Prevalent Scenario in Chlorine Market
The market for chlorine expands with the Increasing demands of plastics, automobile, construction and the flourishing chemical industry, makes Asia-Pacific an appealing market and also marks it as the fastest growing market for chlorine around the world. China is the largest consumer for chlorine commodities. Above 80% of chlorine produced around the world is used as a solvent in pharmaceuticals industry. According to a report by Cision PR Newswire, “ Due to increase in requirement of EDC/PVC, the chlorine market is predicted to observe a CAGR of 4.9% between 2014 and 2019 , and is expected to produce a global market value of $33,362 million by 2019.“ According to a report by the World Chlorine Council (WCC), about 60 metric tons of chlorine is produced annually.Cost-effectiveness whereas the increasing regulations are the two major features that are increasing competition amid producers and observing a rise in strategic associations. Increasing scarcity of water and its cost across many regions around the world have followed into increasing requirement for water curing industry. Chlorine and chlorine dioxide are considerably used in pulp & paper industry as bleaching agents in the paper making process.
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Though, the risk of transporting and handling chlorine due its greatly combustive nature is a barrier for global chlorine market. Rising environmental concerns such as reduction of the ozone layer from many pronounced end uses for chlorine have restraint the demand for the product. It also emits great amount of mercury and also consumes major amount of electricity. Thus manufacturing process leads to various environmental regulations, which in turn hinder the growth of global chlorine market. Manufacturers of chlorine are finding alternative technologies for its production, taking into consideration of the agreements imposed by the international authorities as well as the government. The manufacturers are focusing on developing technology of producing chlorine by membrane-based technology, reducing the influence on environment.
Fragmented Market
The global chlorine market is highly fragmented due to the presence of many established and local players across the world. Major players involved in the market include Occidental Petroleum Corporation (U.S.), The Dow Chemical Company (U.S.), Tata Chemicals Limited (India), BASF SE (Germany), Hanwha Chemical Corporation (Korea), Ineos Group Ltd. (U.K.), Tosoh Corporation (Japan), PPG Industries (U.S.), Formosa Plastics Corporation (Taiwan), Olin Corporation (U.S.) and others.
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Global Chlorine Market Taxonomy
The global chlorine market is classified on the basis of the following segments:
By product type:Ethylene dichloride (EDC)/Polyvinyl chloride (PVC),Organic chemicals,Inorganic chemicals,Chlorinated intermediaries,C1/C2 aromatics,Isocyanates,Polypropylene,Others
By end-use industry:Water treatment,Pharmaceutical,Chemical,Paper & Pulp,Plastic,Pesticides,Others,By production process:,Mercury cell process,Membrane cell process,Diaphragm process,Others