Global chlorine market is estimated to be valued at US$ 16700.18 Mn in 2021, according to the Global 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), by Region (North America, Europe, Asia-pacific, Latin America, Middle East & Africa), published by Coherent Market Insights.
Global chlorine market was valued at US$ 16700.18 Mn in 2021. Chlorine market is expected to register a CAGR of 5.09 % over the forecast period (2022–2030), to reach US$ 26040.66 Mn by 2030.
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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Key Trends and Analysis of the Global Chlorine Market:
- The packaging industry in India is one of the fastest-growing industries, with direct or indirect influence on all industries. The spending on packaged foods is increasing due to urbanization, increase in per capita income, and the growing number of workforces.
- There is great growth potential since India's per capita consumption of packaging is only 4.3 kg, whereas, in neighboring Asian countries, such as China and Taiwan, it is about 6 kg and 19 kg, respectively. This clearly indicates that the market is underpenetrated and offers a great business opportunity for the Indian plastics industry.
- China is a hub for chemical processing, accounting for a major chunk of the chemicals produced globally. The growth in the country makes half of the growth of the global chemical market. The chemical market in China is growing at 4%-5% annually, compared to the 3% growth of the Rest of the World. With the increasing demand for various chemicals globally, the demand for chlorine from this sector is projected to rise during the forecast period.
- In addition to this, China has one of the largest pulp and paper industries in the world. China is one of the top three producers of paper in the world. However, due to environmental concerns, the country announced to ban all wastepaper imports in 2020. It is estimated to have eliminated more than 45 million metric ton of backward paper capacity during the last seven years. The new investment in the pulp and paper industry in the country is also slowing due to strict regulatory controls and the low availability of raw materials. This is expected to negatively impact the demand growth of the market studied in the country during the forecast period.
Key Takeaways of the Global Chlorine Market:
- New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the chlorine market are key strategies adopted by players in the global chlorine market. For instance, In July 2019, Potasse et Produits Chimiques SAS joined Vynova Group. The site in Thann (France) has been renamed Vynova PPC SAS and is integrated into Vynova Group. The Thann site has a membrane electrolysis plant and produces chlorine and liquid potassium hydroxide (KOH).
