The global chlorine market was valued at US$ 13,948.7 million in 2017, according to Chlorine Market Report, 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), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), published by Coherent Market Insights. The global chlorine market is projected to reach US$ 20,493.0 million by 2025, exhibiting a CAGR of 5.0% during the forecast period.
Increasing demand for chlorine from end-use industries is expected to propel growth of the global chlorine market. Various industrial chemicals and solvents such as ethylene dichloride, glycerine, glycols, and chlorinated methane use chlorine as a raw material. Chemical industry requires chlorine for food additives, domestic bleaches, flame retardants, refrigerants, insulation, polycarbonate resins, epoxy resins, synthetic fibers, and detergents in raw or combined products form.
However, increasing environment concerns and awareness of impact of chlorine manufacturing processes such as mercury cell process is adversely impacting the market growth. Moreover, growing awareness regarding health hazards of chlorine is also hindering the market growth. For instance, according to Centers for Disease Control and Prevention (CDC), chlorine gas is a highly soluble in water thus at low concentrations, chlorine can cause nose, eye irritation, cough and sore throat.
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Browse 192 market data tables* and 55 figures* on "Chlorine Market” - Global forecast to 2025.
Key Trends and Analysis of the Global Chlorine Market:
Key players in the market are focused on merger and acquisition strategies to enhance their market share. For instance, in September 2015, the company Mabuhay Vinyl Corporation, acquired a Philippines-based manufacturer of chlor-alkali such as caustic soda, chlorine, hydrochloric acid, and sodium hypochlorite. In August 2016, Westlake Chemical Corporation acquired Axiall Corporation, a manufacturer of olefins, vinyls, LPDE, PVC, and chlor alkali such as chlorine for US$ 3.8 Bn.
Key Takeaways of the Global Chlorine Market:
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