The estimated progress path navigated by the global chlorine market will likely traverse at a CAGR of 4.5%, floating its size to USD 24.19 billion by 2034. The global chlorine market size will be measured at a USD 15.58 billion valuation by 2024.
| Attributes | Key Insights |
|---|---|
| Estimated Market Size in 2024 | USD 15.58 billion |
| Projected Market Value in 2034 | USD 24.19 billion |
| Value-based CAGR from 2024 to 2034 | 4.5% |
The historical figures suggest that the leading chlorine producers helped the chlorine market traverse its progress path at a CAGR of 3.6%. This inflated the market size from USD 12.5 billion to USD 14.91 billion from 2019 to 2023.
The historical period emphasized water sanitation in several areas. The growing consumer awareness regarding pure water surged the demand for disinfectants. Thus, this was a key growth driver of the chlorine market.
The COVID-19 pandemic surged the demand for medicines, where Chlorine is an integral factor. Subsequently, the pharmaceutical industry grew, generating more demand for the leading chlorine producers. Hence, this increased the chlorine market size.
| Historical CAGR from 2019 to 2023 | 3.6% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 4.5% |
Growth drivers of the chlorine market suggest that it will likely be driven by the growing technological infrastructure and innovation trends. Due to this, leading chlorine producers will benefit because the production of chlorine and other related compounds can be simplified, supporting the chlorine market growth.
The growing environmental awareness forecasts an assertive impact of water treatment on chlorine demand. Chlorine, being an effective disinfectant, will be demanded more, driving the chlorine market size.
The growing technological infrastructure and the extensive use by the leading chlorine producers to produce less hazardous chlorine compounds drive the chlorine market growth and size in North America. Moreover, emphasis on water treatment activities drives the market.
Europe’s focus on sustainability enhances investment opportunities in leading chlorine producers, encouraging them to produce innovative chlorine compounds and associated products. The growing population and the rising rate of urbanization in Asia-Pacific create many prospects for the chlorine market, making it a highly contributing region.
Forecast CAGRs from 2024 to 2034
| Countries | Forecasted CAGR |
|---|---|
| South Korea | 2% |
| The United States | 2.5% |
| Spain | 3.3% |
| China | 5% |
| India | 6.7% |
In response to the rising precariousness of water pollution, South Korea is investing in water treatment projects. To achieve desired results, leading chlorine producers are asked to use green technology.
This will likely uplift the chlorine demand to be used as a disinfectant. Due to these factors, South Korea will likely experience sluggish progress in the chlorine market size and growth at a CAGR of 2%.
The United States will likely forecast the chlorine market size and growth at a sluggish CAGR of 2.5% through 2034. Polyvinyl chloride is a key compound used in various industries, surging the chlorine demand.
Also, chemical manufacturing utilizes cutting-edge technology, enhancing chemical extraction and storage. So, the chlorine demand will increase, fueling the chlorine market growth.
Leading chlorine producers produce chlorine to meet the needs of the pharmaceutical industry. As chlorine is extensively used in formulating drugs, its demand will likely surge in the forecasted period.
The emphasis on sustainability will encourage the country to use chlorine as a disinfectant, governing chlorine market trends. Consequently, the Spanish chlorine market size and growth will occur at a CAGR of 3.3%.
The Chinese chlorine market will advance moderately at a CAGR of 5%. The increasing rate of industrialization rapidly pollutes water resources, alarmingly increasing water pollution.
The Chinese government focuses on ensuring water security and has developed regulatory policies to reduce the issue. Leading chlorine producers will be in demand due to the increased need for chlorine compounds as disinfectants in several sectors.
Due to the increased governmental support for domestic production, the growth in many key industries is observed. Subsequently, the growth in the Indian chemical industry is observed.
Industries require chlorine substantially, encouraging leading chlorine producers to produce chlorine compounds on a mass level. Therefore, the Indian chlorine market size and growth will be the highest, occurring at a CAGR of 6.7%.
| Category | By Application - EDC/PVC |
|---|---|
| Market Share in 2024 | 32.5% |
| Market Segment Drivers |
|
| Category | End Use - Plastics |
|---|---|
| Market Share in 2024 | 33.4% |
| Market Segment Drivers |
|
Leading chlorine producers vastly govern the chlorine market growth within the competitive landscape. With the implementation of diverse strategies, including partnerships, collaborations, mergers and acquisitions, and penetration, these key players occupy a substantial market space, fueling the chlorine market size.
Strategies for new entrants to compete in the chlorine market include product innovation, effective marketing, and differentiated brand positioning. These will allow new entrants or the start-up ecosystem to propagate, fueling the chlorine market growth.
Key Market Developments
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 15.58 billion |
| Projected Market Valuation in 2034 | USD 24.19 billion |
| Value-based CAGR 2024 to 2034 | 4.5% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
| Key Market Segments Covered | By Application, By End Use, By Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | BASF SE; Olin Corporation; The Dow Chemical Company; Occidental Petroleum Corporation; Ercros; PPG Industries; Hanwha Chemical Corporation; Formosa Plastics Corporation; De Nora; Ineos Group Ltd; INOVYN; Tata Chemicals Limited; Xinjiang Zhongtai Chemicals Co. Ltd; Tosoh Corporation |
The chlorine market is estimated to progress at a CAGR of 4.5% through 2034.
The chlorine market will likely reach USD 24.19 billion by 2034.
The chlorine market will attain a market size of USD 15.58 billion in 2024.
The chlorine market's EDC/PVC segment will hold 32.5% of the market share in 2024.
The chlorine market's plastics segment will likely secure 33.4% of the market space in 2024.
Explore Inorganic Chemicals Insights
Chlorine Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
