Lightweight PVC - The Most Preferred Chlorine Form Material For Electric Vehicles

(MENAFN- Straits Research) Polyvinyl chloride, consisting of 57% of chlorine and 43% of carbon, is used in an array of applications across different industries. Higher chlorine content makes polyvinyl chloride compatible with a wide range of material and improves its flame-retardant property and recycling ability. PVC is among the most utilized polymer for applications ranging from window frames to medical devices and blood storage bags to cable and wire insulation. However, building and construction, medical devices, and automobiles have been the primary application areas of polyvinyl chloride. Additionally, the rising demand for electric vehicles is expected to boost the demand for polyvinyl chloride. The weight of the vehicle plays a vital role in the success of an electrically powered vehicle, and polyvinyl chloride is among the lightest materials used in the automotive industry.
The American Society of Mechanical Engineers has estimated that companies can increase cost saving by 25–50% by adopting plastic parts. Polyvinyl chloride is the second largest plastics used in the automotive sector after polypropylene.
Asia-Pacific is the largest consumer of chlorine, owing to the enormous demand from China, India, and Southeast Asian countries. Asia-Pacific houses prominent chemical and automotive sectors, thereby the region consumes a significant amount of chlorine.

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Key Highlights of the Report

According to the American Chemistry Council, around 65 million tons of chlorine was produced in 2018 across the globe
Asia-Pacific is the largest marketplace for the chlorine, where China dominates the regional chlorine market, followed by India and Japan
Increasing demand for the water treatment industry is likely to bring forth lucrative opportunities for chlorine manufacturers
India is expected to be among the fastest-growing market for chlorine. The future automotive opportunities, growing chemical and pharmaceutical industries, and rising demand for packaging are likely to contribute to the growth of the nation's chlorine market
In October 2019, Ercros announced production capacity expansion of the chlorine and caustic soda facilities as per its Act Plan. The capacity will be expanded by 26,000 tons annually.
In July 2018, AkzoNobel Specialty Chemicals announced the investment to upgrade its second production line to produce chlorine and caustic soda in the Netherlands.

Key Players
Prominent players operating in the global chlorine market are BASF SE (Germany), The Dow Chemical Company (U.S.), Ineos Group Ltd. (U.K.), Occidental Petroleum Corporation (U.S.), Ercros (Spain), PPG Industries (U.S.), Formosa Plastics Corporation (Taiwan), Olin Corporation (U.S.), Tosoh Corporation (Japan), Tata Chemicals Limited (India), Xinjiang Zhongtai Chemicals Co. Ltd. (China), and Hanwha Chemical Corporation (Korea)
Chlorine Market
By Applications

EDC/PVC
Inorganic Chemicals
Organic Chemicals
Bleaching
Water Sanitation
Solvents
Isocyanates
Others (Includes Tio2, Hcl)

By End Users

Government
Pharmaceutical
Chemicals
Paper and Pulp
Plastic
Pesticides
Other (Sports Club, Residential)

By Region
North America

U.S.
Canada
Mexico

Europe

Germany
U.K.
France
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
South Korea
Australia
Rest of Asia-Pacific

Latin America

Brazil
Argentina
Columbia
Rest of Latin America

Middle East

UAE
Saudi Arabia
Qatar
Oman
Turkey
Rest of ME

Africa

South Africa
Nigeria
Rest of Africa


" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast Periods

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