Press release
Chlorine Industry Pegged for Robust Expansion During 2024 - 2031 | BASF SE, Occidental Chemical Corporation
Chlorine Industry
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 global chlorine market is expected to witness significant growth over the forecast period owing to robust growth of the construction industry especially in developing regions of Asia Pacific and Middle East & Africa. Rapid urbanization and infrastructure development activities are driving the demand for chlorine from the construction sector for applications such as PVC pipes, flooring sheets, window and door profiles etc. Additionally, stringent regulations regarding provision of clean drinking water in both developed and developing countries has augmented the consumption of chlorine in water treatment plants. Furthermore, the growing demand for paper from packaging and printing industry has positively impacted the chlorine market.
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Chlorine Market Drivers: Increased Demand For Clean Drinking Water Is Expected To Drive The Growth Of Chlorine Market
Access to clean drinking water is a basic necessity for human survival and well-being. However, unsafe water is still a major problem faced globally, leading to a range of waterborne diseases. Chlorine plays a vital role in disinfecting drinking water and ensuring it is safe for consumption. The World Health Organization estimates that around 2 billion people globally use drinking water sources contaminated with feces, putting them at higher risk of contracting deadly diseases like cholera, diarrhea, and typhoid. As a result, there is increasing focus on water treatment practices across both developed and developing nations to provide safe drinking water. Chlorine is widely utilized during municipal and industrial water treatment processes due to its effectiveness and low cost. With growing global population and rapid urbanization, the demand for clean and safe drinking water is projected to surge in the coming years. This rising demand is anticipated to fuel growth in the chlorine market.
Chlorine Market Opportunity: Rising Consumption Of Chlorine In The Plastics And Cpvc Industry Offers Lucrative Opportunities
Chlorinated polyvinyl chloride or CPVC is a thermoplastic produced by chlorinating polyvinyl chloride (PVC). CPVC has emerged as an attractive alternative to PVC and other plumbing materials like copper, steel and galvanized pipe. It offers corrosion resistance, high heat resistance of around 176Β°C, durability and flexibility. CPVC piping systems are highly suitable for applications involving hot and cold water distribution as well as fire sprinkler systems. There has been a rising shift toward CPVC from traditional piping materials in the construction industry due to its superior properties. Moreover, CPVC is increasingly replacing older piping infrastructure in industrial and municipal applications. The safety and cost advantages of CPVC over other plumbing options are increasing its consumption globally. The CPVC market is projected to expand at a steady rate moving forward. As CPVC production involves chlorination of PVC, its rising demand will correspondingly boost chlorine consumption from
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Top Companies Featured in This Report:
β BASF SE
β Occidental Chemical Corporation
β Ercros SA
β Ineos Group Ltd.
β Olin Corporation
β PPG Industries
β Tosoh Corporation
β Dow Chemical Company
β Westlake Chemical Corporation
β Solvay S.A.
β Akzo Nobel N.V.
β Covestro AG
Market Segmentation:
By Product Type:
β By Derivative: PVC, Propylene Oxide and Epichlorohydrin, Phosgene, C1 Derivatives, and Others
β By End-use Industry: Water Treatment, Plastic, Paper & Pulp, Chemical, Mining, and Others
By Applications:
β By Application: Disinfection, Bleaching, Organic Chemicals, Inorganic Chemicals, and Metal Separation
Key Regions/Countries Classified as Follows:
Β» North America (U.S., Canada, Mexico)
Β» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Β» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
Β» South America (Brazil, Argentina, Rest of SA)
Β» 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:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )
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