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Chlorine Market will grow at 4.5% CAGR to exceed USD 38.4Bn in 2021

News   •   Jan 29, 2018 07:40 EST

Zion Market Research has published a new report titled “Chlorine Market for EDC/PVC, Inorganic Chemicals, Organic Chemicals, Solvents, Pulp & Paper, Water Treatment, And Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021, and others”. According to the report, the global Chlorine Market was valued at USD approximate USD 27.2 billion in 2015 and expected to reach approximately USD 38.4 billion by 2021, growing at a CAGR of around 4.5% between 2016 and 2021.

Chlorine a halogen element that is isolated as a heavy greenish irritating gas of pungent odor. Chlorine is one of the most generally used as a purifier for water disinfection. Chlorine can be applied for the deactivation of most microorganisms. Chlorine does not exist by itself & it is generally bounded by other elements. Most chlorine can be found dissolved in seas and salty lakes as well as in the ground as rock salts or halite. Chlorine is used to treat drinking water and swimming pool water. It is also used to make various consumer products from paper to paints and from textiles to insecticides.

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The market is mainly driven by the growing demand from end-user industries such as aromatics, textiles, agrochemicals, pharmaceuticals, insecticides etc. Moreover, chlorine is used as a raw material for the production of an extensive range of important chemicals which is further expected to drive the market demand in the near future. Furthermore, more than 95% of water treatment plants and 85% of pharmaceutical industries across the globe use chlorine in production processes. However, its energy-intensive operations and environmental concerns may hamper the market growth during the forecast period. Nevertheless, increasing demand in EDC/PVC which is required in the construction industry is expected to open up new growth opportunities in the years to come.

On the basis of application, the chlorine market can be segmented into EDC/PVC, inorganic chemicals, organic chemicals, chlorinated intermediaries, isocyanates, pulp & paper, water treatment, and others (TiO2 & HCl). About 20% chlorine is consumed in PVC. EDC/PVC was the leading segment with over 36.0% of the total chlorine consumption in 2015. This growth is mainly attributed to increasing demand EDC/PVC from the construction industry. Inorganic chemicals and organic chemicals are expected to show significant growth in the near future.

Asia-Pacific is projected to be the fastest growing regional market for chlorine. This is mainly due to growing plastic and chemical industries in emerging economies such as China and India, in this region. China is the largest revenue contributor for chlorine market in this region. In 2015, Asia Pacific was followed by Europe and North America in terms of revenue. Europe is another leading regional market for chlorine. This growth is mainly attributed to the presence of a number of chemical industries in this region and this trend is projected to continue over the years.

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Some of the key players in this market are BASF SE, Occidental Petroleum Corporation, The Dow Chemical Company, Formosa Plastics Corporation, PPG Industries, Tata Chemicals Limited, Tosoh Corporation, and Ineos Group Ltd. and Olin Corporation.

The report segments the global chlorine market as:

Chlorine Market: Application Segment Analysis

  • EDC/PVC
  • Organic Chemicals
  • Inorganic Chemicals
  • Solvent
  • Pulp & Paper
  • Water Treatment
  • Other

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