Global Chlorine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Chlorine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Chlorine is a naturally-occurring chemical element, one of the basic building blocks of matter. Scattered throughout the rocks of Earth’s continents and concentrated in its salty oceans, chlorine is an essential nutrient for plants and animals. Represented by the chemical symbol “Cl,” chlorine is number 17 on the Periodic Table of the Elements, indicating each atom of chlorine contains 17 protons and 17 electrons. Due to its natural chemical reactivity, chlorine is rarely present in nature by itself as elemental chlorine, and typically exists bonded to other elements in the form of chemical compounds such as sodium chloride (table salt). 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).

Market Overview:

The latest research study on the global Chlorine market finds that the global Chlorine market reached a value of USD 13522.52 million in 2022. It’s expected that the market will achieve USD 17994.03 million by 2028, exhibiting a CAGR of 4.88% during the forecast period.

High performance and large range of usage

Chlorine plays an essential role in a large range of industries, like paper and pulp industry, chemical industry, plastic industry, water treatment industry, pharmaceutical industry and many others. These high performance and large downstream usages drive the steady growth demand for Chlorine.

Increasing demand in the construction industry

Chlorine is an important raw material in the manufacturing of construction materials, fiberglass for insulation, silicone adhesives, electrical components, floor coverings, molding strips, roofing materials, paints, and varnishes. Nowadays, the development and expansion of the construction sector drive the demand for Chlorine.

Increasing environment concerns and awareness

Chlorine is a kind of toxic gas. And it is bad for the health of human beings. In Addition, the situation of depletion of the upper atmosphere ozone layer from several prominent end uses for chlorine have affected demand for the product. Chlorine market is also affected by the stringent regulations from various regulatory bodies such as IARC, WHO, EPA FDA, etc.

Difficulty and high cost of delivery

High risk associated with handling and transportation of chlorine, as it is highly combustive in nature, and highly reactive and toxicological substance are likely to limit the growth.

Region Overview:

In 2022, the share of the Chlorine market in China stood at 27.89%.

Company Overview:

OLIN Corporation is one of the major players operating in the Chlorine market, holding a share of 10.59% in 2023.

OLIN Corporation

Olin Corporation manufactures and distributes chemical products in the United States and internationally. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester.

Occidental Petroleum Corporation

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally.

Segmentation Overview:

As for product types, the Membrane Cell Process segment held the largest market share in 2022.

Application Overview:

By application, the Pharmaceutical Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Chlorine market covered in Chapter 3:

Hanwha Chemical Corporation
Solvay
Axiall
Formosa Plastics Corporation
Occidental Petroleum Corporation (OXY)
OLIN Corporation
Ercros S.A
The DOW Chemical Company
Nouryon
BASF SE
Ineos Group Limited
Tata Chemicals Limited

In Chapter 4 and Chapter 14.2, on the basis of types, the Chlorine market from 2018 to 2029 is primarily split into:

Mercury Cell Process
Membrane Cell Process
Diaphragm Process
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Chlorine market from 2018 to 2029 covers:

Water Treatment Industry
Pharmaceutical Industry
Chemical and Plastic Industry
Paper and pulp Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)