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Global Sodium Hypochlorite Market it is anticipated to reach a market value of US$ XX Bn by 2027
Bizizz Market Research has recently published a research report, “Sodium Hypochlorite Market By application Type (Water Treatment, Textiles, Residential Pool Treatment, Laundry Bleaching, Disinfectants, Paper & pulp and Others (pharmaceuticals, textiles, healthcare and domestic)), type (Oxidizing, Bleaching, Odor removal and Water disinfection), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 - 2027”.
As per the report, Global Sodium Hypochlorite Market was valued at US$ XX Bn in 2018 and it is anticipated to reach a market value of US$ XX Bn by 2027, witnessing a CAGR of 4.8 % during the forecast period. Key drivers of the market are rise in infectious diseases such as COVID-19 coupled with huge demand from global markets of various countries.
The Sodium hypochlorite as a primary composition utilized as bleach in household and in stain removal detergents globally are factors considerably plunging the demand of Sodium hypochlorite. This is used as a biocide and chlorinating agent by different industries along with water treatment facilities worldwide. The basic tests carried out on the SARS-CoV by the application of sodium hypochlorite is playing a vital role in disinfecting the COVID-19 microbe according to a report of the National centre for disease control. This disinfectant is widely applied among surfaces such as floor, mobs, mirrors, metals and plastics etc. Sodium hypochlorite exhibits substantial disinfectant properties when used are promoting its application in the current scenario of treating COVID-19 in the global market.
The Sodium Hypochlorite market is anticipated to register a CAGR of over 4.8% during the forecast period.
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By Application, the disinfectant segment held a prominent share in Global Sodium Hypochlorite Market in 2018.
The usage of Sodium hypochlorite is huge as a disinfectant and in removing the foul smell, especially in the water treatment facilities. The market of Sodium Hypochlorite is found significant in the municipal water treatment facilities that led to the usage of sodium hypochlorite globally. The demand for sodium hypochlorite is high in the water treatment industry as a disinfectant that is projected to rapidly grow and dominate during the forecast period. This could be attributed to a rising population that increased the need for safe drinking water. Amid huge water pollution currently across the globe, there is widespread of COVID-19 that requires the application of sodium hypochlorite in disinfecting the deadly microbe worldwide.
Asia Pacific region is Anticipated to Dominate the Global Sodium Hypochlorite Market during the Forecast Period.
The Asia Pacific market for sodium hypochlorite is exhibiting high market growth driven by increased demand from household bleaching to cater to the demand of the large population. The Asia- Pacific market has vital industrial economies including India, China Japan and South Korea are important consumers in the market of sodium hypochlorite that uses sodium hypochlorite in wastewater treatment facilities, disinfectants, household products, dental care and chemical industry. China and India being populous are situated in Asia are significant market players in the manufacturing of sodium hypochlorite.
Global Sodium Hypochlorite market was highly fragmented among the number of local and global players. The companies offering Sodium Hypochlorite are expanding their market presence by adopting diversification strategies to increase their competency in the global market.
Prominent players operating in the Global Sodium Hypochlorite Market are Orica Watercare, Olin Chlor Alkali, AGC group, Sunbelt Chemical Corporations, Shanghai Polymet Commodities Ltd., Solvay Chem, Arkema Group, Akzo Nobel, BASF Chemicals, Odyssey Manufacturing Co., Surpress Chem, Ineos, Sumitomo Chemical, Aditya Birla, among others.
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