Valley Cottage, NY -- (SBWIRE) -- 07/10/2019 -- Chlorine is known as a very important industrial chemical and is used in half of the world's commercial chemical industries. Chlorine is a greenish yellow gas and is characterized by reactive nature and high expansion potential. This element turns into solid at -103°C (-153°F) and into liquid at -34°C (-29°F). Chlorine market is expected to see a surge in demand due to increasing applications such as bleaching of wood pulp during paper productions.
As reported by the World Chlorine Council (WCC), around 60 million metric tons of chlorine is produced every year across the world.
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Chlorine Market: Drivers & Restraints
The demand for global chlorine market is projected to show significant growth during the forecast period 2015-2020 owing to its usage in several industries such as paper and pulp industry, chemical industry, plastic industry, water treatment industry, pharmaceutical industry and many other.
Furthermore, 98% of water treatment plants and 85% of pharmaceutical industries in the world use chlorine in production processes. Hence, increase of water treatment and pharmaceutical industries all over the world and their demand for chlorine, anticipated to boost the global chlorine market during the forecast period.
Nevertheless, the risk of handling and transporting chlorine due its highly combustive nature is an obstacle for global chlorine market. In Addition, rising environmental concerns such as depletion of the upper atmosphere ozone layer from several prominent end uses for chlorine have affected demand for the product.
Chlorine Market: Segmentation
The Global Chlorine Market is broadly classified into seven segments on the basis of end use industries
Water Treatment industry
Pharmaceutical industry
Chemical Industry
Paper and pulp Industry
Plastic Industry
Pesticides industry
Others
The Global Chlorine Market is broadly classified into eight segments on the basis of applications
Ethylene Dichloride (EDC)/Polyvinyl Chloride (PVC)
Organic chemicals
Inorganic chemicals
Chlorinated intermediaries
C1/C2 Aromatics
Isocyanates
Propylene Oxide
Others
The Global Chlorine Market is broadly classified into four segments on the basis of production methods
Mercury Cell Process
Membrane Cell Process
Diaphragm Process
Others
Chlorine Market: Regional Outlook
By geography global chlorine market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific region is expected to be the fastest growing market due to increasing plastic and chemical industries in emergingeconomies such as China and India, in this region. After Asia Pacific, Western Europe region is anticipated to show significant growth during the forecast period 2015-2020 owing to the pharmaceutical and chemical industry growth in this region and their growing consumption of chlorine. Booming water treatment and plastic industries in North America region are projected to drive the global chlorine market during forecast period.
Chlorine Market: Key Players
The key market players operating in Global Chlorine Market are Occidental Petroleum Corporation (U.S.), The Dow Chemical Company (U.S.), Tata Chemicals Limited (India), BASF SE (Germany), Hanwha Chemical Corporation (Korea), Ineos Group Ltd. (U.K.), Tosoh Corporation (Japan), PPG Industries (U.S.), Formosa Plastics Corporation (Taiwan), Olin Corporation (U.S.) and others.
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