend (2021–2023) (Unit: billion CNY) Figure 22: Forecast of Output Growth Rates for Key U.S. Chemical Products (2023) (Unit: %) Figure 23: Forecast of Output Growth Rates for U.S. Chemical Products (2023–2024) (Unit: billion USD) Figure 24: North American Chlor-Alkali Industry Market Size Trend (2023–2028) (Unit: billion CNY) Figure 25: U.S. Chlorine Production Volume Trend (2019–2023) (Unit: ten thousand tons) Figure 26: European Caustic Soda Inventory Trend (2021–2023) (Unit: ten thousand tons) Figure 27: European Chlor-Alkali Industry Market Size Trend (2021–2023) (Unit: billion CNY) Figure 28: European Chlor-Alkali Industry Market Size Trend (2023–2028) (Unit: billion CNY) Figure 29: Japanese Ethylene Production Volume (2018–2023) (Unit: ten thousand tons) Figure 30: Asia-Pacific Chlor-Alkali Industry Market Size Trend (2021–2023) (Unit: billion CNY) Figure 31: Asia-Pacific Chlor-Alkali Industry Market Size Trend (2023–2028) (Unit: billion CNY) Figure 32: Competitive Landscape of the Global Chlor-Alkali Industry Figure 33: Global Polyvinyl Chloride (PVC) Market Competition Structure by Capacity (2023) (Unit: ten thousand tons/year) Figure 34: Global Caustic Soda Market Competition Structure by Capacity (2023) (Unit: ten thousand tons/year) Figure 35: Summary of Major M&A Events Among Global Chlor-Alkali Enterprises (as of 2023) Figure 36: Corporate Development History of Olin Corporation (USA) Figure 37: Operational Performance of Olin Corporation (OLN), USA (2018–2023) (Unit: billion USD) Figure 38: Chlor-Alkali Business Layout of Olin Corporation (OLN), USA Figure 39: Domestic Sales Network Layout of Olin Corporation (OLN)’s Chlor-Alkali Business in the USA Figure 40: Caustic Soda Production Capacity of Olin Corporation (OLN), USA (2023) (Unit: ten thousand tons/year) Figure 41: Olin Corporation (OLN)’s Business Presence in China Figure 42: Corporate Development History of Tosoh Corporation (Japan) Figure 43: Operational Performance of Tosoh Corporation, Japan (Fiscal Years 2019–2022) (Unit: hundred million JPY) Figure 44: Tosoh Corporation’s Chlor-Alkali Business Figure 45: Tosoh Corporation’s Chlor-Alkali Business Sales Network Figure 46: Caustic Soda Production Capacity of Tosoh Corporation, Japan (2023) (Unit: ten thousand tons/year) Figure 47: Tosoh Corporation’s Business Presence in China (2023) Figure 48: Corporate Development History of Inoveyn (UK)

Otis’ Q3 Report Shows an Anomaly: Retrofit Business Surges 20%, Yet Profit Margins Decline

Over the past few days, quarterly reports from several major global elevator manufacturers have been released—most showing solid performance. As the industry leader, Otis released its latest Q3 results on October 28. On the surface, the report looks quite strong: Q3 revenue rose 6%, service revenue grew 8%, and retrofit revenue surged 20%. But a closer look reveals greater complexity. Otis’ Q3 net sales totaled $3.914 billion, up 6% year-on-year—both revenue and earnings exceeded market expectations. However, adjusted operating margin declined to 16% from 17.1% a year earlier. This contradiction is precisely what investors focused on most when reviewing the report: business volume increased, yet profitability did not rise proportionally. The decline in margins naturally pressured the market, causing Otis’ stock price to dip shortly after the earnings announcement. Investors’ concern was not whether growth occurred—but rather how much profit that growth ultimately delivered. A closer examination shows that the service business remains the key pillar supporting these results. In Q3, Otis’ service revenue reached $2.616 billion, up 8% year-on-year. Within this, maintenance and repair services grew organically by 4%, while modernization retrofit services grew organically by 20%. New retrofit orders rose 10% year-on-year, and the retrofit order backlog increased 20%. Clearly, the retrofit business remains exceptionally robust—not only delivering strong revenue growth in the quarter, but also generating rising future delivery commitments. Otis has long emphasized strengthening its service capabilities; this time, management highlighted further investments in on-site service capacity and the use of artificial intelligence to improve pricing. AI-powered pricing does not mean simply automating customer quotations—it means leveraging data to help the company assess pricing more precisely across different customers and service offerings, thereby reducing pricing arbitrariness. However, growth in the service business does not automatically translate into restored profitability. Otis’ service business operating margin stood at 24.2%—up one percentage point from Q2, yet still 1.3 percentage points lower than the prior-year period. Rising labor costs, shifts in business mix, and continued investment in service capability are all weighing on margins.

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Olin Corporation reported third-quarter earnings that fell short of analyst expectations, posting an EPS of $0.13 against a forecast of $0.15. Revenue also declined to $1.75 billion, missing the consensus estimate of $1.83 billion.

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