The North America Chlorine Dioxide Market would witness market growth of 4.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 844.9 hundred tonnes, showcasing a growth of 3.3% (2019-2022).
The versatility of ClO2 extends to its applications across many water treatment challenges. From emergency water disinfection to complex industrial processes, ClO2 demonstrates its efficacy in diverse scenarios, making it an asset in addressing water quality concerns regionally. Likewise, ClO2 stands out as a go-to solution in emergencies where the safety of drinking water is compromised. Natural disasters, contamination events, or sudden infrastructure failures can jeopardize water supplies, and chlorine dioxide's rapid disinfection capabilities provide a swift response to ensure the availability of safe drinking water. Its ease of use and effectiveness in deactivating a wide range of pathogens position it as a crucial tool in emergency response scenarios.
Moreover, in industrial water treatment, ClO2 has applications in various processes, including cooling, boiler, and wastewater treatment. Its ability to control microbiological growth, reduce scaling and corrosion, and minimize the formation of undesirable by-products makes it a preferred choice for industries where water quality is integral to production processes. As industries increasingly prioritize sustainability and environmental responsibility, ClO2 aligns with these goals by offering effective water treatment with reduced environmental impact.
A growing oil and gas sector in Mexico could increase demand for water treatment solutions, potentially benefiting the demand for ClO2. Economic growth in any sector often drives the demand for various chemicals and industrial solutions, including water treatment. As per the data from the International Trade Administration, Mexico is one of the largest oil producers in the world (with 1.6 million barrels produced daily in 2022) and the fourth largest in the Americas after the United States, Canada, and Brazil. The petroleum industry is vital to the Mexican economy. In 2022, revenues derived from this sector comprised nearly 20 percent of the overall government earnings. Hence, rising food and beverage and oil and gas sectors in North America will assist in the expansion of the regional market.
The US market dominated the North America Chlorine Dioxide Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $259.9 million by 2030. The Canada market is experiencing a CAGR of 6.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.6% during (2023 - 2030).
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
By Application (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)
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