Asia-Pacific region growth of the chemical & pharmaceutical industries boosting demand of Chlorine Market

Chlorine (Cl) is very well-known as a key manufacturing chemical. It is a greenish-yellow gas formed by diatomic molecules (Cl₂) and distinguished by its high expansion potential & reactive nature. This element becomes solid at -153°F (-103°C) and liquid at -29°F (-34°C). It is used in almost half of the global commercial chemical businesses. It is used in organic as well as inorganic chemicals, water treatment, chlorinated intermediaries, EDC (ethylene dichloride) & PVC (Polyvinyl Chloride), aromatics, C1/C2, isocyanates, pulp & paper, propylene oxide, and others such as HCl (Hydrochloric acid) & TiO₂ (Titanium dioxide). Chlorine is one of the common elements in nature, however, it actually does not exist by itself & it is generally bounded by other elements; since it is highly reactive. The PVC invention in 1912 was the main breakthrough for the large-scale industrial manufacturing of chlorine.

Common cooking salt (sodium chloride—NaCl) is possibly the best example of inorganic chlorinated substances, whereas the examples of organic chlorinated substances are the oceans, fungal activity, and forest fires.

The yearly global chlorine production capacity is estimated at over 60 million metric tonnes according to the World Chlorine Council (WCC), 2012. The global market for chlorine was valued at USD 26,279 million in 2014. The chlorine market has experienced a rapid growth in the last few years due to an increasing demand from industrial & end-user industries such as pharmaceuticals, aromatics, textiles, agrochemicals, insecticides etc. 

This, along with increasing application scope, is expected to boost the global chlorine market during the forecast period (2014–2020). Moreover, chlorine is utilized as a raw material for the manufacturing of an extensive range of important chemicals which is further projected to boost the market demand. On the other hand, its energy intensive operations & ecological concerns are said to restrain the growth of the global chlorine market in coming years. However, the global chlorine market is projected to grow at a CAGR of over 4.8% during the forecast period.

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The global chlorine market is divided into insecticides, pharmaceuticals, pulp & paper, agrochemicals, textiles, plastics pipes, organic & inorganic chemicals, water sludge treatment, and aromatics, based on the consumer industries. The chemicals’ segment has been the largest market segment over the last few years, mainly because of the major use of chlorine (Cl) as an important raw material in the manufacturing of the chemicals and the trend is projected to continue during the forecast period (2014–2020). An increase in the demand for plastic pipes including EDC (ethylene dichloride) & PVC (Polyvinyl Chloride), in a range of end-use industries, has been a major driving factor for the global chlorine market in the last few years.

The PVC segment accounted for over 30% of the global chlorine demand mainly due to its manifold uses in cornerstone divisions such as automotive, construction, packaging, and IT.

In addition, growing scope for application of chlorine as a solvent, in the pharma industry, is projected to spur its demand over the next few years. In addition, increasing demand for chlorine from other applications, such as insecticides, paper & pulp, and aromatics, is projected to boost the global chlorine market growth.

Geographically, the global chlorine market is divided into seven major regions that include South America, North America, Western Europe, Eastern Europe, Japan, Asia-Pacific, and the Middle East & Africa. Europe has been the biggest regional market for chlorine (Cl) over the past few years with regard to production due to the presence of a number of chemical industries in this region and this trend is projected to persist during the forecast period. North America has been the 2nd largest regional market for chlorine mainly due to the increasing demand for chlorine from a number of consumer industries in North America. Also, the boom in plastic & water treatment industries in North America is said to drive the global market over the next few years. However, Asia-Pacific is likely to experience a tremendous growth because of the various emerging countries such as China, India etc. Plus, key manufacturers are moving their manufacturing bases from developed countries to cost-effective, developing countries mainly due to the growing demand & lack of strict rules & regulations. This is projected to spur the chlorine market growth over the next few years. After the Asia-Pacific region, Western Europe is projected to witness huge growth over the next few years mainly because of the growth of the chemical & pharmaceutical industries in this region as well as the growing utilization of chlorine in these industries. In the United States, certain applications of chlorine have been stopped due to environmental issues, including the cluster rules in the paper & pulp business mandating chlorine-free bleaching.

Some of the major key participants operating in the global chlorine market are Hanwha Chemical Corporation (South Korea), Ineos Group Ltd. (U.K.), The Dow Chemical Company (U.S.), Hanwha Chemical Corporation (Korea), Tosoh Corporation (Japan), PPG Industries (U.S.), Tata Chemicals Ltd. (India),BASF SE (Germany), FMC Corporation, Olin Corporation, Formosa Plastics Corporation (Taiwan), Occidental Petroleum Corporation (U.S.), Xinjiang Zhongtai Chemicals Co. Ltd. (China), Nirma Ltd. (India), and others. Strategic alliances & capacity expansions amongst key companies are projected to offer new market opportunities for chlorine during the forecast period.

These major market players of the market are getting into joint ventures and are going for capacity expansions so as to address the huge demands by developing countries as well as some consumer industries.

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