New Market Research Reports Title “Chlorine Market Analysis Size and Segment Forecasts to 2024” Has Been Added to Grand View Research Report Database
The global chlorine market 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.
Browse full research report on Global Chlorine Market: http://www.grandviewresearch.com/industry-analysis/chlorine-market
Further key findings from the report suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/disinfectants-and-preservatives
Grand View Research has segmented the global chlorine market on the basis of application and region:
Global Chlorine Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2024)
Global Chlorine Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2024)
Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-chlorine-market
Read our blogs – legalworkshop.org
, grandviewresearch.com/blogs/bulk-chemicals