Global Chlorine Market to Grow at a CAGR of 4.5% During 2024-2032, Aided by the Growing Water and Wastewater Treatment Globally

The Asia Pacific holds a significant chlorine market share due to the extensive production of chlorine in China. Chlorine finds application in water and wastewater treatment. China has the largest chemical sector, and chlorine is used as a raw material to produce other chemicals. According to industry reports, by 2030, China will hold a larger than 50% share of the global chemical market and account for 75% of the increase in chemical production.

Rising PVC demand from end-use sectors further creates demand for chlorine. The robust demand for PVC from leading automotive manufacturing countries, including China, Japan, South Korea, and India, propels the market growth, as chlorine is an important raw material for PVC. Additionally, liquid chlorine is widely used for swimming pool cleaning purposes.

Partnerships between companies to expand production capacity support the market growth. In January 2024, Gujarat Alkalies and Chemicals Ltd. (GACL) (NSE: GUJALKALI) signed a preliminary agreement with Vedanta Aluminium to investigate potential commercial ventures in the caustic-chlorine and related industries. GACL has four complexes of manufacturing facilities, two in Vadodara and one each in Dahej, with an annual production capacity of 8,52,400 metric tonnes.

According to GACL in a regulatory filing, the Memorandum of Understanding (MoU) aims to identify opportunities for mutually beneficial collaboration in order to create synergy and contribute value to the operations of both Vedanta Aluminium and GACL. By signing this Memorandum of Understanding, the two businesses have, in theory, committed to working together to investigate business prospects, either through joint venture projects or mutually beneficial contractual arrangements.

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Market Analysis by End Use and Region:

• The market, on the basis of end use, can be divided into EDC/PVC, C1/C2, aromatics, chemicals – inorganic, chemicals – organic, chlorinated intermediaries, isocyanates, propylene oxide, pulp and paper, and water treatment, among others.

• The major regional markets for chlorine include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• Chlorine is significantly used in water and wastewater treatment. According to UN Water, about 70% of the wastewater is treated by high-income countries, whereas wastewater treatment constitutes 38% in upper-middle-income countries and 28% in lower middle-income countries. Changing climatic conditions and lesser availability of potable water necessitate the requirement of wastewater treatment facilities and efficient pipelines to distribute water to the required areas.

• Chlorine finds application as a solvent in the pharmaceutical industry. In 2022, North America constituted 52.3% of global pharmaceutical revenues, while Europe accounted for 22.4%. Additionally, the growing research and development in pharma-emerging economies such as China, India, Brazil, and Turkey, among others aid the chlorine market growth.

• The growing application of chloramine for drinking water disinfection further contributes to chlorine demand.

• PVC, a downstream product of chlorine, finds application across different industry verticals such as construction, pipes, packaging, and automotive. The urban population globally is projected to grow to 6 billion by 2045, compelling governments to invest in the infrastructural development of cities, including water infrastructure, to meet the growing demand for safe drinking water. As a result, PVC pipe demand is increasing due to its corrosion resistance and minimal internal blockages.

Table: Urbanisation Growth Rate in Selected Economies, 2022

Key Offerings of the Report:

• The EMR report gives an overview of the global chlorine market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the end uses and major regions of chlorine.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global chlorine market are OLIN Corporation, Occidental Petroleum Corporation (OXY), Ineos AG, and Hanwha Chemical Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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