Chlorine Compressors Market Size Worth $83.7 Million by 2025

Friday 24 November 2017, Amsterdam

The 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.