Chlorine Market

Chlorine Market Highlights

The global chlorine market is expected to cross a value of USD 27.2 billion by the end of 2032. The market was valued at USD 19.9 billion in 2023 and is expected to expand at a CAGR of 4.6% between 2024-2032.

• Over the mid-term, the rise in demand for chlorine from the agrochemical industries is the primary factor anticipated to drive the global chlorine market.
• The stern environmental guidelines for manufacturing chlorine is a major factor to challenge the market growth.
• The Asia Pacific chlorine market is projected to dominate the global market.

Chlorine Market Outlook

Chlorine is the second lightest element of the halogens group. It stands in between fluorine and bromine in the periodic table. Chlorine has a symbol as Cl and atomic number 17. It is a yellow-green gas at room temperature and an extremely reactive element.

The rapid urbanization, industrialization, and the increasing population around the globe are projected to upshot the demand for clean and safe water, thereby driving the demand for chlorine-based disinfection chemicals. This, in turn, is expected to contribute to the demand for chlorine and contribute to the market growth. As per the statistics by the World Health Organization (WHO), about 1.7 billion people globally used a drinking water source that was contaminated with feces in the year 2022. This concern raises the importance of having potable water, as well as the need to treat water using chemicals, such as chlorine. ANWIL SA (PKN ORLEN SA), Covestro AG, and Ercros SA are some of the significant parties in the global market for chlorine.

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Chlorine Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the global chlorine market are:

• Surge in Production of Chemicals: Chlorine is a multipurpose element that raises its demand in various industries. It helps in the production of various chemicals including PVC (polyvinyl chloride), Chlor-alkali chemicals, solvents, and pesticides. Due to the rising industrial development and technological progressions, the growth of the chemical manufacturing industries is expected to gear the need for chlorine, thereby contributing to the growth of the chlorine market. As per our research, the revenue generated by the global chemical industry was registered at about USD 6 trillion in the year 2022.
• Rising Production of Textiles and Pharmaceutical Drugs: In the manufacturing of antiseptics and disinfectants, such as surface disinfectants, chlorine compounds are widely used. The growing attention towards hygiene and infection control boosts the demand for chlorine-based products in hospitals, labs, and other healthcare facilities. In addition to healthcare, in the textile industry, chlorine-based chemicals are used for the treatment of textiles. The need for textiles and paper products is increasing in developing nations. Hence the use of chlorine-based bleaching agents and chemicals is increasing gradually. According to our research, the global production of chemical and textile fibers touched 114 million tons in the year 2022, up from 24 million tons in the year 1975.

Which Probable Factors Could Hamper the Growing Chlorine Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of chlorine are:

• Stern Environmental Guidelines: The production of chlorine and its usage in various sectors may cause different environmental challenges. The discharge of chlorinated compounds can lead to probable dangers for the ecosystem and human health. Stern environmental regulations and public awareness regarding chlorine-related effluences raise the need among manufacturers to provide cleaner production technologies, efficient waste treatment, and emission controls.
• Undulation in Price of Raw Materials Used to Manufacture Chlorine:  The cost and availability of raw materials such as salt and electricity mark the chlorine production. See-sawing of prices of these raw materials due to certain factors such as energy costs, geopolitical tensions, and supply-demand dynamics impacts the production costs and effectiveness of chlorine manufacturers. Undulating the price of raw materials can hamper the supply chains, affect profit margins, and obstruct long-term planning and investment in the chlorine market.

How is the Global Chlorine Market Segmented?

Our experts at KD Market Insights have segmented the global chlorine market as:

What are the Probable Factors Influencing the Asia Pacific Chlorine Market Forecast?

The Asia Pacific chlorine market is majorly driven by the growing concern for the unavailability of potable water which raises the need for water treatment, followed by the rise in demand for chlor-alkali products in the region. According to the statistics by the World Health Organization, more than 500 million people in the Asia Pacific are known to not have basic access to water supply. Further, the Asian Development Bank reported that more than 2 billion people in the region lacked safe drinking water. Owing to the rising unavailability of potable water, the need for treating water using special chemicals is on the rise, which is expected to increase the demand for chlorine in the region in the coming years.

As per our analysts at KD Market Insights, the following five players lead the Asia Pacific chlorine market growth:

• Nippon Soda Co., Ltd.
• Formosa Plastics Corporation
• INEOS ChlorVinyls
• China National Chemical Corporation
• Tianjin Bohai chemical Industry Group Corporation

Which Key Players Top the Global Chlorine Market Share?

As per our analysts at KD Market Insights, the competitive landscape of global chlorine market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with chlorine market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global chlorine market share:

• ANWIL SA (PKN ORLEN SA)
• Covestro AG
• Ercros SA
• Formosa Plastics Corporation
• Hanwha Solutions/Chemical Corporation
• INEOS
• Kem One
• Nouryon
• Occidental Petroleum Corporation
• Olin Corporation
• Spolchemie
• Tata Chemicals Limited
• Tosoh USA, Inc.
• Westlake Vinnolit GmbH & Co KG
• Vynova Group

What are the Recent Developments Observed in the Chlorine Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with global chlorine market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

For instance, Euro Chlor, a sector group of the European Chemical Industry Council (cefic) stated that the production of chlorine in the European region in January stood at 692,622 tonnes, witnessing an increase of 13.7% on average daily production than the previous month.

Further, Nouryon Chemicals Holding B.V. stated that it has commissioned a chlorine dioxide plant of Arauco’s MAPA project in Chile. The pulp mill project which is valued at USD 2.35 billion would add 1.56 million tons capacity per year of eucalyptus pulp capacity.