According to a new report published by Allied Market Research, 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.
The global liquid chlorine market is expected to possess high growth potential in the coming years owing to increase in its use across many sectors in agricultural, water treatment, pharmaceuticals, pulp & paper and others. Besides, 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. However, the health hazards associated with liquid chlorine is predicted to hinder the market growth. Nevertheless, the growth of the chemical industry coupled with increase in usage of liquid chlorine in chemical processing is anticipated to create ample growth opportunities for the liquid chlorine market in the coming years.
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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.
Impact Of COVID-19 On the Liquid Chlorine Market:
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.
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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.
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Key findings of the study:
- By type, the sodium hypochlorite segment was the highest revenue contributor to the market in 2021
- By 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.
The major players operating in the Liquid Chlorine Market:
- 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
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