Overview of the global chlorine market
Research analysis on the global chlorine market identifies that the growth in pharmaceutical industries where chlorine is used in the medicines to treat chronic diseases will be one of the major factors that will have a positive impact on the growth of the market. The presence of chlorine in the medicines which will help in the curing process of certain diseases which includes high cholesterol, cancer, diabetes, and other diseases. The presence of chlorine are presented either in the compound which contain chlorine and compound which involve very less involvement of chronic, the increasing usage of chlorine in the medicines will propel the market growth in the forecast period. Technavio’s market research analysts predict that this market will grow at a CAGR of almost 5% by 2021.
The vendors in the market are forming strategic collaborations to sustain the market will be one of the latest trends that will gain traction in the chlorine market during the next four years. For instance, acquisition of PPG Industries by Georgia Gulf which will help PPG to concentrate on coatings and industrial coatings business, whcih will increase its revenue. The players in the market are planning to widen their geographical presence, for instance, Dow Chemical Company became Olin’s largest chlorine customers, by retaining its assets from Europe and Brazil, and in Texas which is associated with the PU business.
Competitive landscape and key vendors
Owing to the presence of large number of global and regional players, the market appears highly fragmented and competitive. The vendors in the market are competing based on the technology and product offerings. The market majorly comprises of chemicals, pharmaceuticals companies and service provider companies.
The leading vendors in the market are -
- Akzo Nobel
- Hanwha Corporation
- Occidental Petroleum
- Olin Corporation
- Westlake Chemical
The other prominent vendors in the market are BASF, Formosa Plastics, Packed Chlorine, and Tata Chemicals.
Segmentation by application and analysis of the chlorine market
- EDC/PVC
- Organic chemicals
- Isocyanates
- Chlorinated intermediates
During 2016, the EDC/PVC segment accounted for the major shares in this market. The increase in construction industry will drive market for PVC segment. Additionally, the heavy usage of EDC in the manufacturing of VCM which also include PVC. The supply and demand for EDC are balanced by the PVC market; which are integrated with the production of VCM.
Geographical segmentation and analysis of the chlorine market
- APAC
- Europe
- North America
- South America
- ROW
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. The increasing demand for construction and chemical industries has led to the rising demand for PVC which will subsequently increase demand for chlorine market. Additionally, the rising demand for chlorine from the end user who has their manufacturing facilities in the developing and developed countries will also fuel the market growth.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global chlorine market?
- What are the key market trends impacting the growth of the global chlorine market?
- What are the challenges to market growth?
- Who are the key vendors in the global chlorine market?
- What are the market opportunities and threats faced by the vendors in the global chlorine market?
- Trending factors influencing the market shares of APAC, Europe, North America, South America, and ROW.
- What are the key outcomes of the five forces analysis of the global chlorine market?
Technavio also offers customization on reports based on specific client requirement.
Specialty chemicals are products with diverse end-user applications and are utilized for enhancing the performance properties of a wide array of products. It can exist as a single chemical product or a combination of chemical products, which affects the processing of the end product. This upcoming market research report on the global chlorine market by Technavio is an integral part of the chemicals and materials portfolio and offers key insights into the major trends and key challenges influencing the growth of niche segments like the specialty chemicals sector. Our industry reports also follow a scrupulous procedure of data collection methodology and present an analysis of the factors influencing the growth of the key market stakeholders.
Our market research analysis approach includes primary and secondary research methodologies, including vendor briefings, interviews with industry experts, and telephone and online surveys. Additionally, our research practices also encompass the analysis of company reports and publications, webinars and podcasts, and industry journals and publications. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various specialty chemical products and services to offer an all-inclusive picture of the global chlorine market for the estimated period of 2017-2021.
As per our market research analysts, the Asia-Pacific region was the world’s largest market for chlorine products in 2013. Within this region, China was the key consumer of chlorine products. Various mergers and acquisitions and expansion of the chlorine industry have made the region a potential growth market for chlorine and its associated products. Additionally, to offer clients insights into the key factors influencing the growth of key stakeholders in this market, our analysts have estimated that the rising demand for chlorine from a wide array of industries for manufacturing intermediate products like hydrochloric acid or chlorides may play a vital role in influencing its demand across various geographies across the globe.
To offer clients insights into the competitive landscape for the market space, our upcoming research report on the chlorine market also covers vendors like Hanwha Chemical Corporation, PPD Industries, Tata Chemicals Ltd., BASF SE, and FMC Corporation. The upcoming industry report on the chlorine market also offers insights into rapidly-growing segments within the chemicals and materials industry, including sectors like agrochemicals and fertilizers and additives, adhesives, and sealants.
Our market research methodology for the global chlorine market
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