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Growth Accelerated By Increasing Usage Of Chlorine In Water Sanitization

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Pooja Khodke
Growth Accelerated By Increasing Usage Of Chlorine In Water Sanitization

Chlorine and its derivatives such as caustic soda (NaOH) and soda ash (Na2CO3) are in high demand from various end-use industries like organic and inorganic chemicals, water treatment, pulp & paper, alumina, and others. The chlorine derivatives help in disinfection of water and are extremely useful in textile bleaching and processing. The increasing focus on water sanitization and demand for chlorine derivatives from various end-use industries are anticipated to drive the Chlor-Alkali market growth during the forecast period.


The global Chlor-Alkali Market is estimated to be valued at Us$ 263,531.83 Kt in 2023 and is expected to exhibit a CAGR Of 15% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:


Increasing usage of chlorine in water sanitization is a key trend fueling the demand in the Chlor-Alkali market. Chlorine is widely used for disinfection of drinking water and in wastewater treatment as it effectively kills microorganisms. According to WHO, approximately 91% of the global population uses drinking water from facilities that use chlorine for disinfection. The increasing focus on water treatment facilities and disinfection of wastewater across residential, commercial, and industrial sectors globally is contributing to high consumption of chlorine. Moreover, strict regulations regarding water usage have made water treatment and disinfection mandatory, thus benefitting the chlorine demand. This increasing usage of chlorine in water sanitization applications is projected to drive the Chlor-Alkali market growth over the forecast period.


Segment Analysis


The global chlor-alkali market is dominated by the caustic soda segment which accounted for over 50% share of the overall market in 2023. Caustic soda finds wide usage in industry applications such as alumina production, paper manufacturing, textiles, organic chemicals and soap and detergents among others. The strong demand from end use industries ensures steady and high consumption of caustic soda sustaining its market dominance.

The chlorine segment was the second major segment in 2023 and is expected to witness significant growth on account of rising chlorine derivatives demand particularly in water treatment chemicals, polyvinyl chloride production and solvents sectors over the forecast period.

Key Takeaways


The Global Chlor-Alkali Market Demand is expected to witness high growth over the forecast period of 2023 to 2030 supported by rapid industrialization and infrastructural activities worldwide.

Regional analysis


Asia Pacific currently dominates the global chlor-alkali market accounting for over 35% share in 2023. China, India and Japan are the major consumers in the region attributed to strong presence of end use industries. growing infrastructure and rising disposable incomes will continue driving the market in the future. North America and Europe are other major markets driven by recovering construction sectors and demand from automotive industries in the US and Germany respectively.

Key players


Key players operating in the chlor-alkali market are Teva Pharmaceutical Industries Ltd., AbbVie Inc, Pfizer Inc., Reddy's Laboratories Ltd, Zydus Cadila, ReNetX Bio, Inc, InVivo Therapeutics Holdings, Lineage Cell Therapeutics, Inc, Kringle Pharma, Inc., Acorda Therapeutics, Inc., Bioaxone Biosciences, Inc, RespireRx Pharmaceuticals Inc., NervGen, Rising Pharmaceuticals, Inc, ScieGen Pharmaceuticals, Inc, MSN Laboratories Private Limited, and Lannett Co Inc.


Check more trending articles on this topic:


https://www.insightprobing.com/the-global-chlor-alkali-market-is-driven-by-increased-demand-for-chlorine-from-end-use-industries/


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