Asia Pacific Chlorine Dioxide Market size crossed USD 250 million in 2019 and is poised to witness 5.5% CAGR from 2020 to 2026.
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Chlorine dioxide is a yellowish-green chemical compound with the formula ClO2. It is typically comprised of sodium chlorate or sodium chlorite. It contains antimicrobial properties used in the disinfection of drinking water. In the chemical industry, chlorine dioxide is used in a wide variety of industrial, oil, gas, food & beverages, paper &pulp, and many more applications. Growing usage of chlorine in the industrial wastewater treatment process is propelling the market demand.
Asia Pacific Market, By Application
Chlorine dioxide consumption from food & beverage sector applications will surpass 59 million by 2026. Chlorine dioxide is used as a disinfectant in food and beverages. Chlorine dioxide is very effective without affecting the taste of the food, it has broad-spectrum, high efficiency, non-toxic, and non-residue. Chlorine dioxide is used and food refreshment for frozen fish meat, rice balls, chicken disinfection, and preservation. In addition, it is also used in the beer and wine industry as a disinfectant and High purity chlorine dioxide powder is used for disinfection and bleaching.
Chlorine dioxide from medical sector applications accounted for USD 37 million revenue in 2019 and will observed around 6% growth rate during the forecast period. Considering the Asia Pacific region, in healthcare environments, and laboratories chlorine dioxide gas is used to sterile equipment, rooms, and surfaces. It has antimicrobial and antibacterial properties that kill harmful microorganisms and protect from infectious bacteria causing diseases. Additionally, the appropriate concentration of chlorine dioxide is effective to eliminate bacteria can cause disease like pneumonia.
The Asia Pacific chlorine dioxide market will expand 96.65-kilo tonnes during the forecast timespan, owing the increase in the geriatric population has increase healthcare expenditure. Furthermore, in the Asia Pacific region countries such as India, China, and Vietnam, there is rapid development in the paper &pulp industry coupled with rising recycling activities. In addition, the COVID-19 pandemic positively affecting the market size, after pandemic people are more conscious about health and cleanliness this will leads to an increase in the demand for a chlorine-based product which propels the market in the Asia Pacific region.
Competitive Industry Landscape
The major players involved in the Europe chlorine dioxide market are Ecolab, ProMinent, Evoqua, AquaPulse Systems, Tecme, IEC Fabchem Limited Prominent, Metito, Bio-Cide International, Scotmas, Grundfos. These manufacturing companies are always focusing on product innovation according to consumer demand.