Global chlorine market was valued at US$ 16700.18 Mn in 2021 in terms of revenue, exhibiting a CAGR of 5.09 % during the forecast period (2022 to 2030).

BURLINGAME, CALIFORNIA, UNITED STATES, May 20, 2024 /EINPresswire.com/ -- Market Overview:

Chlorine is a yellow-green gas with strong smell that is highly toxic. It is mainly used in the manufacturing of polyvinyl chloride (PVC), ethylene dichloride (EDC), and propylene oxide. These products are widely used in various industries like construction, automotive, packaging etc.

Market Dynamics:

Stringent environmental regulations regarding the use and emissions of certain chemicals are expected to drive the demand for chlorine over the forecast period. Government agencies like EPA in the US have imposed strict norms for controlling water pollution from several industries. This is boosting the use of chlorine-based chemicals for water treatment applications. Additionally, growing demand for PVC from the construction industry assisted by rapid urbanization in developing nations is also fueling the chlorine market growth. Higher investments by leading manufacturers in capacity expansion of chlorine and its derivative plants across regions will further aid the market expansion through 2031.

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Major Driver 1: Increasing Demand From Water Treatment Industry

The water treatment industry has experienced significant growth over the past few years and this growth looks set to continue in the coming years. Clean drinking water is essential for human life and health and as populations grow, the need for water treatment rises accordingly. Chlorine is a crucial part of water treatment processes as it is widely used as a disinfectant to kill harmful microorganisms and make water safe for human consumption. With increasing focus on accessible clean water globally, the demand for chlorine from water and waste water treatment plants is expected to substantially increase in the future.

Major Driver 2: Role in Manufacturing Industries

Chlorine finds numerous applications across many manufacturing industries such as plastics, pharmaceuticals, automotive etc. It is a crucial building block material and intermediate in the production of numerous chemicals and products. For example, chlorine derivatives such as polyvinyl chloride (PVC) are important plastics with diverse applications. Similarly, pharmaceutical drugs commonly involve chlorinated organic compounds in their composition. With continued global economic growth and expansion of manufacturing capacity worldwide, the demand for chlorine from manufacturing industries is projected to rise substantially over the coming years.

Major Restrain: Stringent Environmental Regulations

While chlorine has many beneficial uses, it is also considered an environmental hazard if released uncontrolled into the atmosphere or water bodies. Chlorine gas is toxic to humans and ecological systems. As environmental regulations tighten around the world, chlorine producers will need to invest more in emission control technologies and waste treatment systems to comply with norms. Additional costs incurred to adhere to stricter emission standards can restrain the profitability of chlorine manufacturers to some extent. Industry participants will need to balance growth objectives with environmental stewardship responsibilities going forward.

Major Opportunity: Expanding Recycling Industry

As societies move towards more sustainable practices, recycling and waste reduction are gaining prominence globally. Chlorine plays a key role in recycling processes of certain materials like plastics and papers. For instance, the de-inking process that removes printer ink from waste papers to produce recycled paper involves the use of chlorine dioxide or hypochlorite. Similarly, chlorine is used to disinfect and deodorize various waste streams. With greater impetus on circular economy models, the recycling industry is expected to grow substantially in the future presenting opportunities for increased chlorine consumption within these processes. Existing chlorine producers can explore opportunities to market and supply their product offerings to recycling end-use segments.

Major Trend: Transition to More Sustainable Feedstocks

There is a growing trend within the chemical industry towards adopting production methods that rely on renewable/bio-based instead of fossil fuel based feedstocks. While currently the dominant route for commercial chlorine production relies on chlorinating hydrocarbons obtained from oil and natural gas, alternative bio-based methods are gaining traction. For example, technologies are being developed and demonstrated to produce chlorine through electrolysis of sodium chloride solutions using renewable electricity or from biomass-derived alcohols. Though these technologies are currently at a development/ demonstration stage and not commercially viable yet, over the long term their adoption can reshape the manufacturing landscape of chlorine towards more environmentally friendly and sustainable processes if proven economical at scale. Existing players may need strategies to proactively transition or remain competitive in a greening chemical industry landscape.

Worldwide major and leading players within the market are:

★ 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.
★ Akzo Nobel N.V.
★ Covestro AG

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Segmental Overview

Chlorine Market segmentation offers an in-depth analysis of the various segments of the market, including application, type, end use, and region. The segmentation overview section offers crucial information about the market share, sales, and growth rate for each of the segments over the forecast period. Moreover, an examination of the relative multitude of significant sub-portions in the market has been canvassed in the report.Having a knowledge about the various segments and sub-segments helps businesses recognize the importance of factors that drive industry growth.

The titled segments and sub-section of the Chlorine market are illuminated below:

Global Chlorine Market, By Product Type:

★ By Derivative: PVC, Propylene Oxide and Epichlorohydrin, Phosgene, C1 Derivatives, and Others
★ By Application: Disinfection, Bleaching, Organic Chemicals, Inorganic Chemicals, and Metal Separation
★ By End-use Industry: Water Treatment, Plastic, Paper & Pulp, Chemical, Mining, and Others

Regional Analysis for Chlorine Market:

📍 North America (United States, Canada, and Mexico)
📍 Europe (Germany, France, UK, Russia, and Italy)
📍 Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
📍 South America (Brazil, Argentina, Colombia, etc.)
📍 The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Key Highlights of the Report

Offers a comprehensive and holistic analysis of the Chlorine Market.
Evaluates the competitive environments, covering partnerships, joint ventures, acquisitions, and organic growth.
Provides forecast information related to every region and sub-region of the Chlorine market.
Includes information on the key opportunities and challenges faced by key industry players worldwide.
Covers the Chlorine market’s current and future market outlook on industry drivers, market restraints, and regional constraints.
The report answers a number of crucial questions, including:

➥ Which companies dominate the global Chlorine market?
➥ What current trends will influence the Chlorine market over the next few years?
➥ What are the market’s opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular Chlorine market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

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