The liquid chlorine market size was substantial in 2021, and revenue is projected to grow at a CAGR of 5.2% from 2022 to 2030, primarily driven by the increased demand for chlor-alkali and derivatives, which have various applications in industries such as water treatment, chemicals, pharmaceuticals, and food beverages. Chlorine has been used for many years to kill germs and remove undesirable tastes and odors from water. While its use has been cleared with certain limitations to ensure safe consumption, rising concerns regarding its environmental impact and stringent government regulations on its usage are expected to hinder market growth. Availability of substitutes for chlorine, including sodium hypochlorite, calcium hypochlorite, and chloramines, is another factor that could restrain market growth. The market has been segmented based on type, end-use industry, and geography. The water treatment segment is expected to experience the fastest revenue growth rate during the forecast period due to the increased demand for clean drinking water. North America is projected to be a significant revenue contributor due to stringent environmental and government regulations, while Asia-Pacific is expected to have the fastest revenue growth rate due to an increase in demand for chlor-alkali products from various end-use industries. The report includes major companies in the market, such as AkzoNobel N.V., BASF SE, DowDuPont, Inc., Evonik Industries AG, Hanwha Chemical Corporation, Ineos Chlorhexidine Gluconate Manufacturing Ltd., Mitsubishi Chemical Holdings Corporation, Olin Corporation, Samsung Fine Chemicals Co. Ltd., and Solvay S.A. These companies use market strategies such as new product launches, expansions, mergers acquisitions, and joint ventures to increase their market share.

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Liquid Chlorine Market: Drive factors

The global liquid chlorine market is primarily driven by the increasing demand for chlor-alkali and derivatives, which are used in various applications such as water treatment, chemicals, pharmaceuticals, food beverages industries, among others. Chlorine is a strong oxidizing agent that has been used for many decades to kill potentially dangerous germs such as bacteria, viruses, and parasites, as well as reduce disagreeable tastes and odors in water. Additionally, it helps to eliminate slime bacteria, molds, and algae, which is critical in water supply reservoirs, on pipeline walls, storage tanks, and swimming pools, among others.

The COVID-19 pandemic has also highlighted the importance of disinfecting surfaces and water to prevent the spread of the virus. According to a study published in December 2021 in the National Library of Medicine, ClO2 (chlorine dioxide) is a more potent antiviral agent against SARS-CoV-2 than sodium hypochlorite, further emphasizing the importance of chlorine and its derivatives in disinfection applications.

Moreover, the increasing demand for clean drinking water and wastewater treatment is also driving the growth of the liquid chlorine market. Chlorine is one of the major chemicals used for disinfecting drinking water and treating wastewater and effluents. It is also used in swimming pools to control bacteria and the growth of other microorganisms. In addition, chlorine is widely used in the chemical industry for the production of PVC, CPVC, and other chemicals.

However, there are also some factors that could potentially restrain the growth of the liquid chlorine market. These include rising concerns regarding environmental impact and stringent regulations imposed by governments of various countries regarding the usage of chlorine and concerns about potential harmful effects. The availability of substitutes for chlorine, such as sodium hypochlorite, calcium hypochlorite, and chloramines, could also restrain market growth during the forecast period.

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