The global chlorinating agents market is poised for substantial growth, with a projected valuation of US$ 107.2 Million by 2033, according to a recent market analysis. The market’s expansion is attributed to the burgeoning demand for chlorinating agents across various industries including wastewater treatment, food and feed, electronics, and paper.
Based on estimations by Future Market Insights (FMI), the chlorinating agents industry is anticipated to be valued at US$ 76.7 Million in 2023, with a projected compound annual growth rate (CAGR) of 3.4% from 2023 to 2033.
Chlorinating agents play a vital role in adding chlorine atoms to other chemicals for cleaning purposes, offering cost-effective solutions. The market has witnessed significant growth driven by the increasing demand from manufacturing industries, particularly in cleaning raw materials and finished products. Moreover, the pharmaceutical sector is expected to contribute significantly to market expansion due to escalating product innovation and development.
The recent surge in medical research spending, particularly post-pandemic, has further fueled the demand for chlorinating agents for medical applications. This trend is expected to create new growth opportunities for the global market.
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One of the primary drivers for the increasing demand for chlorinating agents is the need for water treatment chemicals and pure drinking water. Chlorine, approved by the World Health Organization (WHO) as a main disinfectant, is extensively used to disinfect and destroy germs in water. Governments, non-profit organizations, and corporations worldwide are actively engaged in water purification projects, contributing to market growth.
Additionally, the pharmaceutical industry’s reliance on chlorine chemistry for manufacturing pharmaceutical products is propelling market demand. Approximately 25% of pharmaceutical drugs contain chlorine, with chlorine chemistry employed in the production of 88% of the top-selling drugs. Chlorinating agents like Thionyl Chloride are crucial in the production of various medical drugs, further driving market growth.
The application of chlorine in drug development is witnessing a rapid increase, reflecting its instructive role in halogen distribution. As the demand for pharmaceutical drugs continues to rise, the demand for chlorinating agents as essential raw materials is expected to follow suit.
Overall, the chlorinating agents market is poised for robust growth driven by the increasing demand from end-use sectors such as pharmaceuticals, water and wastewater treatment, food and feed, and paper industries.
Key Companies Profiled
- BASF SE
- The Dow Chemical Company
- DIC Corporation
- AGC Chemicals
- Nouryon
- Heetu Chemicals and Alkalies Ltd.,
- Acuro Organics Limited
- Organics Private Limited
- TGV Group
- Lords Chloro Alkali Limited
- Aditya Birla Chemicals
- Lantai Industry
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Key Segments Profiled in the Report
By Product Type Market is segmented as:
- Calcium Hypochlorite
- Lithium Hypochlorite
- Sodium Hypochlorite
- Trichloroisocyanuric acid
- Potassium Dichloroisocyanurate
- Sodium Dichlorocyanurate
- Others
By Application Market is segmented as:
- Medical
- Biological Activity
- Antioxidants
- Food Additive
- Reagent
- Others
By End Use Industry Market is segmented as:
- Cosmetics and Personal care
- Pharmaceutical
- Water and Wastewater Treatment
- Ink and Dye
- Food and Feed Industry
- Electronic Industry
- Paper Industry
- Others
By Region Market is segmented as:
- North America
- Latin America
- East Asia
- South Asia and the Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia and Belarus
- Balkan and Baltic Countries
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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