SEATTLE, Dec. 10, 2018 (GLOBE NEWSWIRE) -- The global chlorine market was valued at US$ 13,948.7 million in 2017 and is projected to exhibit a CAGR of 5.0% over the forecast period (2018 – 2025), owing to increasing demand for chlorine from end-use industries.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/global-chlorine-market-277
Key Trends and Analysis in the Chlorine Market:
Demand for chlorine in manufacturing of construction materials, fiberglass for insulation, silicone adhesives, electrical components, floor coverings, molding strips, roofing materials, paints, and varnishes is increasing due to growing construction sector. According to the Oxford Economics Report on the global construction industry, in 2009, construction industry was a US$ 7.5 trillion economy and it is projected to reach US$ 12.7 trillion, an increase of 70%, by 2020.
However, increasing environment concerns and awareness of impact of chlorine manufacturing processes such as mercury cell process is adversely impacting the market growth. Moreover, growing awareness regarding health hazards of chlorine is also hindering the market growth. For instance, according to Centers for Disease Control and Prevention (CDC), Chlorine gas is a highly soluble in water thus at low concentrations, chlorine can cause nose, eye irritation, cough and sore throat.
Request Sample Pages of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/277
Key Market Takeaways:
- Among derivatives, polyvinyl chloride (PVC) segment held significant market share in the global chlorine market in 2017. PVC, Propylene oxide, Epichlorohydrin, Phosgene, C1 Derivatives, titanium tetrachloride, hydrochloric acid (HCl), and Titanium dioxide (TiO2) are some chlorine derivatives. PVC is the second largest thermoplastics used after polyethylene and properties of chlorine such as fire resistance and easy processing with wide variety of formulations are major factors that contribute to increasing adoption of PVC. PVC is used in various applications such as in the construction sector (window profiles, roller shutters, electrical insulation, water pipes, and floor coverings), consumer goods (credit cards, mineral water bottles, toys, footwear, and fabric coatings) and packaging of agro foods, cosmetics, and medical equipment (perfusion and transfusion pouches, and probes).
- Europe accounted for the second largest market share in the global chlorine market in 2017, owing to increasing demand for chlorine from end-use industries including pharmaceutical industries. Chlorine is used in drug synthesis in pharmaceutical industry. Growing pharmaceutical industry is expected to positively impact growth of the chlorine market in the region. For instance, according to European Federation of Pharmaceutical Industries and Associations, in Europe, the pharmaceutical production was valued at US$ 270.33 billion in 2014, which increased to US$ 275.22 billion in 2015.
- Key players operating in the global chlorine market include, BASF SE, Occidental Chemical Corporation, Ercros SA, Ineos Group Ltd., Olin Corporation, PPG Industries, Tosoh Corporation, Dow Chemical Company, Westlake Chemical Corporation, Solvay S.A., Akzo Nobel N.V., and Covestro AG.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.