Chlorine Market Size, Share, Industry, Forecast and outlook (2023-2030)

The chlorine Market is Segmented By End-User(Water Treatment, Pharmaceuticals, Chemical, Paper & Pulp, Plastics, Pesticides, Others), By Application(EDC/PVC, Isocyanates and Oxygenates, Chloromethanes, Solvents, and Epichlorohydrin, Inorganic Chemicals, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Chlorine Market Size, Demand Insights

Chlorine Market size is estimated to reach at a CAGR of 5.4 % during the forecast period (2022-2029).

Chlorine Market Scope and Summary

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Chlorine is a strongly reactive element and a potent oxidant, with the highest electron affinity and third-highest electronegativity on the Pauling scale, trailing only oxygen and fluorine. Electric current is passed through a salt solution to create chlorine. Electrolysis is a process that produces chlorine, caustic soda, hydrogen, and chlorine. Chlorine is the most widely produced compound on the planet.

Chlorine is most commonly employed as a bleach in producing paper and fabric, but it also produces insecticides (insect killers), rubber, and solvents. Chlorine is used to destroy hazardous germs in drinking water and swimming pool water. It's also employed in treating industrial waste and sewage as part of the sanitation process. When chlorine bleach is used with other cleaning chemicals, it can produce chlorine gas. Chlorine was utilized as a choking (pulmonary) agent during World War I.

Chlorine Market Dynamics and Trends

In the manufacturing of polyvinyl chloride, chlorine is a significant raw element. PVC consumption is expected to expand because of rising building, automotive, composite manufacturing, and water treatment applications. The harmful health effects of chlorination, on the other hand, may limit the market growth.

Increasing demand for water treatment

The need for treated water for sanitation and drinking has expanded dramatically in recent years, a trend that will continue in the chlorine industry in the future years. Emerging economies like India, Thailand, and Brazil are increasingly focusing on boosting public awareness about the dangers of drinking unclean water and its involvement in spreading diseases like cholera, typhoid, and Hepatitis E & A. Because chlorine can kill germs and other diseases, it is increasingly used in water treatment.

The compound is increasingly used to purify water in swimming pools and irrigation systems. In addition, numerous countries' governments are enacting tight regulations to regulate the supply of treated, clean, and safe water. These reasons are expected to increase the use of the chemical, propelling the market forward.

Mushrooming consumption of PVC

Chlorine is utilized extensively in the chlorination process required to make PVC. The element's use in PVC has several advantages, including increased melt viscosity and enhanced thermal stability during the manufacturing process. As a result, chlorine is widely utilized in PVC, one of the key market drivers.

PVC consumption is increasing due to the growing demand for siding and piping applications in the building and construction industry, windshield system parts in the automobile industry, and non-breakable containers in the medical industry, all of which are driving up chlorine demand around the world.

The hazardous impact of chlorination

Pretreating water with chlorine to decrease biofouling is the most popular disinfection method. Despite its widespread use, chlorination has significant drawbacks, including the generation of disinfection by-products and ineffectiveness against certain microorganisms. While chlorine effectively eliminates most toxins in water, it also adds other types of toxins, such as trihalomethanes (THMs). When chlorine is put into the water supply and combined with other naturally existing elements, THMs are formed. This can cause asthma, bladder cancer, and heart disease if they enter the body's systems.

 The main disadvantages of chlorination include limited protozoa protection, decreased disinfection efficiency in turbid water, potential taste and odor objections, the need to establish solution quality control, and the long-term impacts of chlorination by-products.

COVID-19 Impact on Chlorine Market Growth

The chlorine demand has decreased due to a nationwide lockdown implemented to stop the spread of the Coronavirus. Countries worldwide are focusing on flattening the infection curve, which has resulted in lockdowns in many countries, stranding millions of people at home. It resulted in the closure of businesses and production & manufacturing facilities, with no economic activity.

Furthermore, government resources devoted to importing or manufacturing vaccines impact investments in other industrial manufacturing sectors such as plastics, chemicals, and pulp & paper. However, chlorine demand will likely improve steadily once the lockdown limitations are lifted.

Chlorine Market Segment and Shares Analysis

By application, the chlorine market is segmented into EDC/PVC, isocyanates and oxygenates, chloromethanes, solvents and epichlorohydrin, inorganic chemicals, and others.

The rising demand for Super Absorbent Polymers (SAP) in Sanitary Pads

PVC is extensively used in the building, construction, and infrastructure industries. Polymeric materials are often used to construct and operate structures, either partially or entirely. Roofing materials, pipe systems, seals, wall panels, coatings, and other goods can all be used. PVC comes in two varieties: hard resins and flexible resins. The majority of growth potential is in rigid resins, with main end-users including fittings, pipe & fittings, windows, fencing, roof tiles, and vehicle parts. Film & sheets, flooring, wire & cable coating, synthetic leather items, and shower curtains are all examples of flexible PVC. EDC is utilized as a solvent in the metal cleaning, textile, and adhesives industries.

In the production of EDC and PVC, a substantial amount of chlorine is required as a raw ingredient. According to Euro Chlor, European chlorine production reached 795,584 tonnes in February 2020. Irrigation, water & sanitation management, building & construction, transportation, power, retail, and other industries continue to see significant investment. PVC items such as wires and cables, pipes, wood PVC composites, and waterproofing membranes play a significant part in the sustainable management of these sectors. The need for residential and office space grows every year as the world's population grows and urbanization accelerates. As a result, demand for PVC in the construction industry is expanding, as the goods provide great function and a long life term.

Chlorine Market Geographical Analysis

The growing demand from end-use industries in Asia-Pacific

The use of chlorine is expanding due to urbanization and increasing demand for fresh water in China and India. The declining quality of agricultural products has recently prompted severe concerns about the agricultural practice's long-term viability. To address the issue, attempts have been undertaken to improve land productivity and supply chain efficiency (while lowering carbon emissions) by incorporating PVC pipes into field irrigation systems.

Furthermore, chlorine is often utilized in the purification of water. Water chlorination adds chlorine or chlorine compounds to water, such as sodium hypochlorite. The approach eliminates bacteria, viruses, and other organisms in the water. Chlorination effectively prevents waterborne diseases such as cholera, dysentery, and typhoid. The packaging sector is the fastest-growing in India, directly or indirectly impacting all industries. Consumption of packaged goods is rising due to urbanization, rising per capita income, and an expanding workforce.

China is a chemical processing giant, producing a sizable part of the world's chemicals. The country's growth accounts for half of the global chemical market's growth. The demand for chlorine in this industry is expected to rise throughout the forecast period, owing to the rising demand for chemicals. Furthermore, China boasts one of the world's largest pulp and paper industries. China is among the world's top three paper producers.

Chlorine Companies and Competitive Landscape

The global chlorine market is highly concentrated, with only a few big companies. To achieve a competitive advantage, industrial manufacturers expand their manufacturing capacities and regional presence. For example, Ercros SA stated in October 2019 that it had completed the third expansion of the chemical compound and caustic soda production facility at the Vila-Seca I factory, with the start of a new electrolyzer that increased the plant's capacity by another 26,000 tonnes per year.

Covestro AG said in June 2018 that it had invested around US$231.6 million in its Tarragona facility in Spain to improve the site's competitiveness for the chemical compound. Oxygen-depolarized cathode technology will be used at the location. Furthermore, the business announced that building the new factory in Tarragona would begin in the first half of 2019.

Major global chlorine market companies include BorsodChem (Wanhua Chemical Group Co. Ltd), Covestro AG, Ercros SA, Formosa Plastics Corporation, INOVYN (INEOS), Nouryon, Occidental Petroleum Corporation, Olin Corporation, Tata Chemicals Limited, and Tosoh Corporation.

Nouryon

Overview: With over 400 years of experience, Nouryon is a leading global customer solutions company that produces critical and sustainable specialty chemicals. They make common items, including personal care, cleaning supplies, paints & coatings, agriculture & food, pharmaceuticals, and construction materials. With a portfolio of industry-leading brands like Eka, Dissolving, Trigonox, and Berol, the company operates in over 80 countries worldwide. 

Product Portfolio: The company is a major supplier of critical chemicals and cutting-edge solutions to the pulp and paper sector. It offers sodium chlorate, a strong oxidizing chemical, pulp bleaching, and a chlorine generator. Because pulp and paper mills already have ClO2 on hand and use it in the bleaching process, its ClO2-based De-NOx technology offers a significant advantage. ClO2 converts to chlorides during the oxidation process, which has no negative impact on the environment, which is another significant benefit.

Key Development: Nouryon announced in April 2019 that it would enhance its manufacturing capacity for chloromethanes methyl chloride by more than 30% at its Frankfurt, Germany facility. This improvement will help clients' supply reliability and assist their expansion goals.

Frequently Asked Questions

What is the Projected CAGR value of the Chlorine Market?

The chlorine Market is expected to grow at a CAGR of 5.4% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Chlorine Market during 2022-2029.

Which is the fastest-growing region in the Chlorine Market?

Among all regions, Asia Pacific is the fastest-growing market share during the forecast period.

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