Chlorine Market is Expected to Further Projected to Boost the Demand in 2024

Feb 19, 2021: The global chlorine market is anticipated to grow at a staggering CAGR in the forecast period. Chlorine is used commercially in production of organic and inorganic chemicals and water treatment processes. It enables the producers to select from several processes for manufacture of chlorine.

The chlorine market is driven significantly by rise in demand from chemical industry, medical domain. Increase in demand from the construction industry is expected to stimulate the market during the forecast period. Apart, chlorine is mainly used for water filtration and treatment process. It is widely used as a raw material to manufacture a range of chemicals, which, in turn, exhibits its versatility and form. It is used in PVC for composite manufacturing and automotive applications.

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End-user segmentation for chlorine market comprises pharmaceutical industry, chemical industry, water treatment industry, paper and pulp industry, pesticides industry, and plastic industry. By application, the chlorine industry is highly segmented as isocyanates, propylene oxide, chlorinated intermediaries, organic chemicals, inorganic chemicals, and ethylene dichloride and polyvinyl chloride.

Asia-Pacific dominates the chlorine market in terms of market demand and consumption from medical sector. Manufacturing sector being at prime holds a significant market position in the APAC sector; thanks to increase in demand for chlorine derivatives from end-use industries such as cosmetic, pharmaceutical, food processing, paints, coatings, and adhesives. North American and European markets are likely to gain a dominant position due to rise in demand by chemical industries. Untapped potential opportunities in the water treatment and plastic industries in the North America are anticipated to grow at a higher CAGR in the forecast period.

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The prominent players in the chlorine industry include Hanhwa Corporation, Ineos Group Ltd, The DOW chemical Company, PPG Industries, Tosoh Corporation, BASF SE, Tata Chemicals Ltd, FMC Corporation, Formosa Plastics Corporation, Xinjiang Zhongtai Chemicals Co Ltd, Occidental Petroleum Corporation, and Nirma Ltd.

Market Segment:

Global Chlorine Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2024)

    • EDC/PVC

    • Organic Chemicals

    • Inorganic Chemicals

    • Isocyanates

    • Chlorinated Intermediates

    • Propylene Oxide

    • Pulp & Paper

    • C1/C2, Aromatics

    • Water Treatment

    • Others

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