The growing demand from end-use segments like polyvinyl chloride (PVC) and ethylene dichloride (EDC) is further propelling the growth of the global chlorine market.
The applications of PVC include automotive, construction, composite manufacturing. The global chlorine market size is worth US$ 14.36 Billion as of now and expected to reach US$ 21.86 Billion by the year 2032 at a CAGR of 4.3% between 2022 and 2032. Chlorine acts as a raw material to produce a series of chemicals. For instance – it is vital regarding production of PVC (Polyvinyl Chloride).
The end-uses of chlorine and its derivatives include paints & coatings, adhesives, food processing, plastic, cosmetics, pharmaceuticals, water treatment, and likewise.
At the same time, it needs to be noted that handling as well as transporting chlorine comes with risks, as chlorine falls in the category of toxicological and inflammable substances. It also ends up enhancing the other materials’ combustion rate. Regulatory bodies like the US FDA, EPA, WHO, IARC, and likewise are imposing stern restrictions in the interest of safeguarding the environment.
Additionally, production of chlorine is energy-intensive, which adds to overheads. In the last few years, countries like China have over-produced chlorine. As such, the prices have come down drastically. This could be problematic to the manufacturers regarding the way they cover the overall costs. The demand won’t cease, as market is witnessing a shift to membrane technology from mercury cell technology.
Regions like India, Austria, Brazil, the UK, Sweden, the US, France, and Spain are heavily investing in the building & construction sector. This asks for an exorbitant demand for PVC. Thus, the chlorine market, in spite of the over-reactive nature of chlorine, is expected to go great guns going forward. Future Market Insights has highlighted these findings with future perspectives in its latest market study entitled ‘Chlorine Market’. It has its indigenous team of analysts and consultants to deploy a bottom-up approach in its primary, secondary, and tertiary modes of research.
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“With agrochemical and pharmaceutical verticals witnessing an upsurge in EDC (ethylene dichloride) and PVC (polyvinyl chloride), the chlorine market is expected to grow remarkably in the near future”, says an analyst from Future Market Insights.
Key Takeaways from Chlorine Market
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Unleashing the Macros of Chlorine Market
Key Segments Of The Chlorine Market
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Jul 03, 2023