Global Chlorine Compressors Market is expected to reach USD 83.7 million by 2025. Chlorine is a chemically active nonmetal, an element that is comprised of a group of toxic gases, with a sharp odor and yellow-green color, and is heavier than air. The chemical activity enables the creation of compounds with a large number of periodic system elements. Chlorine compressors play important role in the transfer and recovery of chlorine. The Chlorine Compressors Market is estimated to grow at a significant CAGR over the future period as the scope and its applications are rising enormously across the globe.
However, chemical leasing is estimated to restrain the overall market in the coming years. The chlorine Compressor Market is segmented based on product types, applications, and regions. Centrifugal compressors and liquid ring compressors with horizontally split casing are the product types that could be explored in Chlorine Compressors in the forecast period. Liquid ring compressor accounted for the largest market share of Chlorine Compressors in terms of revenue and is estimated to lead the overall market in the coming years. This may be because; these compressors can handle chlorine in a liquid state.
The market may be categorized based on applications like chemical industry, oil refining & petroleum chemistry, and others that could be explored in the foremost period. Globally, North America accounted for the largest market share of Chlorine Compressors and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be the availability of ethylene low electricity prices and financial retrieval. The United States is a major consumer of Chlorine Compressor in the region, as the occurrence of developed Chlor Alkali market.
Instead, Europe and the Asia Pacific are also estimated to have a positive influence on future growth. The Asia Pacific is the second largest region with a significant market share. However, Asia Pacific is estimated to grow at the fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise the presence of an established chlorine production organization united with the projected volume count to supply to the PVC industry. Developing countries like India, Japan, and China are the major consumers of Chlorine Compressors in the region.
The key players of Chlorine Compressors Market are Mikuni Kikai Kogyo Co., Ltd., and Gardner Denver Nash LLC. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.
Product Outlook (Volume, Units; Revenue, USD Million; 2014 - 2025)
• Liquid Ring Compressors
• Centrifugal Compressors
Regional Outlook (Volume, Units; Revenue, USD Million; 2014 - 2025)
• North America
• the U.S.
• the UK
• the Asia Pacific
• Middle East & Africa
• Central & South America
Research Support Specialist, USA
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