Chlorinating Agents Market- Global Industry Analysis and Forecast (2022-2029)

Chlorinating Agents Market was valued at US$ 71.2 Mn. in 2021. Global Chlorinating Agents Market size is expected to grow at a CAGR of 4.8 % through the forecast period.
Chlorinating Agents Market Overview:
Chlorinating agents are compounds that can add chlorine atoms to other substances. They can be organic and inorganic compounds. When organic and inorganic chlorinating agents are applied without being cleaned beforehand, or when one product is added after the other, the results are less than ideal. When organic and inorganic chlorinating agents are combined and cross-contamination occurs, a toxic mixture can form, posing a threat to the environment and its inhabitants.

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Chlorinating agents have traditionally been used to clean raw materials and finished products in the manufacturing industry. The chlorinating agents’ market share is expected to grow in the global economy as economic conditions improve and consumerism grows. Its use in the food and beverage industries has increased the global demand for chlorinating chemicals. During the forecast period, the chlorinated agents market is expected to benefit from increased medical research spending.
Chlorinating Agents Market COVID-19 Impact Insights:
The COVID-19 pandemic is expected to have a significant impact on the Chlorinating Agents Market growth. Even though the introduction of COVID-19 has had an impact on all key industrial sectors, the chlorinating agents’ market is expected to drop in the first two quarters of 2021, owing to an increase in COVID-19 patients worldwide and the closure of several banks and fintech companies. Furthermore, the market is expected to grow in the third and fourth quarters of 2021, driven by increased demand for Chlorinating Agents from industries such as financial institutions, telecom operators, manufacturing, and others. In addition, because of the COVID-19, there is an increase in demand for chlorinating agents in the pharmaceutical industry will boost the Chlorinating Agents Market growth during the forecast period.
Chlorinating Agents Market Dynamics:
Market Drivers:

Increasing demand for Chlorinated Drinking Water: Chlorine has been certified as a primary disinfectant by the World Health Organization (WHO). To disinfect and kill microorganisms, chlorine can be added to water. Chlorine levels of up to 4 milligrams per liter in drinking water for home and industrial use are considered safe by official regulations. Many governments, non-profits, and businesses around the world are working on a variety of projects to clean, protect, and filter water natural resources in order to offer clean and hygienic water in a variety of sectors, including residential, industrial, and recreational activities. The use of chloramine and chlorine for the treatment of water plants is permitted under EPA regulations. Increasing demand for chlorinated water is anticipated to boost the Chlorinating Agents Market through the forecast period 2021-2029.

Growing usage in the Pharmaceutical and Personal Care Industry: Chlorine is regarded as a vital industrial chemical in a variety of sectors. There has been a huge demand for it from the pharmaceutical industry because chlorine is a crucial element in medicinal drugs. Chlorine-based drugs are used to treat asthma, high blood pressure, epilepsy, inflammation, and anemia. As the number of health problems in the world grows, so does the demand for new pharmaceuticals. The pharmaceutical industry's demand for chlorine is expected to open up new opportunities for the Chlorinating Agents market. In addition, several insecticides use chlorine as the main ingredient which is expected to drive the growth of the Chlorinating Agents Market during the forecast period.

Market Restraints:

Formation of unwanted by-products and high transportation cost: Chlorinating agents react with a variety of substances. The wastewater contains elements like dissolved iron, hydrogen sulfide, bromine, ammonia, nitrogen dioxide, and organic matter. As a result, in some cases, more chlorine would be required for the inactivation of wastewater treatment. In certain circumstances, the effect of chlorine reaction with contaminants can improve water quality, but in others, it can produce superfluous side products that are hazardous to human health, such as trihalomethanes, which cause cancer. As a result, this factor acts as a restrain for Chlorinating Agent Market. Chlorine, on the other hand, has a wide range of applications, but it is also toxic and harmful. Hence, it requires a high level of safety to avoid such consequences.
Chlorinating Agents Market Segment Analysis:
Based on the End-user, the Chlorinating Agent Market is segmented into Pharmaceutical, Water & Wastewater Treatment, Cosmetics & Personal Care, and Others. Due to the growing use of chlorine disinfectants in drinking water, swimming pools, and well water treatment the water & wastewater treatment segment holds the largest share of more than 25% in 2021 and is expected to grow at a CAGR of 8% in the Chlorinating Agents Market during the forecast period.

Chlorine is an antibacterial agent used to kill bacteria. As a result, it is frequently employed in municipal industries due to these qualities. The increase in the number of water treatment facilities in growing countries such as China, India, and Africa are also contributing to the expansion of this category, which in turn is propelling the growth of the Chlorinating Agent Market.

Based on the Product Type, the Chlorinating Agents Market is segmented into Organic and Inorganic. In 2021, the Inorganic segment had the largest market share of more than 60%, and it is expected to rise significantly in the Chlorinating Agent Market over the forecast period. It's commonly used as a bleaching agent, oxidant, or disinfectant. Organic agents are commonly used in water treatment to eliminate the bad odour of raw water, as well as to disinfect and purify the surface. The amount of organic agents required for any type of water treatment is far less than that required for other types of chlorine. As a result, increased demand for organic agents will undoubtedly boost the market for chlorine water disinfectants.
Chlorinating Agents Market Regional Insights:
The Asia Pacific region dominated the market with 40% in 2021 and is expected to grow at a CAGR of 8.5% in the Chlorinating Agent Market during the forecast period, followed by North America and Europe. This growth is attributed to the rising population and expanding wastewater treatment sector in the region. Furthermore, the presence of key players in the region is expected to grow chlorinating agent market in the region. In addition, the growing use of chlorine disinfectants in drinking water, swimming pools, and well water treatment in developing countries of the region make the Asia Pacific dominate in the Chlorinating Agent Market.

The objective of the report is to present a comprehensive analysis of the global Chlorinating Agents Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Chlorinating Agents Market dynamic, and structure by analyzing the market segments and projecting the Chlorinating Agents Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Chlorinating Agents Market make the report investor’s guide.
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Chlorinating Agents Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 71.2 Mn.


Forecast Period 2022 to 2029 CAGR:
4.8%
Market Size in 2029:
US $ 103.60 Mn.


 Segments Covered:
by Product Type
• Organic
• Inorganic


by Application
• Medical Application
• Biological Activity
• Food additives
• Reagent
• Others


by End-users
• Water & Wastewater Treatment
• Pharmaceuticals
• Cosmetics & Personal care
• Others



Chlorinating Agents Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Chlorinating Agents Market, Key Players are:
• Dow Chemical
• BASF SE
• Aditya Birla Chemicals
• Occidental Petroleum Corporation
• Formosa Plastics Corporation
• Ineos GroupOlin Co.
• PPG Industries
• Tata Chemicals Ltd.
• Tosoh Corporation
• Hanwha Chemical.
• DIC CORPORATION
• AGC Chemicals
• Kemira
• ACURO ORGANICS Ltd. TGV Group
• Ajanta Group
• Supraveni Chemicals Pvt. Ltd.
• Spartan Chemical Company Inc.
• Siemer Milling Company
• Solvay

Frequently Asked Questions:

1] What segments are covered in the Global Chlorinating Agents Market report?
Ans. The segments covered in the Chlorinating Agents Market report are based on Product Type, Application, and End User.

2] Which region is expected to hold the highest share in the Global Chlorinating Agents Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Chlorinating Agents Market.

3] What is the market size of the Global Chlorinating Agents Market by 2029?
Ans. The market size of the Chlorinating Agents Market by 2029 is expected to reach US$ 103.60 Mn.

4] What is the forecast period for the Global Chlorinating Agents Market?
Ans. The forecast period for the Chlorinating Agents Market is 2021-2029.

5] What was the market size of the Global Chlorinating Agents Market in 2021?
Ans. The market size of the Chlorinating Agents Market in 2021 was valued at US$ 71.2 Mn.