OLIN Corporation, Occidental Petroleum Corporation (OXY), Ineos AG, and Hanwha Chemical Corporation, among others, are the major players in the global chlorine market.
The global chlorine market attained a value of USD 33.5 billion in 2020. In the forecast period of 2022-2027, the market is further expected to grow at a CAGR of 4.5%. As per the analysis by Expert Market Research, the global chlorine market is being driven by the rising demand from agrochemical and pharmaceutical industries.
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Chlorine is a very essential ingredient for several industries around the world. The famous compound, sodium chloride, which is broadly known as common salt is a very essential household ingredient and adds tremendously to the growth of the global chlorine market. The rising need for fresh water is drastically increasing the demand for chlorine in both developed and developing nations. The increasing demand for PVC in the automotive, construction, and composite manufacturing industries is significantly improving the market growth. The agrochemical, pharmaceutical, and packaging industries are tremendously aiding the growth of the global chlorine market as well. Various countries like India and China in the Asia Pacific region are major consumers of this product, owing to the increasing demand for PVC and surging demand for wastewater treatment in the region. However, the high production costs of chlorine and strict regulations from organisations like WHO and FDA regarding the production are expected to negatively impact the industry.
Headquarters: Missouri, United States
OLIN deals with the manufacture of products like chlorine, ammunition, and sodium hydroxide. The company is known for its high-quality products and excellent customer service, and serves customers in over 100 countries across the globe. This company is the largest producer of small ammunition worldwide and also has the largest chlor-alkali capacity globally.
Headquarters: Texas, United States
OXY is an international energy company and is also one of the largest oil producers in the United States. The company is also a leading manufacturer of chlorine, PVC resins, and caustic soda, and supplies these to several industries such as plastics, pharmaceuticals, and water treatment. The company is now focusing on reducing carbon emissions and use their state-of-the-art technologies and expertise to achieve a lower-carbon world.
Headquarters: London, United Kingdom
The company specialises in the manufacture of petrochemicals, oil products and speciality chemicals. The products manufactured by the company are used in several industries such as automobiles, agriculture, medicines and sports. The company’s main focus is to reduce emissions and deliver sustainable products in the process of achieving their goal of a zero emissions future.
Headquarters: South Korea
Hanwha was the first producer of PVC (polyvinyl chloride) in Korea and also produced several other products such as LDPE (low-density polyethylene), CA (chlorine and caustic soda), LLDPE (linear low-density polyethylene), ASR and TDI. The company also helps in building business areas such as solar energy, nanotechnology and biopharmaceuticals. The products produced by this company are key materials for several industries around the world. The company plans to increase its growth and outreach through continuous research and development and vast experience in the industry.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.