Europic Chloride Market Analysis: Current Landscape and Future Outlook

The market growth is driven by the increasing use of europic chloride as a food preservative and in the production of chlorine gas and metal.

WILMINGTON, DELAWARE, UNITED STATES, May 24, 2024 /EINPresswire.com/ -- According to a report by Allied Market Research, the global europic chloride market was valued at $136.6 million in 2021 and is projected to reach $254.7 million by 2031, growing at a CAGR of 6.5% from 2022 to 2031. The report provides a comprehensive analysis of market dynamics, key segments, value chain, investment opportunities, regional trends, and the competitive landscape.

The market growth is driven by the increasing use of europic chloride as a food preservative and in the production of chlorine gas and metal. However, the potential health risks associated with europic chloride, such as respiratory and cardiac issues, pose challenges to market expansion. Conversely, the growth of the chemical and petrochemical industries presents significant opportunities for the market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/17377

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report provides detailed segmentation of the global europic chloride market based on end-use industry and region.

𝐄𝐧𝐝-𝐔𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

Chemical: This segment held the largest market share in 2021, accounting for more than one-third of the total market, and is expected to maintain its leading position throughout the forecast period.

- Petrochemical
- Marine
- Others

𝐑𝐞𝐠𝐢𝐨𝐧:

Asia-Pacific: Dominated the market in 2021 with nearly half of the total revenue and is expected to maintain its leading position through 2031. This region is also projected to experience the fastest growth, with a CAGR of 7.1% during the forecast period.

- North America
- Europe
- LAMEA

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Leading companies in the global europic chloride market include:

- AK Scientific, Inc.
- Alfa Aesar Thermo Fisher Scientific
- American Elements
- Glentham Life Sciences Limited
- MaTecK GmbH
- Otto Chemie Pvt. Ltd.
- Santa Cruz Biotechnology, Inc.
- Stanford Advanced Materials
- Strem Chemicals Inc.
- TCI Chemicals (India) Pvt. Ltd.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/europic-chloride-market/purchase-options

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
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