Press release
Chlorine Dioxide Market Size, Industry Share, Trends Analysis Report 2020-2027
Drivers, restraints, and opportunities
Rapid growth in the food & beverage industry, increase in demand for safe drinking water, rise in concerns regarding water pollution, and surge in trend of wastewater recycle have boosted the growth of the global chlorine dioxide market. However, fire and explosion hazards and strict environmental norms hinder the market growth. On the contrary, regulatory restrictions on the use of chlorine and hypochlorite in pulp bleaching are expected to open lucrative opportunities for the market players in the future.
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The industrial water treatment segment dominated the market
By application, the industrial water treatment segment held the lion's share in 2019, accounting for more than half of the market, due to rapid industrialization across the developing economies such as China and India and increase in demand for industrial water treatment. However, the pulp & paper processing segment is estimated to register the highest CAGR of 6.1% during the forecast period, owing to rise in demand for paper packaging from the e-commerce and retail sector.
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Asia-Pacific, followed by North America, held the lion's share
By region, the market across Asia-Pacific is projected to manifest the highest CAGR of 5.7% from 2020 to 2027. Moreover, the region held the largest share in 2019, contributing to more than one-third of the market, due to rapid industrialization and demand for chlorine dioxide from newly-installed industrial units. In addition, the market across North America is expected to register the second-highest CAGR of 5.7% during the forecast period.
Major Market Players
Accepta
Grundfos
Ecolab
Evoqua
ProMinent
CDG Environmental LLC
The Sabre Companies LLC
Iotronic Elektrogerätebau GmbH
Tecme Srl
Vasu Chemicals LLP
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