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Unprecedented Surge Expected in Global Chlorine Demand in Future

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Unprecedented Surge Expected in Global Chlorine Demand in Future

February 24
13:56 2021
Unprecedented Surge Expected in Global Chlorine Demand in Future
The global chlorine market is predicted to witness a 5.2% CAGR during the forecast period by P&S Intelligence.

The global chlorine market is predicted to reach $63,121.6 million by 2030, from $36,845.0 million in 2019, at a 5.2% CAGR between 2020 and 2030. The primary driving factor for the industry is the increasing consumption of this material for the treatment of water, as the awareness about the presence of germs and other toxic compounds in polluted water and the dangers of consuming it is rising.

Download report sample at: https://www.psmarketresearch.com/market-analysis/chlorine-market/report-sample

Due to the ability of chlorine to disinfect the water by deactivating or killing bacteria and other pathogens, it is used in heavy amounts at water treatment plants. Another related factor helping the chlorine market advance is the heavy consumption of the material in swimming pools, in order to reduce the risk of cholera, typhoid, Hepatitis E, and Hepatitis A. The number of personal as well as public swimming pools is rising in the Latin American and Asia-Pacific (APAC) regions, on account of the increasing living standards here, thereby propelling the demand for chlorine.

During 2020–2030, the fastest chlorine market growth is predicted to be experienced by the ethylene dichloride (EDC)/polyvinyl chloride (PVC) category, under segmentation by application. This would be because of the rising consumption of this chemical element for the manufacturing of EDC, most of which is itself used during the production of PVC. A wide array of construction materials, such as door gaskets, pipes, shingles & sidings, insulation, and furnaces, as well as the coatings of wires and cables, along with automotive parts, are made from PVC. Therefore, owing to the high demand for PVC, the consumption of chlorine for the production of EDC, which is one of the main raw materials for PVC manufacturing, is increasing.

During 2014–2019, Asia-Pacific (APAC) dominated the chlorine market, and it is also expected to witness the highest CAGR between 2020 and 2030. This is ascribed to the high demand for chlorine-containing products, majorly PVC, in the medical, building & construction, electrical & electronics, and automotive industries of Indonesia, India, China, and other developing nations in the region. Additionally, several campaigns are being organized in the region to increase the awareness about water treatment, which is driving the requirement for chlorine. Moreover, the consumption of this material is also surging in the regional pharmaceutical sector, in the manufacturing of drugs for diabetes, high cholesterol, stomach ulcers, cancer, depression, anemia, high blood pressure, asthma, and several other conditions.

Browse full report at: https://www.psmarketresearch.com/market-analysis/chlorine-market

The major players in the global chlorine market are Occidental Petroleum Corporation, Nouryon, The Dow Chemical Company, Westlake Chemical Corporation, INEOS Group Holdings S.A., BASF SE, Covestro AG, Olin Corporation, Formosa Plastic Corporation, Shin-Etsu Chemical Co. Ltd., KEM ONE SAS, and Evonik Industries AG.

Market Size Breakdown by Segment

By Application

  • Ethylene Dichloride (EDC)/Polyvinyl Chloride (PVC)
  • Inorganic Chemicals
  • Isocyanates & Oxygenates
  • Solvents
  • Chloromethanes

By End Use

  • Plastics
  • Water Treatment
  • Pharmaceuticals
  • Pulp & Paper
  • Pesticides

Geographical Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina 
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa

Browse Other Reports

Chloromethanes Market – https://www.psmarketresearch.com/market-analysis/chloromethanes-market


Fatty Acid Esters Market – https://www.psmarketresearch.com/market-analysis/fatty-acid-esters-market

Media Contact
Company Name: P&S Intelligence
Contact Person: Abhishek
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Phone: +918887787886
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City: Noida
State: UP
Country: India
Website: https://www.psmarketresearch.com/market-analysis/chlorine-market

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