Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1027.46 Million | USD 1456.32 Million | 5.11% | 2022 |
According to the report published by Zion Market Research, The global Chlorine Dioxide market was valued at $1027.46 Million in 2022, and is projected to reach $1456.32 Million by 2030, growing at a CAGR of 5.11% from 2023 to 2030. The report analyzes the global Chlorine Dioxide market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Chlorine Dioxide industry.
Chlorine dioxide is a neutral chlorine compound and both in behavior & chemical structure are very different from elementary chlorine. It is a very strong, volatile, and small molecule with a high water solubility quality. It is not a naturally occurring gas and is manufactured in low quantities, it is used as a disinfectant.
The global chlorine dioxide market is growing at a rapid rate. Factors such as growing water pollution concerns, increase in demand for safe drinking water, and growing demand for chlorine dioxide for pulp & paper processing is fostering the growth of the global market. Further disinfection of the drinking water treatment is the chief application of chlorine dioxide. Also, owing to its biocidal abilities, today it is been widely used in other industrial branches. This includes foodstuffs production & treatment, mussel control, industrial air treatment, cooling tower water disinfection, industrial process water treatment, sewage water disinfection, gas sterilization of medical equipment, and industrial waste oxidation.
In addition to this, it is also used to bleach candles & textiles, in the oil industry to treat sulfides, and in the electronic industry to clean circuit boards. Owing to all such applications across several industries, there is an increase in the demand for chlorine dioxide which in turn is driving the growth of the global chlorine dioxide market. Moreover, the development of equipment for effective manufacture of chlorine dioxide and low chemical costs are also some of the key factors that are boosting the growth of the global market. Furthermore, increase in industrialization will surge the demand for chlorine dioxide for industrial air & process water treatment that may create ample opportunities for the growth of the global chlorine dioxide market during the forecast period. However, stringent regulations and risks associated with its use may limit the growth of the global chlorine dioxide market.
The Covid-19 pandemic has moderately affected the global chlorine dioxide market. To control the rapidly spreading coronavirus, the government of most of the countries imposed complete lockdown and restriction on movement. This resulted in the shut down of industries during the pandemic and led to a decline in the demand for chlorine dioxide. In addition to this, disruption in supply chain and halt in the manufacturing of chlorine dioxide also affected the market growth. On the other hand, Covid-19 being a contagious disease, chlorine dioxide was been used for gas sterilization of the medical equipment which supported a steady growth of the market during the pandemic.
The global chlorine dioxide market is bifurcated into application and region. Based on the application, the global chlorine dioxide market is divided into industrial water treatment, food & beverages, medical, oil & gas, pulp & paper processing, and others. Among these, industrial wastewater treatment is anticipated to conquer the global market owing to rapid industrialization in developing countries and rise in concerns related to water pollution caused by industrial processes.
Report Attributes | Report Details |
---|---|
Report Name | Chlorine Dioxide Market Research Report |
Market Size in 2022 | USD 1027.46 Million |
Market Forecast in 2030 | USD 1456.32 Million |
Growth Rate | CAGR of 5.11% |
Number of Pages | 185 |
Key Companies Covered | ProMinent GmbH, Scotmas Limited , Bio-Cide International, Inc. , AquaPulse Systems, Inc , Sabre Energy Services, LLC, CDG Environmental LLC , Iotronic Elektrogerätebau GmbH , IEC Fabchem Limited , Grundfos Holding A/S , Ecolab Inc. |
Segments Covered | By Application |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific is projected to lead the global chlorine dioxide market in terms of revenue during the forecast period. This is attributed to the industries expanding at a rapid rate in countries like India & China, growing demand for safe drinking water, and increasing water & air pollution due to industries. On the other hand, the markets in North America and Europe are also expected to account for a significant share and lead to a healthy growth rate owing to its increase in use in the food & beverages industry.
The global chlorine dioxide market is highly competitive. Mergers & acquisitions and collaborations are the strategies adopted by the major players for expansion of business. Some of the prominent players that are operating in the global market include ProMinent GmbH, Scotmas Limited, Bio-Cide International, Inc., AquaPulse Systems, Inc, Sabre Energy Services, LLC, CDG Environmental LLC, Iotronic Elektrogerätebau GmbH, IEC Fabchem Limited, Grundfos Holding A/S, and Ecolab Inc.
Chlorine Dioxide Market: Competitive Analysis
The global Chlorine Dioxide is led by players like:
The global Chlorine Dioxide market is segmented as follows:
By Application
What Reports Provides
FrequentlyAsked Questions
Factors such as growing water pollution concerns, increase in demand for safe drinking water, and growing demand for chlorine dioxide for pulp & paper processing is fostering the growth of the global market. Furthermore, increase in industrialization will surge the demand for chlorine dioxide for industrial air & process water treatment that may create ample opportunities for the growth of the global chlorine dioxide market during the forecast period.
Some of the prominent players that are operating in the global market include ProMinent GmbH, Scotmas Limited, Bio-Cide International, Inc., AquaPulse Systems, Inc, Sabre Energy Services, LLC, CDG Environmental LLC, Iotronic Elektrogerätebau GmbH, IEC Fabchem Limited, Grundfos Holding A/S, and Ecolab Inc.
Asia Pacific is projected to lead the global chlorine dioxide market in terms of revenue during the forecast period. This is attributed to the industries expanding at a rapid rate in countries like India & China, growing demand for safe drinking water, and increasing water & air pollution due to industries.
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