The chlorine market will experience high demand from water treatment facilities, paper and pulp industry, and the pharmaceutical industry during the forecast period 2019-2025. One of the primary segments of the [FURL=https://www.industryarc.com/Report/15777/chlorine-market.html]chlorine market[/FURL] is water treatment where chlorine is being used for its property of easily killing pathogens inside infected or contaminated water. 58 million metric tons of chlorine is produced every single year for its primary and tertiary applications. This production will get further elevated with the demand for chlorine rising across all sectors. Owing to its properties of being an excellent oxidizing agent, acting as a disinfectant, and ability to bleach, chlorine has large scale industrial application. Some of the industries where chlorine is being immensely used are water treatment, plastic, pesticides, chemical, pharmaceutical, paper and pulp, and others.Chlorine is also produced for its compounds that are highly beneficial to the human civilization. Chlorine products worth $1 billion were imported throughout the world for commercial purposes. Common salt for example contains sodium chloride which is again produced chemically if not naturally found. But the Earth’s water resources are abundant in common salt. Chlorine is therefore extracted from common alt through brine electrolysis and used in commercial activities. Another common compound is polyvinyl chloride which contains approximately 57% chlorine per molecule. PVC is highly used in the construction sector for its extreme durability, strength, and high resistance to moisture.Global Chlorine Market: Competitive Landscape
The chlorine market size will witness growth with a CAGR of 4% during the forecast period 2019-2025. Additionally, the chlorine market size also reached $14 billion in 2018.
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Growth Drivers Impacting The Chlorine Market
· Chlorine-based Pesticides and Insecticides To Benefit The Market- Every year, crops are damaged across the world due to several factors including change in climate, floods, and others. A primary cause of crop damage is insects and fungi that feast on crops and are reported to cause hefty financial losses to both the farmers and the agricultural industry.
· Increasing Usage Of Chlorine In the Personal Care Industry- The chlorine market has therefore found abundant application in the personal care industry. Furthermore, hair care market is also making usage of chlorine. A growing number of people are opting for hair color which requires bleaching of hair. Chlorine is used in hair and facial beaches, thus providing growth to the chlorine market.
Global Chlorine Market: Competitive Landscape
Companies which are ahead of the curve in the chlorine market are Dow Chemical, BASF SE, Occidental Petroleum Corporation, Formosa Plastics Corporation, Ineos GroupOlin Corporation, PPG Industries, Tata Chemicals Limited, Tosoh Corporation, and Hanwha Chemical.
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