Inspiring Growth in Pharmaceuticals Sector Driving Global Chlorine Market Rapidly at a CAGR of 6.5% by 2022

Published on : Oct 24, 2017

Albany, New York, October 24, 2017: Chlorine is a very well-known industrial chemical and is used in half of the world's commercial chemical industries. In the past few years, the global industry has experienced a rapid growth due to growing demand for chlorine derivatives from various end-use industries such as water, pharmaceutical, cosmetic, plastic, food processing, adhesives, paints & coatings, etc. Recently, a study titled “Chlorine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” has been publicized to the broad repository of Market Research Hub (MRH), which provides a holistic perspective on market growth throughout the forecast period of 2017 to 2022 in terms of revenue estimates (in US$ Million) across different geographies, which include North America, the Middle East and Africa (MEA), Europe, Asia Pacific excluding Japan (APEJ), and Japan.

Chlorine is an important chemical in water refinement, in disinfectants, in bleach and mustard gas. Apart from that, it is an important raw material used in the production of polyvinyl chloride. Growing demand for PVC in construction, automotive, composite manufacturing applications is estimated to drive the demand growth. According to the research findings, the global chlorine market is projected to be pampered for a strong growth in the years to come due to the inspiring growth in the pharmaceuticals sector. Further, it evaluates that the global chlorine market could reach a valuation of US$42.7 bn by 2022 end, progressing from a valuation of US$31.1 bn achieved in 2017. The market is projected to rise at a CAGR of 6.5% during the forecast period 2017–2022.

Global Market for Chlorine: Sector Dynamics

The global chlorine market includes a detailed market analysis covering major aspects influencing the expansion of the market. A separate section on dynamics of the chlorine market is presented in a structured manner in this research study which focuses on trends, growth drivers, opportunities, restraints, and developments that have an influence on the current market scenario as well as future market situation. All these aspects are analyzed across key regions and the respective weightage that these aspects reflect in a particular region is portrayed along with Porter’s five forces.

Detailed Market Segmentation

This report categorizes the market based on four critical end-user segments, such as vinyls, organic chemicals, water treatment, and chlorinated intermediates. By the end of the forecast period, vinyls could account for a king’s share of the market while earning a revenue of US$19.5 bn. On the basis of regional segmentation, the worldwide chlorine market is anticipated to award Asia Pacific except Japan (APEJ) for its outstanding revenue growth in the coming years, due to the rising demands from the booming chemicals sector and plastics industry.

Competitive Landscape

At last, the study concludes with an important section of competitive landscape which highlights the key players active in the market. The key players listed in the study include Ercros S.A, Occidental Petroleum Corporation, Olin Corporation, BASF SE, FMC Corporation, Hanwha Chemical Corporation, Ineos Group Ltd., PPG Industries, Tata Chemicals Ltd., and Tosoh Corporation.

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