Chlorine Market Latest Trends, Future Strategies And Growth Forecast Till 2030
The chemical element chlorine has an atomic number of 17. Its colour is yellowish-green, making it the second-lightest member of the halogen family, and at room temperature, it exists as a gas. It is a very reactive element and a potent oxidizer. Due to its high electron affinities, it easily interacts with other elements that are also electron-rich to produce a variety of compounds.
One of the many versatile elements, chlorine is used to make a wide range of chemicals and other goods. The Chlorine Market is anticipated to expand as a result of rising demand for chemical intermediates such as hydrochloric acid, acid chlorides, hypochloric acid, metal chlorides, chloroform, and other chlorine derivatives. Additionally, it is projected that rising demand for EDC/PVC resins and goods will propel market expansion.
The Chlorine Market is divided into EDC/PVC, isocyanates and oxygenates, chloromethanes, solvents & epichlorohydrin, inorganic chemicals, and others based on the application. It is divided into categories for water treatment, drugs, chemicals, paper & pulp, plastics, insecticides, and other products based on the end user. The market is divided into five regions based on where it is geographically located: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa make up the market segments. Due to the rising demand for PVC from various end-user industries, Asia Pacific is predicted to hold the highest share of the Chlorine Market. Additionally, a sizable manufacturing base for chemicals and materials is anticipated to promote market expansion in nations like China, India, Taiwan, Japan, Indonesia, South Korea, and others.
According to estimates, North America will increase significantly due to the region's numerous chemical businesses. Due to the rising demand from the pharmaceutical industry for chlorine derivatives, Europe is predicted to experience significant growth. By the conclusion of the prediction period, growth in Latin America and the Middle East and Africa will be moderate.
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