IMARC Group's report titled "Chlorine Compressors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global chlorine compressors market share. The global market size reached US$ 68.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 82.6 Million by 2028, exhibiting a growth rate (CAGR) of 2.4% during 2023-2028.
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Factors Affecting the Growth of the Chlorine Compressors Industry:
- Thriving Chemical Industry:
The rising adoption of chlorine compressors due to the thriving chemical industry is bolstering the growth of the market. Chlorine is a vital element in chemical manufacturing that is utilized to produce a wide array of products like polyvinyl chloride (PVC), solvents, and various chemicals. Apart from this, the growing demand for compressors to handle chlorine processing and distribution is offering a positive market outlook. Furthermore, advancements in technology and manufacturing processes encourage the development of more efficient and cost-effective chlorine compressors, making them attractive to chemical manufacturers seeking to optimize their operations and enhance productivity.
- Water Treatment and Purification:
The rising demand for chlorine compressors in water treatment and purification systems is supporting the growth of the market. In addition, chlorine is vital in disinfecting and purifying water, which is crucial for public health and industrial processes. Furthermore, industries are seeking reliable solutions for water treatment. Apart from this, the growing demand for potable water due to stringent regulations mandating water quality is offering a positive market outlook. Moreover, the escalating demand for clear water, along with increasing environmental concerns, is contributing to the market growth.
- Expansion of Municipal Infrastructure:
The rising demand for chlorine compressors due to the expansion of municipal infrastructure across the globe is propelling the market growth. Besides this, municipalities are focusing on providing clean water and managing wastewater effectively. In addition, chlorine plays a crucial role in disinfection and purification processes, necessitating the use of compressors for its distribution and injection into water treatment systems. Furthermore, the increasing adoption of chlorine compressors in municipal applications to meet stringent regulatory standards is strengthening the market growth.
Leading Companies Operating in the Global Chlorine Compressors Industry:
- Charam Techno Chemical & Equipment Ltd.
- Devi Hitech Engineers Pvt. Ltd.
- Elliott Group (Ebara Corporation)
- Gardner Denver Nash LLC (Ingersoll Rand)
- M. H. Industries
- Mayekawa Mfg. Co. Ltd.
- Mikuni Kikai Kogyo Co. Ltd.
- RefTec International Systems LLC and Sundyne.
Chlorine Compressors Market Report Segmentation:
By Product:
- Liquid Ring Compressors
- Centrifugal Compressors
Liquid ring compressors represent the largest segment as they offer several advantages, including handling wet and dirty gases, low maintenance requirements, and suitability for handling explosive or hazardous gases.
By Application:
- Chemical and Petrochemical Industries
- Pharmaceutical
- Others
Chemical and petrochemical industries hold the biggest market share due to the stringent safety measures.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America enjoys a leading position in the chlorine compressors market on account of the rising adoption of chlorine compressors in water treatment and purification systems.
Global Chlorine Compressors Market Trends:
The increasing demand for chlorine compressors in PVC manufacturing processes is bolstering the growth of the market. Chlorine serves as a vital raw material in PVC production, making compressors valuable for handling chlorine gas during polymerization and other stages of PVC synthesis. In addition, the versatility of PVC makes it suitable for various industries.
Besides this, advancements in compressor technology, such as improved efficiency, reliability, and automation, enhance the performance and appeal of chlorine compressors to end-users. Furthermore, chlorine is used in various healthcare and pharmaceutical applications, including sterilization and disincfection, which is impelling the market growth.
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