San Francisco, 02 January 2019, Chlorine
Market Analysis By Application (EDC/PVC, Organic Chemicals, Inorganic
Chemicals, Isocyanates, Chlorinated Intermediates, Propylene Oxide, Pulp &
Paper, C1/C2 Aromatics, Water Treatment) And Segment Forecast To 2024
The global chlorine market is expected to reach USD
39.31 billion by 2024, according to a new report by Grand View Research, Inc.
Chlorine serves as an important raw material in various chemical industries. It
is also an essential ingredient for PVC production, which has observed
increasing demand in construction, automotive, and packaging industries. These
factors are anticipated to drive the global chlorine market.
Increasing demand for chlorine
across various industries for manufacturing intermediate products such as
hydrochloric acid, chlorides, etc. is expected to be a key factor influencing
the market growth.
Price fluctuations due to
uneven demand and supply particularly in Asia Pacific are expected to pose
challenges to key industry participants in the region. Chlorine is highly
reactive when it comes in contact with other materials which increase handling
risk. Toxicological nature of chlorine also adds up to the market
challenges.
EDC/PVC was the largest
application segment and accounted for 34.5% of global demand in 2015.
Escalating PVC demand in construction industry is expected to drive this
segment over the forecast period. It is also expected to witness the highest
growth of 4.8% over the forecast period.
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Report On Chlorine Market Analysis:
Further key findings from the report suggest:
·
Global chlorine market demand
was 71.26 million tons in 2015 and is expected to reach 104.70 million tons by
2024, growing at a CAGR of 43% from 2016 to 2024
·
Asia Pacific was the leading
regional market and accounted for 56.6% of total market volume in 2015.
Increasing construction spending in China, India, Indonesia and Thailand is
expected to drive the regional market over the forecast period. The region is
also expected to witness the fastest growth of 4.7% over the forecast period
due to incessant demand for chlorine in construction as well as chemical
industry.
·
North America is expected to
witness moderate growth mainly on account of recovery of construction in
industry in the U.S. The region is expected to grow at an estimated CAGR of
4.2% from 2016 to 2024.
·
Key market players include
Hanwha Chemical Corporation, Ineos Group Ltd., The Dow Chemical Company, Tosoh
Corporation, PPG Industries, Tata Chemicals Ltd., BASF SE, FMC Corporation,
Olin Corporation, Formosa Plastics Corporation, Occidental Petroleum
Corporation, Xinjiang Zhongtai Chemicals Co. Ltd., and Nirma Ltd.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/disinfectants-and-preservatives
Grand View Research has segmented the
global chlorine market on the basis of application and region:
Global Chlorine Application
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2024)
·
EDC/PVC
·
Organic Chemicals
·
Inorganic Chemicals
·
Isocyanates
·
Chlorinated Intermediates
·
Propylene Oxide
·
Pulp & Paper
·
C1/C2, Aromatics
·
Water Treatment
·
Others
Global Chlorine Regional
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2024)
·
North America
o
U.S.
·
Europe
o
Germany
o
France
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
o
South Korea
·
Middle East & Africa
·
Central & South America
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
