Chlorine Market Trends, Business Strategies, Regional Outlook, Challenges and Analysis by Forecast 2030

A number of factors, such as the increasing consumption of chlorine in water treatment applications, surging demand for polyvinyl chloride (PVC) from end-use industries, and presence of several global players, are expected to drive the growth of the chlorine market at a CAGR of 5.2% during the forecast period (2020–2030). According to P&S Intelligence, the market generated revenue of $36,845.0 million in 2019, and it is expected to reach $63,121.6 million by 2030.

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One of the prime factors propelling the chlorine market is the surging consumption of the chemical for water treatment. This is due to its ability to kill waterborne germs, pathogens, and microbes, to make it safe for sanitation, drinking, and irrigation purposes. Further, developing countries are gathering knowledge on the adverse effects of consuming untreated water, which include waterborne diseases like typhoid, hepatitis A and E, and cholera. This chemical has the ability to prevent such diseases, which, in turn, drives its demand across the world.

The application segment of the chlorine market is categorized into ethylene dichloride (EDC)/PVC, isocyanates & oxygenates, inorganic chemicals, chloromethanes, and solvents. Among these, the EDC/PVC category held the largest market share in 2019, and it is expected to witness the same trend in the coming years. This is ascribed to the high-volume usage of the compound in the chlorination process for the production of EDC/PVC. With the increasing requirement for EDC/PVC from several end-use industries, such as construction, automotive, medical, and electrical & electronics, the demand for chlorine is rising.

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Geographically, Asia-Pacific (APAC) held the largest share in 2019, and the region is projected to maintain its dominance in the market in the coming years. This is due to the surging consumption of the chemical in developing countries, including India, China, and Thailand, for the production of EDC/PVC and in water treatment applications due to the rising awareness regarding safe water. Besides, the heavy usage of chlorine as a bleaching agent in the pulp & paper industry of the region is expected to drive its demand in the coming years.

Thus, the rising consumption of chlorine for water treatment and the increasing demand for PVC are expected to propel the requirement for chlorine during the forecast period.

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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.