According to ChemAnalyst report, “Sodium Hypochlorite Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, Sodium Hypochlorite market has witnessed considerable growth as it reached 12.50 million tonnes in 2020 and is anticipated to achieve a healthy global CAGR of 5.15% in the forecast period until 2030. Due to rapid urbanization and industrialization, the demand of liquid bleach is rapidly increasing for the production of wastewater and is expected to boost the market across the globe in the span of the next ten years. Furthermore, growing demand from end-use industries including paper and pulp, and textiles which largely utilizes Sodium Hypochlorite for bleaching purposes is likely to drive the global market of Sodium Hypochlorite in upcoming years.
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Sodium Hypochlorite commonly known as liquid bleach, is a chlorine compound with the molecular formula NaClO. It is generally composed of a Sodium cation and a Hypochlorite anion. Sodium Hypochlorite is a highly reactive, volatile and pale greenish-yellow aqueous solution, which is widely used as a household chemical. It is a well-known excellent oxidizer, sterilizer, bleaching agent, germicide, and the most effective disinfecting agent. Sodium Hypochlorite is manufactured on a large scale by combining chlorine gas along with caustic soda.
Due to the versatile disinfectant properties of the compound, it is largely utilized as an active ingredient in wastewater treatment and cleaning solutions and helps in preventing health damage from harmful microorganisms. Sodium Hypochlorite act as a chlorinating agent which keeps drinking water and swimming pools safe and works as a crucial component in the formulation of cleaning solutions for several applications, including food processing, veterinary, odor removal, and others. It possesses excellent bleaching properties and is therefore employed as a bleaching agent in the pulp and paper, and textile industry. Rising demand of the compound as a broad-spectrum disinfectant by various end-use industries is expected to boost the Sodium Hypochlorite market over the next few years.
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Global Sodium Hypochlorite Market is segmented on the basis of type, application, end, sales channel and region. Based on different type, the global Sodium Hypochlorite market is segmented into food grade and industrial grade. The food-grade segment holds the largest share in the market around the world as Sodium Hypochlorite is widely used as a pulp digestion chemical. On the basis of end-use industries, the Hypochlorite market is segregated into wastewater treatment, chemical, agriculture, textile, medical, and others. The wastewater treatment industry dominates the Sodium Hypochlorite market globally due to increasing urbanization and industrialization in emerging countries including China and India. Surging demand of bleach by the textiles, and pulp and paper industry is expected to accelerate the market around the world in coming years. Increasing demand of Sodium Hypochlorite by the medical industry for disinfecting surgical instruments and hospital rooms is likely to augment the Sodium Hypochlorite market during the next few years. Rising awareness regarding the proper and continuous disinfection of public toilets, office spaces, malls, complexes, etc is further propelling the demand of Sodium Hypochlorite and is anticipated to fuel the market across the globe. However, the harmful nature of the Sodium Hypochlorite due to its strong oxidizing properties can hinder the market growth of Sodium Hypochlorite in the future.
The Sodium Hypochlorite market was severely affected across the globe due to the outbreak of coronavirus. Leading authorities in various countries imposed countrywide lockdowns and strict social distancing norms, which affected the overall sales and demand of Sodium Hypochlorite during the first half of 2020. Many end-use industries including water treatment, textiles, pulp and paper, and others were drastically affected due to the outbreak of COVID-19. However, the demand of Sodium Hypochlorite increased exponentially during the covid times in the medical industry in order to curb the spread of the deadly virus.
Among different regions, Asia Pacific region dominated the Sodium Hypochlorite market in 2020 and is forecasted to maintain its dominance until the next ten years. The dominance of the Sodium Hypochlorite market in the Asia Pacific region was driven by the increasing population and industrialization in emerging economies including China, India, and others. Low cost and easy availability of liquid bleach in the Asia Pacific region will further bolster the market growth of Sodium Hypochlorite. In North America, surging demand of liquid bleach for cleaning and hygiene purposes is expected to boost the market of Sodium Hypochlorite across the globe.
Sodium Hypochlorite Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating in Sodium Hypochlorite market include Solvay Chem, Aditya Birla, Odyssey Manufacturing Co., AGC group, Sunbelt Chemical Corporations, Orica Watercare, Akzo Nobel, Shanghai Polymet Commodities Ltd., BASF Chemicals, Olin Chlor Alkali, Arkema Group, Ineos, Sumitomo Chemical, Surpress Chem, OxyChem Corporation, Hawkins, Inc., and Others.
“Growing demand of Sodium Hypochlorite from the major end-use industries including wastewater treatment, paper and pulp, and textiles is expected to drive the global Sodium Hypochlorite market in the next ten years. With the gradual shift in the population along with increasing industrialization especially in emerging countries like China, India, Indonesia and others, the demand of clean water is rapidly increasing which is further propelling the demand of Sodium Hypochlorite for the production of wastewater and is expected to boost the global Sodium Hypochlorite market in the next few years. Surging demand from the medical industry for disinfecting surgical instruments will accelerate the global market in the future. Many leading players are expanding their manufacturing units and merging with new companies in order to improve the market footprint.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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