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Chlorine Market competitive landscape, strategic assessment and forecast till 2026

12-10-2020 07:46 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent market insights

Chlorine Market

Chlorine Market

Chlorine derivatives are used in various applications such as disinfection, bleaching, organic chemicals, inorganic chemicals, and metal separation. Chlorine is used for as a disinfectant in various forms such as elemental chlorine (chlorine gas), sodium hypochlorite solution or calcium hypochlorite powder. Ultraviolet rays in sunlight degrade free chlorine compounds in water and significantly decrease disinfection efficacy over time. Therefore, chlorine is used as an effective and efficient disinfection agent.

The global chlorine market was valued at US$ 13,948.7 million in 2017 and is expected to register a CAGR of 5.0% in terms of revenue, over the forecast period (2018 – 2025), to reach US$ 20,493.0 million by 2025.

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Among derivatives, propylene oxide segment accounted for significant market share in the global chlorine market in 2017. This is owing to increasing use of propylene oxide in the production of polyethers. Propylene glycol and epichlorohydrin is used in the production of epoxy resins which is used in coatings, adhesives, and plastics. Use of chlorine for manufacturing epichlorohydrin is expected to increase, owing to high demand for epoxy resins from the construction industry. According to Epoxy Europe, an initiative of the Epoxy Resin Committee (ERC), demand for epoxy resins from the construction sector in Europe accounted for 60 kilo tons (23% of total production volumes), creating turnover over US$ 200 million in 2013.

Detailed Segmentation:

Global Chlorine Market, By Derivative:
PVC
Propylene Oxide and Epichlorohydrin
Phosgene
C1 Derivatives
Others

Global Chlorine Market, By Application:
Disinfection
Bleaching
Organic Chemicals
Inorganic Chemicals
Metal Separation

Global Chlorine Market, By End-use Industry:
Water Treatment
Plastic
Paper & Pulp
Chemical
Mining
Others

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Major players operating in the global chlorine market include, BASF SE, Occidental Chemical Corporation, Ercros SA, Ineos Group Ltd., Olin Corporation, PPG Industries, Tosoh Corporation, Dow Chemical Company, Westlake Chemical Corporation, Solvay S.A., Akzo Nobel N.V., and Covestro AG

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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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