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Chlorine Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

06-14-2017 05:18 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Chlorine Market

Chlorine Market - Global Industry Insights, Trends, Outlook,

Chlorine is a yellow-green gas at room temperature, naturally available in uncombined nature. Sodium chloride is a common mineral mined for chlorine. The major sources for mining sodium chloride are ocean and sea beds. Chlorine has also been found in the minerals such as magnesium chloride and potassium chloride. Commercially, chlorine is produced by electrolysis of solution of sodium chloride and water. It is widely used for manufacturing bleaches, disinfectants, and reagents for various processes in the chemicals industry. It is also majorly used in manufacturing of polyvinyl chloride (PVC) for window frames, car interiors, electrical wiring insulation, water pipes, blood bags and vinyl flooring. According to the World Chlorine Council (WCC), approximately 60 metric tons of chlorine is produced annually. Chlorine at higher concentrations is extremely dangerous and becomes a poisonous gas, which was used in a chemical warfare in World War I. Chlorine is also a key nutrient essential for human metabolism. The main dietary source for human consumption of chlorine is common table salt.

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Global Chlorine Market Taxonomy

The global chlorine market is classified on the basis of the following segments:
By product type
Ethylene dichloride (EDC)/Polyvinyl chloride (PVC)
Organic chemicals
Inorganic chemicals
Chlorinated intermediaries
C1/C2 aromatics
Isocyanates
Polypropylene
Others
By end-use industry
Water treatment
Pharmaceutical
Chemical
Paper & Pulp
Plastic
Pesticides
Others
By production process
Mercury cell process
Membrane cell process
Diaphragm process
Others

Prevalent Scenario in Chlorine Market

Rapidly increasing industries such as construction, automotive, composite manufacturing applications across the world, especially in Asia-Pacific region is the major driving factor for the global chlorine market. Polyvinyl chloride (PVC) is the key material used in manufacturing plastics that are widely used in automobile and construction industry. Chlorine is also widely used as solvent in the pharmaceuticals industry. Over 80% of chlorine produced in the world is used in pharmaceutical applications. Rising water costs and increasing scarcity of water across many regions across the world have resulted into increasing demand for water treatment industry. Of the total chlorine produced in the world, more than 90% of the chlorine is used for treating water in the water treatment plants. Chlorine and chlorine dioxide are significantly used in paper & pulp industry as bleaching agents during the paper making process. The production of chlorine consumes significant amounts of electricity and also emits large amounts of mercury, which leads to adverse effects on environment. Thus, production process of chlorine is subject to various environmental regulations. The production of chlorine involves high costs and also the stringent regulations put on the production processes hamper growth of the global chlorine market. Manufacturers of chlorine are focusing on developing alternative technologies for production of chlorine considering the strict compliances imposed by the government and international authorities. The industry is undergoing a technological shift from mercury cell technology to membrane-based production of chlorine, reducing the impact on environment. The emerging economies and high growth markets of automobile, construction, and packaging attributes the Asia-Pacific region to account for the major market share in the global chlorine market. Technological advancements in the production processes of chlorine have resulted in the substantial growth of chlorine market in North America. The key players are focusing on safe and economical production of chlorine in compliance to the regulations especially in the European region.

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Fragmented Market

The global chlorine market is highly fragmented due to the presence of many established and local players across the world. Major players involved in the market include Occidental Petroleum Corporation (U.S.), The Dow Chemical Company (U.S.), Tata Chemicals Limited (India), BASF SE (Germany), Hanwha Chemical Corporation (Korea), Ineos Group Ltd. (U.K.), Tosoh Corporation (Japan), PPG Industries (U.S.), Formosa Plastics Corporation (Taiwan), Olin Corporation (U.S.) and others.

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