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Chlorine Market Anticipated to Experience Significant Growth Opportunities with Rising Demand for EDC/PVC in Prospering Sector, Says TMR Study

Chemicals And Materials |

The chlorine market is estimated to experience significant growth avenues in the forthcoming years. This market growth is on the back of well-paid applications, for example, chlorinated intermediaries, isocyanates, propylene oxide, aromatics, and ethylene dichloride/polyvinyl chloride (EDC/PVC). There is an increased demand for PVC/EDC in the prospering construction sector, and it further creates growth prospects in the chlorine market.

The growing demand from the booming plastic industry and the chemical sector has been predicted to create expansion opportunities in the Asia Pacific region. The rising residential requirements for chlorine in China and India are likely to bring growth avenues to the market.

As per the research report by Transparency Market Research, the chlorine market is estimated to reach a CAGR of 6.5% and gain a valuation of US$ 42.7 Bn. during the forecast period from 2017 to 2022.

chlorine market

Extensive Application of Chlorine in Different Chemical Processes to Boost Expansion Avenues in Market

In various chemical applications, chlorine is used commonly as a raw material. It is also applied as a necessary material to manufacture PVC, which is experiencing increased demand in the construction, automotive, and packaging industries. Owing to these factors, the global chlorine market has been expected to enjoy growth avenues in the forthcoming years.

There is a growing requirement for chlorine in different industrial applications to produce intermediate products, for example, hydrochloric acid, chlorides, and other chemicals. This increasing demand is likely to create demand prospects in the chlorine market.

The sudden outbreak of the COVID-19 as well as accompanying guidelines drafted to resolve public safety and health issues have put a significant impact on the growth prospects in disinfectant products. The companies operating in the market have increased production in order to meet the increasing demand from healthcare organizations, grocery stores, municipal authorities, and individual households.

Some of the key players operating in the chlorine market include Tosoh Corporation, Tata Chemicals Ltd., Ercros S.A, BASF SE, Olin Corporation, FMC Corporation, PPG Industries, Occidental Petroleum Corporation, and Hanwha Chemical Corporation.

APEJ Predicted to Dominate Chlorine Market Ahead of Europe and North America

The chlorine market has been spread across various geographical regions around the world including North America, the Asia Pacific except Japan, Europe, the Middle East & Africa, and Japan. Among these regions, the Asia Pacific except Japan is expected to hold a significant share in the market during the forecast period. The estimated valuation of the regional market is to reach US$ 23.0 Bn. by the end of 2022. This market dominance of the region is predicted to continue till the end of the forecast period.

The North America region has been anticipated to provide attractive growth opportunities in the chlorine market. The estimated valuation of the region is likely to reach US$ 7.4 Bn. by the end of the year 2022. Further, the market is estimated to grow at a CAGR rate of 6.1% in Japan. Europe is also expected to look for favorable growth opportunities in the chlorine market. On the other hand, the market in the Middle East & Africa region is likely to grow at a sluggish pace in the near future.

Growing use of Chlorine in Water Treatment Process Estimated to Fuel Demand Opportunities in Market

Bleaching, disinfection, inorganic and organic, and metal separation are some of the areas in which chlorine derivatives are utilized. Chlorine is considered a powerful disinfectant that is utilized in the water treatment process. There is an increasing demand for chlorine in the water treatment process due to its application in the residential sector and industrial water treatment industry. Owing to the rising demand opportunities from different sectors, the chlorine market is predicted to experience significant growth opportunities in the forthcoming years.

The global chlorine market is segmented based on:

End-use Industries

  • Water Treatment industry
  • Pharmaceutical industry
  • Chemical Industry
  • Paper and pulp Industry
  • Plastic Industry
  • Pesticides industry

Applications

  • Ethylene Dichloride (EDC)/Polyvinyl Chloride (PVC)
  • Organic chemicals
  • Inorganic chemicals
  • Chlorinated intermediaries
  • C1/C2 Aromatics
  • Isocyanates
  • Propylene Oxide

Production Methods

  • Mercury Cell Process
  • Membrane Cell Process
  • Diaphragm Process

Geography

  • North America
    • United States
    • Canada
  • South America
    • Brazil
    • Latin America
  • Europe
    • Germany
    • United Kingdom
    • Spain
    • France
    • Italy
  • Asia
    • India
    • China
    • South Korea
    • Malaysia

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