The latest report by IMARC Group, titled “Chlorine Compressors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global chlorine compressors 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.
Chlorine compressors are mechanical devices utilized for compressing chlorine in either liquid or solid forms. They are available in several variants, such as centrifugal, reciprocating, and liquid ring chlorine compressors. They are arranged parallelly and feature a separate start-up by-pass line for gas circulation between suction and discharge points. Chlorine gas, produced by the electrolysis process, is introduced into the compressor to start the compression and liquefaction processes. The obtained chlorine is extensively used as a bleach in manufacturing various products, including paper, clothes, solvents, pesticides, synthetic rubbers, and refrigerants. As a result, chlorine compressors find extensive applications in chemical manufacturing units, oil refineries, and petroleum plants across the globe.
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Chlorine Compressors Market Trends and Drivers:
The global chlorine compressors market is primarily driven by the rapid growth in the chemical industry. Moreover, the rising use of chlorine compressors in manufacturing plants to regulate pressure and ensure a controlled flow of chlorine is positively influencing market growth. Additionally, the increasing demand for chlorine as a vital ingredient to produce organic and inorganic chemicals used in paper and pulp production has catalyzed market growth. Furthermore, the rising use of compressors in manufacturing caustic soda and other chlorine and sodium-based derivatives, such as sodium hypochlorite, poly aluminum chloride, bleaching powder, and chlorinated paraffin, is contributing to the market growth. Other factors, including inflating consumer disposable incomes, launch of novel compressor variants, and the implementation of favorable government policies, are anticipated to propel the market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Liquid Ring Compressors
- Centrifugal Compressors
Breakup by Application:
- Chemical and Petrochemical Industries
- Pharmaceutical
- Others
Market Breakup by Region:
- 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
Competitive Landscape with Key Player:
- 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.
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