IMARC Group, a leading market research company, has released a report titled “Chlorine Dioxide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The global chlorine dioxide market size reached US$ 999 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,323 Million by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.
Chlorine dioxide (ClO2) refers to a small and volatile chemical compound consisting of one chlorine atom and two oxygen atoms. It is a yellowish-brown gas with an unpleasant odor and exists as a free radical in dilute solutions. Chlorine dioxide is generally produced from sodium chlorite and sodium chlorate. It is widely used in poultry processing, disinfecting drinking water, washing vegetables and fruits, etc. Chlorine dioxide is also a selective oxidizer and can control microorganisms in water at very low dosages. It finds several applications across numerous industries, such as healthcare, paper processing, oil and gas, food and beverage (FB), etc.
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Chlorine Dioxide Market Trends and Drivers:
The growing demand for industrial water treatment systems across the globe is one of the primary factors driving the chlorine dioxide market. In addition to this, the increasing requirement for ClO2 to wash various meat products, including chicken and seafood, owing to its antimicrobial properties, is further propelling the market growth. Moreover, the widespread product utilization in the pulp and paper industry is augmenting the global market. Apart from this, the expanding usage of biocide technologies for safety interlocks is acting as another significant growth-inducing factor. Furthermore, the escalating demand for ClO2 in the FB industry to reduce spoilage is positively influencing the market growth. Besides this, the rising product usage to sterilize medical and laboratory equipment is expected to fuel the chlorine dioxide market in the coming years.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Liquid Stabilized Chlorine Dioxide
- Solid Stabilized Chlorine Dioxide
Breakup by Method:
- Electrolytic Method
- Chemical Method
Breakup by Application:
- Industrial Water Treatment
- Pulp and Paper Processing
- Oil and Gas
- Medical
- Food and Beverages
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Accepta LLC
- AquaPulse Systems
- CDG Environmental LLC
- Ecolab Inc.
- Evoqua Water Technologies LLC
- Grundfos Pumps Corporation
- Iotronic Elektrogeratebau GmbH
- ProMinent GmbH
- Sabre Technologies LLC
- Tecme Srl
- Vasu Chemicals LLP.
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