The United States chlorine market is used in various end-use industries such as chemicals, water treatment, paper & pulp, plastics, and others. Chlorine is an essential raw material used in making polyvinyl chloride (PVC), ethylene dichloride (EDC), and various other chlorinated organic chemicals. It also finds wide application in water chlorination for disinfecting drinking water and municipal wastewater. With the rapid growth of the construction industry coupled with rising population, the demand for PVC and chlorinated organic chemicals has increased exponentially over the years.
Chlorine disinfection methods have become necessity for purifying water supplies, thereby propelling the chlorine market growth.
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 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. These players account for a considerable share of the market. Olin Corporation is one of the leading producers of chlorine and caustic soda in the United States.
The growing construction industry and rising population necessitate increased demand for PVC and other chlorinated organic chemicals produced using chlorine. PVC is widely used in pipes, fittings, window profiles, cables, and other construction materials. This is expected to drive the chlorine market growth over the forecast period.
Global expansion by key market players through strategic partnerships and acquisitions will further aid the United States chlorine market expansion. For example, Westlake Corporation acquired Axiall Corporation’s chlorovinyls business and polyvinyl chloride (PVC) assets in 2016 to expand its production capacity and customer base.
Market Key Trends
The increasing demand from the sanitation industry is a key trend in the United States chlorine market. Chlorine is extensively used in municipal wastewater treatment plants for disinfecting and purifying water. With growing environmental regulations regarding water treatment standards and recycled water usage, the application of chlorine disinfection methods has surged in recent years. The stringent norms ensure safe discharge of treated effluents and availability of clean water resources. This rising focus on water sanitation applications will continue boosting the United States chlorine demand over the next few years.
Porter’s Analysis
Threat of new entrants: Low capital requirements and no major proprietary technologies pose a moderate threat of new entrants. However, presence of many established players makes entry challenging.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and differentiated products offered by suppliers. However, availability of generic chemicals at lower costs balance this power to some extent.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to the availability of many suppliers and commodity nature of products produced from chlorine. However, they have some control due to exclusive supply contracts with buyers.
Threat of new substitutes: Moderate threat due to availability of substitutes like methane, ethylene oxide for certain applications. However, cost effectiveness keeps the threat low currently.
Competitive rivalry: Fierce competition between established players on factors like pricing, new product development, and expansion.
Geographical regions
The United States chlorine market is concentrated in the Gulf Coast region due to presence of raw material suppliers and downstream chemical production facilities. States like Texas, Louisiana account for over 60% of total chlorine demand in the country.
The Midwestern region of the United States is expected to emerge as the fastest growing market for chlorine during the forecast period. States like Ohio, Indiana, Illinois are witnessing increasing investments in polyvinyl chloride plastic production capacities driving the growth of chlorine consumption.
What Are The Key Data Covered In This United States Chlorine Market Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the United States Chlorine Market’s growth between 2024 and 2031.
:- Accurate calculation of the size of the United States Chlorine Market 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 Market 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 Market vendors
FAQ’s
Q.1 What are the main factors influencing the United States Chlorine Market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top United States Chlorine Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the United States Chlorine Market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?