Report Code: A07985 | Pages: NA | Mar 2023 | 949 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Chlorine Compressor Market
Request Now !Chlorine is a chemically active nonmetal, an element that is comprised in a group of toxic gases, with sharp odor, yellow-green color, and heavier than air. The chemical activity enables creating compounds with a large number of the periodic system elements. Chlorine compressors play important role in transfer and recovery of chlorine. However, chemical leasing is estimated to restrain the market in the coming years. Centrifugal compressors and liquid ring compressors with horizontally split casing are the product types that could be explored in chlorine compressors over 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 is attributed to the fact that these compressors can handle chlorine in liquid state. Furthermore, chlorine gas is used for large applications in the chemical & petrochemical industries. GARO compressors are used to compress either dry or wet chlorine in the production process.
COVID-19 scenario analysis:
The chlorine compressor market has applications in the chemical industry, and the high product usage drives the market growth.
Chlor-alkali products have been witnessing rise in demand in various end-use industries. This is expected to foster the demand for chlorine compressors over the forecast period. Chlorine is an integral part of the chemical industry as it is the basic inorganic chemical along with fluorine and bromine. It is being used in various places of manufacturing and has immense use in the industry.
Chemical leasing is expected to be a plausible restraint for the chlorine industry in the near future. In chemical leasing model, the responsibility of chemical manufacturers not only includes manufacturing chemicals but also makes the manufacturer 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 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.
Key benefits of the report:
Chlorine Compressor Market Report Highlights
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Key Market Players | Charam Techno Chemical & Equipment (p) Ltd., Devi Hitech Engineers Pvt. Ltd., Elliott Group, Gardner Denver Nash, LLC, Garo - P. Iva, M. H. Industries, Mayekawa Mfg. Co., Ltd., Mikuni Kikai Kogyo Co., Ltd., RefTec International Systems, LLC, Sundyne |
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