United States Chlorine Market Driven By Rising Demand From Water Treatment Industry
The United States chlorine market is a highly fragmented market with a large number of small, medium, and large manufacturers operating in the industry. Chlorine finds wide applications in water treatment, chemical manufacturing, paper & pulp, and others. It acts as a disinfectant and helps purify drinking water. The rising concerns over water scarcity and need for clean drinking water have propelled the demand for water treatment facilities across municipal and industrial sectors. This in turn has augmented the consumption of chlorine over the years.
The United States chlorine market is estimated to be valued at US$ 2.70 Bn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024-2031.
Key Takeaways
Key players: Key players operating in the United States chlorine market are Olin Corporation, Occidental Petroleum Corporation, Westlake Corporation, Hydrite Chemical Co., Air Liquide USA Inc., ERCO Worldwide, Formosa Plastics Corporation, Georgia Gulf Corporation, Kuehne Chemical Corporation, and Titanium Metals Corporation.
Key opportunities: Rising infrastructure development and expansion of existing water treatment facilities are expected to offer significant opportunities for manufacturers. Moreover, growing industrialization in the Southeast region has boosted the demand from chemical processing industries.
Global expansion: Leading manufacturers are expanding their production facilities and geographical footprint to leverage opportunities across high growth markets. Many players have also entered into strategic partnerships with local distributors to solidify their market presence. Meanwhile, growing export demand for American chlorine from Latin American and Asian countries will aid the market expansion globally.
Market drivers: The primary driver for the growth of United States chlorine market is the rising demand from the water treatment industry. Stringent regulations regarding provision of potable water and expansion of municipal water infrastructure have increased the need for chlorine as a disinfectant. Its wide applications as a bleaching agent in the paper & pulp industry is another major factor augmenting the market growth.
PEST Analysis
Political: The US government regulates the production, transportation, storage and usage of chlorine through various environmental protection laws and regulations. Any changes in these laws can impact the overall industry dynamics.
Economic: The demand for chlorine in the US is driven by industrial activities such as construction, paper and pulp, plastics, chemicals etc. Economic growth and changes in spending of these end-user industries can affect chlorine demand.
Social: Chlorine has various applications in water treatment and healthcare. Growing health awareness and population are supporting the overall chlorine consumption in areas like municipal water treatment.
Technological: New technologies are being developed for effective production and transportation of chlorine. Companies are also working on improving safety during chlorine handling through advanced equipment and processes. Development of alternative chemicals is a challenge for the industry.
Geographical Concentration
Over 50% of total chlorine production in the US is concentrated in Gulf Coast region states like Louisiana, Texas and Mississippi. This is mainly due to easy availability of raw materials like natural gas and salt which are required for chlorine manufacturing through chlor-alkali process.
Fastest Growing Region
South Atlantic region comprising of states like Florida, Georgia, North and South Carolina is expected to be the fastest growing market during the forecast period. This is attributed to increasing industrialization and investments in chemical manufacturing hubs like plastics and pharma at major ports in this area.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
What Are The Key Data Covered In This United States Chlorine Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the United States Chlorine ‘s growth between 2024 and 2031.
:- Accurate calculation of the size of the United States Chlorine and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- United States Chlorine Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of United States Chlorine vendors
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