The liquid chlorine market size was significantly large in 2021 and revenue is expected to register a CAGR of 5.2% from 2022 to 2030.
Rising demand for chlorinated derivatives, such as PVC, which is widely used in construction, automobile, packaging, electronic, and healthcare applications, will drive Liquid Chlorine demand during the forecast period. Chlorine and Ethylene react to form Ethylene Dichloride, which is used to create Vinyl Chloride Monomer. Vinyl Chloride Monomer is then converted into PVC. Polyvinyl Chloride is a highly durable building material that is used in a variety of applications such as rigid or flexible, white, black, or multi-colored applications.
Top Companies: 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.
There has been a significant increase in demand for PVC resins from pipes and fittings that replace to reduce water losses from aging infrastructure. The government of India’s heavy investments in the region’s infrastructure developments, combined with a growing emphasis on irrigational land, are the key drivers for the Polyvinyl Chloride demand development, which will drive up demand for Liquid Chlorine during the forecast period. In addition, Chlorinated Paraffin Wax that is used to impart flame retardant properties to the Polyvinyl Chloride products like PVC cables & flooring will further rise the Liquid Chlorine demand during the forecast period.
Market Segmentation Outlook:
- Sodium Hypochlorite
- Calcium Hypochlorite
- Liquid Chlorine Gas
End-Use Industry Outlook:
- Water Treatment
- Food & Beverages
- Others (Pulp & Paper, Oil & Gas, etc.)