According to a new report by Expert Market Research titled, “Global Chlorine Market Analysis, Growth, Size, Share, Report and Forecast 2023-2028″, the global chlorine market size is projected to grow at a CAGR of 4.5% between 2023 and 2028. Aided by rapid urbanisation and the ever-increasing need for fresh water, the market is expected to grow significantly by 2028.
Chlorine is a critical chemical compound used in water purification, disinfectants, and bleaches due to its effective antimicrobial properties. It plays a vital role in maintaining the health and safety of human communities by providing clean drinking water and sanitising environments. Apart from its antimicrobial properties, chlorine is extensively used in the production of numerous products, such as paper, plastic, dyes, textiles, medicines, and paints.
The escalating need for clean drinking water is a significant factor propelling the global chlorine market growth. With the growing global population and urbanisation, there is an increased demand for safe and clean water. As the result, the use of chlorine in water treatment plants for disinfection has surged significantly to meet this need, thereby amplifying the demand for chlorine.
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The widening applications of chlorine in various industries is also contributing substantially to the chlorine market expansion. In the pharmaceutical industry, chlorine is a key ingredient in the production of numerous drugs and medical supplies. The plastic and polymer industry uses chlorine to manufacture PVC, a commonly used plastic. Moreover, chlorine’s bleaching properties make it indispensable in the paper and pulp industry, while its role as a base product in paints and coatings expands its demand in the construction and automotive industries.
Additionally, the increasing focus on sanitation and cleanliness due to public health concerns has led to a surge in demand for chlorine-based cleaning products. In the context of the recent global health crisis, the demand for disinfectants and sanitisers has seen a substantial rise, thus positively impacting the chlorine market.
Furthermore, advancements in technology and the development of more efficient chlorine production methods are likely to stimulate market growth. The advent of membrane cell technology for chlorine production, offering a more environmentally friendly and energy-efficient process has been a significant factor in boosting the chlorine market demand.
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Market Segmentation
The market can be divided based on end use and region.
Market Breakup by End Use
• EDC/PVC
• C1/C2, Aromatics
• Chemicals – Inorganic
• Chemicals – Organic
• Chlorinated Intermediaries
• Isocyanates
• Propylene Oxide
• Pulp & Paper
• Water Treatment
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global chlorine companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• OLIN Corporation
• Occidental Petroleum Corporation (OXY)
• Ineos AG
• Hanwha Chemical Corporation
• Others
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