The Asia Pacific Chlorine Dioxide Market would witness market growth of 5.0% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,208.8 hundred tonnes, showcasing a growth of 4.2% (2019-2022).
The ClO2 market has emerged as a dynamic and pivotal segment within the broader chemical industry, witnessing significant growth and adoption across various sectors. Chlorine dioxide (ClO2), a powerful and versatile oxidizing agent, has found extensive application in water treatment, pulp and paper production, and other diverse industries. The unique properties of ClO2, coupled with ongoing innovations and evolving trends, have propelled its demand regionally, making it an essential component in modern industrial processes.
Industries, ranging from food and beverage to pulp and paper, have embraced ClO2as an integral component of their water treatment strategies. Its role in controlling microbial growth and eliminating unwanted by-products in industrial processes positions it as a key player in maintaining water quality. The demand for ClO2 in industrial settings is further fueled by the need to comply with stringent environmental regulations and ensure sustainable water usage within production processes.
China's growing population and urbanization have increased the demand for paper products, including packaging materials, tissue, and other paper-based goods. China's economic growth has boosted various industries, including the packaging and paper sector. Moreover, the emphasis on sustainable and eco-friendly practices in the pulp and paper industry has led to adopting ClO2 as a more environmentally friendly bleaching agent than traditional chlorine-based methods. As per the data from Invest India, in terms of value, $3179.24 Mn of paper, paperboard & newsprint was exported in 2021-22, as against $1940.94 Mn in the previous year. This added nearly $1238.30 Mn (in percentage, 63% growth) to the nation's growth. Thus, the expansion of paper and pulp industry in the Asia Pacific will assist in the growth of the regional market.
The China market dominated the Asia Pacific Chlorine Dioxide Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $148.9 million by 2030. The Japan market is registering a CAGR of 4.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 5.7% during (2023 - 2030).
Free Valuable Insights: The Global Chlorine Dioxide Market is Predict to reach $1.4 Billion by 2030, at a CAGR of 4.7%
Based on Application, the market is segmented into Industrial Water Treatment, Pulp & Paper Processing, Oil & Gas, Medical, Food & Beverages, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Application (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)
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