NEW
YORK, May 14, 2024 /PRNewswire/ -- The
global chlorine market size is estimated to
grow by USD 7442.74 mn from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 3.77% during the forecast
period.
For more insights on the forecast market size and
historic data (2018 - 2022) - Download
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (EDC/PVC,
Organic chemicals, Isocyanates, Chlorinated intermediates, and
Others), End-user (Water treatment, Pharmaceutical, Chemical, and
Others), and Geography (APAC, North America, Europe, South America,
and Middle East and Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Aditya Birla Management
Corp. Pvt. Ltd., Akzo Nobel NV, Banner Chemicals Ltd., BASF SE,
Covestro AG, ERCO Worldwide, Ercros SA, Formosa Plastics Corp.,
Hanwha Corp., INEOS Group Holdings SA, Kemira Oyj, Nouryon
Chemicals Holding BV, Occidental Petroleum Corp., Olin Corp., Tata
Chemicals Ltd., Tosoh Corp., Vizag Chemical International, Vynova
Beek BV, Westlake Corp., and Gujarat Alkalies and Chemicals
Ltd.
|
Key Market Trends Fueling Growth
The global chlorine market is experiencing significant growth
due to increased M&A activity. Strategic and private equity
buyers are capitalizing on robust corporate balance sheets,
favorable financing, and high valuations. Notable transactions
include INEOS Enterprises' acquisition of ASHTA Chemicals in
October 2022. Key sectors driving
this market include sodium chloride, electronegative ions,
oxidizing agents, chlorinated aromatics, agricultural chemicals,
wastewater treatment projects, bleaches, disinfectants,
pharmaceutical intermediates, and water disinfectants, among
others, such as isocyanates, epoxy resin, paper and pulp,
agriculture, textile, high cholesterol, chlorine, chloromethanes,
isocyanates & oxygenates, solvents, water treatment, chemicals,
pulp & paper, plastics, antibiotic-resistant bacteria,
waterborne diseases, rising water consumption, PVC production,
packaging films, and pesticides.
Market Challenges
- The global transportation of hazardous chemicals, including
chlorine, faces significant challenges due to the expansion of the
chemical industry. Key concerns include the absence of adequately
trained personnel, insufficient awareness of emerging trends, and
the risk of pilferage. Chlorine is a critical component in various
industries such as herbicides, agrochemicals, bleaching
agents, and disinfection bleaching. Its applications extend to
metal separation, inorganic chemicals, and the production of
polyvinyl chloride (PVC), ethylene dichloride (EDC), and other
organic chemicals. However, the safety and quality of chlorine
shipments are threatened by pilferage, which can lead to the
substitution of expensive chemicals with cheaper alternatives,
compromising raw material quality and potentially impacting human
health through chronic diseases, respiratory infections, and
non-communicable diseases.
Research report provides comprehensive data on
impact of trend, driver and challenges - Buy
Report
Segment Overview
This chlorine market report extensively covers market
segmentation by
- Application
- 1.1 EDC/PVC
- 1.2 Organic chemicals
- 1.3 Isocyanates
- 1.4 Chlorinated intermediates
- 1.5 Others
- End-user
- 2.1 Water treatment
- 2.2 Pharmaceutical
- 2.3 Chemical
- 2.4 Others
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 EDC/PVC- The chlorine market encompasses a
wide range of applications, including herbicides and agrochemicals,
where chlorine is used as an active ingredient or as a precursor in
the production of pesticides. In the realm of bleaching agents,
chlorine plays a crucial role in the pulp and paper industry, as
well as in textiles and water treatment. Chlorine is also
indispensable in cleaning products, where it serves as a
disinfectant and a sanitizer. In the electronics manufacturing
sector, chlorine is employed as bonding components and protecting
sensitive parts from moisture and corrosion. Chlorine-based
compounds, such as polyurethane, foams, adhesives, sealants, and
coatings, are extensively used in various industries, including
construction, automotive, and furniture. Moreover, chlorine is a
vital component in the production of organic chemicals, such as
ethylene dichloride (EDC) and vinyl chloride monomer (VCM), which
are essential raw materials for the manufacture of polyvinyl
chloride (PVC). The agrochemical industries and the PVC market, in
turn, drive the demand for chlorine. Chlorine is also used as an
oxygenate in the production of organic compounds, such as alcohols,
ethers, and ketones, which are employed as fuel additives and
chemical intermediates. Brine electrolysis is another significant
application of chlorine, which is used to produce hydroxyl groups,
methane, methyl chloride, and methanol. Despite its numerous
benefits, the use of chlorine is associated with potential health
risks, including chronic diseases, respiratory infections, and
gastrointestinal disorders. Therefore, stringent regulations govern
its production, transportation, and consumption. The chlorine
market is subject to various market dynamics, including product
deliveries, consumption patterns, and raw material prices.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Chlorine market encompasses the production, distribution,
and application of this essential inorganic chemical. Chlorine is a
highly electronegative element and an oxidizing agent, widely used
in various industries. In the Pulp & Paper sector, Chlorine
plays a crucial role in the bleaching process, enhancing the
whiteness and brightness of paper products. In the Plastics
industry, Chlorine derivatives like Polyvinyl Chloride (PVC) and
Ethylene Dichloride (EDC) are integral components. Chloromethanes,
Isocyanates & Oxygenates, and Solvents are other significant
applications. Chlorine is also employed in Water Treatment for
disinfection and metal separation. Inorganic and organic chemicals,
Agrochemicals, and Pharmaceutical manufacturing industries utilize
Chlorine for diverse purposes. Chlorinated aromatics and
Agricultural chemicals are essential by-products. Brine
Electrolysis is a key process in Chlorine production, yielding
Sodium Chloride as a co-product. Chlorine's applications extend to
Wastewater treatment projects, addressing chronic diseases and
environmental concerns.
Market Research Overview
The Chlorine Market encompasses the production, consumption, and
trade of this essential chemical. Chlorine is a vital commodity
used in various industries such as water treatment, agriculture,
and pharmaceuticals. Chlorine production involves the electrolysis
of sodium chloride or brine. Chlorine treatments are used to
disinfect water and swimming pools, making them safe and hygienic.
Chloroforms are organic compounds derived from chlorine, used as
solvents and refrigerants. Chromates and phosphates are inorganic
compounds of chlorine, used as pigments and coating agents.
Chlorine demand is driven by its wide application in different
sectors. Producers and consumers of chlorine include PVC, pulp and
paper, and water treatment industries. The global chlorine market
is expected to grow due to increasing demand for water treatment
and disinfection, as well as the expansion of the PVC industry.
Chlorine is a versatile chemical, with applications ranging from
agriculture to pharmaceuticals, making it an indispensable
component of numerous industries.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- EDC/PVC
- Organic Chemicals
- Isocyanates
- Chlorinated Intermediates
- Others
- End-user
-
- Water Treatment
- Pharmaceutical
- Chemical
- Others
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio