Global Chlorine & Chlorine Derivatives Market size is forecast to reach around $25 billion by 2025, after growing at a CAGR of 6% during 2020-2025. The key driving factors of this market are the stringent government regulations, increasing investment in the industrial sector, growing adoption of chlorine treated water, and rising awareness among consumers about the adverse impacts of pollutants. Moreover, the growing uses of Chlorine & Chlorine Derivatives as a disinfectant, removal of microorganisms, control of taste and odors, color reduction, iron and manganese oxidation, and destruction of organic matter across various applications such as water treatment and personal care sector are also driving the growth of global Chlorine & Chlorine Derivatives market size over the study period. Besides, the Chlorine & Chlorine Derivatives are also used as bleaching agents due to its excellent oxidation property also contributing to the growth of Chlorine & Chlorine Derivatives market share worldwide during the forecast period.
Type - Segment Analysis
Sodium hypochlorite held the largest share of more than 30% in 2019 and is projected to witness a significant growth in the global chlorine and chlorine derivative market during the forecast period. This growth is attributed to its wide use on a large scale for surface purification, bleaching, odor removal, and water disinfection. Though sodium hypochlorite is corrosive but the transport and storage of sodium hypochlorite are safe. Sodium hypochlorite decomposes naturally, therefore it cannot be stored for more than one month at a time.
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Application - Segment Analysis
The water and wastewater treatment segment held the largest share of more than 25% in 2019 and is projected to witness a highest CAGR 8% in the Chlorine & Chlorine Derivatives market during the forecast period owing to the owning to the growing uses of chlorine disinfectant in drinking water, swimming pools, and well water treatment. It is an effective method of water treatment as it can eliminate an overload of pathogens relatively quickly. Therefore, owning to these factors it is widely used in municipal industries. The rise in number of water treatment plants in emerging nations like China, India, and in African country are also contributor to the growth of this segment, which in turn propel the growth of this market.
Geography - Segment Analysis
Among the regions, the APAC hold the largest share of more than 40% in 2019 and is projected to witness the highest CAGR of around 8% in the global Chlorine & Chlorine Derivatives market followed by North America and Europe during the forecast period. This growth is attributed to the rising population and growing wastewater treatment industry across the region. For instance, in July 2019, Suez, a French utility-based company won a contract worth of $ 161.4 million to build and operate a wastewater treatment plant in India. Additionally, the fastest-growing industrial sector is also contributing for the growth of this market in APAC region. Moreover, China, Japan, India, Thailand, and Malaysia are the major countries are driving the growth of Chlorine & Chlorine Derivatives market in APAC region.
Drivers – Chlorine & Chlorine Derivatives Market
Growing uses of chlorine & chlorine derivatives as a disinfectant globally drives the market growth
The World Health Organization (WHO) approved the use of chlorine as a major disinfectant. Chlorine can be added to water to disinfect it and kill germs. Hence, chlorine & chlorine derivatives are used for water and wastewater treatment in developed and developing region in order to provide safe water to the people. The limited availability of potable water has given rise to the recycling of wastewater which is creating need for water treatment plants which in turn is driving this market. Moreover, the demand for chlorine & chlorine derivatives products are growing from regions where water is a scarce source like African countries. For instance, in April 2019, in Africa, more than 300 million people in Africa still lack safe drinking water. So in order to provide safe drinking water, the French company Gazechim providing chlorine gas on the continent for water treatment. Furthermore, various governments, non-profit, and business organizations all over the world are working on several projects of cleaning and protecting and filter water natural resources to provide clean and hygienic water in several sectors such as household, industrial, and other recreational activities. The regulations set by the U.S. Environmental Protection Agency (EPA) permit the use of chlorine and chlorine derivatives for the treatment of wastewater plants. These projects are initiated due to water scarcity in many rural areas and expected to add impetus to the chlorine market. For instance, in January 2019, the African and European countries are working together for the SafeWaterAfrica project. The Fraunhofer Institute for Surface Engineering and Thin Films IST in Braunschweig are coordinating the project.
Growing usage in Pharmaceutical and Personal Care Industry
Chlorine and its derivatives are considered as an important industrial chemical across various end-user industries including Pharmaceutical and Personal Care Industry. The demand for chlorine and its derivatives is growing from pharmaceutical industry due to chlorine is considered a major ingredient in medical drugs that is prescribed for the treatment of asthma, blood pressure, epilepsy, inflammation, and anemia. Furthermore, the growing number of health issues worldwide is surging the demand for more drugs. This growing demand propel the uses of chlorine from the pharmaceutical industry, which in turn drives the growth of this market. Besides, due to its excellent oxidation properties, Chlorine is used as a bleaching agent in a number of personal care products. For instance, the growing uses of chlorine & chlorine derivatives in hair and facial beaches, propels the growth this market.
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Challenges – Chlorine & Chlorine Derivatives Market
Formation of unwanted byproducts and high transportation cost
Chlorine can react with different substances. The major impurities available in the wastewater like dissolved iron, hydrogen sulphide, bromine, ammonia, nitrogen dioxide, and organic matter. As a consequence, in certain case for the treatment of wastewater it would need to add more chlorine for the same inactivation level. The effect of chlorine reaction with impurities may improve the water quality, whereas in other cases, the chlorine-impurity reactions may produce unnecessary side products that are harmful to human health such as trihalomethanes, which causes cancer. Therefore, this factor acts as a restrain for the growth of this market. However, chlorine finds its application in many different sectors, but it is also toxic and hazardous. Hence, it requires a high level of safety. The vehicles used for transportation use specially designed pressurized tank containers which shoot up the logistics cost. This growth in transportations cost is also consider as a challenging factor to the growth of this market.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Chlorine & Chlorine Derivatives market report. In 2019, the market of Chlorine & Chlorine Derivatives top 10 companies accounting for xx% of the share. Major players in the Chlorine & Chlorine Derivatives Industry outlook are BASF SE, Ecolab Inc, Kemira OYJ, Solenis LLC, Akzo Nobel N.V., DuPont, Nuberg EPC, Bayer AG and Baker Hughes Incorporated, among others.
Acquisitions/Technology Launches
In February 2018, AkzoNobel Specialty Chemicals and Evonik Industries formed a joint venture to produce 75,000 metric tons of chlorine per year and 120,000 metric tons of potassium hydroxide at the company’s Ibbenbüren site in Germany.
In July 2019, Nuberg EPC signed a contract with SCE Chemicals to produce and deliver caustic soda, hydrochloric acid and sodium hypochlorite chlorine. The chlorine derivatives produced from the chlor-alkali plant in Morocco will be used for disinfection and water treatment industrial processes.
Key Takeaways
In North America region, in 2019, the USA and Canada are the major market for the Chlorine & Chlorine Derivatives owing to its wide consumption by the water treatment plants across the nations.
Due to stringent regulations and restriction on paraquat usage in European countries are hindering the growth of global market.
The outbreak of COVID-19 is also hampering the growth of this market globally.
Increasing onsite water-reuse by various industries drives the market growth.
Growing population and rapid industrialization in both developed and emerging markets, demand for fresh and safe water has gained traction.
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