Growth of Chlorine Market Attributed to Thriving Building Products Industry

As per the findings of a recent IndustryARC report, the growth of the industrial sector in APAC, demand for water treatment, and rampant construction will ensure great profitability in the chlorine market. The global chlorine market was valued at $14 billion in 2018 and is set to grow at a progressing CAGR of 4.8% over the forecast period of 2019 to 2025. Globally 96% of the pesticides production, 98% of the water treatment plants and 85% of the pharmaceuticals production deals with chlorine. The report is titled: “Chlorine Market: By Production (Mercury, Membrane Cell, Diaphragm & Others), By Application (PVC, C1/C2, Chemicals, Chlorinated Intermediaries, Isocyanates, Propylene Oxide, Pulp & Paper, Water Treatment & Others) By End-User & Geography – Forecast (2019-2025).” 

According to IndustryARC analysis, automotive and construction are the renowned applications in the global chlorine market which are projected to grow with a healthy CAGR of 4% during the forecast period 2019-2025. Chlorine act as a chlorinating agent in the organic and inorganic synthesis that is in the manufacturing of automotive anti-freeze. Supreme amount of produced chlorine in the world is utilized in manufacturing four major plastics such as the polyvinyl chloride (PVC), epoxies, polycarbonate, and polyurethane. Nowadays, chlorine is gaining traction from PVC products, as these hold 60% of chlorine by weight and mainly used in building products. To satisfy the rising demand for building products, building products industry is increasing the growth of chlorine production. 

Asia-Pacific held a leading share, which accounted for more than half of the global chlorine market size that is around 55% for the base year 2018. The U.S. is the domineering supplier of chlorinated feedstocks which are majorly used in the production of PVC. Increasing shipments of PVC resin from the U.S. to China, a major consumer of chlorine worldwide. Growing salt production in Asia is also contributing for the growth of the global chlorine market in this region.

Chlorine is produced from brine by undergoing an electrolysis process. It is a strong oxidizing agent, due to its high oxidizing potential chlorine is used in the development of commercial bleaches, disinfectants, and reagent which is useful for numerous processes in the chemical industry. Chlorine act as a household cleaner, an effective sanitizer in poor quality water as it reduces the concentrations of waterborne pathogens: which includes bacteria, molds, viruses, and protozoans. Ubiquitous production of chlorine chemical has a diverse range of applications across the water treatment industry, chemical industry, the pharmaceutical industry, paper and pulp industry, pesticides industry and plastic industry. Chlorine is used in vast range of chemical processes, furthermore, it plays a promising role in providing fiber optics, electronics, energy efficient building materials, 93% of live-saving pharmaceuticals, 86% of crop protection compounds, and medical plastics.

Global Chlorine Market: Competitive Landscape 

Dow Chemical, BASF SE, Occidental Petroleum Corporation, Formosa Plastics Corporation, Ineos Group, Olin Corporation, PPG Industries, Tata Chemicals Limited, Tosoh Corporation, and Hanwha Chemical are some of the key players which are holding major shares in the global chlorine market

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