SEATTLE, Dec. 10, 2018 (GLOBE NEWSWIRE) -- The global chlorine market was valued at US$ 13,948.7 million in 2017 and is projected to exhibit a CAGR of 5.0% over the forecast period (2018 – 2025), owing to increasing demand for chlorine from end-use industries.
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Key Trends and Analysis in the Chlorine Market:
Demand for chlorine in manufacturing of construction materials, fiberglass for insulation, silicone adhesives, electrical components, floor coverings, molding strips, roofing materials, paints, and varnishes is increasing due to growing construction sector. According to the Oxford Economics Report on the global construction industry, in 2009, construction industry was a US$ 7.5 trillion economy and it is projected to reach US$ 12.7 trillion, an increase of 70%, by 2020.
However, increasing environment concerns and awareness of impact of chlorine manufacturing processes such as mercury cell process is adversely impacting the market growth. Moreover, growing awareness regarding health hazards of chlorine is also hindering the market growth. For instance, according to Centers for Disease Control and Prevention (CDC), Chlorine gas is a highly soluble in water thus at low concentrations, chlorine can cause nose, eye irritation, cough and sore throat.
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Key Market Takeaways:
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