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Global Sodium hypochlorite Market was Valued at US$ XX Mn in 2019 and it is Expected to Reach More than US$ XX Mn by 2028, Likely to Grow with the CAGR of 4.8% During the Forecast Period.
Globally the usage of Sodium hypochlorite is primarily as a basic composition in household bleaches and stain removal detergents. It is also applicable as a biocide and chlorinating agent among industries as well as water treatment plants globally. The preliminary tests carried on SARS-CoV exhibited that sodium hypochlorite is an effective disinfectant in treating COVID-19 microbe as per the report of the National centre for disease control. The disinfectant is widely used on various substrates such as the floor, mobs, mirrors, metals and plastics etc. Because of its disinfectant properties the customers are highly demanding Sodium Hypochlorite in the contemporary market. The sodium hypochlorite could also be utilized as a bleaching agent among different industries constituting of textiles, paper & pulp, municipal water treatment and laundry. This could also be attributed to various advantages including associated with this such as odour reduction, water disinfection and surface purification, among others. The market growth of sodium hypochlorite is also due to its neutralizing nature as a chemical agent in nerve gas disposal and applied in biocide and pulp digestion chemical for endodontic usage by dentists. Such vital factors are propelling the demand for sodium hypochlorite in the current global market.
Rising Chemical Industry In Developing Countries To Drive The Demand For Sodium Hypochlorite
Globally the Chemical industry is exhibiting substantial market growth attributed to huge demand from various industries for different usages. The chemical companies are also diversifying their product portfolio in the related chemical derivatives to tap the market opportunities. The rise in the demand for sodium hypochlorite in the context of COVID-19 outbreak recently had substantially contributed to the chemical companies globally.
Disinfectant Segment Held A Prominent Share In Global Sodium Hypochlorite Market In 2019
The application of Sodium hypochlorite is in large scale as a disinfectant and in the removal of foul smell, especially in the water treatment facilities. The market of Sodium Hypochlorite is found lucrative in the municipal water treatment facilities that led to the usage of sodium hypochlorite in these facilities that have plunged its demand globally. The demand for sodium hypochlorite is high in the water treatment industry that is projected to rapidly grow in its dominance during the forecast period. This could be attributed to a rising population that contributes to the increased need for safe drinking water. Amid such water pollution currently across the globe, there is widespread of the COVID-19 the application of sodium hypochlorite has been considered as a vital element in disinfecting this deadly microbe worldwide. The countries are adversely affected by the deadly infection of COVID-19 which are highly utilizing sodium hypochlorite in disinfecting the healthcare facilities as well as civil infrastructure in the globally. Such heavy usage of this potential chemical element has plunged the market growth of sodium hypochlorite worldwide in order to prevent the rapid spread of COVID-19.
The Asia-Pacific Region Is Projected To Register The Highest Growth In The Sodium Hypochlorite Market During The Forecast Period
The market of sodium hypochlorite is observed high in the Asia Pacific region that is driving its high sales mostly in the household bleaching products in order to contribute to the large population. In the Asia- Pacific region the important industrial economies such as China, India, Japan and South Korea are considered as vital consumers of sodium hypochlorite in the usage of sodium hypochlorite for wastewater treatment, household products, dental care and chemical industry. Highly populated nations including China and India are situated in Asia. Both these countries are growing exponentially exhibiting an increase in the purchasing power. Such trends in the global market are anticipated to propel the market growth of sodium hypochlorite.
Global Sodium Hypochlorite market is fragmented among the number of local and global players. The organizations involved in the production of sodium hypochlorite are focused on expanding their market presence through investment and merger and acquisitions.
Key players operating in the global Sodium Hypochlorite market are Olin Chlor Alkali, AGC group, Sunbelt Chemical Corporations, Orica Watercare, Shanghai Polymet Commodities Ltd., Solvay Chem, Akzo Nobel, BASF Chemicals, Odyssey Manufacturing Co., Arkema Group, Surpress Chem, Ineos, Sumitomo Chemical, Aditya Birla
Global Sodium Hypochlorite Market Key Segments:
Global Sodium Hypochlorite Market, By Application
- Water Treatment
- Residential Pool Treatment
- Laundry Bleaching
- Paper & pulp
- Others (pharmaceutical, textiles, healthcare and domestic)
Global Sodium Hypochlorite Market, By Type
- Odor removal
- Water disinfection
Global Sodium Hypochlorite Market, By Region
- North America
- Asia Pacific
- Middle east and Africa
- Latin America