Written by Beckett » Updated on: November 04th, 2024
Liquid Chlorine Prices in USA
United States: 585 USD/MT
In Q4 2023, liquid chlorine prices in the United States soared to 585 USD/MT. This increase was driven by higher energy costs, growing production expenses, inflationary pressures due to labor shortages, and a positive market impact from the festive holiday season.
The market for liquid chlorine is mostly propelled by its widespread application in the chemical and water treatment industries. Liquid chlorine, which is necessary for disinfecting drinking water, swimming pools, and wastewater, is vital for upholding public health standards since it gets rid of germs and guarantees clean water sources. Growing public awareness around the world and more stringent water quality standards, which force water treatment plants to maintain high disinfection levels, are driving this need. Liquid chlorine is also used by the chemical industry to make polyvinyl chloride (PVC), a material that is extensively utilized in the automotive, healthcare, and building industries. The demand for liquid chlorine is mostly driven by the expansion of these industries, particularly in emerging economies. Liquid chlorine's market growth is further aided by its versatility, as it may be used as an intermediate in the production of a wide range of chemical goods, such as dyes, insecticides, and solvents.
The global chlorine market size reached US$ 6.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 9.4 Billion, at a projected CAGR of 4.60% during 2023-2032. In the final quarter of 2023, the price of liquid chlorine experienced a significant surge, primarily due to constrained supply sources and heightened demand from downstream industries such as pool maintenance and bottled water companies. This escalation in prices was influenced by several factors, including rising energy costs, increased production expenses, inflationary pressures amid a labor shortage, and positive market expectations during the festive holiday season. Whereas, during the fourth quarter of 2023, the liquid chlorine market in the APAC region displayed varied performance due to several influencing factors. The market benefitted from stable supplies, underpinned by consistent production levels. However, demand was subdued both domestically and on the international front, exerting downward pressure on prices. A notable influence within the region was the Chinese market, where ongoing economic challenges impacted overall market sentiment negatively. Despite various government initiatives aimed at revitalizing economic optimism, these measures have fallen short of sustaining a long-term recovery. Consequently, liquid chlorine prices saw fluctuations driven by varying levels of availability and international demand. The liquid chlorine market in Europe exhibited a declining trend in the fourth quarter of 2023. Data show that Europe's total chemical production fell by 1.1% in November, which also had an effect on the manufacturing of liquid chlorine. Chlorine production has been continuously low since mid-2023, according to Euro Chlor, the European chlor-alkali industry association. In spite of this decline, the market did better than it did during the same time last year. According to reports, low marginal costs caused the closure of many chlorine production facilities in Europe during the third quarter, which exacerbated the conditions of market imbalance.
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