The liquid chlorine market was valued at $5.59 billion in 2021, and is projected to reach $8.93 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.
Liquid chlorine is produced by the liquefaction of the chlorine gas that is formed in the electrolysis process. Its oxidizing power is strong, and hence it is a raw material for oxidizing agents, disinfectants, bleaches, and different chlorides. It is utilized in the organic chemical industry to produce a broad range of consumer products. Also, it is used to synthesize a variety of intermediates that serve numerous industries such as water treatment, agriculture chemical processing, and pharmaceutical.
For the purpose of analysis, the global liquid chlorine market scope covers segmented on the basis of type, application and region. The types of liquid chlorine including, sodium hypochlorite, lithium hypochlorite, calcium hypochlorite, and others are analyzed in the report. The use of liquid chlorine in various end-use industries, including water treatment, agriculture, chemical processing, pharmaceutical, pulp and paper, plastic, textile, paints and coatings, and others are analyzed in the report. Moreover, it analyzes the current market trends of liquid chlorine across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
In addition, the report covers profiles of key industry participants such as AGC Inc., Atul Ltd, Clean Plus chemicals Ltd, DCW limited, Formosa Plastics Corporation, Global Heavy Chemicals Ltd, Hamilton chemicals, Meghmani Finechem Limited, Occidental Chemical Corporation, SHOWA DENKO K.K, Tata Chemicals, Toagosie Co. Ltd, Vencorex, Vynova group, and Weifang Yaxing Chemical Co.
Liquid chlorine is produced by the liquefaction of the chlorine gas that is formed in the electrolysis process. Its oxidizing power is strong, and hence it is a raw material for oxidizing agents, disinfectants, bleaches, and different chlorides. It is utilized in the organic chemical industry to produce a broad range of consumer products. Also, it is used to synthesize a variety of intermediates that serve numerous industries such as water treatment, agriculture chemical processing, and pharmaceutical.
For the purpose of analysis, the global liquid chlorine market scope covers segmented on the basis of type, application and region. The types of liquid chlorine including, sodium hypochlorite, lithium hypochlorite, calcium hypochlorite, and others are analyzed in the report. The use of liquid chlorine in various end-use industries, including water treatment, agriculture, chemical processing, pharmaceutical, pulp and paper, plastic, textile, paints and coatings, and others are analyzed in the report. Moreover, it analyzes the current market trends of liquid chlorine across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
In addition, the report covers profiles of key industry participants such as AGC Inc., Atul Ltd, Clean Plus chemicals Ltd, DCW limited, Formosa Plastics Corporation, Global Heavy Chemicals Ltd, Hamilton chemicals, Meghmani Finechem Limited, Occidental Chemical Corporation, SHOWA DENKO K.K, Tata Chemicals, Toagosie Co. Ltd, Vencorex, Vynova group, and Weifang Yaxing Chemical Co.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the liquid chlorine market analysis from 2021 to 2031 to identify the prevailing liquid chlorine market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the liquid chlorine market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global liquid chlorine market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Sodium hypochlorite
- Lithium hypochlorite
- Calcium hypochlorite
- Others
By Application
- Water Treatment
- Agriculture
- Chemical Processing
- Pharmaceutical
- Pulp and Paper
- Plastic
- Textile
- Paints and Coatings
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- FORMOSA PLASTICS CORPORATION
- Global Heavy Chemicals Ltd
- Hamilton Chemicals
- MEGHMANI FINECHEM LIMITED
- OCCIDENTAL CHEMICAL CORPORATION
- SHOWA DENKO K.K
- Tata Chemicals
- TOAGOSIE CO. LTD
- VENCOREX
- AGC Inc.
- Atul Ltd
- Clean Plus chemicals Ltd
- VYNOVA GROUP
- DCW Limited
- Weifang Yaxing Chemical Co. Ltd
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: LIQUID CHLORINE MARKET, BY TYPE
CHAPTER 5: LIQUID CHLORINE MARKET, BY APPLICATION
CHAPTER 6: LIQUID CHLORINE MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Liquid Chlorine Market," the liquid chlorine market was valued at $5.59 billion in 2021, and is estimated to reach $8.93 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.Liquid chlorine is widely used to enhance the disinfection process by aiding in the oxidation of several elements, including hydrogen sulphide, iron, and manganese that are present in water. Another primary industrial application of chlorine is in the manufacturing of plastics and polymers such as polyurethane and polyvinyl chloride. Also, it is extensively used in industries including pharmaceutical and agriculture.
Liquid chlorine serves as a reactive intermediary in the synthesis of inorganic compounds such as hydrochloric acid, chloro sulphonic acid, and metallic chlorides. In the water treatment business, liquid chlorine is frequently used for disinfection as well as the oxidation of iron and manganese. Liquid chlorine is also a part of the sewage and industrial waste treatment process. Chlorine is used as a bleaching agent in the manufacturing of paper and fabric. It is also found in cleaning goods like bleach, which is chlorine dissolved in water. It is used in the textile industry to bleach cotton yarn and textiles, and in the pulp and paper sector to whiten pulp. Diabetes, high blood pressure, high cholesterol, asthma, seizures, cancer, and depression are treated with chlorine. Approximately 85% of pharmaceutical medications are manufactured with chlorine or chlorinated chemicals.
The growth of the global liquid chlorine market is majorly attributable to its wide applications in various industries such as agriculture, chemical processing, pharmaceutical, pulp & paper, plastic, textile, and paints & dyes. Also, the increase in number of outdoor pools and rise in consumers’ incomes lead to a surge in adoption of liquid chlorine for disinfecting and cleaning water, which is predicted to drive the market growth during the forecast period.
Further, the increase in demand for liquid chlorine as disinfectant in waste-water treatment industry is predicted to propel the growth of the liquid chlorine market during the forecast period. Liquid chlorine typically uses liquid chlorine bleach that is dosed into the wastewater prior to distribution. The type of chlorine used is frequently determined by cost, storage choices, and the pH conditions necessary. Liquid chlorine is the most widely used disinfectant for municipal wastewater as it destroys target organisms by oxidizing cellular material. Liquid chlorine, sodium hypochlorite, and calcium hypochlorite are the most common types of chlorine used in water treatment. Liquid chlorine can also be used to eliminate parasites, bacteria, and viruses in drinking water.
However, health hazards associated with liquid chlorine is projected to hinder the expansion of the market. Skin injuries similar to frostbite can occur if exposed to liquid chlorine. On the contrary, growth of the chemical industry is expected to offer ample growth opportunities for the liquid chlorine industry. Global chemical production is predicted to rise by 4.4% in 2021, which is above average for the years prior to the coronavirus pandemic. In China, the world’s largest chemical market, a growth rate in chemical production of 6.3% (2020: 3.4%) is anticipated. Liquid chlorine is an important chemical building component that is used in the production of various items that benefit public health and safety, advanced technology, nutrition, security, and transportation. It is utilized in the organic chemical industry to produce an expansive range of consumer products. Also, it is used to synthesise a variety of intermediates that serve in different industries.
The liquid chlorine market is segmented into type, application and region. On the basis of type, the market is categorized into sodium hypochlorite, lithium hypochlorite, calcium hypochlorite, and others. On the basis of application, the market is classified into water treatment, agriculture, chemical processing, pharmaceutical, pulp and paper, plastic, textile, paints and coatings, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Theliquid chlorine market share is analyzed across all significant regions and countries. Asia-Pacific is the fastest growing region. In Asia-Pacific, liquid chlorine contributes to public health and safety, innovative technologies, and nutrition. In the pharmaceutical sector, liquid chlorine can be found in blood bags, medical gadgets, and surgical sutures. It is also beneficial in killing pathogens such as salmonella, campylobacter, and norovirus. In addition, it helps decrease cholesterol, alleviate arthritic pain, and alleviate allergy symptoms. Such rise in demand for liquid chlorine in pharmaceutical industry is projected to drive the growth of the liquid chlorine market in the region.
The major players operating in the global liquid chlorine market include AGC Inc., Atul Ltd, Clean Plus chemicals Ltd, DCW limited, Formosa Plastics Corporation, Global Heavy Chemicals Ltd, Hamilton chemicals, Meghmani Finechem Limited, Occidental Chemical Corporation, SHOWA DENKO K.K, Tata Chemicals, Toagosie Co. Ltd, Vencorex, Vynova group, and Weifang Yaxing Chemical Co.
COVID-19 Analysis
The COVID-19 pandemic has had extraordinary consequences on the end-use industries of liquid chlorine. Due to the COVID-19 outbreak, the health awareness among the populace has grown and the pharmaceutical sector has grown during the pandemic. Further, liquid chlorine is used as a pool sanitizer, which is used to keep the water clean and pollutants such as fungus from developing. It also helps prevent the spread of illnesses such as dysentery, fever, and other water-borne illnesses disorders. Furthermore, increased sales of disinfectant items worldwide is bolstering the demand for liquid chlorine in the market during the pandemic.Key Findings of the Study
By type, the sodium hypochlorite segment was the highest revenue contributor to the market in 2021By application, the water treatment segment is expected to grow at a CAGR of 5.2%, in terms of revenue, during the forecast period.
By region, Asia-Pacific was the highest revenue contributor and is estimated to grow with a CAGR of 5.4%.
South Korea, and Japan are expected to witness considerable CAGRs of 5.2%, and 4.1% respectively, during the forecast period.
Companies Mentioned
- Formosa Plastics Corporation
- Global Heavy Chemicals Ltd
- Hamilton Chemicals
- Meghmani Finechem Limited
- Occidental Chemical Corporation
- Showa Denko K.K
- Tata Chemicals
- Toagosie Co. Ltd
- Vencorex
- Agc Inc.
- Atul Ltd
- Clean Plus Chemicals Ltd
- Vynova Group
- Dcw Limited
- Weifang Yaxing Chemical Co. Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 281 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 5.59 billion |
| Forecasted Market Value ( USD | $ 8.93 billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
