Global Chlorine Dioxide Market size worth over USD 1,380 million by 2027

According to a new research report by Global Market Insights Inc., the global Chlorine Dioxide Market size is set to surpass USD 1,380 Million by 2027.
 

Global chlorine dioxide market is growing at a significant pace over the past few years owing to steady growth of various industries such as aerospace, food & beverage, and pulp & paper processing in the U.S., Canada, Germany, India, and China. Additionally, rising focus towards reusing and recycling of wastewater in the industrial sector is predicted to provide growth opportunity to chlorine dioxide market.
 

Low environmental impact of the product to boost demand from oil & gas application

Chlorine dioxide use in oil & gas application should show significant growth in the predicted period and reach at the value of USD 96.5 Million up to 2027. Chlorine dioxide is known to have low environmental impacts as it degrades to salt in most environments and does not form chlorinated by-products, which will promote product demand in oil & gas application. Increasing production of oil and gas in various countries including the U.S., Saudi Arabia, Russia, Canada, and China  coupled with rising need for petroleum products are major factors leading to market growth in oil and gas industry. Thus, growth of oil and gas sector will promote chlorine dioxide product demand.
 

Chlorine dioxide consumption in fracking application is expected to exceed USD 19.0 million up to 2027 and is expected to grow over a CAGR of 6.0% in the predicted period. During the fracking process, chlorine dioxide finds widespread adoption for disinfection of fracturing water and fluids, removes hydrogen sulfide, reduces treatment cost and enhances environmental and safety concern. Growing oil & gas industry along with increasing consumption of fuel is anticipated to drive product demand for fracking application.
 

“As per industry forecasts, oil & gas application segment should grow at a CAGR of 5.9% by 2027 pertaining to low environmental impact of chlorine dioxide”
 

Increasing chlorine dioxide adoption for disinfection in tubing, fitting, water systems and toilets will foster its market growth in aerospace application.

Aerospace application accounts for significant share in 2020 with a market size of USD 35.5 million. The product is utilized for flushing and disinfection of tubing, fitting, water systems and toilets which should boost the chlorine dioxide market growth. Increasing demand for disinfectants for regular disinfection procedure in airplanes to kill and control infectious disease to minimize the spread of disease should augment product demand for its application in aerospace industry. Rising importance of sanitization and cleaning in aerospace sector after the COVID-19 outbreak worldwide has propelled chlorine dioxide requirement in aerospace industry.
 

Chlorine dioxide use in toilet disinfection application is expected to grow over a CAGR of 5.5% over the forecast timeframe. Chlorine dioxide witnessed rising adoption for toilet disinfection pertaining to its ability to kill bacteria, virus and germs and is likely to boost product demand for its use in aerospace industry. Likewise, chlorine dioxide use in airline water systems application is predicted to grow at a CAGR of 5.0% over the predicted period. Aircraft water systems are flushed with chlorine dioxide on account of its ability to disinfect water systems which will boost product demand.
 

“As per industry forecasts, aerospace application segment to witness gains over 5.5% by the end of 2027 pertaining to growing product usage for disinfection in tubing, fitting, water systems and toilets”
 

Browse key industry insights spread across 285 pages 285 market data tables and 32 figures & charts from the report “ Global Chlorine Dioxide Market Size By Application (Food & Beverages {Meat Disinfection, Fruits & Vegetables Disinfection, Canning Brewing & Bottling Disinfection}, Medical, Pulp & Paper Processing, Oil & Gas {Fracking}, Industrial Water Treatment, Oral Care, Aerospace {Toilet Disinfection, Airline Water Systems}, Eye care), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/chlorine-dioxide-market
 

Well-developed pulp & paper industry in Europe should propel chlorine dioxide market

Europe is estimated to show significant growth over the forecasted period and anticipated to reach over USD 380 million in the year 2027. The product is applied as a bleaching chemical and disinfectant in the pulp & paper industry. Europe has a strong paper & pulp industry share in the global market. For instance, Europe pulp production accounts for over 24% of the global pulp production and has strong export markets with an export rate of 21% of its production volume. Growing ecommerce, packaging and paper recycling industries in Europe has led to high growth in paper & pulp industry which should generate high product demand.
 

Major manufacturers in the chlorine dioxide industry are implementing multiple strategies such as merger & acquisition and expansion of production capacity & product portfolio to sustain their position in the global market. The major players include Scotmas, Grundfos, Ecolab, Evoqua, and ProMinent which play a significant role in chlorine dioxide market.