Global Chlorine Compressors Market to Reach US$ 90.8 Million by 2032, Accelerated by Rapid Expansion of Chemical Industry

April 12, 2023 | Chemical & Materials

As per the latest report by IMARC Group, titled "Chlorine Compressors Market Report by Product (Liquid Ring Compressors, Centrifugal Compressors), Application (Chemical and Petrochemical Industries, Pharmaceutical, and Others), and Region 2024-2032," the global chlorine compressors market size reached US$ 70.9 Million in 2023. Chlorine is a greenish-yellow, highly reactive toxic gas. Chlorine compressors are devices used in the compression of chlorine gas. They are crucial in transporting and storing hazardous gas to minimize the risks associated with its handling. They are made of materials, such as stainless steel or nickel alloys, that can withstand the corrosive properties of chlorine gas. When compared with other types of compressors, chlorine compressors can combat high pressures and temperatures. As a result, they are used in a variety of applications, such as water treatment, paper manufacturing, and pharmaceutical production. Currently, reciprocating, rotary screw, and centrifugal compressors are some of the commonly available product variants.

Global Chlorine Compressors Market Trends:

The global market for chlorine compressors is experiencing significant growth, driven by the rapid expansion of the chemical industry. Chlorine compressors play a crucial role in regulating pressure and controlling the flow of chlorine in manufacturing plants. Furthermore, the widespread product adoption as an essential ingredient in producing organic and inorganic chemicals, particularly in the paper and pulp industry, is favoring the market growth. Besides this, the surging product application to manufacture caustic soda and other chlorine- and sodium-based derivatives, such as sodium hypochlorite, poly aluminum chloride, bleaching powder, and chlorinated paraffin, is accelerating the market growth. In line with this, key market manufacturers are launching novel product variants integrated with additional filtration units that are more efficient and reliable and provide better control over the chlorine flow is creating a positive outlook for the market. Moreover, the rising consumer expenditure capacities and the implementation of favorable government policies are impelling the market growth. Looking forward, the market value is projected to reach US$ 90.8 Million by 2032, expanding at a CAGR of 2.7% during 2024-2032.

Market Summary:

By product, the market is bifurcated into liquid ring and centrifugal compressors.
On the basis of application, the market is segregated into chemical and petrochemical industries, pharmaceutical, and others.
Based on region, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the industry has also been examined with some of the key players being 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.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Product, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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
Customization Scope	10% Free Customization
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Global Chlorine Compressors Market to Reach US$ 90.8 Million by 2032, Accelerated by Rapid Expansion of Chemical Industry

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