At 4.5% CAGR, the Asia Pacific Chlorine Market is projected to be worth US$ 13,497.51 million by 2030, says Business Market Insights

According to Business Market Insights research, the Asia Pacific chlorine market was valued at US$ 9,937.69 million in 2023 and is expected to reach US$ 13,497.51 million by 2030, registering a CAGR of 4.5% from 2023 to 2030. Growing demand from water and wastewater treatment industry and flourishment of PVC manufacturing industry attributed to the Asia Pacific chlorine market expansion.

In various end-use industries chlorine finds extensive including water & wastewater treatment, chemical, and PVC manufacturing, due to its versatile properties and wide range of applications. Chlorine is used to manufacture polyvinyl chloride and is extensively used in water purification & wastewater treatment. It is also used in batteries, pharmaceutical, chemical, food processing, and metal fluxing industries, as a bleaching agent, and pulp & paper manufacturing. It is used as a post-harvest disinfectant for fruits & vegetables. The growing pharmaceutical sector due to population growth, advancements in healthcare is expected to increase the demand for pharmaceutical products and medications in the coming years. This will fuel the need for essential raw materials such as chlorine and its derivatives, creating favorable prospects for the Asia Pacific chlorine market.

In pharmaceutical industry chlorine is used as an active pharmaceutical ingredient (API). Biotechnology has revolutionized drug delivery and development processes. Chlorine and its derivatives are essential raw materials for the synthesis of many active pharmaceutical ingredients (APIs) and drug intermediates. Advancements in gene editing technologies, such as CRISPR-Cas9, have opened new avenues for treating genetic disorders. Chlorine derivatives are used in certain gene editing processes, making them essential for gene therapy research and applications. Further, chlorine and its derivatives serve as vital building blocks in the production of various specialty chemicals and intermediates. These chemicals are essential in diverse industries, including pharmaceuticals, agrochemicals, coatings, and personal care products. The rising demand for specialty chemicals tailored to specific applications can propel the need for chlorine. Chlorine derivatives also find applications as solvents and chemical reagents in research laboratory work and chemical synthesis. The expanding chemical research and development activities in industries such as pharmaceuticals, biotechnology, and material science are anticipated to provide growth opportunities to the Asia Pacific Chlorine Market during the forecast period. In addition, the developing pulp & paper industry would offer significant opportunities for the Asia Pacific chlorine market due to its continued reliance on chlorine-based bleaching agents and the increasing sustainable paper production. Chlorine is a key component in bleaching to whiten pulp fibers and improve paper quality. From water treatment, pharmaceuticals, and plastic manufacturing to crop protection, chlorine and its derivatives play crucial roles in enhancing efficiency, safety, and hygiene across various applications. Thus, the increasing adoption of chlorine across different end-use industries is expected to provide opportunities to the Asia Pacific chlorine market over the coming years.

On the contrary, stringent government regulations for environment protection hampers the Asia Pacific chlorine market.  

Based on application, the Asia Pacific chlorine market is segmented into ethylene dichloride/polyvinylchloride production, chloromethanes, isocyanates and oxygenates, solvents and others. The ethylene dichloride/polyvinylchloride production segment held 30.2% share of Asia Pacific chlorine market in 2023, amassing US$ 2,999.79 million. It is projected to garner US$ 4,106.45 million by 2030 to expand at 4.6% CAGR during 2023–2030. 

Based on end-use industry, the Asia Pacific chlorine market is segmented into water treatment, chemicals, pulp and paper, plastics, pharmaceuticals, and others. The plastics segment held 32.7% % share of Asia Pacific chlorine market in 2023, amassing US$ 3,248.61 million. It is projected to garner US$ 4,493.21 million by 2030 to expand at 4.7% CAGR during 2023–2030.

Based on country, the Asia Pacific chlorine market has been categorized into the Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 49.2% share of Asia Pacific chlorine market in 2023. It was assessed at US$ 4,890.89 million in 2023 and is likely to hit US$ 6,881.56 million by 2030, exhibiting a CAGR of 5.0% during  2023–2030.      

Key players operating in the Asia Pacific chlorine market Aditya Birla Chemicals India Ltd; BASF SE; Ercros SA; Hanwha Solutions Corp; INEOS Group Holdings SA; Occidental Petroleum Corp; Tata Chemicals Ltd; and Sumitomo Chemical Co Ltd.

• BASF SE Monomers division received first ISCC+ certification in Asia-Pacific to expand its portfolio of sustainable products in the region. The attainment of the certificates underlines the division’s determination to help customers reach their sustainability targets.

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