Why will Demand for Chlorine Soar in Asia-Pacific (APAC) in Future?
Chlorine is widely used in water treatment applications for eliminating pathogens from water and making it safe for sanitation and drinking purposes. The rising awareness among the masses regarding the harmful effects of consuming untreated water and the various diseases caused due to the consumption of contaminated water such as cholera, typhoid, Hepatitis E, and Hepatitis A, especially in the developing nations such as Brazil, India, and Thailand is pushing up the requirement for water treatment.
Besides being widely used in water treatment plants, cholera is also extensively used for treating water in swimming pools and for irrigation purposes across the world. In addition to this, the governments of several countries are implementing strict measures for regulating the supply of safe, clean, and treated water, which is positively impacting the sales of chlorine around the world. Furthermore, chlorine is widely required in huge volumes during the chlorination process for polyvinyl chloride (PVC) production.
Because of the aforementioned factors, the value of the global chlorine market is predicted to rise from $36,845.0 million to $63,121.6 million from 2019 to 2030. According to the forecast of P&S Intelligence, a market research firm based in India, the market would advance at a CAGR of 5.2% from 2020 to 2030. Inorganic chemicals, solvents, isocyanates & oxygenates, chloromethanes, and ethylene dichloride (EDC)/polyvinyl chloride (PVC) are the major application areas of chlorine.
This would be a result of the growing requirement for the compound in the developing nations of APAC such as India, Thailand, and China for use in PVC/EDC production and water treatment applications. PVC/EDC production is soaring in the APAC countries, on account of the rising industrialization and urbanization. In addition to this, the growing requirement for chlorine in the pharmaceutical sector will also boost the sales of the compound in the region in the upcoming years.
Hence, it can be said with full surety that the sales of chlorine will climb all over the world in the future years, primarily because of the growing requirement for the compound in water treatment plants, in the production process of PVC, and the pharmaceutical sector.
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