Chlorine Market - Forecast(2022 - 2027)

Amani

85
views

The Chlorine Market size is forecasted to reach US$23.2 billion by 2027, after growing at a CAGR of 5.2% during the forecast period 2022-2027.

Chlorine Market - Forecast(2022 - 2027)

Chlorine Market Overview

The Chlorine Market size is forecasted to reach US$23.2 billion by 2027, after growing at a CAGR of 5.2% during the forecast period 2022-2027. The chlorine generated by the brine electrolysis of a sodium chloride solution is highly electronegative. It is easily capable of absorbing electrons from other atoms and converting them into ions. As a result, it is a highly-effective <span class="NormalTextRun SpellingErrorV2Themed SCXW196277591 BCX0" data:image="" svg+xml;base64,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"));="" border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">oxidizing agent. The chlorinated aromatics produced from chlorine are commonly employed as intermediates in the production of pharmaceuticals, agricultural chemicals and other products. The growth of the chlorine market is primarily driven by the expansion of the chemical industry. Furthermore, the surging global wastewater treatment projects and cleaning industry will increase demand for bleaches, disinfectants, aromatics and other similar products in the upcoming years. The increased demand for such items would drive up the chlorine demand. This, in turn, will boost the market growth between 2022 and 2027. However, due to the Covid-19 pandemic in 2020, the chlorine market was significantly impacted by the temporary shutdown of industries such as chemicals, medicines and others. By the end of 2020, the economic stimulus package, increased workplace measures and other measures to restart the production activities resulted in the chlorine market growth.

Report Coverage

The "Chlorine Market Report – Forecast (2022-2027)” by <span class="NormalTextRun SpellingErrorV2Themed SCXW196277591 BCX0" data:image="" svg+xml;base64,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"));="" border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">IndustryARC, covers an in-depth analysis of the following segments in the chlorine industry.

By Form: Powder, Liquid and Others.

By Packaging: Bags, Drums and Others.

By Application: Pharmaceutical Intermediate, Polyvinyl Chloride (PVC), Pesticides, Chemical Intermediate, Water Disinfectants, Isocyanates and Oxygenates, Chloromethanes, Solvents, Epoxy Resin, Automotive Parts, Cleaning Products (Bleaches, Disinfectants and Others) and Others.

By End-Use Industry: Medical & Healthcare, Chemical Industry (Titanium Dioxide, Methylene Diphenyl Diisocyanate, Toluene Diisocyanate and Others), Water Treatment, Paper and Pulp, Agriculture, Textile, Building & Construction (Residential, Commercial and Industrial), Automotive (Passenger Vehicle (PV), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)) and Others.

By Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World (Middle East (Saudi Arabia, UAE, Israel and Rest of Middle East), and Africa (South Africa, Nigeria and Rest of Africa)).

Key Takeaways

Asia-Pacific region dominated the chlorine market, owing to the surging chemical industry. For instance, according to the Japan Chemical Industry Association, in 2019, the chemicals market of Japan was valued at US$2,076 billion, an increase of 3.1% over 2018.
The surging adoption of chlorine as a pharmaceutical intermediate in medicines to treat diabetes, high cholesterol, seizures and other health problems. This, in turn, is propelling the market growth.
Moreover, the surging demand for poly vinyl chloride (PVC) from building and construction industry is fueling the demand for chlorine. As a result, the market will further grow in the upcoming years.
However, the regulations and restrictions governing the use of chlorine is anticipated to create a major roadblock for the market growth in the upcoming few years.

Figure: Asia-Pacific Chlorine Market Revenue, 2021-2027 (US$ Billion)

For More Details on This Report - Request for Sample

Chlorine Market Segment Analysis – by Application

The Poly Vinyl Chloride (PVC) segment held the largest share in the chlorine market in 2021 and is forecasted to grow at a CAGR of 5.5% during the forecast period 2022-2027. The key properties of chlorine include the density of 3.21*10 - 3 g.cm -3 at 20 °C, melting point at -101 °C, boiling point at -34.6 °C and other properties. These properties result in superior tensile and thermal strength, which ensures higher product durability. Thus, due to these beneficial properties of chlorine, it is often utilized during the production of polyvinyl chloride. Factors such as the surge in construction activities, medical device industry growth, and other factors are driving the demand for polyvinyl chloride. As a result of the aforementioned factors, there is an increase in the use of chlorine in polyvinyl chloride, which is driving market expansion.

Chlorine Market Segment Analysis – by End-Use Industry

The chemical industry segment held the largest share in the chlorine market in 2021 and is forecasted to grow at a CAGR of 5.8% during the forecast period 2022-2027.Chlorine is a major building component used to improve the durability of chemicals such as chloroform, titanium dioxide, methylene diphenyl diisocyanate, toluene diisocyanate and others. The factors such as the expansion of existing businesses, the surging adoption of industrial chemicals and investment in chemical production in the various countries are driving the growth of the chemicals industry. For instance, according to American Chemistry Council Inc.'s recent report, in August 2021, industrial chemical production in the United States increased by 5.9 percent over August 2020. It also anticipates that overall chemical industry production in the United States will expand by 4.3 percent in 2022. Thus, the bolstering chemical industry is expected to fuel the chlorine demand. This leads to market growth in the upcoming years.

Chlorine Market Segment Analysis – by Geography

Asia-Pacific is the dominating region as it held the largest share in the chlorine market in 2021 up to 39%. The growth of the industries such as chemical, water treatment, building & construction and more are vital for the overall industrial growth of the Asia-Pacific countries, which is accelerating the economic growth of the region. The growth of the industries such as chemical, water treatment, building & construction and more are vital for the overall industrial growth of the Asia-Pacific countries, which is accelerating the economic growth of the region. The Asia-Pacific chemical industry is dominated by large corporations that are often highly-diversified and frequently establish agreements with others to expand their market in Asia-Pacific. For instance, according to Invest India, in 2020, the production of chemicals in India was 59.08 lakh tons, and in 2021, it was 73.04 lakh tons, an increase of 23.62%. Moreover, according to the Japan Chemical Industry Association, in the year 2019, Japan was the world's third-largest market for the chemical industry, valued at US$2,076. Also, China was the world leader in the chemical industry, valued at US$14,207 billion. Therefore, the growing chemical industry in the Asia-Pacific region is boosting the demand for chlorine, which in turn, is spurring the market growth.

Chlorine Market Drivers

Surging Wastewater Treatment Projects

Chlorine is often used in water treatment because it kills harmful microorganisms such as bacteria, viruses and parasites. It also helps minimize unpleasant tastes and odors in water. Chlorine also aids in the elimination of slime bacteria, molds and algae that typically form in water supply reservoirs, water main walls and storage tanks. The surge in wastewater treatment projects at the global level is fueling the growth of the water treatment industry. For instance, the construction of the Philippines Aglipay Sewage Treatment Plant in Mandaluyong began in 2020. It will meet stringent national standards that go beyond EU requirements in terms of reducing negative effects on Manila Bay and the Pasig River as well as its environmental footprint. The project is currently under development, expected to be completed by early 2024. Furthermore, the construction work for the future development wastewater treatment project, the "New Upper Thompson Sanitation District Wastewater Treatment Facility" will begin in the U.S in 2023, with the development expected to be completed by 2025. Hence, such projects are fueling the demand for cleaning chemicals, which are expected to propel the chlorine demand, thereby driving the market growth.