Chlorine Market

Chlorine Market Size (2024-2029):

The Chlorine Market was worth US$ 75.21 million in 2023, and it is estimated to reach a valuation of US$ 92.99 million by the end of 2029, expanding at a CAGR of 3.6% during 2024-2029.

Market Overview:

In the manufacturing process of paper bags, packaging, and sterile tubing, chlorine plays an important element in the procedure. Annually, the production capacity of chlorine may be estimated to produce about 60 million metric tons. The chlorine demand is set to increase day by day due to its heavy consumption by all the major sectors including pulp & paper, solvents, PVC, and many more. Chlorine is a yellow-green gas and a chemical element that is highly reactive and acts as a strong oxidizing agent. In most of the experiments, chlorine plays a major key role which involves in the process of heating chloride salts. Generally, due to its strong reactive nature, chlorine is in the form of ionic compounds. 

Chlorine Market Trends:

Chlorine is majorly used for the killing of disinfectants in water and sanitization, which drive the growth of the chlorine market in upcoming years, and also, as per government regulations, chlorine should be utilized up to 4 mg per liter for domestic and industrial purposes.

Chlorine Market Drivers:

The demand for chlorine usage for protecting drinking water, pharmaceutical & personal industries, defense & law enforcement, and for crop chemicals protection fuels the chlorine market during the forecast period. On the analysis of government standards, chlorine should be 4mg in drinking water and for domestic and industrial purposes. For treating plants, chloramine and chlorine are used which boosts the market growth. Since chlorine is used in many industries, pharmaceuticals cannot satisfy with enough chlorine but require more in the preparation of medical drugs. Experts say that medical drugs prepared by using chlorine can cure asthma, inflammation, blood pressure, anemia, and also epilepsy which further drives the growth of the market. The protection of the army is most important, so manufacturers make use of chlorine in rocket propellants, night-vision goggles, bullet-resistant glass, and many more for army safety. For crop protection, the chemicals used mostly consist of chlorine to increase crop yield which propels the market growth.

Chlorine Market Restraints:

Chlorine consists of combustive nature, which it is difficult for safety norms and transportation, and also the depletion of the ozone layer of the earth’s crust from various end-users of chlorine hinders the chlorine market growth in the upcoming years.

Chlorine Market Opportunities:

Chlorine tends to have remarkable growth in the next coming years since it was made used for the purpose of drinking water, crop protection, defense and law, and also in pharmaceuticals and personal care. The increasing demand for chlorine in different industries would propel the market growth and act as an opportunity during the forecast period.

Chlorine Market Challenges:

Environmental risks and economic factors by the usage of chlorine may hamper the chlorine market growth in the upcoming years.

CHLORINE MARKET REPORT COVERAGE:

Market Segmentation:

Chorine Market - By Application:

• Solvents
• Inorganic chemicals
• EDC/PVC
• Isocyanates & oxygenates
• Chloromethane 
• Others 

EDC/PVC application is dominating the market due to its adverse usage of chlorine in the process of producing EDC/PVC. It has become one of the booming factors across the globe due its high requirement in various industries, including automotive, electrical & electronics, building & construction, and many more, thereby causing growth in the market.

Chorine Market - By End Use:

• Water Treatment
• Pulp & Paper 
• Plastics 
• Pharmaceuticals
• Pesticides
• Others 

In the end-user segment, the water treatment segment tends to act as a predominant role in holding the largest market share during the foreseen period due to concern for safety precautions carried for water supply all over the world. Chlorine had an effective quality of killing germs which in turn was mostly used in water treatment that further propelled the chlorine market growth.

Chlorine Market Regional Analysis:

•  North America 
•  Europe 
•  Asia Pacific 
•  Latin America 
•  Middle East & Africa

The Asia Pacific tends to dominate the market during the forecast period. It is owing to the huge demand for chlorine in various firms in India and China that drives the market growth in the Asia Pacific region. The escalating awareness among the public about water-borne diseases in India and China region makes the market grow rapidly with the highest CAGR. At the same time, North America and Europe are estimated to have significant CAGR, respectively. Despite this, the Middle East & Africa are focusing on increasing the awareness among the public about untreated water showcasing the growth in the MEA region respectively during the forecast period.

Impact of COVID-19 on the Chlorine Market:

COVID-19 which outbreak in early 2020, has turned into a global pandemic crisis with 15 million population getting infected and has already created the loss of over 600 thousand deaths at the global level.

This is owing to the increased emphasis on preventing the spread of COVID-19 and considering the transmission measures to prevent the movement and interactions between humans and also to prevent the spread of the disease. Unfortunately, this has adversely impacted a wide range of industries and created shutdown of businesses due to less or zero returns or investments. These industries are likely to take a longer time than expected to cover. The chlorine has also witnessed a decline in early May. 

Chlorine Market Key Players:

The companies covered in the report include:

1. The DOW Chemical Company
2. OLIN Corporation
3. Occidental Petroleum Corporation (OXY)
4. Ineos Group Limited
5. Tosoh Corporation
6. Formosa Plastics Corporation
7. PPV Industries 
8. Hanwha Chemical Corporation 
9. Tata Chemicals Limited 
10. AkzoNobel NV