DALLAS, March 18, 2015 /PRNewswire/ --
The report "Chlorine Market by Application (EDC/ PVC, C1 & C2 Aromatics, Inorganic Chemicals, Organic Chemicals, Chlorinated Intermediates, Isocyanates, Propylene Oxide, Pulp & Paper, Textiles, Water Treatment, Others), by Region - Trends & Forecasts to 2019", published by MarketsandMarkets, Chlorine consumption is projected to grow from 65,896 KT in 2014 to 76,078 KT by 2019, at a CAGR of 2.92% during the same period.
Browse 70 Market Data Tables and 46 Figures spread through 125 Pages and in-depth TOC on "Chlorine Market"
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The chlorine market is estimated to witness a CAGR of 4.9% between 2014 and 2019 in terms of value, and is anticipated to generate a global market value of $33,362 million by 2019.
The report also defines driving and restraining factors for the global Chlorine Market with the analysis of trends, opportunities, burning issues, winning imperatives, and challenges. Some of the drivers include growing increased demand from the fast growing chemical industry and increased demand from the EDC/ PVC industries. The chlorine market is experiencing moderate growth, especially in Asia-Pacific and North America, due to the increased demand of chlorine in isocyanates and chemical sectors.
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The market is forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World both by value and volume. The regional chlorine market is further segmented on the basis of major applications.
"Asia-Pacific: The Biggest Market of Chlorine"
The Asia-Pacific region was the world's largest market for chlorine products in 2013. China is the key consumer of chlorine in Asia-Pacific. Various mergers & acquisitions, and expansions in chlorine industry and growing chemical industry have in turn made the region a potential growth market for chlorine market. Expansions are key growth strategy adopted by major players in this industry.
Expansion and merger & acquisitions are the major growth strategies adopted by industry players. Most of the companies are engaged in expanding their existing facilities or are venturing into new markets by mergers & acquisitions. Another area of concern is the improvement in the existing technology so that there is less energy consumption and the process is more environmentally benign.
The report forecasts value of the global chlorine market and its various sub-markets with respect to main regions namely, Asia-Pacific, Europe, North America, and Rest of the World.
The report segments the global chlorine market by its subsequent end-use applications.
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