Chlorine Market

Chlorine Market - Global Industry
Insights, Trends, Outlook, and
Opportunity Analysis, 2018–2026
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. 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.
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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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Chlorine Market report categorizes global market by product type, end-use industry, and process - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2016–2024

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