A large number of players are present in the
global chlorine market making it highly fragmented as well as
competitive. Players within the market of chlorine are competing with
each other based on their product offerings as well as the
technology. The chlorine market majorly comprises pharmaceutical,
service provider, and chemicals companies. Transparency Market
Research (TMR) identifies leading players within the market and
discusses them for the purpose of study. They are: Olin Corporation,
Ercros S.A, BASF SE, Occidental Petroleum Corporation, PPG
Industries, FMC Corporation, Hanwha Chemical Corporation, Tata
Chemicals Ltd., Tosoh Corporation, and Ineos Group Ltd.
View Report Preview:
According to Transparency Market Research,
chlorine market will rise from US$31.1 bn in 2017 to be worth US$42.7
bn by 2022 end, expanding at a 6.5% CAGR between 2017 and 2022. On
the basis of end use, it is estimated that the vinyl segment will
lead in the coming years. As per TMR prediction, the segment is
likely to generate a revenue of US$19.5 bn by 2022. On the basis of
geography, it is estimated that Asia Pacific excluding Japan will
generate the maximum revenue. By 2022, it is estimated that Asia
Pacific excluding Japan market for chlorine will be worth US$23.0 bn.
The second leading regional market for chlorine is expected to be
North America and this region is estimated to be worth US$7.4 bn.
Japan on the other hand is estimated to expand a healthy 6.1% CAGR.
Europe will also witness a healthy growth and generate the revenue of
US$1.2 bn during the forecast period.
One of the important applications of chlorine,
which is responsible for its high demand, is the use of liquid
chlorine for bleaching in water treatment and paper and pulp
industry. The demand for chlorine is also increasing from the
pharmaceutical sector. This is because chlorine can help in the
curing process in certain diseases such as diabetes, cancer, high
cholesterol, and other diseases. Growing use of chlorine in medicines
is estimated to create promising growth opportunities during the
forecast period. The global chlorine market is driven by rising
number of water treatment plants. The growing demand for polyvinyl
chlorine (PVC) from the construction, packaging, and automobile
sectors will also push the growth of the chlorine market worldwide.
Request to view Sample Report:
Leading players are profiled in the report for the
purpose of study. The names of a few are: Ercros S.A, BASF SE, Olin
Corporation, PPG Industries, FMC Corporation, Hanwha Chemical
Corporation, Occidental Petroleum Corporation, Ineos Group Ltd., Tata
Chemicals Ltd., and Tosoh Corporation.
No comments:
Post a Comment