Chlorine is the most vital industrial chemical which is used in various industries. It was observed that there is a tremendous demand for chlorine from the pharmaceutical industry. It is used as a key ingredient in medical drugs that are used for treating a number of diseases and conditions such as inflammation, epilepsy, asthma, high blood pressure, high cholesterol, cancer, diabetes and anemia. Chlorine is used in water treatment chemicals, organic and inorganic chemicals, and in manufacture of PVC.
According to the study “Asia Chlorine Industry Situation and Prospects Research report”, Asia accounts for a largest share due to increasing consumption of chlorine and industrialization. Chemical and pharmaceutical sectors are the largest consumers of chlorine chemical. China and India are expected to witness more consumption due to more industries consuming and demanding for chlorine. Additionally, healthcare awareness has propelled huge investments in the medical sector in Asia that will demand for more chlorine chemical.
Asia chlorine industry is highly fragmented and competitive due to the presence of many vendors. They are competing based on the technology and products. The leading vendors in Asia’s chlorine market are Linde Group, Air Liquide, Praxair, Air Products and Chemicals, Taiyo Nippon Sanso, Messer, BASF, Formosa Plastics and DOW. The chlorine industry is segmented based on various applications such as sanitation, plastic, chemical synthesis, pharmaceuticals, organic chemicals, isocyanates, chlorinated intermediates and other industries. Organic and inorganic are the two product types within the chlorine industry. Geographically, Asia’s chlorine industry is spread across China, Japan, India, Korea, Saudi Arabia and other regions.
Asia is witnessing an increasing demand in the construction and chemical industries sectors that is driving the demand for PVC. Huge amount of chlorine is required as raw materials in PVC manufacturing process and there is a continuing demand for polyvinyl chloride products. This trend will subsequently increase the demand for chlorine chemical. Increase in general health issues among the Asian population has led to the development of pharmaceutical sector coupled with chlorine market. Asia choice market is blooming due to the rising demand in chemicals sector and plastics industries. Increasing residential requirements in India and China will drive the growth of chlorine market over the next few years.
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Ankur Gupta, Head Marketing & Communications