The global chlorine market is expected to reach USD 39.31 billion by
2024, according to a new report by Grand View Research, Inc. Chlorine serves as
an important raw material in various chemical industries. It is also an
essential ingredient for PVC production, which has observed increasing demand
in construction, automotive, and packaging industries. These factors are
anticipated to drive the global chlorine market.
Increasing demand for chlorine across various industries for
manufacturing intermediate products such as hydrochloric acid, chlorides, etc.
is expected to be a key factor influencing the market growth.
Price fluctuations due to uneven demand and supply particularly in Asia
Pacific are expected to pose challenges to key industry participants in the
region. Chlorine is highly reactive when it comes in contact with other
materials which increase handling risk. Toxicological nature of chlorine also
adds up to the market challenges.
EDC/PVC was the largest application segment and accounted for 34.5% of
global demand in 2015. Escalating PVC demand in construction industry is
expected to drive this segment over the forecast period. It is also expected to
witness the highest growth of 4.8% over the forecast period.
In depth research report
on Chlorine Market
Further key findings from
the report suggest:
•
Global chlorine market demand was 71.26 million tons in 2015 and is
expected to reach 104.70 million tons by 2024, growing at a CAGR of 43% from
2016 to 2024
•
Asia Pacific was the leading regional market and accounted for 56.6% of
total market volume in 2015. Increasing construction spending in China, India,
Indonesia and Thailand is expected to drive the regional market over the forecast
period. The region is also expected to witness the fastest growth of 4.7% over
the forecast period due to incessant demand for chlorine in construction as
well as chemical industry.
•
North America is expected to witness moderate growth mainly on account of
recovery of construction in industry in the U.S. The region is expected to grow
at an estimated CAGR of 4.2% from 2016 to 2024.
•
Key market players include Hanwha Chemical Corporation, Ineos Group Ltd.,
The Dow Chemical Company, Tosoh Corporation, PPG Industries, Tata Chemicals
Ltd., BASF SE, FMC Corporation, Olin Corporation, Formosa Plastics Corporation,
Occidental Petroleum Corporation, Xinjiang Zhongtai Chemicals Co. Ltd., and
Nirma Ltd.
Grand View Research has segmented the global chlorine market on the basis
of application and region:
Global Chlorine
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2024)
•
EDC/PVC
•
Organic Chemicals
•
Inorganic Chemicals
•
Isocyanates
•
Chlorinated Intermediates
•
Propylene Oxide
•
Pulp & Paper
•
C1/C2, Aromatics
•
Water Treatment
•
Others
Global Chlorine Regional
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2024)
•
North America
o
U.S.
•
Europe
o
Germany
o
France
o
UK
•
Asia Pacific
o
China
o
India
o
Japan
o
South Korea
•
Middle East & Africa
•
Central & South America
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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