Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 681.35 Million | USD 995.24 Million | 4.30% | 2023 |
The global stabilized chlorine dioxide market size was worth around USD 681.35 million in 2023 and is predicted to grow to around USD 995.24 million by 2032 with a compound annual growth rate (CAGR) of roughly 4.30% between 2024 and 2032.
Stabilized chlorine dioxide is the recognized and accepted form of stable sodium chlorite solution. It is a weakly buffered version of sodium chlorite and tends to release chlorine dioxide during a chemical reaction instigated under certain acidic conditions. The term stabilized chlorine dioxide is recognized by international agencies such as the US Food & Drugs Administration Authority (FDA), New Zealand Agricultural Compounds and Veterinary Medicines (NZ ACVM), and the US Environment Protection Agency (EPA). The stabilized chlorine dioxide compound contains low concentrations of chlorine dioxide (ClO2) and stabilization is achieved with the addition of sodium chlorite or other chemicals. This mixture allows chlorine dioxide to remain potent for a longer duration by preventing decomposition. Furthermore, chloride dioxide can be activated by solution acidification. Stabilized chlorine dioxide has multiple applications across industries such as healthcare, wastewater treatment, agriculture, food & beverages (F&B), and industrial operations. During the forecast period, the industry for stabilized chlorine dioxide is expected to generate a steady return on investment (ROI) while also navigating through specific challenges and growth restrictions.
Growing applications of stabilized chlorine dioxide in water treatment procedures will drive the market growth rate
The global stabilized chlorine dioxide market is expected to witness steady growth due to the growing applications of the compound in water treatment processes. These procedures aim to improve water quality using specific treatment programs and protocols. The treated water is free of contaminants and may have several end-user applications ranging from industrial use to water recreation and drinking water. The compound is added to wastewater since chlorine dioxide is known to be highly potent in the removal of contamination-causing microorganisms such as viruses, pathogens, and fungi. Moreover, the popularity of chlorine dioxide is also facilitated by the broad-spectrum attribute of the compound since it is helpful in eliminating a wide range of contaminants, unlike other solutions that target specific pathogens. In addition to this, stabilized chlorine dioxide is used for removing odor from water which can be caused by the presence of biological and non-biological contaminants. Water crisis across the globe is becoming more evident. Some of the most common reasons causing the global water crisis include frequent occurrence of natural calamities, changing climate conditions, wastage of water, higher human consumption, and increased industrial demand. These factors have drawn higher interest in solutions that can aid water management and efficient use. Stabilized chlorine dioxide is used for treating wastewater that upon treatment can be restored in the cycle for continuous use. The growing constriction of new wastewater treatment facilities is expected to contribute to more demand for stabilized chlorine dioxide.
Expansion applications of the compound in the agriculture sector may prove beneficial for the market leaders
Stabilized chlorine dioxide is crucial in the agriculture industry. It is used for efficient management of agricultural water. The global food demand is on the rise thus directly leading to excessive burden on the agriculture industry. Crop producers are under tremendous pressure to ensure that the global food demands are met while also seeking solutions for resource optimization. The global stabilized chlorine dioxide market provides crop producers access to essential compounds that can be used for treating water before it reaches the crops.
Technical and practical limitations of the compound will limit the industry’s growth rate
The global industry for stabilized chlorine dioxide is projected to be limited due to the several technical and subsequent practical limitations of the compound. As per official claims, stabilized chlorine dioxide contains limited quantities of chlorine dioxide, and the available quantity is activated after the addition of dangerous acidic solutions. The overall application of stabilized chlorine dioxide is extremely time-consuming and inefficient. Furthermore, it poses several health risks to people involved in the operations. The growing awareness about the drawbacks of using stabilized chlorine dioxide may limit the industry’s market growth rate.
Advancing investments in the healthcare sector may generate excellent expansion opportunities
The global stabilized chlorine dioxide industry is expected to generate several growth opportunities over the forecast period. The healthcare sector may generate tremendous expansion possibilities for the market players since stabilized chlorine dioxide has shown applications as a potential disinfectant used in hospitals and other healthcare facilities. Apart from cleaning and disinfecting hospital facilities, it is also used for managing medical devices. The surge in the number of patients globally is causing higher healthcare expenditure. Furthermore, there is a rise in demand for quality medical care facilitated by higher patient awareness and access to medical reimbursement policies either offered by private companies or regional governments. In recent times, several new state-of-the-art and highly equipped medical facilities have opened worldwide including developed and emerging nations. In January 2024, the Czech government broke ground for the construction of two new facilities at the Masaryk Memorial Cancer Institute (MMCI). Similarly in 2023, Motol University Hospital (MUH) in Prague also witnessed the construction of a new oncology center. In May 2023, the UK government announced that would provide a multi-million-pound investment to promote healthcare staff retention and recruitment in 3 African countries. Other countries have also been reporting similar growth in the healthcare sector thus promoting chances for greater adoption of disinfecting solutions.
Availability of alternate solutions across industries may challenge the market expansion rate
The global industry for stabilized chlorine dioxide is projected to be challenged by the abundant availability of other alternate solutions across industries as highly efficient disinfectants. For instance, the most popular cleaning agent for wastewater management is chlorine tablets. Additionally, the growing use of ozone and ultraviolet radiation for treating water may impact the market adoption rate.
The global stabilized chlorine dioxide market is segmented based on application, type, and region.
Based on the application, the global market segments are paper manufacturing, wastewater treatment, sterilization, and others. In 2023, the highest growth was observed in the wastewater treatment process. Stabilized chlorine dioxide has proven beneficial in decontaminating wastewater before it is circulated back into the water systems. The growing industrial water consumption is projected to encourage more companies to adopt stabilized chlorine dioxide in the coming years. As per official estimates, over 359.4 billion m3 of industrial wastewater is generated every year.
Based on the type, the stabilized chlorine dioxide industry divisions are solid-stabilized chlorine dioxide and liquid-stabilized chlorine dioxide. In 2023, the liquid stabilized chlorine dioxide was the most common type driven by several factors working in the favor of the variants. For instance, liquid versions of the compound are more easily available. Furthermore, their practical application is easier as compared to their counterpart. Around 52% of the mass in the compound is contributed by chlorine dioxide.
Report Attributes | Report Details |
---|---|
Report Name | Stabilized Chlorine Dioxide Market |
Market Size in 2023 | USD 681.35 Million |
Market Forecast in 2032 | USD 995.24 Million |
Growth Rate | CAGR of 4.30% |
Number of Pages | 220 |
Key Companies Covered | BASF SE, ProKure Solutions, Scotmas Group, Siemens Water Technologies Corp., Beckart Environmental Inc., LANXESS AG, Solvay S.A., International Dioxcide Inc., ClorDiSys Solutions Inc., Accepta Ltd., Ecolab Inc., Enviro Tech Chemical Services Inc., TwinOxide International B.V., Bio-Cide International Inc, ICL Group Ltd., and others. |
Segments Covered | By Application, By Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific will emerge as the leading market producer and consumer during the projection period
The global stabilized chlorine dioxide market is projected to witness the highest growth rate in Asia-Pacific with China and India leading the regional market revenue. These countries are some of the most dominating nations in the global chemicals & materials sector with the former producing the largest quantity of every chemical. As per official data, more than 43% of the global chemical sector was dominated by China in 2022 and since then it has continued to invest to further strengthen the regional chemical manufacturing industry. India, on the other hand, is also registering a surge in domestic and international investments in the production of chemical products with higher and more versatile applications. The rising water consumption in Asia-Pacific led by increasing demand for the general population as well as industrial settings is a major contributing factor for growth in wastewater management and treatment projects creating growth scope for the market players. The Asian food & beverages industry is a critical consumer of environmentally friendly disinfectants. The regional market is expected to report greater demand driven by the rising use of the solution in the thriving F&B sector. The compound is used during the sanitation regime of surfaces that are in frequent contact with food items.
Stabilized Chlorine Dioxide Market: Competitive Analysis
The global stabilized chlorine dioxide market is led by players like:
By Application
By Type
FrequentlyAsked Questions
Stabilized chlorine dioxide is the recognized and accepted form of stable sodium chlorite solution.
The global stabilized chlorine dioxide market is expected to witness steady growth due to the growing applications of the compound in water treatment processes.
According to study, the global stabilized chlorine dioxide market size was worth around USD 681.35 million in 2023 and is predicted to grow to around USD 995.24 million by 2032.
The CAGR value of the stabilized chlorine dioxide market is expected to be around 4.30% during 2024-2032.
The global stabilized chlorine dioxide market is projected to witness the highest growth rate in Asia-Pacific with China and India leading the regional market revenue.
The global stabilized chlorine dioxide market is led by players like BASF SE, ProKure Solutions, Scotmas Group, Siemens Water Technologies Corp., Beckart Environmental, Inc., LANXESS AG, Solvay S.A., International Dioxcide, Inc., ClorDiSys Solutions, Inc., Accepta Ltd., Ecolab Inc., Enviro Tech Chemical Services, Inc., TwinOxide International B.V., Bio-Cide International, Inc and ICL Group Ltd.
The report explores crucial aspects of the stabilized chlorine dioxide market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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