November 25, 2020

How Asia-Pacific Region Will Boost Growth of Chlorine Market during 2020–2030

The global chlorine market valued $36,845.0 million in 2019, and it is expected to reach $63,121.6 million by 2030. The projected growth is expected to be at a CAGR of 5.2% during the forecast period of 2020–2030. This would be driven by the rising demand for polyvinyl chloride (PVC) and usage of chlorine for the treatment of water. The disinfecting and germ-killing traits of chlorine make it viable for water treatment applications.

The increasing requirement for safe water for drinking and sanitation purposes has been drawing the demand for chlorine compounds across the world. The rising awareness about the harmful effects of the consumption of untreated water has encouraged developing countries, such as India, Thailand, and Brazil, to focus on water treatment with chlorine. The surging cases of waterborne diseases, including hepatitis E, hepatitis A, cholera, and typhoid, have led to an increasing demand for clean water, especially in emerging nations, thereby driving the demand for chlorine.

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The rising demand for PVC will also drive the chlorine market during the forecast period. Chlorine’s ability to increase the melt viscosity and improve the thermal stability of PVC will increase the demand for the former in the future. These features of PVC, imparted by chlorine, make it useful for the production of automobile windshield system components and non-breakable medical containers. PVC is also applied in siding and piping in building and construction activities. These industries are witnessing robust growth, thereby driving the PVC, and eventually, chlorine demand.

Geographically, the Asia-Pacific (APAC) region garnered the maximum revenue in the chlorine market in 2019. This dominance was a result of the abundant consumption of chlorine compounds in India, China, and Thailand for water treatment and EDC/PVC production and in the pharmaceutical sector. The expansion of the automobile, construction, and electronics sectors in the APAC region will also drive the growth of the market during the forecast period, especially in India, Indonesia, and China. In particular, the growing awareness on water safety and increasing usage of PVC will drive this growth.