New York, United States , Feb. 22, 2023 (GLOBE NEWSWIRE) -- The Global Chlorine Dioxide Market Size to grow from USD 950.50 million in 2021 to USD 1525.87 million by 2030, at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period. Chlorine dioxide is widely used in elemental chlorine-free (ECF) bleaching for wood pulp in the paper sector, as a pre-oxidant in water treatment, and in fumigant treatment for the cleanliness of fruits and poultry, which is the main factor driving the market revenue growth.
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The Chemical Method segment to account for the largest market size during the forecast period
Based on the product, the Chlorine Dioxide Market is categorized into Electrolytic Method and Chemical Method. The Chemical Method segment to account for the largest market size during the forecast period. Throughout the forecast period, the Chemical Method segment is anticipated to maintain its leading position due to stopping its ferocious breakdown mechanism and stopping it from becoming gaseous. This process is more effective since it produces chlorine dioxide with a high chlorite conversion yield and is entirely chlorine-free. The key advantages of the method are its simplicity and ability to be applied everywhere by avoiding any explosive dangers associated with the lack of elemental chlorine generation. The method is also applied in industrial preparation to lessen exposure to chloride ions, which are dangerous to human health due to their high reactivity.
The Wastewater segment to hold a higher CAGR during the forecast period.
Based on the application, the Chlorine Dioxide Market is categorized Drinking Water, Wastewater, Swimming Water, Cooling Water and Others. The Wastewater segment to hold a higher CAGR during the forecast period. Throughout the forecast period, the Wastewater segment is anticipated to maintain its leading position while expanding at the fastest CAGR because of its wide-range microbicide capabilities. Chlorine dioxide is a great choice for wastewater treatment since it is inert to ammonia and the majority of nitrogen-containing chemicals. Additionally, it is useful for efficiently oxidising complexes of iron and manganese. Additionally, it is a risk-free, environmentally friendly technique of disinfection that doesn't produce dangerous chlorinated by-products. Due to its selective activity, which prevents reactions with inert compounds, it may be used at much lower dosage rates, which boosts demand and helps the market's revenue growth.
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On credit portfolios, the COVID-121.9 epidemic has had a negative effect. The enormous growth has hampered the solvency of customers and business in unemployment and interruption of economic activity. Central banks have adopted a proactive strategy of injecting money into the market by decreasing interest rates and implementing asset purchase programs. With persistent geopolitical tensions, global trade battles, and sporadic hurricanes and earthquakes, managing and monitoring credit, market, liquidity, and operational risk across financial markets was challenging enough. Chief risk officers and their teams have had to reevaluate outdated methods and assumptions used to manage and monitor risk due to the present pandemic crisis. The global repercussions of COVID-19 have demonstrated the significance of interconnection in international cooperation. As a result, many governments have been hurrying to find, assess, and buy trustworthy AI-powered solutions.
Browse 43 market data Tables and 58 Figures spread through 210 Pages and in-depth TOC on “Global Chlorine Dioxide Market Size, Share, and COVID-19 Impact Analysis By Product (Electrolytic Method and Chemical Method), By Application (Drinking Water, Waste Water, Swimming Water, Cooling Water and Others) and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2021 – 2030.” View a detailed Report Here
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Asia Pacific to hold a higher CAGR during the forecast period.
The Global Chlorine Dioxide Market has been segmented into five major regions: North America, Europe, Asia-Pacific, South America, The Middle East and Africa. North America is estimated to account for the highest market share in 2022. The demand for Chlorine Dioxide is being driven by the rising acceptance by the market. The market for Chlorine Dioxide was dominated by the North America region this is explained by the primary driver of the market revenue growth in this area is the rising usage of chlorine dioxide in the pharmaceutical industry and hospitals. Chlorine dioxide is commonly used in hospitals to disinfect and provide safe drinking water because of its antibacterial qualities. Additionally, it is anticipated that its usage in cleaning and improving indoor air quality by lowering the levels of bacteria and fungus in the rooms would help the region's market revenue develop.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Chlorine Dioxide Market : Iotronic, Bio-Cide International, Dioxide Pacific, Lakeside Water, VASU CHEMICALS, HES Water Engineers, Shanda Wit, Huayuan Chlorine Dioxide Generator, Nanjing Shuifu, OTH, Jinan Ourui industrial, Beijing Delianda, Rotek, Nanjing xingke Water Treatment, Fujian HADA Intelligence Technology, Lvsiyuan and Other Prominent Vendors.
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