The chlorine market size and growth are anticipated to propagate sluggishly at a CAGR of 4.5% through 2034. It will navigate through the forecasted period to reach USD 24.19 billion, elevating the market valuation from USD 15.58 billion measured in 2024.

Among all the growth drivers of the chlorine market, the growing demand for water treatment plants is driving the chlorine market growth. Governments are also encouraging the establishment and maintenance of water treatment. This fuels the chlorine market size.

The growth of the pharmaceutical industry is another factor causing the chlorine market growth. Chlorine, being used effectively for medicine preparation, will gain demand in the next decade. Hence, it will bloat the chlorine market size.

Request Your Sample Report and Elevate Your Business Strategy! https://www.futuremarketinsights.com/reports/sample/rep-gb-591

Technological development enhances the procurement, storage, and processing of chlorine compounds, helping leading chlorine producers to meet demands from different sectors. Hence, this is another market driver.

Sustainable practices are fostered in the market. Hence, such methods are used more by leading chlorine producers, which include membrane electrolysis. This efficiently produces chlorine compounds, driving the market.

Key Takeaways from the Market Study

• Chlorine is widely used in PVC      preparation, as it aids in better physical strength of the compound. This      market segment will likely hold 32.5% of the market space in 2024.

• The plastic industry segment      will secure 33.4% of the market space.

• The Indian chlorine market      will likely lead the Asia-Pacific region and the global market in terms of      its growth rate. It will advance at the highest CAGR of 6.7%.

• The United States of America      will forecast a CAGR of 2.5% through 2034.

“Price volatility of the complementary commodities will fluctuate the production cost, affecting the chlorine market growth,” says an FMI analyst.

Competitive Landscape

Leading chlorine producers innovate using various strategies and govern a major sector of the global chlorine market. They expand using key strategies, including collaborations, acquisitions, partnerships, and mergers. The new entrants might need to innovate to gain a better competitive landscape and more market space. Effective marketing, strategies, alliances, etc., can be effective strategies for them. The following key recent developments have occurred in the market:-

• In July 2021, Olin      Corporation partnered with ASHTA Chemicals, Inc. The strategic partnership      mainly aimed to boost both firms' businesses using combined resources.      Thus, the strategic move helped the firm bolster its international market      position.

• In December 2023, BASF SE      launched Irgastab PUR 71. It is an anti-oxidant to enhance regulatory      compliance and performance for polyols and polyurethane foams. The main      aim while designing the compound was to reduce environmental hazards. It      has bolstered the organization’s market position.

Top Key Players in the Chlorine Market

• BASF SE

• Olin Corporation

• The Dow Chemical Company

• Occidental Petroleum      Corporation

• Ercros

• PPG Industries

• Hanwha Chemical Corporation

• Formosa Plastics Corporation

• De Nora

• Ineos Group Ltd

• INOVYN

• Tata Chemicals Limited

• Xinjiang Zhongtai Chemicals      Co. Ltd

• Tosoh Corporation

More Valuable Insights Available

Future Market Insights offers an unbiased global chlorine market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.

The subject market is segmented by Application (Isocyanates and Oxygenates, EDC/PVC, Inorganic Chemicals, Chloromethanes, Solvents and electrolysis, Pharmaceuticals, and Electronics) and by End Use (Paper and Pulp, Water Treatment, Chemicals, Plastics, Pesticide, and Durable Pipes).