The burgeoning usage of chlorine in water treatment facilities, on account of its ability to kill bacteria and pathogens, is one of the key factors fueling its growing demand across the world. Furthermore, the increasing public awareness regarding the various diseases caused because of the consumption of untreated water such as Hepatitis A, Hepatitis E, cholera, and typhoid, especially in developing nations such as Brazil, India, and Thailand is causing a steep rise in the demand for chlorine.
Due to the above-mentioned factors, the value of the global chlorine market size is predicted to increase from $36,845.0 million to $63,121.6 million from 2019 to 2030, exhibiting a CAGR of 5.2% from 2020 to 2030. Chlorine is widely used in the production of ethylene dichloride (EDC)/polyvinyl chloride (PVC), isocyanates and oxygenates, chloromethanes, solvents, and inorganic chemicals. Amongst these, the utilization of the compound is predicted to be the highest in EDC/PVC production in the future years. This is because of the fact that the compound is required in huge quantities in the chlorination process, required for the production of PVC/EDC.
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In terms of end-use, the chlorine market is divided into water treatment, pulp and paper, pharmaceuticals, pesticides, and plastics categories. Out of these, the water treatment division is predicted to register the highest revenue share in the market in the forthcoming years. This is attributed to the surging utilization of chlorine in water treatment facilities, on account of its ability to kill unwanted pathogens and microorganisms and subsequently disinfect water. Furthermore, the increasing public awareness of various water-borne diseases is massively boosting the usage of the compound in water treatment plants across the world.
Geographically, the Asia-Pacific chlorine market recorded the highest growth during the last few years and this trend is also expected to continue in the coming years, as per the predictions of P&S Intelligence, a market research company based in India. This is ascribed to the large-scale usage of the compound in the various developing nations of APAC such as India, Thailand, and China, primarily for water treatment and in the production of EDC/PVC. In addition to this, Chlorine is widely used in the pharmaceutical sector in the region.
Hence, it can be safely said from the above paragraphs that the demand for chlorine will surge tremendously throughout the world in the upcoming years, mainly on account of its growing usage in the production of PVC/EDC and the mushrooming requirement of treated water for sanitation and drinking purposes.
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