Reports and Data titled Chlorine Market provides a thorough assessment of the market. The report analyzes the historical and present-day scenario of the global Chlorine market, to accurately gauge its potential future development. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the Chlorine market, to identify the opportunistic avenues of the business potential for stakeholders.
The global chlorine market is expected to reach USD 49.20 Billion by 2028, according to a new report by Reports and Data. The growth of the chlorine market may be attributed to growing applications of chlorine amongst the end-user industries, such as the pharmaceuticals, water treatment, and chemical industry, among others.
Pharmaceutical products are a crucial part of the nearly USD 3.00 trillion health care systems of the U.S. and Canada. It has been assessed that in the U.S., in 2012, the leading one hundred drugs, in terms of sales volume, possessed chlorine as one of their constituents. Almost 25% of these drugs comprise chlorine in the dose form, and more than 60% of them deploy chlorine in their production process. The production process may deploy chlorine intermediates, which lose their identity in the course of building-up the molecule from smaller constituents. Therefore, chlorine is used in the production of 88% of the popular drugs.
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The following are the key industry participants:
Ineous Group Limited, Tata Chemicals Limited, Formosa Plastics Corporation, PPV Industries, Tosoh Corporation, Hanwha Chemical Corporation, AkzoNobel NV, Occidental Petroleum Corporation, OLIN Corporation, and Nouryon, among others.
The following are the leading regions of the global Chlorine market:
Middle East & Africa
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Production Method Outlook
Mercury Cell Process
Membrane Cell Process
Diaphragm Cell Process
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Further key findings from the report suggest:
By production method, the diaphragm cell process contributed to the largest market share in 2018 and is expected to grow at the fastest rate in the forecast period. A diaphragm, typically of asbestos, is used in separating the chlorine and hydrogen gas spaces and prevents the migration of OH- ions from the cathode to the anode by the velocity of liquid flow against them.
By application, EDC/PVC dominated the market in 2018 and is expected to grow at a rate of 4.7% in the forecast period. Chlorine imparts PVC beneficial properties such as fire-resistance and longevity, among others.
By industry verticals, the water treatment industry held the second-largest market share in 2018 and is likely to grow at a considerable rate in the forecast period.
The market in the Asia Pacific region dominated the market in 2018 and is estimated to witness a CAGR of 5.0% in the forecast period. The high market demand in the Asia-Pacific region may be attributed to the surging demand for PVC in several industries comprising construction & packaging, automotive, and growing demand for wastewater treatment in the region.
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