Chlorine Market Overview
This Chlorine market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape.
Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Digital Instrument Clusters market.
Chlorine, the second-highest lightest chemical of halogen family scientifically appears between fluorine and bromine in periodic table of chemistry. Most Important compound derived from chlorine is common salt. Chlorine was first synthesized around 1630 in a series of chemical reaction.
Chlorine Market outlook
Chlorine is most vital substance used in manufacturing of PVC, chlorinated chemicals, water treatment etc. Rapid advancement in chemical engineering is serving as a catalyst to chemical market.
Chlorine is considered as a most valuable chemical in industry and expected to maintain the same trajectory. It has contributed immensely to the growth of numerous industries across globe and will continue to be pioneering chemical industry. The market is expected to grow with CAGR of 4.9 percent during the forecast period.
Chlorine Market: Growth factor and restraint
The market of chlorine looks demanding and will continue to drive industrial growth in near future. The economic outlook of chlorine market is witnessing a burgeoning growth owing to its demand across various sector.
For instance, it is being used extensively in production of durable plastics. High-rise buildings where gravity, rain and sunlight can deteriorate conventional pipes, chloride pipes on other hand are stronger and more durable.
Rapid urbanization and industrialization are leading to shortage of clean and hence chlorine water treatment plant are in high demand. Chlorine market is flourish in pharmaceutical industries where its demand its very high, especially in antiseptic and medicines.
The market supply chain is however weakened due to recent CO VID19 pandemic. Furthermore, strict regulations and government policies on chemical industries is not favourable options for new entrants
There has been instances of hazardous accidents during transportation of chlorine, which is highly reactive and taxological in nature which further limits the growth of chlorine market.
Chlorine Market: Regional Analysis
In-depth analysis reveal that North America is leading the market, followed by Europe and Asia-Pacific. Middle east and Latin America are emerging as an attractive market for chlorine and derived products.
Developing nations like China and India where rapid urbanization is contaminating ground water. Chlorine water treatment plants are highly demanding in these countries which account for 3 billion of world population altogether.
Furthermore, cleanliness and sanitation are being considered as a top priority in developing nations, chlorine is a fundamental substance used in all public sanitation program and cleanliness drive.
Digital cluster equipment Market: Competitive Landscape
- Ercros SA
- Hanwha Chemical Corporation
- Ineos Group AG
- BASF STata Chemicals Ltd
- Formosa Plastics Group
- Occidental Chemical
Fast growing industrial sector and advance chemical engineering is providing chlorine markets an unprecedented extent of support.
In Oct 2017, AkzoNobel’s Specialty Chemicals business kickstarted the design phase to further expand production of chloromethanes- which is a prime ingredient used in manufacturing of pharmaceuticals and electronics
During same year Vinnolit invested in Grndrof for further expansion of PVC intermediates using single-element chlorine membrane technology. These developments reveal that industries are keen on strengthening value chain in chemical market.
Furthermore, in May 2017, The Aragonese administration given a signoff to expand chlorine production in Sabinanigo using membrane technology with an investment of 12 million euros and three-fold increase in production.
- North America (U.S., Canada)
- Latin America (Mexico. Brazil
- Asia Pacific (China, India, ASEAN, Australia & New Zealand
- Eastern Europe (Poland, Russia)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Middle East and Africa (GCC, S. Africa, N. Africa)
Chlorine Market Segment Analysis
Chlorine market can be segmented based on the following:
By End User Industry
- Paper and Pulp
- Water Treatment
- Durable Pipes
- Isocyanates and Oxygenates
- Inorganic Chemicals
- Solvents and electrolysis