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CHLORINE MARKET ANALYSIS

Chlorine Market, By Form (Powder, Liquid, and Others), By Packaging (Bags, Drums, and Others), By Application (Disinfection, Bleaching, Organic Chemicals, Inorganic Chemicals, and Metal Separation), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : Jun 2024
  • Code : CMI277
  • Pages :312
  • Formats :
      Excel and PDF
  • Industry : Bulk Chemicals

Chlorine Market Size and Trends

The global chlorine market is estimated to be valued at USD 40.53 Bn in 2024 and is expected to reach USD 53.69 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.

Chlorine Market Key Factors

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As a core component in PVC production, chlorine continues to see steady demand globally from the construction industry. While demand may fluctuate slightly with macroeconomic conditions, the non-discretionary nature of products containing chlorine means that consumption is less vulnerable to economic downturns compared to more luxury-oriented industries. Effective replacement of chlorine also remains a challenge given its unique chemical properties, ensuring ongoing need from industrial applications. Any major disruptions would require developers to find suitable substitute compounds that can fulfill the same functionalities as chlorine in terms of reactivity and cost profile. Barring such developments, the market is forecast to see mostly consistent expansion out to 2031.

Rising Demand from Water Treatment Industry

The water treatment industry has seen immense growth in recent years as access to clean drinking water has become a high priority around the world. As populations and cities expand, so does the need to treat larger volumes of water to meet safety and health standards. Chlorine plays a crucial role in water disinfection, helping to kill harmful bacteria and pathogens that can pollute water sources. Most municipal water treatment facilities now rely on chlorine to purify water before it reaches homes and businesses. With urbanization continuing apace, especially in developing regions of Asia and Africa, the number of people requiring treated water will keep rising exponentially. This translates to higher consumption of chlorine by water treatment plants and establishments. Various countries have also tightened regulations for water quality, upping the chlorine dosage levels that must be adhered to. As awareness about waterborne diseases spreads and water scarcity becomes more prevalent, demand from this sector will remain robust for chlorine in the foreseeable future.

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Increased Infrastructure Development

Rapid infrastructure growth has been a defining feature of the developing world economy in recent decades. Huge investments are being made in building new highways, rail lines, airports, seaports, power plants, pipelines, residential and commercial complexes - essentially expanding the core infrastructure that supports industry and economic activity. Chlorine is used to produce indispensable materials like polyvinyl chloride (PVC), ethylene dichloride (EDC), ethylene chloride (EC) that then find application as plastics, pipes, insulation, roofing sheets, paints and other infrastructure-grade products. The infrastructure boom has led to a boom in demand for these end-use materials as well. With infrastructure development likely to remain a high priority spending area for governments worldwide, underpinned by the need for better transport, energy, and housing facilities, it ensures the contribution of chlorine to this sector will keep growing in the coming years. Both developing and developed market regions are participants in the ‘build-out’ underway, offering lucrative business opportunities for chlorine producers.

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