Portland, OR, Aug. 24, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global liquid chlorine market was estimated at $5.59 billion in 2021 and is expected to hit $8.93 billion by 2031, registering a CAGR of 4.9% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $5.59 Billion |
| Market Size in 2031 | $8.93 Billion |
| CAGR | 4.9% |
| No. of Pages in Report | 281 |
| Segments Covered | End User, Product Type, Industry Vertical, and Region. |
| Drivers | Increase in demand for liquid chlorine from water purification, agriculture, chemical processing, and pulp & paper industries |
| Opportunities | Growth of the chemical industry |
| Restraints | Several health hazards associated with liquid chlorine |
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Covid-19 scenario-
- Increasing health awareness across the world gave way to rising demand for liquid chlorine which is used as a pool sanitizer, which is used to keep the water clean and pollutants such as fungus from developing.
- Moreover, the pandemic led to augmented usage of disinfectants in transportation, public facilities, hospitals, nursing homes, wastewater treatment facilities, and homes, which impacted the market positively.
The global liquid chlorine market is analyzed across type, application, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
Based on type, the sodium hypochlorite segment contributed to nearly half of the global liquid chlorine market revenue in 2021, and is expected to dominate by 2031. The same segment would also showcase the fastest CAGR of 5.1% throughout the forecast period. The lithium hypochlorite and calcium hypochlorite segments are also assessed in the study.
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Based on application, the water treatment segment held more than two-thirds of the total market revenue in 2021, and is expected to dominate by 2031. The pharmaceutical segment, simultaneously, would manifest the fastest CAGR of 7.6% throughout the forecast period. The other segments analyzed in the report take in agriculture, chemical processing, pulp & paper, plastic, textile, and paints & coatings.
Based on region, the market across Asia-Pacific generated nearly three-fifths of the global liquid chlorine market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The same region would also manifest the fastest CAGR of 5.4% during the forecast period. The other regions studied in the report include North America, LAMEA, and Europe.
The key market players analyzed in the global liquid chlorine market report include Clean Plus chemicals Ltd, Formosa Plastics Corporation, SHOWA DENKO K.K, Occidental Chemical Corporation, Atul Ltd, Global Heavy Chemicals Ltd, Hamilton chemicals, Meghmani Finechem Limited, Weifang Yaxing Chemical Co., DCW limited, AGC Inc., Tata Chemicals, Toagosie Co. Ltd, Vencorex, and Vynova group. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
