10th December 2019 – The global chlorine
market 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.
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.
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