Chlorine Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 


Chlorine Market Analysis:

The forecast period is expected to witness a Compound Annual Growth Rate (CAGR) of over 3.5% in the chlorine market. The COVID-19 pandemic led to nationwide lockdowns, disruptions in manufacturing activities and supply chains, production halts, and labor shortages, all of which had a negative impact on the dyes and pigment market. However, as of 2021, conditions have started to recover, which is likely to restore the growth trajectory of the market during the forecast period.

In the medium term, the growth of the market is primarily driven by the increasing demand from the pharmaceutical and agrochemical industries, as well as the construction industry’s rising demand for PVC. However, the market’s growth may be hindered by stringent government regulations on the use of chlorine. On the other hand, the wastewater industry’s increasing demand may create opportunities within the industry.

Asia-Pacific holds the dominant position in the global market, with China and India being the largest consumers of chlorine.

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