Press release
Chlorine Dioxide Market Statistics 2027: Major Factors that can Increase the Global Demand
Chlorine Dioxide Market
Surge in demand for safe drinking water, growth of the food & beverage industry, concerns regarding water pollution, and trend of wastewater recycling drive the growth of the global chlorine dioxide market. However, fire and explosion hazards and stringent environmental norms hinder the market growth. On the other hand, regulatory restrictions on the usage of chlorine and hypochlorite in pulp bleaching present new opportunities in the next few years.
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Covid-19 Scenario:
Chlorine dioxide is a primary raw material in the manufacturing of biocides. The decrease in demand for biocides during the covid-19 pandemic lowered down the demand for chlorine dioxide.
In addition, chlorine dioxide is utilized as a disinfectant for laboratory and medical equipment. Shortage of this equipment due to the disrupted supply chain caused the decrease in demand for chlorine dioxide.
The report offers detailed segmentation of the global chlorine dioxide market based on application and region.
Based on application, the industrial water treatment segment held the highest share in 2019, accounting for more than half of the global chlorine dioxide market, and is expected to continue its lead position during the forecast period. However, the pulp & paper processing segment is projected to portray the highest CAGR of 6.1% from 2020 to 2027.
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Based on region, Asia-Pacific contributed to the highest market share in terms of revenue, accounting for nearly two-fifths of the global chlorine dioxide market in 2019, and is expected to continue its dominant share by 2027. Moreover, this region is estimated to witness the fastest CAGR of 5.7% during the forecast period. The report also analyzes regions including North America, Europe, and LAMEA.
Leading players of the global chlorine dioxide market analyzed in the research include Accepta, Grundfos, Ecolab, Evoqua, ProMinent, CDG Environmental LLC, The Sabre Companies LLC, Iotronic Elektrogerätebau GmbH, Tecme Srl, and Vasu Chemicals LLP.
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