Global Chlorine Market to Witness Substantial Growth, Attain About USD 38.4 Billion In 2021

03-Jan-2020 | Zion Market Research

A report has been published by Zion Market Research titled “Chlorine Market for EDC/PVC, Inorganic Chemicals, Organic Chemicals, Solvents, Pulp & Paper, Water Treatment, And Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021, and others”. The global chlorine market, as per the report, was esteemed at around USD 27.2 Billion in 2015 and anticipated to attain about USD 38.4 Billion by 2021, expanding at a CAGR of about 4.5% during 2016–2021.

A halogen element, chlorine, is known as a heavy greenish irksome gas of pungent stench. Chlorine is among the most widely utilized as a cleanser for water disinfection. It can be used for the killing of a majority of microorganisms. It doesn’t occur by itself and it is usually attached by other elements. A majority of chlorine is present in the sea and salty lakes in addition to the ground as halite or rock salts in dissolved form. Chlorine is utilized to treat swimming pool water and drinking water. Also, it is utilized to make several consumer products from paints to paper and from insecticides to textiles.

Browse the full "Chlorine Market for EDC/PVC, Inorganic Chemicals, Organic Chemicals, Solvents, Pulp & Paper, Water Treatment, And Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at https://www.zionmarketresearch.com/report/chlorine-market

The global chlorine market is mostly propelled by the rising need from end-user industries like textiles, aromatics, pharmaceuticals, agrochemicals, insecticides, and so on. Furthermore, chlorine is utilized as a raw material for the manufacturing of a broad array of significant chemicals that is also anticipated to boost the market demand in the years to come. Moreover, Chlorine is utilized by over 85% of pharmaceutical industries and 95% of water treatment plants around the world in production processes. Nevertheless, its environmental concerns and energy-intensive operations might restrict the growth of chlorine market in the near future. However, rising demand in PVC/EDC that is needed in the construction industry is anticipated to surface new growth avenues in the coming period.

The chlorine market, based on application, can be bifurcated into inorganic chemicals, water treatment, EDC/PVC, chlorinated intermediaries, organic chemicals, pulp & paper, isocyanates, and others (HCl and TiO2). Around 20% chlorine is used in PVC. In 2015, the governing segment was EDC/PVC with more than 36.0% of the entire chlorine use. This progress is mainly credited to rising demand from the construction industry for EDC/PVC. Organic and inorganic chemicals are anticipated to demonstrate noteworthy growth in the forecast period.

Asia-Pacific is anticipated to be the rapidly developing region for chlorine on account of the rising chemical and plastic industries in budding economies like India and China. China is the biggest revenue contributor in this region for chlorine market. In terms of revenue, Asia Pacific was followed by North America and Europe In 2015. Europe is one more prominent regional market for chlorine. This expansion is mainly credited to the existence of several chemical industries and this trend is anticipated to last over the years.

A few prominent players active in this chlorine market consist of Occidental Petroleum Corporation, BASF SE, Formosa Plastics Corporation, The Dow Chemical Company, Tata Chemicals Limited, PPG Industries, Ineos Group Ltd., Olin Corporation, and Tosoh Corporation.

The report segments the global chlorine market as:

Chlorine Market: Application Segment Analysis

  • EDC/PVC
  • Organic Chemicals
  • Inorganic Chemicals
  • Solvent
  • Pulp & Paper
  • Water Treatment
  • Other

Chlorine Market: Regional Analysis

  • North America 
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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