Australia Chlorine Market Analysis

The Australia Chlorine Market is estimated to be valued USD 411.6 Mn in 2024 and is expected to reach USD 715.3 Mn by 2031, growing at a compound annual growth rate (CAGR) of 7.50% from 2024 to 2031.

The Australia chlorine market is expected to witness positive growth over the forecast period, owing to increasing demand from water treatment industries.

Growing Demand for Water Treatment

The growing demand for clean and safe water in Australia is one of the major factors driving the growth of the chlorine market in the country. With rising population and urbanization, the stress on existing water resources is increasing tremendously. According to the Australian Bureau of Statistics, Australia's population is projected to reach around 35 million by 2040 growing from the current level of around 25 million. This consistent rise in population coupled with rapid urbanization has resulted in increased water consumption in cities and towns.

At the same time, climate change is impacting water resources with less predictable rainfall and frequent droughts in many parts of Australia. For instance, as per Australia's State of the Climate 2020 report published by CSIRO and Bureau of Meteorology, south-eastern Australia received about 20% less rainfall in 2019 compared to the 1950-2019 average. Sustained water stress situations are straining conventional water supplies. As a result, desalination and water reuse/recycling have become important to address the demand-supply imbalance.