Press release
Chlorine Market Insights and Future Pathways Analysis 2024 - 2031 | BASF SE, Occidental Chemical Corporation
Chlorine Market
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:
Chlorine is an essential disinfectant used in water treatment facilities globally to treat drinking water and purify municipal water supplies. It kills harmful microorganisms that cause diseases. With growing global population, demand for clean drinking water is rising substantially which is driving the need for more water treatment facilities and boosting chlorine consumption. Furthermore, chlorine is a critical raw material used in the production of various plastics and resins such as PVC, Teflon etc. Rapid industrialization and infrastructural growth is augmenting the demand for such plastics from construction and automotive industries thereby propelling the chlorine market forward.
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Key Growth Drivers in the Chlorine Market:
Increased Demand from Water Treatment Industry
Chlorine plays a vital role in water treatment as it is commonly used as a disinfectant to purify water for domestic, commercial and industrial applications. The rising global population combined with growing urbanization has increased the demand for clean and safe drinking water, which acts as a major growth driver for the chlorine market. Many developing nations are investing heavily in improving their water infrastructure and treatment facilities to provide access to clean water for all, thus propelling the need for chlorine.
Key Market Opportunity:
Increasing Demand from Pharmaceutical Industry
Chlorine derivatives like ethylene dichloride (EDC) and vinyl chloride monomer (VCM) serve as important raw materials in the pharmaceutical sector for manufacturing active drug ingredients and formulations. With rapid economic development worldwide, healthcare expenditure has risen sharply, fuelling the pharmaceutical industry. Moreover, the ongoing COVID-19 pandemic has further augmented the need for drugs, vaccines and medical devices. This widespread surge in pharmaceutical demand acts as a lucrative opportunity for increased consumption of chlorine and its compounds.
Major Market Trend:
Rising Shift Towards Membrane Cell Technology
Traditionally, chlorine was produced using mercury cell and diaphragm cell processes which had severe environmental limitations. However, over the past few decades, manufacturers have progressively adopted membrane cell technology for chlorine production as it minimizes energy usage and harmful emissions. This trend is expected to gain further momentum with implementation of stringent pollution norms. The membrane cell method facilitates sustainable chlorine manufacture and presents new opportunities for industry players. It also ensures continued supply to meet expanding end-use applications in compliance with ecological standards.
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Top Companies Included 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 are 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)
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The report offers insights on the following topics:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Competitor Landscape of the Chlorine Market by Players
Chapter 4: Market Size of the Chlorine Market by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, Recent Developments, and Investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
Ultimately, the Chlorine Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Chlorine industry.
Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.
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.
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