Liquid Chlorine Market Analysis Detailed Growth Insights till 2030

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Posted 2023-09-04 10:34:38

Market Overview In 2021, the liquid chlorine market exhibited substantial size, and it is projected to maintain a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030. The primary driver for this growth is the increasing demand for chlor-alkali and its derivatives. These compounds find applications in various sectors, including water treatment, chemicals, pharmaceuticals, and the food & beverage industry, contributing significantly to market revenue. Additionally, chlorine has a long history of effectively eliminating harmful germs such as bacteria, viruses, and parasites, while also mitigating unpleasant tastes and odors in water. It plays a crucial role in preventing the growth of slime bacteria, molds, and algae in water supply reservoirs, pipelines, storage tanks, and swimming pools, among other applications.

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A study published in December 2021 by the National Library of Medicine revealed that chlorine dioxide (ClO2) and sodium hypochlorite are potent antiviral agents, particularly against SARS-CoV-2. However, the use of chlorine is subject to certain limitations to ensure safe drinking water consumption. The U.S. Environmental Protection Agency (EPA) regulates the levels of chlorine used for drinking water disinfection to avoid potential long-term health effects.

Nevertheless, concerns about the environmental impact of chlorine and strict government regulations on its usage, along with apprehensions about its potential harmful effects, are expected to somewhat restrict market growth. Some countries, such as Germany, the Netherlands, Switzerland, Austria, and Denmark, abstain from using chlorine in any applications. Furthermore, the availability of chlorine substitutes, including sodium hypochlorite, calcium hypochlorite, and chloramines, is anticipated to hamper market growth during the forecast period due to the hazardous nature of chlorine.

Market Segmentation The global liquid chlorine market is categorized based on type, end-use industry, and geographical region:

Type
- Sodium Hypochlorite
- Calcium Hypochlorite
- Chloramines
- Others

Revenue from the sodium hypochlorite segment is projected to exhibit a steady CAGR, primarily driven by its extensive use in water treatment and as a bleaching agent in the textile industry. The calcium hypochlorite segment is expected to experience the second-highest CAGR due to its applications in water treatment and swimming pool disinfection.

End-use Industry
- Water Treatment
- Chemicals
- Pharmaceuticals
- Food & Beverages
- Others (Pulp & Paper, Oil & Gas, etc.)

The water treatment segment is poised for the fastest CAGR, driven by the increasing demand for clean drinking water. Chlorine is a crucial component in disinfecting drinking water, treating wastewater and effluents, and controlling microorganisms in swimming pools. The chemicals segment is expected to grow robustly, thanks to chlorine's role in various chemical processes, such as PVC production and oil refining, among others.

Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa

North America is expected to contribute significantly to the global liquid chlorine market due to strict environmental regulations and government oversight. Europe is also a major player in the market, given the presence of numerous chlor-alkali and derivative manufacturing companies. The Asia-Pacific region is set to witness the highest revenue growth rate, driven by increasing demand for chlor-alkali products in various end-use industries.

Key Players and Market Strategies Prominent companies in the global liquid chlorine market include AkzoNobel N.V., BASF SE, DowDuPont, Inc., Evonik Industries AG, Hanwha Chemical Corporation, Ineos Chlorhexidine Gluconate Manufacturing Ltd., Mitsubishi Chemical Holdings Corporation, Olin Corporation, Samsung Fine Chemicals Co. Ltd., and Solvay S.A.

Key strategies employed in the market include new product launches, expansions, mergers & acquisitions, and joint ventures. For instance, AkzoNobel N.V. introduced UltraChlor, a chlorine product designed for swimming pool disinfection to meet the growing demand. Evonik Industries AG strengthened its position in the hydrogen peroxide market by acquiring PeroxyChem LLC. Additionally, AkzoNobel N.V. acquired Chemcraft International, Inc., in 2020, expanding its customer base and product portfolio in North America.

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