Latest News- Chlorine Market: EDC/PVC is expected to lead the Application segment during 2024-2028

The Chlorine Market is being driven by Growing use of chlorine in pharmaceutical industry

The Chlorine Market is expected to grow at a CAGR of 3.77% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 7442.74 million. In the global chlorine market, mergers and acquisitions (M&A) are anticipated to persist or intensify throughout the forecast period, driven by robust corporate financial positions and favorable financing conditions. Notably, INEOS Enterprises' acquisition of ASHTA Chemicals, a leading North American chlorine and potassium hydroxide manufacturer, in October 2022 underscores this trend. This increasing M&A activity is poised to significantly contribute to the expansion of the global chlorine market during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • EDC/PVC
  • Organic chemicals
  • Isocyanates
  • Chlorinated intermediates
  • Others
• End-user
  • Water treatment
  • Pharmaceutical
  • Chemical
  • Others
• Form
  • Liquid Chlorine
  • Chlorine Gas
  • Solid Chlorine Compounds
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • South America
    • Argentina
    • Brazil
  • Middle East and Africa
    • Egypt
    • KSA
    • Oman
    • UAE

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing use of chlorine in pharmaceutical industry
• Rising demand for chlorine from the water and wastewater treatment industry
• Extensive use of PVC in the construction industry

However, the market also witnesses some limitations, which are as follows:

• Logistic problems related to hazardous chemicals
• Availability of alternatives to chlorine in disinfection process
• Safety issues related to chlorine

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Market Scope in Chlorine Market Research Report

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Research Analysis Overview

The Chlorine market encompasses a wide range of applications, including wastewater treatment projects, pharmaceutical manufacturing, and various industries such as Pulp & Paper, Plastics, and Inorganic Chemicals. As an essential oxidizing agent, Chlorine is known for its electronegative properties and its ability to form ions. It plays a crucial role in water treatment as a disinfectant and bleaching agent. In the agricultural sector, Chlorine is used as an intermediate in the production of Chlorinated aromatics, which are used as agricultural chemicals. Chlorine is also used in the production of Sodium Chloride through brine electrolysis, a process that is widely used in the production of Chlorine and other inorganic chemicals. Chlorine is used in the production of Organic Chemicals such as Ethylene Dichloride (EDC) and Polyvinyl Chloride (PVC), which are extensively used in the manufacturing of plastics. Chlorine is also used in the separation of metals and in the production of Isocyanates & Oxygenates, Chloromethanes, and other solvents. Despite its numerous applications, the use of Chlorine is a subject of controversy due to its association with chronic diseases. However, its benefits in water treatment and various industrial applications continue to make it an indispensable part of the Chemicals and Materials industry.

Market Research Overview

According to Technavio, the global chlorine market is a significant segment of the expansive global diversified chemicals market, which encompasses businesses producing a multitude of chemical products that fall outside the realms of industrial gases, commodity chemicals, specialty chemicals, and fertilizers and agricultural chemicals. The size of the global diversified chemicals market is determined by the consolidated revenue generated by manufacturers of a varied chemical product portfolio. Key growth drivers for the global diversified chemicals market include robust demand from emerging economies, particularly China, Brazil, Indonesia, and India.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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