Chlorine Market Size, Share, Growth, Trends, and Global Industry Analysis: By Form (Powder, Liquid & Others), By Application (Disinfection, Bleaching, Chloromethanes, Solvents, Isocyanates & Others), By End User (Water Treatment, Chemicals, Plastics, Pharmaceuticals & Others) and Region Forecast 2019-2030

The global chlorine market size was value US$ 21,839.7 million in 2023 and is projected to reach value of US$ 31,769.8 million by 2030, at a CAGR of 5.5% from 2024-2030. Chlorine is a chemical element with the symbol Cl. It belongs to the halogen group on the periodic table, and is a highly reactive, toxic, and corrosive gas at room temperature. In its natural state, chlorine is a yellow-green gas with a pungent, irritating odor.

The growth drivers of the market are rising demand from water treatment industry, increased infrastructure development. However, some restraints which hamper the growth of the market are volatile process of complementary goods like salt, electricity, electrolytes, etc. affect the chlorine production, growing rate of substitute products, toxic nature of chlorine.

The key opportunities which is driving the growth of the market are increase in online sales of chlorine, usage of chlorine in production of agrochemicals and pesticides. Additionally, the key trends of market are growing demand for PVC in construction, rising use of chlorine in electronics and semiconductors.    

Key Players

The leading companies highlighted in the chlorine market report include such as BASF SE offers products like Caustic Soda (Sodium Hydroxide), Chloromethanes, Hydrochloric Acid ; Occidental Chemical Corporation is a major U.S. based chemical manufacturer known for its chlor-alkali products ; Ercros SA has products like Caustic Soda, Sodium Hypochlorite, Sodium Chlorate ; Ineos Group Ltd offers products like Chlorine Gas for water treatment and chemical synthesis ; Olin Corporation a leading U.S. based manufacturer in the chlor-alkali sector ; Tosoh Corporation Japanese chemical and specialty materials company with a strong chlor-alkali business and other key players are Dow Chemical Company, Westlake Chemical Corporation, Solvay S.A., PPG Industries. Also, a comprehensive analysis of industry verticals and market participants that provides a clear overview of the competitive landscape in relation to the sectors served by the company’s products and services, market share, service offerings, financial reports, significant developments, market strategy, competitive position, and geographic reach.

Key Takeaways

• Asia pacific is dominant market in 2023.
• The Europe is expected to expand at highest CAGR from 2024 to 2030.
• Based on form, the powder segment has captured the largest market share in 2023.
• Based on application, the isocyanates segment is expected to dominate market 2024.
• Based on end user, the water treatment segment has accounted the highest market share in 2023.

Facts & Figures

In June 2021, De Nora, a manufacturer of water disinfection and filtration, launched the CECHLO-MS 200, a high-strength on-site chlorine generating system designed to address water and sewage treatment difficulties.

Key Developments

In December 2022, INEOS Enterprises successfully made acquisition of ASHTA Chemicals from Bigshire Mexico S. de R.L. The deal consists of 100ktpa Potassium Hydroxide chlorine plant.

Chlorine Market Segmentation

By Form: Among all the forms, the liquid form is leading the market. The most popular form of chlorine on the market is liquid because of its many uses in important industries, affordability, simplicity of storage and transportation, safety benefits, and broad applicability. It is the material of choice for industrial processes, particularly those that need to use a lot of chlorine, due to its stable, dense shape and ability to change into gas when needed.

By Application: Among all the applications, the isocyanates segment is leading the market with accounting the largest share because of their vital role in the synthesis of polyurethanes, which have numerous applications in a variety of industries including electronics, furniture, automotive, and construction, isocyanates are among the most used chemicals in the market. The high demand for isocyanate manufacturing is fuelled by continued innovation in polyurethane materials and continuous innovation in polyurethane production.

By End-user: With largest share in the market, the water treatment segment is leading the market. Chlorine is widely used in water treatment due to its effective properties in disinfecting water, controlling microbial contamination, and ensuring safe drinking water. It has been one of the most commonly used disinfectants for over a century. Because of its cost-effectiveness, residual pollution prevention, and capacity to destroy germs, chlorine is the disinfectant most frequently employed in water treatment. Because of its many uses, accessibility, and well-established safety requirements, chlorine is an essential component of contemporary water treatment systems.