Chlorine Dioxide Market is Expected to Reach $1,265.5 million by 2027

According to a new report published by Allied Market Research, titled, “Chlorine Dioxide Market: Opportunity Analysis and Industry Forecast, 2020–2027,” 

The global chlorine dioxide market was valued at $857.8 million in 2019, and is projected to reach $1,265.5 million by 2027, growing at a CAGR of 5.0% from 2020 to 2027.

Chlorine dioxide is a chemical compound with the formula ClO2 and is useful for an oxidizing agent used in water treatment and in bleaching. It is widely used in the food & beverage sector for meat disinfection, washing bottles, fruits and vegetables, while in the oil & gas sector, it is used to control microbial activity in oil fields.

Surge in demand for safe drinking water, technological developments, and increase in emphasis on reusing and recycling of wastewater in the industrial sector are anticipated to drive the growth of the global chlorine dioxide market. In addition, it is also used to chemically process wood pulp for paper manufacturing, which is likely to increase the demand for chlorine dioxide from paper processing industry. These factors are expected to increase its demand during the forecast period.

The global chlorine dioxide market is segmented on the basis of application and region. 

Based on application, the market is fragmented into industrial water treatment, pulp & paper processing, oil & gas, medical, food & beverages, and others. The industrial water treatment segment is the leading segment that dominated the global market with more than half of the total market share in 2019.

Region wise, the chlorine dioxide market size is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the major global chlorine dioxide market share in 2019, and dominated the global market with more than one-third of the total market share in 2019.

Key players operating in the global chlorine dioxide market include Accepta, Ecolab, Grundfos, ProMinent, Evoqua, The Sabre Companies LLC, CDG Environmental LLC, Tecme Srl, Iotronic Elektrogerätebau GmbH, and Vasu Chemicals LLP.

COVID-19 analysis:

The global coronavirus outbreak is expected to pose severe challenges to the global chlorine dioxide market. Chlorine dioxide is primarily utilized in the manufacture of biocides. Therefore, a decline in sale of biocides is expected to restrain the chlorine dioxide market in the near future. In addition, extension of the lockdown in various countries across the world has led to supply chain disruptions; thereby, resulting in widespread shortage of critical medical devices. Many countries have attempted to ease this shortage by increasing imports and boosting domestic manufacture. However, the demand for medical devices is in excess of what domestic manufacturer can deliver. The aforementioned factors are likely to hinder the chlorine dioxide demand which is widely used as a disinfectant for laboratory and medical equipment.

Key findings of the study

• The industrial water treatment segment dominated the global chlorine dioxide market with around 53.0% of the market share in terms of revenue 
• The paper & pulp processing segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 6.1% from 2020 to 2027
• Asia-Pacific dominated the global chlorine dioxide market with around 37.0% of the market share in terms of revenue. It is also estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 5.7% from 2020 to 2027