Chlorine Market - Forecast(2022 - 2027)

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Chlorine Market - Forecast(2022 - 2027)Market
size, Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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• The Chlorine Market size is forecasted to reach
  US23.2 billion by 2027, after growing at a CAGR
  of 5.2 during the forecast period 2022-2027. The
  chlorine generated by the brine electrolysis of a
  sodium chloride solution is highly
  electronegative. It is easily capable of
  absorbing electrons from other atoms and
  converting them into ions.
• As a result, it is a highly-effective oxidizing
  agent. The chlorinated aromatics produced from
  chlorine are commonly employed as intermediates
  in the production of pharmaceuticals,
  agricultural chemicals and other products. The
  growth of the chlorine market is primarily driven
  by the expansion of the chemical industry.

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Key Takeaways

• Asia-Pacific region dominated the chlorine
  market, owing to the surging chemical industry.
  For instance, according to the Japan Chemical
  Industry Association, in 2019, the chemicals
  market of Japan was valued at US2,076 billion,
  an increase of 3.1 over 2018.
• The surging adoption of chlorine as a
  pharmaceutical intermediate in medicines to treat
  diabetes, high cholesterol, seizures and other
  health problems. This, in turn, is propelling the
  market growth.

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• By Distribution Channel- Segment Analysis
• The Poly Vinyl Chloride (PVC) segment held the
  largest share in the chlorine market in 2021 and
  is forecasted to grow at a CAGR of 5.5 during
  the forecast period 2022-2027. The key properties
  of chlorine include the density of 3.2110 - 3
  g.cm -3 at 20 C, melting point at -101 C,
  boiling point at -34.6 C and other properties.
  These properties result in superior tensile and
  thermal strength, which ensures higher product
  durability. Thus, due to these beneficial
  properties of chlorine, it is often utilized
  during the production of polyvinyl chloride.

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• Chlorine Market
• Industry Outlook 
• BASF SE
• Occidental Chemical Corporation
• Ercros SA
• Ineos Group Ltd.
• Olin Corporation

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Chlorine Market - Forecast(2022 - 2027) Learn
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