PUBLISHER: IMARC | PRODUCT CODE: 1561563
PUBLISHER: IMARC | PRODUCT CODE: 1561563
The global chlorine dioxide market size reached US$ 1,046.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,531.4 Million by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032.
Chlorine dioxide (CIO2) is a volatile chemical compound that consists of one chlorine atom and two oxygen atoms. It is a yellowish-brown gas with an unpleasant odor at room temperature that dissolves in water. It is usually produced from sodium chlorite and sodium chlorate and is commonly used as an antimicrobial agent in poultry processing, disinfecting drinking water and washing vegetables and fruits. It is also utilized as a selective oxidizer and is used as an alternative to chlorine in water treatment solutions. Chlorine dioxide is effective over a broad pH range, neutralizes phenols and their derivatives and is less corrosive. As a result, it is extensively used in industrial water treatment, medical, pulp and paper processing, oil and gas, food and beverage applications.
Rapid industrialization across the globe is one of the key factors driving the growth of the market. Chlorine dioxide is widely used for treating wastewater and removing the turbidity from water as it is a powerful disinfectant for bacteria and viruses. Additionally, the widespread product utilization in the pulp and paper industry is favoring the market growth. Chlorine dioxide is widely used as a bleaching agent to produce paper with high brightness. Moreover, the increasing utilization of biocide technology is providing a thrust to the market growth. The technology is based on chlorine dioxide to treat industrial cooling water systems and provide safety interlocks, real-time monitoring and enhanced cost-effectiveness. Other factors, including the rising product demand in the food and beverage industry to control pathogenic and spoilage microorganisms, along with the extensive product utilization to sterilize medical and laboratory equipment, is anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global chlorine dioxide market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, method, and application.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accepta LLC, AquaPulse Systems, CDG Environmental LLC, Ecolab Inc., Evoqua Water Technologies LLC, Grundfos Pumps Corporation, Iotronic Elektrogeratebau GmbH, ProMinent GmbH, Sabre Technologies LLC, Tecme Srl and Vasu Chemicals LLP.