Chlorine Market is Projected to Accelerate at a CAGR of 4.3% to top US$ 21.86 Billion by 2032 | Says FMI Analyst

In 2022, the world chlorine market is estimated at 14.35 billion US dollars. The market is forecast to reach nearly US$ 21,862.3 million by 2032, with an increasing CAGR of 4.3% from 2022 to 2032. Chlorine is yellowish-green in color and exists in a gaseous state at average temperature .

It is the second lightest member of the halogen family. The demand for chlorine is increasing with increasing applications in the pharmaceutical and agrochemical industries. Increasing demand for end-use segments such as polyvinyl chloride (PVC) and ethylene dichloride (EDC) continues to drive growth in the global chlorine market.

This Chlorine market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape.

Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Digital Instrument Clusters market.

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Chlorine, the second-highest lightest chemical of halogen family scientifically appears between fluorine and bromine in periodic table of chemistry. Most Important compound derived from chlorine is common salt. Chlorine was first synthesized around 1630 in a series of chemical reaction.

Chlorine Market outlook

Chlorine is most vital substance used in manufacturing of PVC, chlorinated chemicals, water treatment etc. Rapid advancement in chemical engineering is serving as a catalyst to chemical market.

Chlorine is considered as a most valuable chemical in industry and expected to maintain the same trajectory. It has contributed immensely to the growth of numerous industries across globe and will continue to be pioneering chemical industry. The market is expected to grow with CAGR of 4.9 percent during the forecast period.

Chlorine Market: Growth factor and restraint

The market of chlorine looks demanding and will continue to drive industrial growth in near future. The economic outlook of chlorine market is witnessing a burgeoning growth owing to its demand across various sector.

For instance, it is being used extensively in production of durable plastics. High-rise buildings where gravity, rain and sunlight can deteriorate conventional pipes, chloride pipes on other hand are stronger and more durable.

Rapid urbanization and industrialization are leading to shortage of clean and hence chlorine water treatment plant are in high demand. Chlorine market is flourish in pharmaceutical industries where its demand its very high, especially in antiseptic and medicines.

The market supply chain is however weakened   due to recent CO VID19 pandemic. Furthermore, strict regulations and government policies on chemical industries is not favourable options for new entrants There has been instances of hazardous accidents during transportation of chlorine, which is highly reactive and taxological in nature which further limits the  growth of chlorine market.

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Key Players Benchmarking The Chlorine Market

Some of the key players in the Chlorine market are:

BASF SE
Olin Corporation
The Dow Chemical Company
Occidental Petroleum Corporation
Ercros
PPG Industries
Hanwha Chemical Corporation
Formosa Plastics Corporation
De Nora
Ineos Group Ltd
INOVYN
Tata Chemicals Limited
Xinjiang Zhongtai Chemicals Co.Ltd
Tosoh Corporation

An Eye On The Start-Ups

The chlorine start-ups are generating several processor solutions in the market by making use of latest technology to decrease costs and render energy without harming the environments in the past years.

NX Filtration, Dutch start-up develops hollow fibre membranes and modules for nanofiltration and ultrafiltration. Its Ultra range of ultrafiltration membrane is based on modified polyethersulfone (PES) chemistry that retains microorganisms, yeast, and floating particles while enabling proteins, salts, and small organic molecules. Moreover, these membranes have superior chlorine tolerance, pH and enable higher control of the membrane fouling rate.

Key Segments Of The Chlorine Market

By Application:

Isocyanates and Oxygenates
EDC/PVC
Inorganic Chemicals
Chloromethanes
Solvents and electrolysis
Pharmaceuticals
Electronics

By End Use:

Paper and Pulp
Water Treatment
Chemicals
Plastics
Pesticide
Durable Pipes

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Chlorine Market: Regional Analysis

In-depth analysis reveal that North America is leading the market, followed by Europe and Asia-Pacific. Middle east and Latin America are emerging as an attractive market for chlorine and derived products.

Developing nations like China and India where rapid urbanization is contaminating ground water. Chlorine water treatment plants are highly demanding in these countries which account for 3 billion of world population altogether.

Furthermore, cleanliness and sanitation are being considered as a top priority in developing nations, chlorine is a fundamental substance used in all public sanitation program and cleanliness drive.

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.