Chlorinating Agents Market

Chlorinating Agents Market Outlook

The chlorinating agents market is anticipated to record a CAGR of 4.3% during the forecast period. It is expected the market value will go up from US$ 72 Mn in 2021 to reach a valuation of US$ 96.5 Mn by 2032.

Chlorinating agents are used to adding chlorine atoms to other chemicals for the purpose of cleaning at an affordable price. Over the years, the demand for chlorinating agents has grown up in a number of sectors. The sales of chlorinating agents for household use were reported to be growing significantly year on year.

Traditionally most of the demand for chlorinating agents was derived from the manufacturing industries for cleaning raw materials and finished products. Improving economic conditions and the growth of consumerism across the world are poised to favor the chlorinating agents market share in the global economy. Its introduction in the food and beverage industries has also surged the demand for chlorinating agents in the global market.

The sales of chlorinating agents for medical applications have gained momentum in the recent past due to advancements due to the discovery of its new uses in biological activity. Increased spending in medical research is predicted to create some new opportunities for the global chlorinated agents market during the forecast period.

What are the Driving Factors for the Chlorinating Agents Market in the Coming Years

Globally, the chlorinating agents market is estimated to be driven significantly owing to strong demand from end-use industries such as water and wastewater treatment, food and beverages, pharmaceutical, and paper industry. Across the globe, pharmaceutical industries are projected to drive the sales of chlorinating agents in the upcoming years in line with increasing product innovation and development, thus creating significant growth opportunities.

Moreover, increasing consumption of food preservatives is bound to result in prominent growth in demand for chlorinating agents during the forecast period. Chlorinating agents are widely used in the treatment of potable water and facilities such as swimming pools. The need for a safe and disinfected water supply for drinking and other uses is a major driver for the sales of chlorinating agents and is projected to help market growth.

However, the downturn in the economies of the various regions and hazardous effects related to over-exposure to chlorinating agents are expected to restrain the sales of chlorinating agents in the upcoming years. When both organic and inorganic chlorinating agents are mixed and cross-contamination occurs, they can form an explosive combination, which is hazardous to the environment as well as its inhabitants. Such negative properties have a severe downturn effect on the demand for chlorinating agents in the global and regional markets.

Which is the Leading Geographical Region for the Chlorinating Agents Market

From the regional perspective, the Asia Pacific is projected to account for the dominant chlorinating agents market share during the forecast period, owing to demand from various end-use industries, which are projected to register significant growth in the coming years. The demand for chlorinating agents in the Asia Pacific market is also expected to grow with lucrative growth opportunities for the manufacturers, especially in emerging economies such as China and India.

Recently, in China and India, the end-use industries such as food, pharmaceutical, water, and wastewater treatment have registered a significant demand for chlorinating agents, owing to the growing population and urbanization. Moreover, North America is projected to witness significant growth in the sales of chlorinating agents during the forecast period, owing to continuous innovation and development in the field of the pharmaceutical industry.

Europe is also expected to register considerable growth in the demand for chlorinating agents in the upcoming years, although stringent regulations have the potential to hamper the sales of chlorinating agents in the global market. Moreover, Latin America and Middle East & Africa are projected to witness relatively moderate growth in the global chlorinating agents market share during the forecast period.

Nikhil Kaitwade

Principal Consultant

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Who are the Key Players in the Chlorinating Agents Market

Some of the key players in the global chlorinating agents market includes include BASF SE, The Dow Chemical Company, DIC CorporationAGC Chemicals, Nouryon, Heetu Chemicals & Alkalies Ltd., Acuro Organics Limited, Organics Industries Pvt. Ltd., TGV Group, Lords Chloro Alkali Limited, Aditya Birla Chemicals, Lantai Industry.

A major portion of the chlorinating agents market share is captured by chemical industries situated at various locations. However there has been a growth in local manufacturers owing to the growing demand for chlorinating agents. The sales of chlorinating agents through these retail channels is expected to create a highly competitive market for the global players.

Major Developments in the Chlorinating Agents Market

• In December 2021, Nature Chemistry published a report on newly discovered method of using deaminative chlorination of aminoheterocycles for the production of new drugs. This discovery is anticipated to create a new segment for the sales of chlorinating agents in the global market.

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