Chlorine Market to Witness a Pronounce Growth During 2024

The report defines the global chlorine market as the chemical compound that is one of the most common substances on Earth. Chlorine is in the gas form at room temperature and has yellow-green color with an irritating aroma like bleach. Chlorine has high chemical reactivity. Chlorine can easily be combined with the other elements so it found in many chemical compounds. It has diverse application in the formation of different chemical compounds.

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Numerous industrial and residential applications of chlorine drive the growth of the chlorine market. Most of the produced chlorine is used in the manufacture of other products in the chemical industry. It is considered an important part of organic chemistry. 85% of pharmaceuticals use chlorine or its compounds at some stage in their manufacture. Chlorine has bleaching and disinfectant properties so they are vastly used in the cleaning products.

Another major use for chlorine is in the water treatment industry. In addition, Chlorine plays important role in the water treatment process. Furthermore, the solvents produced using chlorine such as trichloroethene are mostly used in dry cleaning. According to the Royal Society of Chemistry, about 20% to 30% of chlorine produced is used to make PVC. Polyvinyl chloride (PVC) is a form of plastic is used in the formation of water pipes, car interiors, window frames, vinyl flooring and other applications. 

Market Segmentation (By End-User)

By end-use industries, the chlorine market is bifurcated into the water treatment industry, chemical industry, pharmaceutical industry, plastic industry, paper and pulp industry and others. Among these industries, plastic and chemical industries are holding significant shares in the chlorine market.  Two third of total produced chlorine is used in the formation of plastic including PVC, Poly-Urethanes, Epoxy-resins, Teflon, Neoprene and among others. Growing advancements in the plastic industry are anticipated to boost the demand of Chlorine in the growth of the chlorine market.

Regional Analysis

Among the geographies, Asia Pacific held a substantial revenue share in the global chlorine market in 2017. It is expected to be the dominating region in the chlorine market over the forecast period of 2018 to 2024. The factors such as growing industrial applications of PVC and rising demand for improved freshwater are driving the growth of Asia Pacific chlorine market. In addition, the presence of major manufacturers in this region contributes to the growth of the chlorine market.

Market Key Players

The key players operating in global chlorine market includes BASF SE, Tata Chemicals Ltd., Tosoh Corporation, PPG Industries, FMC Corporation, Ercros S.A, Covestro A.G., Occidental Petroleum Corporation, Hanwha Chemical Corporation and Ineos Group Ltd. These players are focusing on numerous key strategies such as new product launch, mergers and acquisition, partnerships and many others to expand their product portfolio. This will further help them to improve their sales.

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