Chlorine Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2026
Chlorine derivatives are used for various applications such as disinfection bleaching, organic chemicals, inorganic chemicals, and metal separation. Chlorine is an efficient disinfectant and is widely used for water treatment processes. Growing residential sector and industrial water treatment industry is expected to propel demand for chlorine in water treatment.
The global chlorine market is expected to exhibit significant growth over the forecast period, owing to increasing demand for chlorine from end-use industry. Caustic soda from chlorine industry is used for pulping wood chips and compounds of chlorine are used to bleach wood and paper pulp in paper production process. Therefore, growing paper industry is also expected to fuel growth of the chlorine market. According to Confederation of European Paper Industries, pulp and paper industry turnover in Europe was over US$ 94 million in 2016, with 0.4% increase from 2015.
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However, increasing environmental awareness is a major factor restraining growth of the chlorine market. According to Euro Chlor, in 2015, emissions for all mercury cells across Western Europe reached 0.68 grams per ton of chlorine capacity, which was slightly higher than the all-time low of 0.74 grams per ton of chlorine capacity in 2014. From October 2007, all EU chlor-alkali plants whether membrane, mercury or diaphragm require an operating permit under the Integrated Pollution Prevention and Control (IPPC) Directive. However, increasing adaption of membrane technology that has less impact on the environment is expected to boost the market growth.
The global chlorine market was valued at US$ 13,948.7 million in 2017 and is expected to register a CAGR of 5.0% in terms of revenue, over the forecast period (2018 – 2025), to reach US$ 20,493.0 million by 2025.
Major players operating in the global chlorine market include, BASF SE, Occidental Chemical Corporation, Ercros SA, Ineos Group Ltd., Olin Corporation, PPG Industries, Tosoh Corporation, Dow Chemical Company, Westlake Chemical Corporation, Solvay S.A., Akzo Nobel N.V., and Covestro AG
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