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Chlorine Market to Generate Revenue Worth $63,121.6 Million by 2030

Published Date:   June 2020

Increasing demand for chlorine for water treatment applications, owing to its ability to act as a disinfectant and help in killing germs, bacteria, and microbes is the major factor driving the global chlorine market. With the rising concerns for safe water for drinking and sanitation purposes, the market is expected to generate $63,121.6 million revenue by 2030, advancing at a CAGR of 5.2% during the forecast period, according to the market research report published by P&S Intelligence

Ethylene Dichloride (EDC)/Polyvinyl Chloride (PVC) Category to Generate the Highest Demand

The chlorine market is categorized into EDC/PVC, inorganic chemicals, isocyanates & oxygenates, solvents, chloromethanes, and others, based on application. Among these, the EDC/PVC category is expected to account for the largest market share in coming years. Chlorine is required in high volume, in the chlorination process for the manufacturing of EDC/PVC, and thereby serves as a basic building block for EDC/PVC materials. In order to meet the increasing demand for EDC/PVC from several end-use industries, the consumption of chlorine is projected to increase.

The chlorine market is categorized into plastics, water treatment, pharmaceuticals, pulp & paper, pesticides, and others, on the basis of end use. The water treatment category is expected to hold the largest revenue share during the forecast period. This can be primarily due to the increasing adoption of chlorine, owing to its ability to disinfect water by killing unwanted pathogens. With the increasing awareness of water-borne diseases, the water treatment sector is garnering pace in the consumption of the compound, and thereby boosting the chlorine market.

Geographically, the chlorine market in APAC is expected to witness the highest growth, on account of increase in demand for the compound for PVC production, along with the rise in awareness regarding vitality of water treatment. In addition, a significant demand is expected to arise from application in the pulp & paper industry, as a bleaching agent.

Facility and Geographical Expansion are Key Strategies Adopted by Manufacturers

Players operating in the chlorine market are strategically expanding their geographical presence, along with the expansion of their current production facilities, in order to increase market competitiveness. For instance, in January 2019, Inovyn Limited, a company of INEOS Group Holdings S.A., announced that company has started production from its new membrane chlorine cell room at Stenungsund site in Sweden. The Stenungsund cell room adds to Inovyn extensive chlor-alkali production portfolio across Europe utilizing best available membrane cell technology.

Browse report overview with detailed TOC on "Chlorine Market Research Report: By Application (EDC/PVC, Inorganic Chemicals, Isocyanates & Oxygenates, Solvents, Chloromethanes), End Use (Plastics, Water Treatment, Pharmaceuticals, Pulp & Paper, Pesticides)- Global Industry Analysis and Demand Forecast to 2030" at:https://www.psmarketresearch.com/market-analysis/chlorine-market

In addition, In July 2018, AkzoNobel Specialty Chemicals, now Nouryon, announced that the company will upgrade its Rotterdam chlor-alkali plant to strengthen development of the local industrial cluster. The company is preparing to invest in a second, independent production line for chlorine and caustic soda and will also implement a series of other upgrades, starting with the implementation of new 'e-flex’ technology, which automatically adjusts production in line with electricity supplies. The new production line is expected to be completed in 2021.

Some of the major players operating in the global chlorine market include Nouryon, Occidental Petroleum Corporation, Westlake Chemical Corporation, The Dow Chemical Company, BASF SE, INEOS Group Holdings S.A., Olin Corporation, Covestro AG, Shin-Etsu Chemical Co. Ltd., and Formosa Plastic Corporation.