Chlorine Market Encouraging The Growth At A USD 39.31 Billion By 2024Posted by Neha Bora on December 5th, 2019 San Francisco, 5 December 2019: The Report Chlorine Market Size, Share & Trend Analysis Report By Application (EDC/PVC, Organic Chemicals, Inorganic Chemicals, Isocyanates), By Region, And Segment Forecasts, 2016 – 2024 The global chlorine market size is expected to reach USD 39.31 billion by 2024, according to a new report by Grand View Research, Inc. Chlorine serves as an important raw material in various chemical industries. It is also an essential ingredient for PVC production, which has observed increasing demand in construction, automotive, and packaging industries. These factors are anticipated to drive the global chlorine market. Increasing demand for chlorine across various industries for manufacturing intermediate products such as hydrochloric acid, chlorides, etc. is expected to be a key factor influencing the market growth. Price fluctuations due to uneven demand and supply particularly in Asia Pacific are expected to pose challenges to key industry participants in the region. Chlorine is highly reactive when it comes in contact with other materials which increase handling risk. Toxicological nature of chlorine also adds up to the market challenges. EDC/PVC was the largest application segment and accounted for 34.5% of global demand in 2015. Escalating PVC demand in construction industry is expected to drive this segment over the forecast period. It is also expected to witness the highest growth of 4.8% over the forecast period. Access Research Report of Chlorine Market @ https://www.grandviewresearch.com/industry-analysis/chlorine-market Further key findings from the report suggest:
Grand View Research has segmented the global chlorine market on the basis of application and region: Chlorine Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2024)
Chlorine Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2024)
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