Global Chlorides Market – Industry Trends and Forecast to 2029

Global Chlorides Market, By Type (Zinc Chloride, Methylene Chloride, and Others), Zinc Chloride Application (Galvanizing, Tinning, Water Treatments, Paints And Coatings, Odor Control, Resins, Vulcanized Fiber and Reclaimed Rubber, Woodworking, Glue, and Refining of Ore and Soldering), Solvents (Ether, Ethanol, Acetone, and Water), Methylene Chloride Application (Paint Remover, Pharmaceuticals, Chemical Processing, Foam Manufacturing, Metal Cleaning, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

Over the last few years, there has been immense growth in the chemical industry. Additionally, there has been strong development in the manufacturing sector, which have significantly contributed to the chlorides market, further increasing the overall growth for the market.

Global chlorides market was valued at USD 3704.16 million in 2021 and is expected to reach USD 4915.50 million by 2029, registering a CAGR of 3.6% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Report Scope and Market Segmentation

Market Definition

Chlorides are ions made of the chlorine element and have a negative charge (Cl-). Any compound with chlorine in its chemical makeup is known as a chloride. These might be acids like hydrochloric acid or salts that include chlorine.

Chlorides Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• High Usage of Chlorides

Over the forecast period, it is anticipated that encouraging the use of battery-grade zinc chloride in manufacturing and industrial applications may potentially propel exchange growth. In order to meet the demand from the fuel and gasoline division, it is projected that the emergence of chemical compound formation enterprise, mostly driven by top chemical composition nations, and increased focus on fundamental propellant.

The high utilization in manufacturing wipes and the high demand from the oil and gas industry will further propel the growth rate of the chlorides market. Also, the hand sanitizers and other disinfection products will drive market value growth. The rapid increase in water and wastewater treatment operations is also projected to bolster the growth of the market.

Opportunities

• Upraised Market Extension And Innovative Manufacturing Applications

Furthermore, the upraised market extension for methylene chloride in developing regions such as India, China, and Japan further enhance product applications, extending profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing demand for more innovative manufacturing applications will further expand the future growth of the chlorides market.

Restraints/Challenges

• Drawbacks of Chloride

Zinc chloride nevertheless has the potential to cause nausea, diarrhea, sickness, and stomach pain. Numerous administrative forms attest to its danger, which is what prevents the market from expanding.

• Low Awareness

Also, the low awareness about the usage of benzalkonium chloride will prove to be a demerit for the chlorides market. Therefore, this will challenge the chlorides market growth rate.

This chlorides market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the chlorides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Chlorides Market

The recent outbreak of coronavirus had a negative impact on the chlorides market due to lockdown restrictions, different production, supply, and manufacturing operations of chlorides were stopped or suspended, which had a negative impact. In addition, it appears that the slow expansion of the oil and gas business, in particular, during the epidemic, momentarily hampered the market's pace and growth rate. Chlorides sales suffered greatly as a result of the industries' huge output losses. The restrictions significantly impacted the market, which hindered numerous industrial processes and disrupted the supply chain. In addition, there was a labor shortage, which caused the majority of firms to close. Additionally, import and export activities were substantially hindered, which had a detrimental effect on markets worldwide and industries that use chlorides.

Global Chlorides Market Scope

The chlorides market is segmented on the basis of type, zinc chloride application, solvents and methylene chloride application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Zinc Chloride
• Methylene Chloride
• Others

Zinc Chloride Application

• Galvanizing
• Tinning, Water Treatments
• Paints and Coatings
• Odor Control, Resins
• Vulcanized Fiber and Reclaimed Rubber
• Woodworking, Glue
• Refining of Ore and Soldering

 Solvents

• Ether
• Ethanol
• Acetone
• Water

 Methylene Chloride Application

• Paint Remover
• Pharmaceuticals
• Chemical Processing
• Foam Manufacturing
• Metal Cleaning
• Others

Chlorides Market Regional Analysis/Insights

The chlorides market is analyzed and market size insights and trends are provided by country, type, zinc chloride application, solvents and methylene chloride application as referenced above.

The countries covered in the chlorides market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high extension for methylene chloride in developing marketplaces such as India, China, and Japan within the region.

Europe on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the booming consumption for the generation of compounds in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Chlorides Market Share Analysis

The chlorides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to chlorides market.

Some of the major players operating in the chlorides market are

• Dupont (U.S.)
• SOLVAY (Belgium)
• DAIKIN (Japan)
• Dow (U.S.)
• Halocarbon, LLC (U.S.)
• Freudenberg SE (Germany)
• The Chemours Company (U.S.)
• Metalubgroup (Israel)
• M&I Materials Limited (U.K)
• Nye Lubricants, Inc. (U.S.)
• Lubrilog (France)
• ECCO Gleittechnik GmbH (Germany)
• HUSK-ITT Corporation (U.S.)
• Setral Chemie GmbH (Germany)
• IKV Tribology Ltd (Germany)