Stratview Research has recently published a report on the Chlorine Dioxide Market. This strategically evaluated report provides a detailed overview that presents today’s market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.
Chlorine Dioxide Market Insights:
The chlorine dioxide market was valued at USD 934 million in 2021 and is likely to grow at a CAGR of 6.4% during 2022-2028 to reach USD 1448.66 million in 2028.
What is chlorine dioxide?
Chlorine dioxide is a volatile, strong, and small chemical compound (molecule), which consists of two oxygen atoms and one chlorine atom, in its composition. It is abbreviated as ClO2 and is widely used for bleaching and water treatment. In addition, it is also used in end-use industries such as oil & gas and food & beverages for various anti-microbial activities.
Over the years, chlorine dioxide has been broadly used for various antimicrobial roles, such as drinking water disinfection. Of late, the market for chlorine dioxide has grown exponentially due to its rising demand in the oil & gas domain and due to its increasing application in the treatment of industrial wastewater.
In recent years, chlorine dioxide has become largely used chlorine alternative primarily for water treatment solutions. It has a number of benefits, including good efficiency at high pH, resistance to the effects of ammonia, and majorly support as compared to chlorine w.r.t the systems that are very vulnerable to a high level of organic contamination.
As chlorine dioxide is a selective oxidizer, it has the capability to control the micro-organisms in water, even at very low dosages, which makes it a cost-effective solution. Therefore, there is a high demand for chlorine dioxide in the market.
As per the report, the market is segmented by:
Based on the application type, the market is segmented into food & beverages, medical, pulp & paper processing, oil & gas, industrial water treatment, and others. Among these applications, the industrial water treatment category is expected to gain the maximum traction in the market over the forecast period.
As a result of urbanization and industrialization trends over the years, there has been a significant contribution to water pollution, which has simultaneously increased the need for water treatment. In addition, chlorine dioxide is broadly used for the disinfection of drinking water and acting as an efficient biocide for food processing, industrial activity, and medical purposes, among others. Due to ever-growing water pollution, the industrial water treatment market segment is anticipated to be the dominant chlorine dioxide application throughout the forecast period.
In terms of regions, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world. Among these regions, Asia-Pacific is expected to account for the largest share throughout the forecast period. In recent years, a number of industries and factories (medical, manufacturing, food processing, oil & gas, etc.) have set up their locations in the Asian region, primarily due to the availability of cheap labor and low prices of raw materials. This has simultaneously resulted in increasing water pollution in the area. This is the major reason for the dominance of the Asia-Pacific region in the overall market.
Sneak peek into the Report:
This report serves as a comprehensive source of market analysis. The report’s layout has been kept simple in order to have the most business value possible. It offers valuable insights into business dynamics and allows current and potential market participants to make strategic decisions. The following are the report’s key features:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market forecast analysis
Competitive landscape and dynamics: Market share, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends & Key success factors
The market for Chlorine Dioxide is highly consolidated with the strong presence of key players such as-
- Accepta Water Treatment
- Bio-Cide International, Inc.
- CDG Environmental
- Evoqua Water Technologies LLC
- Grundfos Holding A/S
- Scotmas Limited
- TECME SRL
- The Sabre Companies LLC.
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