Chlorine Dioxide Market Share, Size, Expected Growth Opportunities and Forecast by 2029 | Is Chlorine Dioxide Industry Hit Worst due to Russia-Ukraine War Impact?
The global chlorine dioxide market size is expected to gain momentum owing to the rising demand in water treatment and food processing during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Chlorine Dioxide Market, 2022-2029.” It is a chemical compound with the formula of CLO2. It’s a tiny, volatile, and extremely powerful molecule made up of two oxygen atoms and one chlorine atom. It’s made on-site from sodium chlorite, is water-soluble, and changes color from reddish to yellowish green at room temperature. It has antimicrobial and antivirus properties which will drive up demand in a variety of industries, including paper and pulp, water treatment, food processing, construction, and others.
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Russia-Ukraine War Implication
The Russia-Ukraine war could change the Chlorine Dioxide Market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global Chlorine Dioxide Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.
The European Union is pushing for more sanctions against Russia, including halting imports of nuclear fuel from Russia and excluding Russia’s top lenders from the SWIFT banking system. Moreover, Russia has also imposed similar sanctions on most EU countries. The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement.
Detrimental Impact of Covid-19 on Chemical Industry
The global coronavirus outbreak is projected to put the global chlorine dioxide under significant strain. It is used largely in the production of biocides. Furthermore, the lockdown’s extension in numerous nations around the world has disrupted supply chains, resulting in a global lack of crucial medical items. Many countries have tried to improve the shortage by strengthening domestic manufacturing and increasing imports.
List of Key Players Profiled in the Global Market for Chlorine Dioxide:
- Cleanwater Technology
- Evoqua Water Technologies LLC
- The Chemours Company
- CDG Environmental
- The Sabre Companies LLC
- AquaPulse Systems
- TECEM SRL
By application, the market is segmented into paper & pulp industry, water treatment, food processing, construction industry, oil industry, pharmaceutical industry, and others. On the basis of geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
What does the Report Offer?
The market research report offers integrated information on the key drivers, constraints, and opportunities driving industry growth. The research goes on to generate data volume by component, end consumer, and demographic. Major brand SWOT analysis identifies vulnerabilities, strengths, and opportunities.
Drivers & Restraints-
Increasing Demand in Industrial Sector to Stimulate Growth
The global chlorine dioxide market growth is expected to grow due to the increased production for chemicals during the projected period. The market is expected to develop due to the rapid increase in the use of water in various industrial sectors such as oil and gas, pharmaceuticals, and chemicals. The surge in environmental concerns, combined with rigorous government laws governing industrial effluent is driving up demand. Furthermore, the global expansion of the food and beverage industry is driving demand, which is utilized as an antibacterial agent in water for washing fruits and vegetables and poultry processing.
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Rapid Growth in Pharmaceutical Industry to Promote Growth in Asia Pacific
Asia Pacific is expected to hold the largest global chlorine dioxide market share during the forecast period. This is due to increasing adoption in water treatment, paper & pulp industry, and food industry are major contributing factors in the region.
North America is expected to have a sizable share of the market. This is due to increasing usage in the construction industry, paper & pulp industry will drive the market forward.
Manufacturers Focus on R&D Investments to Strengthen their Position
The global chlorine dioxide industry is extremely fragmented, with various medium and major industry players operating on a global scale. To expand market share and capitalize on development possibilities, prominent market participants are using various tactics such as product portfolio expansion, production capacity expansion, and mergers and acquisitions.
- May 2021: Kemin Industries, a global ingredient maker, acquired Bio-cide International, Inc. to expand its chlorine dioxide product portfolio.
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