A rise in demand for wastewater treatment from the industrial sector is driving the worldwide chlorine dioxide market. Water pollution has increased as a result of the dispersion of industrial wastewater in rivers, lakes, and seas in growing countries such as Brazil, China, and India, as a result of the establishment of numerous industrial production units.
The size of the global market for Chlorine Dioxide is expected to reach USD 1515 million by 2030, expanding at a compound annual growth rate (CAGR) of 5%.
Covid 19 Impact & Market Status
The worldwide coronavirus outbreak is expected to impose severe burden on the global chlorine dioxide sector. As result, a drop in biocide sales is projected to stifle the chlorine dioxide market's growth in the near future. Furthermore, the lockdown's spread around the globe has disrupted supply systems, resulting in a global shortage of critical medical supplies. Many countries have attempted to fill the gap by bolstering domestic production and expanding imports. The demand for medical devices, on the other hand, surpasses the capability of local producers. The causes are anticipated to stifle demand for chlorine dioxide, which is commonly used to disinfect laboratory and medical equipment.
Growing demand for safe drinking water
The worldwide chlorine dioxide market is expected to benefit from rising demand for clean drinking water, technical advancements, and increased emphasis on wastewater recycling and reuse in the industrial sector. Because chlorine dioxide is used to chemically prepare wood pulp for paper manufacture, the paper processing industry is predicted to drive market expansion. Chlorine dioxide is used to help sterilise laboratory and medical equipment, surfaces, rooms, and instruments in hospitals and other healthcare settings. The diverse uses of chlorine dioxide are expected to drive demand during the projected period, providing producers with profitable prospects.
Global Market by Application
In 2019, the industrial water treatment sector held the largest proportion of the chlorine dioxide market. Rapid industrialisation in developing economies like China and India is to blame for this. As the raw water input includes water of various compositions such as ocean, freshwater, and groundwater, industrial operations require water with certain pH levels, hardness, and dissolved particles. Chlorine dioxide is used in the treatment of industrial water, food processing, and cooling towers as a biocide. Furthermore, the increase in water scarcity has sparked a growing trend of water reuse, which necessitates adequate water treatment. The need for chlorine dioxide to remove unusual metals has grown because of technical advancements in the industrial wastewater treatment industry and considerable expansion of the electronics sector, which is projected to fuel the chlorine dioxide market growth.
Chlorine dioxide (ClO2) is a chemical compound with the formula ClO2 that is employed as an oxidizer in water treatment and bleaching.
On account of expanded uses of chlorine dioxide in the fields of wastewater treatment, municipal drinking, textile bleaching, pulp, farming, and other fields, global demand for chlorine dioxide is predicted to rise. Chlorine dioxide is often used to clean disinfect meat, bottles, and disinfect fruits and vegetables in the food and beverage sector, as well as to inhibit microbial activity in oil fields in the oil and gas business.
The worldwide chlorine dioxide market is expected to benefit from rising demand for clean drinking water, technical advancements, and increased emphasis on wastewater recycling and reuse in the industrial sector. Because chlorine dioxide is used to chemically prepare wood pulp for paper manufacture, the paper processing industry is predicted to drive market expansion. Government rules prohibiting the use of chlorine, however, are limiting the worldwide chlorine dioxide market's growth. Regulators are anticipated to tighten limitations on the use of chlorine and hypochlorite in pulp bleaching, presenting new prospects for the worldwide chlorine dioxide business.
The chlorine dioxide market is estimated to grow at a CAGR of 5.0 percent from 2022 to 2029, rising from $857.8 million in 2022 to $1,265.5 million in 2029.
Accepta LLC, CDG Environmental LLC, AquaPulse Systems, Ecolab Inc., Grundfos Pumps Corporation, Iotronic Elektrogerätebau GmbH, Tecme Srl, Evoqua Water Technologies LLC, ProMinent GmbH, Sabre Technologies LLC, and Vasu Chemicals LLP have all been profiled in the industry's competitive landscape.
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- In May 2021, Kemin Industries, a global ingredient manufacturer, purchased Bio-cide International, Inc. to extend its chlorine dioxide product range. De Nora and Grundfos agreed in June 2021 for De Nora to purchase 100% of ISIA S.p.A. The deal also involves the transfer of chlorine dioxide-producing technology's intellectual property. De Nora's chlorine dioxide generating product line is expected to benefit from ISIA's process control expertise and proprietary submerged reactor architecture.
The revenue contribution of major nations to the regional market has been outlined. The study examines the worldwide chlorine dioxide market and forecasts it for the years 2022–2029.
To comprehend the present prospects and prospective investment pockets, the study examines the current global chlorine dioxide market trends and the future scenarios for the global chlorine dioxide market from 2022 to 2029.
Chlorine Dioxide Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 1,265.5 million|
|Growth Rate||CAGR of 5.0% during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, Middle East and South Africa|
|Key Players Profiled||Accepta LLC, CDG Environmental LLC, AquaPulse Systems, Ecolab Inc., Grundfos Pumps Corporation, Iotronic Elektrogerätebau GmbH, Tecme Srl, Evoqua Water Technologies LLC, ProMinent GmbH, Sabre Technologies LLC, and Vasu Chemicals LLP.|
Key Segments of the Chlorine Dioxide Market
Type Overview, 2022-2029 (USD Million)
- Electrolytic Method
- Chemical Method
Application Overview, 2022-2029 (USD Million)
- Pulp and Paper Processing
- Industrial Water Treatment
- Oil and Gas
- Food and Beverages
Regional Overview, 2022-2029 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of Latin America
Middle East and South Africa