Global Chlorine Cl2 Market Size By Type (High Purity Gas, Low Purity Gas), By Application (Water Treatment, Chemicals, Electronics & Semiconductor), By Geographic Scope And Forecast

Chlorine Cl2 Market Size And Forecast

Chlorine Cl2 Market size is valued at USD 27.62 Billion in the year 2021 and it is expected to reach USD 40.65 Billion in 2030, growing at a CAGR of 4.83% from 2023 to 2030.

The demand for PVC, paper, pharmaceuticals, water treatment, sustainable production techniques, and the development of new Chlorine derivatives increased. The Global Chlorine Cl2 Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors playing a substantial role in the market.

Global Chlorine Cl2 Market Definition

The chemical element Chlorine (Cl2) has an atomic number of 17. Chlorine is frequently used in various commercial and domestic processes, including creating bleach and water treatment. In municipal water treatment plants, swimming pools, and other water sources, Chlorine is frequently used to disinfect the water. It works well in eliminating viruses, bacteria, and other harmful microorganisms. Bleach is a cleaning chemical used in homes and businesses that uses Chlorine as a fundamental component in its manufacturing. PVC, solvents, and insecticides are essential compounds produced using chlorine. Paper is bleached with Chlorine to make it whiter and more vibrant.

Numerous pharmaceuticals are made with chlorine, and medical facilities also use it to disinfect themselves. The production of paper products, antibiotics, dyestuffs, food, pesticides, paints, petroleum products, plastics, medications, textiles, solvents, and many more consumer goods are just a few examples of the numerous products and things that employ Chlorine either directly or indirectly in their manufacturing processes. While bleach is also employed industrially to remove ink from recycled paper, Chlorine is used to bleach wood pulp used to make paper. Chlorine is frequently employed in organic chemistry to make chlorates, chloroform, carbon tetrachloride, and to extract bromine because, when it is substituted for hydrogen in an organic compound (synthetic rubber), it frequently imparts a variety of desired properties.

Global Chlorine Cl2 Market Overview

A vital industrial chemical, Chlorine (Cl2), is used to manufacture various goods, including paper, textiles, medicines, and plastics. Additionally, it is employed in purifying drinking water and pool water during the water treatment process. Due to several variables, the global Chlorine Cl2 Market is anticipated to expand consistently in the forecast years. Chlorine has a significant end-use in producing polyvinyl chloride (PVC). The expansion of the PVC sector is driving the need for chlorine. Chlorine is a common disinfectant used in water treatment procedures. The rising demand for clean drinking water is driving the need for chlorine. Pharmaceuticals, including painkillers, antibiotics, and antiseptics, are all produced using chlorine. The rising demand for medicines is driving the need for chlorine. The production of bleached paper goods, such as tissues, toilet paper, and packaging materials, uses chlorine.

The rising demand for paper products is driving the need for chlorine. The manufacture of Chlorine uses a lot of resources and produces many greenhouse gas emissions. Many businesses are switching to sustainable production practices, such as renewable energy and closed-loop production systems, to lessen their adverse environmental effects. Many companies are creating new ones that offer better performance and lower environmental impact to diversify their product lines and boost profitability. A few big firms dominate the Chlorine Cl2 Market due to the industry’s high level of consolidation. Major firms started buying smaller businesses recently to diversify their product portfolios and enhance their market share.

The Chlorine demand is rising due to the Asia Pacific region’s significant investments in the construction of infrastructure and the need for PVC and other building supplies. The Asia Pacific area is seeing substantial economic expansion, boosting demand for Chlorine and other industrial chemicals. The need for Chlorine is anticipated to increase in the upcoming years as the region’s economies continue to grow. Manufacturing several chemicals, including PVC, solvents, and medicines, uses Chlorine as a crucial raw element. The chemical sector is expanding significantly in the Asia Pacific area, which is boosting Chlorine demand.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Chlorine Cl2 market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Chlorine Cl2 Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Chlorine Cl2 Market Segmentation Analysis

The Global Chlorine Cl2 Market is Segmented on the Basis of Type, Application, And Geography.

Chlorine Cl2 Market, By Type

• High Purity Gas
• Low Purity Gas

Based on Type, The market is segmented. High Purity Gas and Low Purity Gas. The high-purity gas accounted for a significant market share in the global market. This Chlorine gas typically ranges from 99% to 99.9% purity, lower than high purity. In applications like swimming pools and water treatment plants, low-purity Chlorine gas is frequently used to treat and disinfect water. Additionally, it can be used as a feedstock to make other chemicals like PVC (polyvinyl chloride) and other chlorinated compounds. It is crucial to remember that poor-purity Chlorine gas can be dangerous and needs to be handled and stored carefully to guarantee safe use.

Chlorine Cl2 Market, By Application

• Water Treatment
• Chemicals
• Electronics & Semiconductor

Based on Application, the market is segmented into Chemicals, Water Treatment, Electronics & semiconductors. Water Treatment accounts for the largest market share in the global Chlorine Cl2 Market. A disinfectant frequently employed in water disinfection is Chlorine (Cl2). Its primary usage is to eliminate or inactivate bacteria, viruses, and other pathogenic microbes from drinking water and sewage. Chlorine is a potent oxidizing chemical that affects microorganisms by damaging their cell membranes and interfering with their metabolic activities. As the most frequent causes of waterborne illnesses, bacteria, and viruses, Chlorine is particularly effective against them.

Chlorine Cl2 Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Based on Geography, the global Chlorine Cl2 Market is classified into Asia Pacific, North America, Europe, Latin America, Middle East, and Africa. Asia Pacific region accounted for the highest market share in the global Chlorine Cl2 Market in 2021. Strict legislation and regulations are being implemented throughout Asia to reduce water pollution and advance sustainable development. The need for Chlorine in the area is driven by the restrictions forcing industries to clean their effluent before discharging it into the environment. Chlorine is frequently used in water treatment to clean up pollutants and disinfect water.

The need for clean, safe water is growing, boosting the demand for Chlorine in the Asia Pacific area, which is still seeing fast urbanization and population increase. Chemicals like PVC, solvents, and medicines are all produced using Chlorine as a significant essential element. The chemical sector is expanding significantly in the Asia Pacific area, which is boosting Chlorine demand.

Key Players

The “Global Chlorine Cl2 Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Occidental Petroleum Corporation, Formosa Plastics Corporation, Tosoh Corporation, Hanwha Chemical Corporation, BASF SE, Westlake Chemical Corporation, PPG Industries Inc., Ineos Group Holdings S.A., Akzo Nobel N.V., Ercros S.A., Tata Chemicals Limited, FMC Corporation, Covestro AG, Kemira Oyj, Solvay S.A., and others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.

Key Developments

• In 2019, Hanwha Q CELLS bought most of Q-Cells, a German chemical company that uses electrolysis to manufacture chlorine.
• In 2020, INEOS acquired B.P.’s global Aromatics and Acetyls division, which produces Chlorine and other chemicals.
• The purchase of Dow’s Global Chlorinated Organics division, which produces chemicals based on Chlorine for usage in a range of sectors, by Olin Corporation was finalized in 2021.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

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