Chlorine Market is Expected to Soar in the Upcoming Years 2024 - 2031 | BASF SE, Occidental Chemical Corporation

Market Overview:

The global chlorine market is estimated to be valued at USD 40.53 Bn in 2024 and is expected to reach USD 53.69 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.

Market Dynamics:

The chlorine market is estimated for 2023 and is projected to grow steadily during the forecast period of 2024-2031, according to a new report. This growth can be attributed to two major drivers - increasing demand from municipal water treatment and expansion of desalination plants. Rapid urbanization has boosted the demand for clean drinking water. Many cities and municipalities are upgrading their water treatment infrastructure and increasingly relying on chlorine for disinfection. At the same time, with freshwater resources under stress, many coastal regions are looking at seawater desalination to meet their needs. Both these application areas are expected to continue driving chlorine consumption over the coming years.

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Growing Demand from Water Treatment Plants is One of the Key Driver for Chlorine Market

The demand for clean water is increasing significantly across the globe due to rapid urbanization and growing population. Chlorine is widely used as a disinfectant in water treatment plants to purify drinking water and make it safe for human consumption. It helps in killing various harmful bacteria, parasites and other microbes present in water. According to studies, around 97% of community water systems in the United States uses chlorine for disinfection purposes. The rising investments by various governments as well as private players in development and up-gradation of water treatment infrastructure is fueling the consumption of chlorine. Many developing nations are also working towards achieving 100% connectivity of drinking water, which will create more opportunities for chlorine producers in coming years.

Rising Focus on Advanced Water Treatment Methods Offers Lucrative Opportunities

With depleting freshwater resources and stringent quality norms, water reuse and recycling has emerged as an important area globally. Advanced treatment technologies like reverse osmosis, ultrafiltration and UV disinfection are gaining momentum for producing high purity recycled water from wastewater. Chlorine and its compounds finds extensive applications in these sophisticated water treatment processes for secondary disinfection and neutralizing pathogens that pass through the initial filtration system. Many utilities in urban areas are constructing dedicated reuse plants based on membrane and disinfection technologies to supplement traditional sources. This growing emphasis on integrated water management presents new revenue avenues for chlorine producers.

Surge in Demand from Emerging Economies is a Major Growth Trend

Emerging countries in Asia Pacific and Latin America currently account for over 60% of the total population but their per capita chlorine consumption is still at a nascent stage compared to developed nations. Rapid industrialization and infrastructural development projects underway in China, India and other developing markets has heightened the demand for PVC, solvents, detergents, paper and various other chlorine-based products. These economies also spend aggressively on water, sanitation and healthcare facilities which spurs the usage of chlorine for purification and disinfection purposes. Experts foresee that consumption in developing regions will see biggest jump in the coming decade. This shift in global demand patterns towards high growth economies will define future expansion roadmap of chlorine industry.

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Top Companies Featured in This Report:

★ 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.
★ Aditya Birla Chemicals (Thailand) Pvt. Ltd.
★ GAAGC Vinythai
★ Chemical Company of Malaysia Bhd
★ Chemical Industries (Far East) Limited
★ Mabuhay Vinyl Corporation
★ Malay‐Sino Chemical Industries Sdn. Bhd.
★ Olin Corporation
★ P.T. Asahimas Chemical
★ Viettri Chemical Joint Stock Company

Market Segmentation:

By Product Type:

★ By Form: Powder, Liquid, and Others
★ By Packaging: Bags, Drums, and Others

By Applications:

★ By Application: Disinfection, Bleaching, Organic Chemicals, Inorganic Chemicals, and Metal Separation

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Key Insights from the Global Chlorine Market Analysis:

Market Size Evaluation: Assessing the value and sales volume of the Chlorine market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Chlorine market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Chlorine market.
Segment Analysis: Examining the market value and sales volume of Chlorine by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Chlorine market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.

In summary, whether you're engaged in manufacturing, distribution, or investment within the Chlorine sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.

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Author Bio:

Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.

(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)

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