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Chlorine Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2024
Chlorine Market - Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2018–2024
Chlorine, discovered in 1774, is a yellow-green gas at room temperature, highly reactive and
belongs to a halogen family and thus a salt-forming element. It is usually available in
uncombined form but tends to bond with other elements. Chlorine is as heavy as air, has an
intensely choking odor and is extremely poisonous due to which it was used in chemical
warfare in World War I.
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It is extracted from chlorides through mining and electrolysis. In its solid and liquid form it is a
powerful oxidizing, disinfecting, and bleaching agent. It is also majorly used in the production
of water pipes, polyvinyl chloride (PVC) frames, car interiors, electrical wiring insulation,
blood bags, vinyl flooring, textiles, plastics, and petroleum products. Chlorine is used as a
disinfectants for water disinfection. Chlorine can also be used for the defusing of most
microorganisms and is comparatively cheap. It is a key nutrient, vital for human metabolism
and consumed as a common salt.
Prevalent Scenario in Chlorine Market
The market for chlorine expands with the Increasing demands of plastics, automobile,
construction and the flourishing chemical industry, makes Asia-Pacific an appealing market
and also marks it as the fastest growing market for chlorine around the world. China is the
largest consumer for chlorine commodities. Above 80% of chlorine produced around the
world is used as a solvent in pharmaceuticals industry. According to a report by Cision PR
Newswire, “ Due to increase in requirement of EDC/PVC, the chlorine market is predicted to
observe a CAGR of 4.9% between 2014 and 2019 , and is expected to produce a global
market value of $33,362 million by 2019.“ According to a report by the World Chlorine
Council (WCC), about 60 metric tons of chlorine is produced annually.Cost-effectiveness
whereas the increasing regulations are the two major features that are increasing
competition amid producers and observing a rise in strategic associations. Increasing
scarcity of water and its cost across many regions around the world have followed into
increasing requirement for water curing industry. Chlorine and chlorine dioxide are
considerably used in pulp & paper industry as bleaching agents in the paper making
process.
Though, the risk of transporting and handling chlorine due its greatly combustive nature is a
barrier for global chlorine market. Rising environmental concerns such as reduction of the
ozone layer from many pronounced end uses for chlorine have restraint the demand for the
product. It also emits great amount of mercury and also consumes major amount of
electricity. Thus manufacturing process leads to various environmental regulations, which in
turn hinder the growth of global chlorine market. Manufacturers of chlorine are finding
alternative technologies for its production, taking into consideration of the agreements
imposed by the international authorities as well as the government. The manufacturers are
focusing on developing technology of producing chlorine by membrane-based technology,
reducing the influence on environment.
Fragmented Market
The global chlorine market is highly fragmented due to the presence of many established
and local players across the world. Major players involved in the market include Occidental
Petroleum Corporation (U.S.), The Dow Chemical Company (U.S.), Tata Chemicals Limited
(India), BASF SE (Germany), Hanwha Chemical Corporation (Korea), Ineos Group Ltd.
(U.K.), Tosoh Corporation (Japan), PPG Industries (U.S.), Formosa Plastics Corporation
(Taiwan), Olin Corporation (U.S.) and others
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apeksha motghare
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