Market Size of Chlorine Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Chlorine Market Analysis
The chlorine market is estimated to register a CAGR of over 3.5% during the forecast period.
During the COVID-19 outbreak, nationwide lockdowns around the globe, disruption in manufacturing activities and supply chains, production halts, and labor unavailability negatively impacted the dyes and pigment market. However, in 2021 the conditions started recovering, which will likely restore the market's growth trajectory during the forecast period.
- Over the medium term, the rising demand from the pharmaceutical and agrochemical industries and the increasing demand for PVC from the construction industry are the major driving factors augmenting the growth of the market studied.
- However, stringent government regulations on the use of chlorine are expected to hinder the market's growth.
- Increasing demand from the wastewater industry may create opportunities in the industry.
- Asia-Pacific dominates the market across the world, with the largest consumption from China and India.
