Chlorine Market to Surpass US$ 20,493.0 Million by 2025

Published On : Dec 06, 2018

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.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/global-chlorine-market-277

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:

  • Asia Pacific accounted for a significant market share in the global chlorine market in 2017, owing to growing construction industry in the region. Demand for plastics, especially PVC, is high in the construction industry as PVC is one of the most widely used construction materials. According Federation of Indian Chambers of Commerce & Industry (FICCI), the White Paper on Enhancing Competitiveness of PVC & Caustic Soda Industries of India, around 73% of PVC was used for pipes and fittings in 2017 in India. Initiatives by Government of India such as ‘Housing for all by 2020’, Swachh Bharat Mission by Individual Household Latrines (IHHL), Ministry of Housing and Urban Affairs, Government Of India , and AMRUT require high volume of pipes for water and sewage treatment. Moreover, water demand and water distribution network is increasing worldwide, which in turn requires an efficient network and distribution system of pipes. According to Vinyl Institute’s study, 2018, in the U.S. and Canada, over 70% of newly installed buried water distribution pipes and 75% of sewer piping are made of PVC.
  • Chlorine manufacturers are focused on developing environment friendly technologies for chlorine production. For instance, in June 2013, thyssenkrupp Uhde and Bayer Material Science Division launched new Oxygen Depolarized Cathode (ODC) technology that enables production of chlorine with 30% less energy requirements. This new technology is based on membrane technology.
  • Major players operating in the global chlorine market include, 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., and Covestro AG

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave, 
#3200 
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

Coherent Market Insights Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.