Allied Market Research recently published a report, titled, "Chlorine Dioxide Market by Application (Industrial Water Treatment, Pulp & Paper Processing, Oil & Gas, Medical, Food & Beverages, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027". As per the report, the global chlorine dioxide industry was generated $857.8 million in 2019, and is projected to reach $1.26 billion by 2027, growing at a CAGR of 5.0% from 2020 to 2027.
Drivers, restraints, and
opportunities
Rapid growth in the food &
beverage industry, increase in demand for safe drinking water, rise in concerns
regarding water pollution, and surge in trend of wastewater recycle have
boosted the growth of the global chlorine dioxide market. However, fire and
explosion hazards and strict environmental norms hinder the market growth. On
the contrary, regulatory restrictions on the use of chlorine and hypochlorite
in pulp bleaching are expected to open lucrative opportunities for the market
players in the future.
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Covid-19 scenario:
- The chlorine dioxide is used in the
manufacturing of biocides and decline in the sale of biocides during the
pandemic is expected to hamper the growth of the market. Moreover, the
demand for medical devices is more than domestic manufactures can deliver,
creating a supply-demand gap.
- The prolonged lockdown in various countries
led to supply chain disruption and shortage of critical medical devices.
The industrial water treatment
segment dominated the market
By application, the industrial water
treatment segment held the lion's share in 2019, accounting for more than half
of the market, due to rapid industrialization across the developing
economies such as China and India and increase in demand
for industrial water treatment. However, the pulp & paper processing
segment is estimated to register the highest CAGR of 6.1% during the forecast
period, owing to rise in demand for paper packaging from the e-commerce
and retail sector.
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Asia-Pacific, followed by North
America, held the lion's share
By region, the market
across Asia-Pacific is projected to manifest the highest CAGR of 5.7% from 2020 to 2027.
Moreover, the region held the largest share in 2019, contributing to more than
one-third of the market, due to rapid industrialization and demand for chlorine
dioxide from newly-installed industrial units. In addition, the market
across North America is expected to register the second-highest CAGR
of 5.7% during the forecast period.
Major Market Players
- Accepta
- Grundfos
- Ecolab
- Evoqua
- ProMinent
- CDG Environmental LLC
- The Sabre Companies LLC
- Iotronic Elektrogerätebau GmbH
- Tecme Srl
- Vasu Chemicals LLP
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