The chlorine market is witnessing growth, this development can be ascribed to the growing utilization of chlorine in water treatment applications and the growing need for polyvinyl chloride (PVC) are the key reasons propelling the enlargement of the industry.
In recent years, on the basis of applications, the EDC/PVC category dominated the chlorine industry. This is mainly because of the wide utilization of the chemical in the chlorination procedure needed for making EDC/PVC. With the rising need for EDC/PVC in numerous applications in electrical and electronics, automotive, building construction, and numerous other industries, its production is thriving throughout the globe.
Therefore, with the growing need for EDC/PVC in such sectors, the worldwide usage of chlorine has risen steeply, thus resulting in the growth of the category in the industry.
On the basis of end-users, the water treatment category is estimated to showcase the fastest development in the industry for chlorine in the few coming years, mainly because of the rising worries over water safety throughout the globe.
Chlorine is extensively utilized in water utilities as a purifier, to offer pure drinkable water and clean water for hygiene. Due to this factor, the need for the compound is increasing suddenly, which is, ultimately, boosting the advance of the category.
Furthermore, in the U.S., the Environmental Protection Agency (EPA) has instructed that processed tap water should comprise a certain noticeable level of chlorine, to guarantee that it stays free of microorganisms till it gets to the taps of users. This is enormously fuelling the need for the chemical for water treatment drives, thus driving the growth of the category in the chlorine industry.
In recent years, the APAC region dominated the chlorine market, and the region is projected to be dominant in the future as well. This is mainly because of the rising need for chemicals in developing nations, like China, India, and Thailand for producing EDC/PVC. The making of EDC/PVC is increasing here on account of its rising usage in the building construction, electrical electronics, and automotive industries.
PVC is extensively utilized for door sidings, insulation, flooring, shingles, and roofing. Therefore, in order to fulfill the growing need for EDC/PVC in such applications, its making will soar, which will, ultimately, drive the sale of chlorine in the future.