The global calcium hypochlorite market was valued at around US$ 5Bn in 2016 and is anticipated to expand at a CAGR of more than 3% from 2018 to2026, according to a new report published by Transparency Market Research (TMR)titled ‘Calcium Hypochlorite – Global Industry Analysis, Size, Share, Growth,Trends, and Forecast, 2018–2026.’ Expansion in the global calcium hypochloritemarket is driven by the rise in demand for fresh water and increase in demandfor calcium hypochlorite in pulp & paper applications. The calciumhypochlorite market in Asia Pacific is anticipated to expand at a CAGR ofaround 4% during the forecast period. Rapid urbanization in developingeconomies such as China and India is estimated to propel the calciumhypochlorite market in the region.
Increase in Demand for Fresh Water and Decrease inSources of Fresh Water Expected to Drive Calcium Hypochlorite Market
According to the World Bank, in 2016, 783 million people across theglobe lacked access to safe drinking water, 2.5 billion people lacked adequatesanitization, and large percentage of hospital beds were populated by peopleafflicted with waterborne diseases. At the current rate, 90% of all availablefreshwater is projected to be consumed in the next 25 years. Consequently,desalination and water reuse is likely to become a vital source of freshwater.Currently, more than 16,000 desalination plants are operational in at least 140countries in the world. More than 100 water reuse facilities are availableacross the globe. These facilities require reliable disinfection technologies,including calcium hypochlorite either in pre- or post-treatment form, toprevent biological fouling within the system or the distribution system. Thus,increase in demand for fresh water and decrease in its sources are anticipatedto boost the demand for calcium hypochlorite in the near future.
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Superior Cost-to-performance Ratio to Create Demandfor Powder Segment
In terms of form, the calcium hypochlorite market can be segmented intopowder, pellet, and granule. The powder segment is anticipated to account forthe major share of the market in terms of volume in the near future owing tothe cost effectiveness of the powder form with respect to other forms.
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Increase in Urbanization in Developing Economies toFuel Water Treatment Applications
In terms of application, the calcium hypochlorite market can be dividedinto water treatment, house cleaners & detergents, agrochemicals, pulp& paper, food & beverage, and others (including algae control inindustrial cooling water systems and general industrial sanitization). Thewater treatment segment dominated the calcium hypochlorite market in terms ofvalue and volume in 2017 due to the extensive usage of calcium hypochlorite inswimming pools across the globe.
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Large Customer Base in Developing Countries of AsiaPacific to Create Opportunities
In terms of region, the global calcium hypochlorite market can besegregated into North America, Europe, Asia Pacific, Latin America, and MiddleEast & Africa. North America and Europe held prominent share of the calciumhypochlorite market, as most of the water treatment companies are wellestablished in these regions. Asia Pacific also constitutes significant shareof the market. The market in Asia Pacific is estimated to expand at a rapid pacedue to the increase in demand for fresh water and decrease in sources of freshwater in the region. The market in Middle East & Africa and Latin Americanis expected to expand at a sluggish pace during the forecast period.
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Key players operating in the calcium hypochlorite market include ChinaPetrochemical Corporation (SINOPEC), Tosoh Corporation, Lonza Group Ltd.,Nippon Soda Co., Ltd, Westlake Chemical Corporation, Sree RayalaseemaHi-Strength Hypo Ltd., Tianjin Kaifeng Chemical Co., Ltd., and YuzhoushiWeilite Chemical Co., Ltd. Companies are investing significantly in newfacilities for the production of calcium hypochlorite. For instance, in March2018, Tosoh Corporation established a new holding company named Tosoh ChinaHoldings Co., Ltd. (Tosoh China) in Shanghai, China. The new company is likelyto help Tosoh Corporation strengthen its position in China.
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