Market Size of India Chlorine Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Chlorine Market Analysis
The chlorine market in India is expected to register a CAGR of over 5% during the forecast period.
The outbreak of the COVID-19 pandemic resulted in a major slowdown in industrial activity, highly impacting the manufacturing sector. Demand for chlorine in the market was hampered due to reduced demand for finished products from various end-user industries. However, the growth of the pharmaceutical industry during the pandemic and the slow revival of the manufacturing sector to pre-pandemic levels of activity are expected to drive demand for chlorine in the market.
- With chlorine chemistry being extensively used in the production of drugs, the growth of the pharmaceutical industry is expected to be a critical driver for market demand.
- Similarly, the rising need for water conservation is anticipated to fuel the water treatment industry, further strengthening the demand for chlorine during the forecast period.
- However, stringent regulations concerning chlorine usage in various end-user industries including the regulations governing chlorine residual in treated water could potentially hinder the market growth.
- On the flip side, the growing production of PVC in the country and its widening usage in the construction sector are anticipated to provide future opportunities for market growth.
