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Selbyville, Delaware, November 5, 2020 (GLOBE NEWSWIRE) – According to the report released by Global Market Insights Inc., the global chlorine dioxide market the size was valued at $ 795 million in 2019 and is expected to exceed $ 1.1 billion by 2026, registering a 5.4% CAGR from 2020 to 2026. The report provides a detailed analysis of the market size and estimates, key investment pockets, best winning strategies, drivers and opportunities, competitive landscape and faltering market trends.
In recent years, consumers have become increasingly aware of the environmental impact of plastic waste. These trends have increased the preference for sustainable flexible paper packaging solutions. Increasing recommendations from global health authorities to maintain hygiene to curb the spread of COVID-19 are expected to increase demand for handkerchiefs and paper towels in the near future.
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Chlorine dioxide plays a vital role in pulp bleaching and water treatment applications in paper mills. Furthermore, the substance helps manufacturers to adopt environmentally friendly approaches and reduce their environmental impact by minimizing the release of harmful dioxins into the environment.
Key reasons for the growth of the chlorine dioxide market:
- Demand for sustainable flexible packaging solutions
- Thriving pulp and paper industry
- Expansion of the main verticals in Asia Pacific
The predictions for 2026 show that the pulp and paper applications segment maintains its dominant position:
The rapid expansion of the pulp and paper industry in developing countries such as India, China and Vietnam and the increase in paper recycling activities are likely to increase product demand in the future. The global chlorine dioxide market from pulp and paper processing applications is estimated to exceed $ 120 million by 2026.
Asia Pacific to maintain its revenue lead:
Asia Pacific’s chlorine dioxide market share is projected to see a CAGR of more than 5.5% through 2026. The region has experienced rapid expansion of numerous end-use sectors including food and beverage, petroleum and gas and pharmaceuticals, which in turn has increased the need for industrial water treatment. Chlorine dioxide helps manufacturers to comply with strict environmental regulations regarding wastewater discharge by preventing the formation of toxic chlorinated by-products.
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North America’s chlorine dioxide market will expand at a CAGR of nearly 4% through 2026. An expanding elderly population base in the region has increased healthcare spending, which will significantly boost demand for products. On the other hand, the demand for chlorine dioxide in Europe is likely to grow at a CAGR of more than 4.5% until 2026.
Main market players:
Major players analyzed in the global chlorine dioxide industry report include Ecolab, Evoqua, Scotmas, Grundfos, and ProMinent, among others. They have incorporated several strategies including partnership, expansion, collaboration, joint venture and others to increase their position in the industry.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, USA, is a global market research and consulting services provider. By offering syndicated and customized research reports, growth consulting, and business intelligence services, Global Market Insights, Inc. aims to help clients with insightful insights and actionable market data that aid in strategic decision making.
GMIPulse, our business analytics platform offers an interactive online option to explore our proprietary industry research data in a dynamic and easy-to-use way. Clients can explore market insights across 11 tier-one categories and hundreds of industry segments within them, covering regional, company-wide and cross-sectional statistics that make our offering a distinctive element for decision makers.
Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: [email protected] Web: https://www.gminsights.com
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