The global bleaching chemicals market is segmented by chemistry into azodicarbonamide, hydrogen peroxide, ascorbic acid, acetone peroxide, chlorine dioxide and others; by form into powder and liquid; by end-user into pulp & paper, water treatment, textile, construction, healthcare, electronics, food & beverage and others and by regions. Bleaching chemicals market is anticipated to mask a CAGR of 5.9% during the forecast period i.e. 2018-2027.
Currently the global bleaching chemicals market is observing vibrant growth owing to increasing demand of polymer foam in the market. Advances in food and beverage industry in the past few years and growing technological expertise are projected to drive bleaching chemicals market besides the wide range of functions of bleaching chemicals in an immense range of products such as face bleach masks, laundry bleaches, hair bleach serums and more during the forecast period.
As a precursor to decolorizing agent in textile industry, Asia-Pacific is panned to observe substantial Bleaching Chemicals Market growth on account of rising bleaching chemicals usage. North America is expected to follow Asia-Pacific in terms of consumption due to expanding requirements for bleaching chemicals in food & beverage and water treatment industries. Europe is expected to drive demand and positively impact bleaching chemicals market growth over the forecast period owing to increasing bleaching chemicals application for water treatment processes.
In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%.
Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.
On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
Healthcare Companies and Private Service Providers to have a minimal damage Caused by Inflation:
As US govt. remains committed to quality by spending more in the Medicaid and Medicare programs, incentives by govt. to medical devices, pharma companies and biotech to benefit the market players in short and long term goals. In 2021, U.S. spent $12,318/person on healthcare- highest amongst all OECD countries followed by Germany at $7,383. The federal government commitment towards healthcare systems to enable market players expanding their revenues and mitigating the risk posed by the inflation.
Growing Applications due to Rapid Industrialization
Rapid economic development with thriving manufacturing sector on account of rising urbanization as well as industrialization across the developed and developing countries is expected to boost the bleaching chemicals market across the globe.
Growing Application in Healthcare Industry
The growing use of bleaching chemicals in bonding with glass ionomer cements and resin-modified glass ionomer cements for teeth whitening in healthcare in industry is predicted to drive the market robustly over the forecast period. The use of bleaches as disinfectants can help in prevention and treatment of gingivitis.The periodontal disease can be treated at an affordable, efficacious and safe manner by the use of sodium hypochlorite as an antimicrobial agent.
However, ingestion of these chemicals, contact with eyes or skin and inhalation of fumes from bleaching chemicals can lead to harmful health effects resulting in the damage of various organs such as stomach and esophagus which is predicted to restrain the bleaching chemicals market over the forecast period.
The report titled “GlobalBleaching ChemicalsMarket: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global Bleaching Chemicals market in terms of market segmentation by chemistry, by form, by end-user and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global Bleaching Chemicals market which includes company profiling ofArrow-Magnolia International, Inc., Akzo Nobel Eka, Aditya Birla Chemicals, Kemira Oyj, Hercules and Hercules Inc., State Industrial Products Corporation, 3M Company, Ecolab G.K., Hansol Chemicals andBASF. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the global Bleaching Chemicals market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.