The global chlorinemarket is anticipated to grow at a staggering CAGR in the forecast period. Chlorine is used commercially in production of organic and inorganic chemicals and water treatment processes. It enables the producers to select from several processes for manufacture of chlorine.
The
chlorine market is driven significantly by rise in demand from chemical
industry, medical domain. Increase in demand from the construction industry is
expected to stimulate the market during the forecast period. Apart, chlorine is
mainly used for water filtration and treatment process. It is widely used as a
raw material to manufacture a range of chemicals, which, in turn, exhibits its
versatility and form. It is used in PVC for composite manufacturing and
automotive applications.
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End-user
segmentation for chlorine market comprises pharmaceutical industry, chemical
industry, water treatment industry, paper and pulp industry, pesticides
industry, and plastic industry. By application, the chlorine industry is highly
segmented as isocyanates, propylene oxide, chlorinated intermediaries, organic
chemicals, inorganic chemicals, and ethylene dichloride and polyvinyl chloride.
Asia-Pacific
dominates the chlorine market in terms of market demand and consumption from
medical sector. Manufacturing sector being at prime holds a significant market
position in the APAC sector; thanks to increase in demand for chlorine
derivatives from end-use industries such as cosmetic, pharmaceutical, food
processing, paints, coatings, and adhesives. North American and European
markets are likely to gain a dominant position due to rise in demand by
chemical industries. Untapped potential opportunities in the water treatment
and plastic industries in the North America are anticipated to grow at a higher
CAGR in the forecast period.
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The
prominent players in the chlorine industry include Hanhwa Corporation, Ineos
Group Ltd, The DOW chemical Company, PPG Industries, Tosoh Corporation, BASF
SE, Tata Chemicals Ltd, FMC Corporation, Formosa Plastics Corporation, Xinjiang
Zhongtai Chemicals Co Ltd, Occidental Petroleum Corporation, and Nirma Ltd.
Market
Segment:
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
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