Chlorine dioxide market from oil & gas application to record a 4.5% CAGR through 2026, Top players are Ecolab, Grundfos, ProMinent, Evoqua, and Scotmas
Chlorine dioxide market size from the oil & gas application is pegged to record a 4.5% CAGR through 2026 considering its extensive adoption in this sector. Consumer awareness of the adverse environmental effects caused by using plastic has fueled the demand for flexible paper packaging. Also, an increasing focus to maintain good hygiene and disinfected surroundings as recommended by health experts in the current COVID-19 pandemic has led to the worldwide use of tissues and paper towels.Asia Pacific could observe a CAGR of 5.5% for the chlorine dioxide market up to 2026 with the expansion of the food & beverage, pharmaceutical as well as oil & gas sectors. This development has pushed the need for industrial water treatment in the region as chlorine dioxide limits the production of toxic chlorinated byproducts. It witnesses high demand across water management companies as it complies with the severe environmental norms that have been regulated for the discharge of treated wastewater.
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To add further, the selective reactivity offered by chlorine dioxide makes it an ideal component for use in industrial water treatment operations over oxidizing agents like chlorine and ozone. Factors like inadequate wastewater treatment, ineffective recycling & reusability practices, and the deployment of obsolete process technology have also hiked the industrial water consumption in the region.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Ecolab
2. Grundfos
3. ProMinent
4. Evoqua,
5. Scotmas
The expansion of the geriatric population in North America and their optimum spending capacities has led to an increase in healthcare costs. On this note, this regional chlorine dioxide market is anticipated to register a growth rate of more than 4% in the coming years.
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Chlorine dioxide market are focusing on inorganic strategies like mergers, acquisitions, and novel product launches to specifically meet the increasing industrial requirement of in water treatment. For instance, Ecolab’s parented water management firm, Nalco Water, in December 2018, introduced an extension for its PURATE technology for chlorine dioxide (Cl02), a superior class biocide used in small to medium-sized industrial cooling water systems.
The North America chlorine dioxide market is projected to register more than 4% gain over the stipulated period. There is a rise in healthcare spending and healthcare costs in the region on account of the growing number of the elderly population.
The chlorine dioxide market is led by prominent industry contenders such as Grundfos, Scotmas, Ecolab, Evoqua, and ProMinent. These firms are enhancing their market position by means of various business strategies including acquisitions, new product development, and mergers, to meet the surging product demand from the industrial water treatment sector.
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