High Growth of Chemicals and Plastics Industries Driving Demand for Chlorine

The growth of the global chlorine market is supported by the high demand for chlorine derivatives from across various applications such as paints, coatings, food processing, adhesives, pharmaceuticals, cosmetics, and water. The use of chlorine as a raw material for the manufacturing of other chemicals is a key reason why the market is growing. The booming construction is also expected to boost the growth of the chlorine market. The flourishing chemicals and plastics industries will also help the market to grow. In addition to this, the growing requirements form the residential sector will also boost the demand for chlorine. The demand for chlorine from the packaging industry will also help drive the growth prospects for this market. According to a recent market report published by Transparency Market Research (TMR), this market is anticipated to rise from US$31.1 bn in 2017 to US$42.7 bn by 2022, expanding at a 6.5% CAGR between 2017 and 2022. 

TMR, in this blog post answers three important questions regarding the global chlorine market:

Q. What are the factors boosting the growth of the chlorine market?

One of the factors that is anticipated to increase the demand for chlorine is the capacity expansion in Asia Pacific on account of the booming chemicals industry and high growth of the plastic industry. Moreover, the increasing residential requirements from China and India in Asia Pacific will also boost the demand for chlorine, driving the market’s growth. In addition to this, the mercury cell technology is expected to dissolve completely by 2020 on account of the gradual shift to membrane technology. The strict regulations regarding the mercury emission will lead to this shift, dissolving the mercury cell technology.

Q. Which regional segment will emerge as most attractive in the global chlorine market?

On the basis of geography, it is expected that Asia Pacific except Japan (APEJ) will lead in terms of revenue. The APEJ market is anticipated to exhibit a 7.2% CAGR between 2017 and 2022, on account of the flourishing plastics and chemicals industries. The developed regions of Europe and North America will be behind APEJ. The North American market will expand at a 6.4% CAGR from 2017 and 2022. The market in Japan will be worth US$3.9 bn by 2022. Sluggish growth is expected in the Middle East and Africa.

Q. Which application area will make maximum use of chlorine in the years to come?

The various use of chlorine is water treatment, vinyls, chlorinated intermediates, and organic chemical. Of these, it is likely that vinyle emerge as the highest revenue generator and witness a CAGR of 6.2% between 2017 and 2022. The vinyls segment is worth US$14.4 bn in 2017 and is estimated to rise to US$19.5 bn by 2022. The water treatment segment will also witness considerable growth in the years to come. This in turn will fuel the growth of the global chlorine market.


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