New York, Jan. 27, 2021 (GLOBE NEWSWIRE) -- The global chlorine market is expected to be worth USD 47.63 Billion by the year 2027, according to the latest report by Reports and Data. The growth of the chlorine market is mainly attributed to the increasing chlorine applications amongst several end-user industries, including the water treatment, pharmaceuticals, and chemical industry.
Pharmaceutical products are an important part of the approximately USD 3.00 trillion health care sector in Canada and the U.S. It has been assessed that in 2012, in the U.S., in terms of sales volume, the leading 100 drugs possessed chlorine as a constituent. Nearly 25% of these drugs have chlorine in the dose form, and above 60% of them add chlorine during the production process. The production process also includes several chlorine intermediates, which lose their identity during the molecule build-up from various smaller constituents. Therefore, chlorine is preferred in the manufacturing of nearly 88% of popular drugs.
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Chlorine is largely utilized in the water treatment industry. Disinfecting wastewater is crucial for supplying safe and drinkable water, along with healthy rivers and streams. A large number of microorganisms present in the wastes of sewage treatment plants and the global outbreak of various waterborne diseases are related to water used for recreational purposes or sewage-contaminated water supplies. Chlorination—a most popular method for disinfecting wastewater and is widely used for pathogen disinfection before the water is discharged into receiving rivers, streams, or oceans. Chlorine is effective in killing a wide strain of bacteria, protozoa, and viruses, including Shigella, Vibrio cholera, and Salmonella.
Further key findings from the report suggest
- In terms of production method, the diaphragm cell process sub-segment contributed to the highest industry share in the year 2019 and is predicted to grow by occupying the fastest rate during the projection period. A diaphragm, typically made of asbestos, is used to separate the hydrogen and chlorine gas spaces along with preventing the OH- ions’ migration from the cathode to the anode by the velocity of liquid in the opposite direction.
- In terms of application, the EDC/PVC sub-segment dominated the industry in the year 2019 and has been predicted to grow at a 4.7% CAGR during the projection period. Chlorine exhibits several PVC beneficial properties, including longevity and fire-resistance.
- Based on industry vertical, the water treatment industry accounted for the second-largest industry share in the year 2019 and is presumed to grow at a considerable rate during the estimated era.
- The Asia Pacific region dominated the market in the year 2019 and is predicted to witness a 5.0% CAGR in the projected period. The growth in the region is attributed to the soaring demand for PVC in various industries, including packaging and construction, and automotive, and surging demand for wastewater treatment.
- Major participants in the sector are Ineos Group Limited, Formosa Plastics Corporation, Nouryon, Tosoh Corporation, Tata Chemicals Limited, PPV Industries, Occidental Petroleum Corporation, Hanwha Chemical Corporation, AkzoNobel NV, OLIN Corporation.
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For the purpose of this report, Reports and Data has segmented the global chlorine market on the basis of production method, application, industry vertical, and region:
Production Method Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- Mercury Cell Process
- Membrane Cell Process
- Diaphragm Cell Process
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- EDC/PVC
- Solvents
- Inorganic Chemicals
- Organic Chemicals
- Others
Industry Vertical Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- Pharmaceutical
- Water Treatment
- Paper & Pulp
- Chemical
- Plastic
- Others
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Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- North America
- U.S.
- Europe
- U.K.
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
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