Global Chlorine Industry Share, Growth, Development and Demand Forecast Report 2030

Growth drivers, such as the surging demand for treated water, primarily on account of the rising cases of water-borne diseases, and burgeoning demand for polyvinyl chloride (PVC), owing to the widening application base of this plastic, will help the chlorine market advance at a CAGR of 5.2% during the forecast period (2020-2030). According to P&S Intelligence, the market revenue stood at $36,845.0 million in 2019, and it will reach $63,121.6 million by 2030.

The rising demand for treated water, especially in developing countries, owing to the mounting public awareness about the harmful effects of untreated water, will accelerate the global demand for chlorine, because it can kill bacteria and other pathogens in water. Additionally, the increasing concerns about the growing prevalence of water-borne diseases, such as cholera, Hepatitis A, Hepatitis B, and Typhoid, in emerging economies, such as Brazil, India, and Thailand, will also facilitate the market growth.

Download sample pages of this report: https://www.psmarketresearch.com/market-analysis/chlorine-market/report-sample

Besides, the burgeoning consumption of PVC in the building and construction, medical, and automotive industries, due to its high viscosity and improved thermal stability during the manufacturing process, will also catalyze the chlorine market growth, globally. Chlorine is used in the chlorination process required for manufacturing PVC, which is used in siding and piping applications in the building and construction sector, non-breakable containers in the medical industry, and parts of windshield systems in the automotive sector.

The end use segment of the chlorine market is categorized into pesticides, pharmaceuticals, plastics, pulp and paper, water treatment, and others, such as chemicals, paints and coatings, and textiles. Under this segment, the water treatment category is expected to exhibit the fastest growth in the forecast years, due to the surging public and government concerns over water safety. Wastewater treatment plants use chlorine as a disinfectant to provide clean water for sanitation and safe drinking water.

Currently, the chlorine market is consolidated in nature, due to the existence of a few key players, such as INEOS Group Holdings S.A., Occidental Petroleum Corporation, Covestro AG, Olin Corporation, The Dow Chemical Company, and Westlake Chemical Corporation. Other important players of the market are Formosa Plastic Corporation, Shin-Etsu Chemical Co. Ltd., Nouryon, and BASF SE. All these players are constantly focusing on increasing their production capacities and geographical presence to consolidate their position.

Make inquiry before purchase of this report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=chlorine-market

Globally, the Asia-Pacific chlorine market generated the highest revenue in 2019 and it is likely to continue this trend during the forecast period as well. This can be credited to the high-volume production of Ethylene Dichloride (EDC)/PVC in developing countries, such as China, India, and Thailand. The soaring production level of EDC/PVC in these nations can be attributed to the expanding automotive, electrical and electronics, and building and construction sectors in the region. For instance, PVC is extensively used for door sidings, shingles, roofing, flooring, and insulation applications in the building and construction sector.

Thus, the booming demand for safe and clean water and PVC is the prime growth driver of the market all over the world.

Browse more reports:

Water Treatment Chemicals Industry Report - https://www.psmarketresearch.com/press-release/water-treatment-chemicals-market

Chloromethanes Industry Report - https://www.psmarketresearch.com/press-release/chloromethanes-market

Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://chemicalmaterialsnews.blogspot.com

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

This release was published on openPR.