Chlorine Market by Application and Geography — Forecast and Analysis 2020–2024

The chlorine market size has the potential to grow by USD 5.65 billion during 2020–2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by application (EDC/PVC, organic chemicals, isocyanates, chlorinated intermediates, and others) and geography (APAC, North America, Europe, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Akzo Nobel NV, BASF SE, Dow Inc., Hanwha Solutions Corp., INEOS Group Holdings SA, Occidental Petroleum Corp., Olin Corp., PPG Industries Inc., Tata Chemicals Ltd., and Westlake Chemical Corp.

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Chlorine chemistry is crucial to the manufacture of more than 70% of the prescriptions that are sold by the pharmaceutical industry in the global market. Drugs containing chlorine are used to treat numerous medical conditions and diseases, including high cholesterol, cancer, diabetes, stomach ulcers, depression, anemia, high blood pressure, asthma, epilepsy, and inflammation. Chlorine is used in the final step of drug formulation of approximately 25% of medicines. In other cases, chlorine plays a supporting role in the synthesis of drugs. For example, HCl solution may be used for controlling the pH value during the manufacturing process, or chlorinated solvents may be used as agents for separation or purification. The growing use of chlorine in the pharmaceutical industry will contribute to market growth. The chlorine market will register a CAGR of over 3% by 2024.