According to a new report, published by KBV research, The Global Liquid Chlorine Market size is expected to reach $8.3 billion by 2031, rising at a market growth of 4.8% CAGR during the forecast period. In the year 2023, the market attained a volume of 9,702.0 kilo tonnes, experiencing a growth of 18.4% (2020-2023).
The Sodium Hypochlorite segment is leading the Global Liquid Chlorine Market by Type in 2023; thereby, achieving a market value of $3.7 billion by 2031. Sodium hypochlorite is used for disinfecting surfaces in various industries, such as healthcare, food processing, and hospitality. It helps kill bacteria, viruses, and other pathogens, reducing the risk of contamination and spreading infectious diseases. Sodium hypochlorite is a key ingredient in many household cleaning products, such as bleach and disinfectant sprays.
The Chemical Processing segment is anticipating a CAGR of 3.8% during (2024 - 2031). Liquid chlorine is a key raw material in producing PVC, one of the most widely used plastics in the world. PVC is used in construction, automotive, packaging, and other industries, driving the demand for liquid chlorine. Liquid chlorine produces chlorinated solvents such as trichloroethylene (TCE), perchloroethylene (PCE), and methylene chloride.
Full Report: https://www.kbvresearch.com/liquid-chlorine-market/
The Asia Pacific region dominated the Global Liquid Chlorine Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4.2 billion by 2031. The North America region is experiencing a CAGR of 4.2% during (2024 - 2031). Additionally, The Europe region would exhibit a CAGR of 4.5% during (2024 - 2031).
By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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