Chlorine Dioxide Market Growth & Forecast Analysis | 2022-2028

Market Insights

The chlorine dioxide market was valued at USD 934 million in 2021 and is likely to grow at a CAGR of 6.4% during 2022-2028 to reach USD 1448.66 million in 2028.

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What is chlorine dioxide?

Chlorine dioxide is a volatile, strong, and small chemical compound (molecule), which consists of two oxygen atoms and one chlorine atom, in its composition. It is abbreviated as ClO2 and is widely used for bleaching and water treatment. In addition, it is also used in end-use industries such as oil & gas and food & beverages for various anti-microbial activities.

Market Dynamics

Over the years, chlorine dioxide has been broadly used for various antimicrobial roles, such as drinking water disinfection. Of late, the market for chlorine dioxide has grown exponentially due to its rising demand in the oil & gas domain and due to its increasing application in the treatment of industrial wastewater.

In recent years, chlorine dioxide has become largely used chlorine alternative primarily for water treatment solutions. It has a number of benefits, including good efficiency at high pH, resistance to the effects of ammonia, and majorly support as compared to chlorine w.r.t the systems that are very vulnerable to a high level of organic contamination.

As chlorine dioxide is a selective oxidizer, it has the capability to control the micro-organisms in water, even at very low dosages, which makes it a cost-effective solution. Therefore, there is a high demand for chlorine dioxide in the market.

Segment Analysis

By Application Type

Based on the application type, the market is segmented into food & beverages, medical, pulp & paper processing, oil & gas, industrial water treatment, and others. Among these applications, the industrial water treatment category is expected to gain the maximum traction in the market over the forecast period.

As a result of urbanization and industrialization trends over the years, there has been a significant contribution to water pollution, which has simultaneously increased the need for water treatment.  In addition, chlorine dioxide is broadly used for the disinfection of drinking water and acting as an efficient biocide for food processing, industrial activity, and medical purposes, among others. Due to ever-growing water pollution, the industrial water treatment market segment is anticipated to be the dominant chlorine dioxide application throughout the forecast period.

Regional Insights

In terms of regions, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world. Among these regions, Asia-Pacific is expected to account for the largest share throughout the forecast period. In recent years, a number of industries and factories (medical, manufacturing, food processing, oil & gas, etc.) have set up their locations in the Asian region, primarily due to the availability of cheap labor and low prices of raw materials. This has simultaneously resulted in increasing water pollution in the area. This is the major reason for the dominance of the Asia-Pacific region in the overall market.

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Market Scope & Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories. 

By Application Type

• Food & Beverages
• Medical
• Pulp & Paper Processing
• Oil & Gas
• Industrial Water Treatment
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the key players in the market are-

• Accepta Water Treatment
• Bio-Cide International, Inc.
• CDG Environmental
• Ecolab
• Evoqua Water Technologies LLC
• Grundfos Holding A/S
• ProMinent
• Scotmas Limited
• TECME SRL
• The Sabre Companies LLC.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factor

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the application types by country.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.