Sunday, 14 April 2024
Wednesday, 09 Aug 2023 12:00 am

Chlorine Market is expected to reach US$ 26,777.66 million by 2030

The Global Chlorine Market size is projected to grow from USD 19,988.92 million in 2022 to USD 26,777.66 million by 2030.

By The Insight Partners

Rising Adoption of Chlorine from End-Use Industries Bolsters Chlorine Market Growth

According to our latest study on “Chlorine Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Application and End-Use Industry,” the chlorine market size was valued at US$ 19,988.92 million in 2022 and is expected to reach US$ 26,777.66 million by 2030; it is estimated to register a CAGR of 4.1% from 2022 to 2030. The report highlights key factors driving the chlorine market growth and prominent players along with their developments in the market.

Chlorine Market Breakdown – by Region

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00005839 Chlorine, an elemental gas and a component in various compounds, plays a fundamental role in supporting essential processes and applications across industries. Chlorine is primarily produced through the chlor-alkali electrolysis process, where it is obtained along with hydrogen gas and sodium hydroxide (caustic soda) from the electrolysis of brine. The chlorine market growth is driven by its extensive applications in diverse end-use industries, including water treatment, chemical manufacturing, PVC production, pulp & paper, pharmaceuticals, and textiles. Chlorine and its derivatives serve as vital building blocks in the production of various specialty chemicals and intermediates. These chemicals are essential in diverse industries, including pharmaceuticals, agrochemicals, coatings, and personal care products. As demand grows for specialty chemicals tailored to specific applications, the chlorine market will benefit from increased consumption. Chlorine derivatives also find applications as solvents and chemical reagents in research laboratory work and chemical synthesis. The expanding chemical research and development activities in industries like pharmaceuticals, biotechnology, and material science is anticipated to provide growth opportunities to the chlorine market. In addition, the developing pulp and paper industry offers significant growth opportunities for the chlorine market due to its continued reliance on chlorine-based bleaching agents and the increasing sustainable paper production. Chlorine is a key component in bleaching to whiten pulp fibers and improve paper quality. As various sectors increasingly recognize the benefits of using chlorine and its derivatives in their processes, the demand for chlorine is expected to expand. From water treatment to pharmaceuticals, from plastic manufacturing to crop protection, chlorine, and its derivatives play crucial roles in enhancing efficiency, safety, and hygiene across a wide spectrum of applications. Thus, increasing adoption of chlorine across different end-use industries is expected to provide growth opportunities to the chlorine market.

Chlorine is one of the most widely used disinfectants in water treatment due to its effectiveness in destroying harmful microorganisms and ensuring safe and potable water delivery to communities. The process of chlorination involves adding chlorine or chlorine-based compounds to water to destroy bacteria, viruses, and other pathogens that may pose a health risk to consumers. Using chlorine in water treatment has been crucial in improving public health and preventing waterborne diseases such as cholera, typhoid, and dysentery. Chlorine acts as a potent oxidizing agent when dissolved in water, and it readily reacts with organic matter and microorganisms. It also oxidizes and breaks down organic compounds, helps reduce unpleasant tastes, odors, and colors in water. In addition, it plays a critical role in the production of polyvinyl chloride (PVC), one of the widely used thermoplastics. PVC manufacturing relies on chlorine for various applications, including synthesizing different plastics and related compounds. PVC is made by polymerizing vinyl chloride monomers (VCM) derived from ethylene chlorination obtained from petroleum feedstocks. The chlorination process converts ethylene into vinyl chloride monomers, which are polymerized to form PVC resins. Plastic has applications in construction, automotive, electrical, healthcare, and many other industries due to its excellent properties, such as durability, chemical resistance, and cost-effectiveness. Thus, the high demand for chlorine from different end-use industries is contributing to the chlorine market growth.

Aditya Birla Chemicals India Ltd, BASF SE, Ercros SA, Hanwha Solutions Corp, INEOS Group Holdings SA, Occidental Petroleum Corp, Olin Corp, Tata Chemicals Ltd, Vynova Belgium NV, and Sumitomo Chemical Co Ltd are among the players operating in the global chlorine market. The global chlorine market players focus on providing high-quality products to fulfill customer demand.

Impact of COVID-19 Pandemic on Chlorine Market

The COVID-19 pandemic has adversely altered status of the chemicals & materials sector and negatively affected the chlorine market growth. The implementation of measures to combat the spread of SARS-CoV-2 has aggravated the situation and declined the growth of various industries. As a result, there was a sudden distortion in operational efficiencies and disruptions in the value chains; many industries faced several challenges owing to the shutdown of national and international boundaries. The COVID-19 pandemic has restrained the import and export of chlorine in different countries, hampering the chlorine market growth. The shortage of chlorine due to the COVID-19 pandemic increased its prices rapidly across the world. However, several companies operating in the manufacturing industries revived their businesses owing to the ease of restrictions. Hence, the demand for chlorine is rising across the world, especially among the chemical, pharmaceuticals, water & wastewater, and PVC manufacturing sectors.

The report includes the segmentation of the chlorine market as follows:

The global chlorine market is segmented on the basis of application, end-use industry, and geography. Based on application, the chlorine market is segmented into ethylene dichloride/polyvinylchloride production, chloromethanes, isocyanates & oxygenates, solvents, and others. In terms of end-use industry, the chlorine market is segmented into water treatment, chemicals, pulp & paper, plastics, pharmaceuticals, and others. By geography, the chlorine market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America chlorine market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific chlorine market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America chlorine market is subsegmented into Brazil, Argentina, and the Rest of South & Central America.

Contact Us
Contact Person: Content Team 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com

The Insight Partners :    https://www.theinsightpartners.com

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Smarter Decisions with Smart News

Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.

Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter
© The News and Media Division of The Insight Partners 2024 | All Rights Reserved | Privacy Policy