The chlorine dioxide market is expected to witness substantial growth by 2027 due to surging product demand across diverse end-use verticals. Additionally, increasing research focus on the product is anticipated to further support market growth through the forecast period.
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Following the COVID-19 outbreak, there was an urgent need to find a treatment for the illness caused by the novel coronavirus. Recently, industry leaders have been examining the use of chlorine dioxide to tackle the SARS-CoV-2 infection, which has significantly enhanced product outlook across the globe.
For instance, in June 2021, Taiko Pharmaceutical, a Japan-based pharmaceutical company, claimed that its long-lasting aqueous solution of chlorine dioxide was successful in inactivating over 99.99% of the COVID-19 virus, along with its Gamma and Alpha variants. The study was corroborated by a test performed in collaboration with researchers from Tokyo's Kitasato University.
In the study, the Alpha variant of SARS-CoV-2 was utilized to affect the infection/transmission potency while the Gamma variant was suggested to affect the antigenic drift. As a result, the potential use of chlorine dioxide has positively impacted market growth worldwide.
The chlorine dioxide market has been categorized on the basis of application [food & beverage, pulp & paper processing, medical, oil & gas, industrial water treatment, eyecare, oral care, aerospace, and others (dentistry products, mouthwashes, and households cleaning products)] and region.
The food & beverage application segment has further been segregated into fruits & vegetables disinfection, canning, brewing & bottling disinfection, meat disinfection, and other food & beverage applications (bakery products, cheese, chocolate confectionary, ice creams, instant noodles, non-alcoholic drinks, ready meals, sauces, and dressings). The chlorine dioxide valuation from the other food & beverage application segment is expected to reach USD 48.0 million by 2027.
The oil & gas application segment has been categorized into fracking and other oil & gas applications [frac water pre treatment, water reclamation, and treatment of tank batteries & salt water disposal system (SWD)]. The other oil & gas application segment is projected to grow at the CAGR of around 5.5% over the forecast period.
The oral care application of chlorine dioxide is anticipated to see sizable growth at a CAGR of approximately 7.0% over the forecast period. The eyecare application segment is predicted to account for up to 2% of the chlorine dioxide market by 2027.
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The others application segment is expected to reach a valuation of around USD 51.5 million by the end of 2027. Other applications of chlorine dioxide include products like mouthwashes, dentistry products, and households cleaning products.
In the regional landscape, the Latin America chlorine dioxide market is expected to be valued at over USD 61.5 million by 2027. The Middle East and Africa chlorine dioxide market is estimated to expand at a CAGR of about 7.5% through the forecast period.