The Asia Pacific Liquid Chlorine Market would witness market growth of 4.9% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 4,738.4 kilo tonnes, showcasing a growth of 18.6% (2020-2023).
As a versatile compound, sodium hypochlorite offers an effective solution for killing bacteria, viruses, and algae, making it indispensable in municipal water treatment plants, swimming pools, and industrial settings. Thus, the India market utilized 579.27 kilo tonnes of Sodium Hypochlorite by 2023.
The China market dominated the Asia Pacific Liquid Chlorine Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,089.4 million by 2031. The Japan market is registering a CAGR of 4.2% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 5.5% during (2024 - 2031).
It is used as a raw material to produce various chemicals, such as PVC (polyvinyl chloride), chlorinated solvents, and organic chemicals. It is also used for sanitizing and disinfecting surfaces in various industries, such as food and beverage, healthcare, and pharmaceuticals.
Moreover, it is also used for disinfecting equipment and food processing and packaging containers. This is a reactant in various chemical synthesis processes, such as producing chlorinated hydrocarbons, intermediates, and pesticides.
According to the report titled Cities as Engines of Growth, published in 2022 by the Government of India, the population of surban areas in India is projected to have increased approximately fourfold, from 109 million in 1970 to 460 million in 2018. The country is projected to experience an additional 416 million inhabitants in its urban areas by 2050, resulting in a 50 percent urban population share.
Free Valuable Insights: The Global Liquid Chlorine Market is Predict to reach USD 8.3 Billion by 2031, at a CAGR of 4.8%
Based on Type, the market is segmented into Sodium Hypochlorite, Lithium Hypochlorite, Calcium Hypochlorite, and Others. Based on Application, the market is segmented into Water Treatment, Chemical Processing, Pharmaceutical, Pulp & Paper, Agriculture, Plastic, Textile, Paints & Coatings, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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