Press release
Liquid Chlorine Market Value To Cross $8.93 Billion by 2031 | Top Companies and Industry Growth Insights
Liquid Chlorine Market
Access Full Summary @ https://www.alliedmarketresearch.com/liquid-chlorine-market-A18450
Report Coverage & Details:
Report Coverage Details
Forecast Period 2022-2031
Base Year 2021
Market Size in 2021 $5.59 Billion
Market Size in 2031 $8.93 Billion
CAGR 4.9%
No. of Pages in Report 281
Segments Covered End User, Product Type, Industry Vertical, and Region.
Drivers Increase in demand for liquid chlorine from water purification, agriculture, chemical processing, and pulp & paper industries
Opportunities Growth of the chemical industry
Restraints Several health hazards associated with liquid chlorine
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Covid-19 scenario-
Increasing health awareness across the world gave way to rising demand for liquid chlorine which is used as a pool sanitizer, which is used to keep the water clean and pollutants such as fungus from developing.
Moreover, the pandemic led to augmented usage of disinfectants in transportation, public facilities, hospitals, nursing homes, wastewater treatment facilities, and homes, which impacted the market positively.
The global liquid chlorine market is analyzed across type, application, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
Based on type, the sodium hypochlorite segment contributed to nearly half of the global liquid chlorine market revenue in 2021, and is expected to dominate by 2031. The same segment would also showcase the fastest CAGR of 5.1% throughout the forecast period. The lithium hypochlorite and calcium hypochlorite segments are also assessed in the study.
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Based on application, the water treatment segment held more than two-thirds of the total market revenue in 2021, and is expected to dominate by 2031. The pharmaceutical segment, simultaneously, would manifest the fastest CAGR of 7.6% throughout the forecast period. The other segments analyzed in the report take in agriculture, chemical processing, pulp & paper, plastic, textile, and paints & coatings.
Based on region, the market across Asia-Pacific generated nearly three-fifths of the global liquid chlorine market revenue in 2021, and is anticipated to retain the lion's share by 2031. The same region would also manifest the fastest CAGR of 5.4% during the forecast period. The other regions studied in the report include North America, LAMEA, and Europe.
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The key market players analyzed in the global liquid chlorine market report include Clean Plus chemicals Ltd, Formosa Plastics Corporation, SHOWA DENKO K.K, Occidental Chemical Corporation, Atul Ltd, Global Heavy Chemicals Ltd, Hamilton chemicals, Meghmani Finechem Limited, Weifang Yaxing Chemical Co., DCW limited, AGC Inc., Tata Chemicals, Toagosie Co. Ltd, Vencorex, and Vynova group. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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