Chlorine belongs to the group of halogen chemicals. Chlorine is one of the most generally used as a purifier for water disinfection. Chlorine can be found dissolved in seas and salty lakes as well as in the ground as rock salts or halite. Chlorine is an important raw material widely used in the production of polyvinyl chloride. Chlorine is also used to make various consumer products from paper to paints and from textiles to insecticides. According to Zion Market Research Analyst, the global chlorine market was valued at USD approximate USD 27.0 billion in 2015 and expected to reach approximately USD 38.0 billion by 2021, growing at a CAGR of around 4.5% between 2016 and 2021.
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The chlorine market has experienced a rapid growth in the last few years on account of the increasing demand from aromatics, pharmaceuticals, textiles, agrochemicals, insecticides etc. Moreover, about 95% of water treatment plants and 85% of pharmaceutical industries across the world use chlorine in production processes. Thus, increasing demand from water treatment and pharmaceutical industries are expected to propel the market growth in the years to come. However, increasing environmental issues coupled with the presence of stringent regulations from various regulatory bodies such as FDA, WHO, IARC, etc. is expected to affect the industry over the forecast period. Nevertheless, strong demand in EDC/PVC which is used in the construction industry is projected to open up new growth avenues in the coming years.
Based on application, the chlorine market can be categorized into EDC/PVC, inorganic chemicals, organic chemicals, chlorinated intermediaries, isocyanates, pulp & paper, water treatment, and others (TiO2 & HCl). EDC/PVC held the largest share of the total chlorine consumption in 2015. This growth is mainly due to increase demand EDC/PVC from the construction industry. Water treatment is another key outlet of chlorine market owing to growing government support to use of chlorine as non-toxic reagents for water treatment and bleaching.
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Based on geography, the global market of chlorine is bifurcated into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. Asia Pacific was the largest regional market for chlorine in 2015. Asia Pacific is expected to be the fastest regional market for chlorine due to large consumption base and growth of chemical industries. Europe followed Asia Pacific in terms of demand in 2015. Europe is expected to exhibit strong growth within the forecast period on account of increasing industries in this region.
Some of the key players in this market are Petroleum Corporation, The Dow Chemical Company, Tosoh Corporation, and Ineos Group Ltd. Formosa Plastics Corporation, PPG Industries, Tata Chemicals Limited, BASF SE, Occidental and Olin Corporation.