Chlorine Dioxide Market size worth over $1.1 billion by 2026
Published Date: November 2, 2020 Authors: Kunal Ahuja, Kritika Mamtani
According to a new research report by Global Market Insights, Inc., the global chlorine dioxide market size is set to surpass USD 1.1 billion by 2026. Growing prevalence of stringent regulations to prevent consumer exposure to food poisoning & poor hygiene and rising consumer concerns regarding the spread of infectious diseases should stimulate the market growth.
Chlorine dioxide finds extensive usage for various applications in the food & beverage sector such as piping disinfection, carcass wash, container & packaging disinfection and flume disinfection. Growing disposable incomes, rising consumer spending on eating out and substantial population growth has resulted in growing demand for food which should trigger the food & beverage sector.
Growing efforts to prevent microbial damage to oilfield equipment should boost the chlorine dioxide market from oil & gas applications
Oil & gas applications segment surpassed 22 kilo tons in 2019. Growing technological advancements in oilfield equipment along with rising exploration of unconventional gas resources to remediate the depletion of conventional gas should drive product demand in the oil & gas sector. Chlorine dioxide is an ideal disinfectant in the oil & gas sector owing to its high selectivity and efficacy at low dosages. Rising efforts by companies to prevent the microbial corrosion of oilfield equipment and biofilm formation on storage tanks should stimulate the chlorine dioxide market demand.
Increasing energy demand owing to population growth, urbanization and industrialization have led to substantial expansion of the oil & gas sector. The U.S. has witnessed tremendous rise in oil production capacity primarily owing to increased fracking in the states of North Dakota and Texas which has resulted in the country becoming net export of oil. Similarly, the decision of Saudi Arabia to boost oil production to prevent high prices and control market share represents new opportunities for chlorine dioxide market.
Browse key industry insights spread across 170 pages with 99 market data tables and 30 figures & charts from the report, “Chlorine Dioxide Market By Application (Food & Beverages, Medical, Pulp & Paper Processing, Oil & Gas, Industrial Water Treatment, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Booming healthcare industry to drive the demand for chlorine dioxide in North America
The chlorine dioxide market should register over 4% gains in North America through 2026. The region is witnessing rising healthcare costs pertaining to an increase in the number of the elderly population segment and rising healthcare spending. The U.S. healthcare sector is driven by favorable regulations such as the Affordable Healthcare Act which seeks to provide accessible healthcare to all citizens and rising medical advancement which has boosted life expectancy. Chlorine dioxide is an essential biocide for sterilizing medical tools, surfaces, rooms and equipment.
North America is witnessing a thriving healthcare insurance industry and the usage of innovative technologies such as the Internet of Things (IoT) & data science which should boost the healthcare sector. The COVID-19 outbreak in early 2020 along with increasing prevalence of hospital acquired infections (HAI) such as ventilator-associated pneumonia and catheter-associated urinary tract infections has led to growing focus on disinfection of tools, equipment and floors to protect patients.
Major players are adopting implementing various strategic initiatives such as mergers, acquisitions and partnerships to boost production capacity and expand market share. The major players in the chlorine dioxide industry include Scotmas, Evoqua, ProMinent, Grundfos, Ecolab, Sabre, and Superior Plus Corp. In October 2017, Superior Plus Corp. acquired the International Dioxcide (IDI) business from Lanxess which includes various sodium chlorate solutions such as chlorine dioxide generation systems for oxidative and biocidal applications.
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