Chlorine Market 2019 Competition Landscape 2027 | Ineous Group, Tata Chemicals, Formosa Plastics Corp, etc.

Chlorine Market Size - USD 32.06 billion in 2018, Growth - CAGR of 4.4%, Trends - Growing demand from the wastewater treatment industry.

The global chlorine market is expected to reach USD 47.63 Billion by 2027, according to a new report by Reports and Data. The growth of the chlorine market may be attributed to growing applications of chlorine amongst the end-user industries, such as the pharmaceuticals, water treatment, and chemical industry, among others.

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Pharmaceutical products are a crucial part of the nearly USD 3.00 trillion health care systems of the U.S. and Canada. It has been assessed that in the U.S., in 2012, the leading one hundred drugs, in terms of sales volume, possessed chlorine as one of their constituents. Almost 25% of these drugs comprise chlorine in the dose form, and more than 60% of them deploy chlorine in their production process. The production process may deploy chlorine intermediates, which lose their identity in the course of building-up the molecule from smaller constituents. Therefore, chlorine is used in the production of 88% of the popular drugs.

Companies considered and profiled in this market study
Ineous Group Limited, Tata Chemicals Limited, Formosa Plastics Corporation, PPV Industries, Tosoh Corporation, Hanwha Chemical Corporation, AkzoNobel NV, Occidental Petroleum Corporation, OLIN Corporation, and Nouryon, among others.

For the purpose of this report, Reports and Data have segmented the global chlorine market on the basis of production method, application, industry verticals, and region:
Production Method Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Mercury Cell Process
Membrane Cell Process
Diaphragm Cell Process
Others

Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
EDC/PVC
Solvents
Inorganic Chemicals
Organic Chemicals
Others

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Industry Verticals Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Pharmaceutical
Water Treatment
Paper & Pulp
Chemical
Plastic
Others

Regional Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
North America
Europe
Asia Pacific
Latin America
MEA

Further key findings from the report suggest
1. By production method, the diaphragm cell process contributed to the largest market share in 2018 and is expected to grow at the fastest rate in the forecast period. A diaphragm, typically of asbestos, is used in separating the chlorine and hydrogen gas spaces and prevents the migration of OH- ions from the cathode to the anode by the velocity of liquid flow against them.

2. By application, EDC/PVC dominated the market in 2018 and is expected to grow at a rate of 4.7% in the forecast period. Chlorine imparts PVC beneficial properties such as fire-resistance and longevity, among others.

3. By industry verticals, the water treatment industry held the second-largest market share in 2018 and is likely to grow at a considerable rate in the forecast period.

4. The market in the Asia Pacific region dominated the market in 2018 and is estimated to witness a CAGR of 5.0% in the forecast period. The high market demand in the Asia-Pacific region may be attributed to the surging demand for PVC in several industries comprising construction & packaging, automotive, and growing demand for wastewater treatment in the region.

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The report emphasizes the following key questions
Q.1. What are the most lucrative and promising growth prospects for the market?
Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?
Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes?
Q.4. Which factors are impacting the future of the market and what are the driving factors?
Q.5. What are the hurdles and challenges curtailing the industry's growth in the forecast period?

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