At 3.3% CAGR, the North America Chlorine Market is projected to be worth US$ 5654.79 million by 2030, says Business Market Insights

According to Business Market Insights research, the North America chlorine market was valued at US$ 4,494.35 million in 2023 and is expected to reach US$ 5,654.79 million by 2030, registering a CAGR of 3.3% from 2023 to 2030. Growing demand from water and wastewater treatment industry and flourishment of PVC manufacturing industry attributed to the North America chlorine market expansion.  

In recent years, the chlorine demand has steadily increased from the water and wastewater treatment industry due to several factors crucial for maintaining public health and environmental sustainability. The growing population is leading to increased water consumption and wastewater generation, which puts immense pressure on water resources. As urbanization and industrialization continue to expand, the need to treat larger volumes of water and wastewater becomes paramount. Chlorine in various forms such as chlorine gas, sodium hypochlorite, or calcium hypochlorite is recognized as an effective disinfectant. It effectively eliminates harmful pathogens, bacteria, and viruses for water that can pose significant health risks if left untreated. Thus, chlorine is considered a crucial cost-effective solution to treat large quantities of water to ensure the delivery of safe and clean drinking water to millions of people across the world. Furthermore, robust water disinfection methods have become critical with the rise of antibiotic-resistant bacteria and the emergence of waterborne diseases. In addition to its primary role in pathogen removal, chlorine is used in water treatment to address other water quality concerns such as algae & algae toxin control and iron & manganese removal. Thus, upsurging demand for chlorine from the water & wastewater industry due to the rising water consumption from growing population and the increasing need to ensure safe and clean drinking water consumption drives the North America chlorine market growth.

On the contrary, stringent government regulations for environment protection hampers the North America Chlorine Market.  

Based on application, the North America chlorine market is segmented into ethylene dichloride/polyvinylchloride production, chloromethanes, isocyanates and oxygenates, solvents and others. The ethylene dichloride/polyvinylchloride production segment held 30.4% share of North America chlorine market in 2023, amassing US$ 1,365.73 million. It is projected to garner US$ 1,731.11 million by 2030 to expand at 3.4% CAGR during 2023–2030. 

Based on end-use industry, the North America chlorine market is segmented into water treatment, chemicals, pulp and paper, plastics, pharmaceuticals, and others. The plastics segment held 26.5% share of North America chlorine market in 2023 and amassing US$ 1,191.10 million. It is projected to garner US$ 1,529.77 million by 2030 to expand at 3.6% CAGR during 2023–2030.

Based on country, the North America chlorine market has been categorized into the U.S., Canada, and Mexico. Our regional analysis states that the U.S. captured 81.4% share of North America chlorine market in 2023. It was assessed at US$ 3,659.68 million in 2023 and is likely to hit US$ 4,637.82 million by 2030, exhibiting a CAGR of 3.4% during the 2023–2030.      

Key players operating in the North America chlorine market are Aditya Birla Chemicals India Ltd, BASF SE, Ercros SA, Hanwha Solutions Corp, INEOS Group Holdings SA, Occidental Petroleum Corp, Olin 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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