Chlorine Compressor Market to Reach a Demand of 6,466 Units by 2025
by Susan Hill Business ConsultantThe global chlorine compressors market is expected to reach USD
83.7 million by 2025, according to a new report by Grand View Research, Inc.
Chlor-alkali products have been witnessed a rising demand in various end-use
industries. This is in turn expected to foster the demand for chlorine
compressors over the forecast period. Chlorine is an integral part of chemical
industry, being an important basic inorganic chemical along with fluorine and
bromine.
Chemical leasing is expected
to be a plausible restraint for chlorine industry in the near future. In
chemical leasing model, the responsibility of chemical manufacturers not only
includes manufacturing chemicals, but also includes the manufacturer is also
responsible for its disposal. Chemical leasing was introduced with the help of
the government of Austria and implemented in 2014 by the United Nations
Industrial Development Organizations (UNIDO).
As per the UNIDO mandate,
companies have to bear the cost of recycling the chemicals that they
manufacture. By this process, the profit margins may decrease, which will
eventually decrease the market size, thereby reducing the number of producers
in the value chain. These regulations related to chlorine are likely to pose a
challenge to chlorine compressor manufacturers.
Major market participants,
such as Gardner Denver Nash LLC. and Mikuni Kikai Kogyo Co., Ltd., have
established themselves as manufacturers and suppliers. Small enterprises enter
the market space by establishing themselves as dealers. These dealers
facilitate key manufacturers to display their products in new markets, thus
saving on facility costs.
Further key findings from the report suggest:
- The chlorine compressor market is
expected to reach a demand of 6,466 units by 2025, growing at an estimated
CAGR of 1.6% over the forecast period
- The liquid ring compressor segment is
expected to have the largest consumption in chlorine compressor
market
- Liquid ring compressors are expected to
have a higher demand than centrifugal compressors owing to their ability
to handle chlorine in liquid state
- Asia Pacific is anticipated to hold the
largest market share
- Availability of a mature chlorine
production infrastructure coupled with the proposed capacity addition to
cater to PVC industry demand in Asia Pacific is expected to positively
influence the demand for chlorine compressors in the coming years
- The U.S. is expected to record the
highest demand for chlorine compressors owing to the presence of mature
chlor-alkali market over the forecast period
Access full research report on global chlorine
compressors market:
www.grandviewresearch.com/industry-analysis/chlorine-compressors-market
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Created on Mar 25th 2020 12:53. Viewed 350 times.