Press Release
Press Release
According to a new report by EMR titled, ‘Global Chlorine Market Report and Forecast 2024-2032’, the market attained a value of about USD 38.23 billion in 2023. The market is estimated to grow at a CAGR of 4.5% in the forecast period of 2024-2032 to reach a value of around USD 56.82 billion by 2032.
The Asia Pacific holds a significant chlorine market share due to the extensive production of chlorine in China. Chlorine finds application in water and wastewater treatment. China has the largest chemical sector, and chlorine is used as a raw material to produce other chemicals. According to industry reports, by 2030, China will hold a larger than 50% share of the global chemical market and account for 75% of the increase in chemical production.
Rising PVC demand from end-use sectors further creates demand for chlorine. The robust demand for PVC from leading automotive manufacturing countries, including China, Japan, South Korea, and India, propels the market growth, as chlorine is an important raw material for PVC. Additionally, liquid chlorine is widely used for swimming pool cleaning purposes.
Partnerships between companies to expand production capacity support the market growth. In January 2024, Gujarat Alkalies and Chemicals Ltd. (GACL) (NSE: GUJALKALI) signed a preliminary agreement with Vedanta Aluminium to investigate potential commercial ventures in the caustic-chlorine and related industries. GACL has four complexes of manufacturing facilities, two in Vadodara and one each in Dahej, with an annual production capacity of 8,52,400 metric tonnes.
According to GACL in a regulatory filing, the Memorandum of Understanding (MoU) aims to identify opportunities for mutually beneficial collaboration in order to create synergy and contribute value to the operations of both Vedanta Aluminium and GACL. By signing this Memorandum of Understanding, the two businesses have, in theory, committed to working together to investigate business prospects, either through joint venture projects or mutually beneficial contractual arrangements.
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Table: Urbanisation Growth Rate in Selected Economies, 2022
The major players in the global chlorine market are OLIN Corporation, Occidental Petroleum Corporation (OXY), Ineos AG, and Hanwha Chemical Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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