Press release
Chlorine Industry Overview, Size, and Growth Analysis 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 chlorine market is estimated for 2023-2031 forecast period, as highlighted in a new report published by Coherent Market Insights. The market is estimated to witness significant growth owing to rising demand for purified water from water treatment facilities globally. According to WHO, over 2 billion people drink water contaminated with feces. Water purification using chlorine is crucial to fight waterborne diseases. Moreover, the tourism industry is rapidly expanding which is augmenting the need for purified water from hotels and resorts. This increasing demand for safe drinking water across various sectors is expected to fuel market growth over the forecast period.
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Chlorine Market Growth Driven by Increasing Demand from Water Treatment Sector
The global chlorine market is expected to witness significant growth over the forecast period due to the rising demand from the water treatment sector across the globe. Chlorine is widely used as a disinfectant in municipal drinking water supplies and managed aquifer recharge systems to kill harmful microorganisms and pathogens. With growing concerns regarding water scarcity and water pollution, most countries are ramping up investments in water treatment infrastructure which in turn is driving the demand for chlorine.
Chlorine Market Opportunity in Healthcare Sector
The global chlorine market is expected to gain significant opportunities in healthcare applications over the forecast period. Chlorine is widely used in manufacturing active pharmaceutical ingredients, disinfecting medical equipment and surfaces, sanitizing hospital premises, purifying water supplies and treating industrial and domestic waste. With increasing healthcare spending and rising focus on hygiene practices, demand for chlorine from the medical sector is growing steadily.
Rising prevalence of infectious diseases and chronic health conditions necessitates higher production of medicines, vaccines and other therapeutic products which use chlorine as feedstock or intermediate. Furthermore, tight regulatory framework mandating sterilization, high hygiene and purity standards in healthcare facilities across the world augments the use of chlorine. Hospitals, clinics as well as pharmaceutical and medical device manufacturers are expected to offer immense untapped opportunities for market participants in the coming years. Various initiatives by public and private organizations to improve access to quality healthcare infrastructure globally will further stimulate chlorine consumption.
Emergence of Renewable Chlorine as Key Market Trend
The increasing focus on sustainable development and reduce dependency on non-renewable resources is a major trend observed in the chlorine industry. With environmental concerns over conventional chlorine production, leading companies are investing heavily in renewable chlorine production technologies which uses brine or salt as feedstock instead of oil or natural gas. This helps reduce carbon footprint significantly without compromising on efficiency and performance.
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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 Inquiries Addressed in this Report include:
π What was the size of the Chlorine Market in 2024, and what is the projected value by 2031?
π What is the present global market landscape for the Chlorine Market?
π What strategies offer optimal opportunities for growth maximization in the business?
π What recent trends are shaping the Chlorine Market?
π How does the market share of Chlorine Market revenue, sales, and size vary across specific geographical regions?
π Who are the prominent industry players in the Chlorine Market?
π Which segment of the Chlorine Market is experiencing heightened demand?
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.
π Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/277
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
Contact Us
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About Us
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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