The global sodium hypochloritemarket sizeis projected to reach USD 385.6 million by 2028. The constantdisinfection of malls, public complexes, outer areas, office spaces, and publictoilets is expected to affect growth positively. Several companies are alsonowadays striving to produce unadulterated and premium-quality products to maintainhygiene of employees. In March 2021, for instance, QYK Brands LLC receivedapproval from the California Department of Pesticide Regulations (CDPR) for itsDr. J's Surface Disinfectant Wipes. It claims to kill pathogens, such asSARS-CoV-2. Fortune Business Insights™ presented thisinformation in a new study, titled, “Sodium Hypochlorite Market, 2021-2028.”As per the study, the market stood at USD 261.7 million in2020. It is set to exhibit a CAGR of 5.0% during the forecastperiod between 2021-2028.
ThyssenkruppIntroduces Portable Sodium Hypochlorite Disinfection Trailer Unit
InSeptember 2020, thyssenkrupp Industrial Solutions South Africa (tkISSA)launched its sodium hypochlorite disinfection trailer unit to help spraydisinfectant in COVID-19 hotspot zones. It is portable and custom-designed. Asper the World Health Organization (WHO), the chemical is effective indisinfecting surfaces infected with coronavirus. Hence, the company decided tomake this cutting-edge trailer unit.
HighDemand for Disinfectants amid COVID-19 Pandemic to Affect Growth Positively
TheCOVID-19 pandemic has rapidly expanded the consumer goods industry backed bythe rising concerns of hygiene, health, and cleanliness. The Household andCommercial Products Association (HCPA), for instance, represents companies thatsell and make around USD 180 billion annually of products used fordisinfecting, maintaining, protecting, and cleaning commercial and residentialenvironments. Coupled with this, the rising demand for hand sanitizers islikely to aid growth of the market for liquid bleach amid the pandemic.
To get toknow more about the short-term and long-term impact of COVID-19 on this market,please visit:
ReportCoverage-
Theresearch report of this industry includes an accurate study of various regionsand countries. It was created by our analysts after studying and observingnumerous factors that determine regional growth, such as political,technological, social, economic, and environmental status of the region. Thecompetitive landscape section was developed to aid you better understand thepartnerships that key players are focusing on to compete globally.
Drivers& Restraints-
IncreasingTrend of Bleaching Clothes at Home to Enhance Fashion Sense will Aid Growth
The risingtrend of home bleaching clothes to improve one’s fashion sense and enhance theouter appearance would augment the sodium hypochlorite market growth in thenear future. Coupled with this, the ongoing COVID-19 pandemic has increased theneed for disinfecting surgical instruments, hard surfaces, and wipes to preventtransmission. However, fumes produced by sodium hypochlorite can damage lungsand cause gas poisoning, thereby limiting its demand.
BrowseComplete Report Summary @ https://www.fortunebusinessinsights.com/sodium-hypochlorite-market-105064
Segments-
WaterTreatment Segment Dominated in 2020 Owing to Surging Demand for Drinking Water
Byapplication, the market for NaOCl is fragmented into water treatment, paperindustry, textile industry, medical, and others. Amongst these, the watertreatment segment remained in the dominant position in 2020 stoked by therising demand for clean drinking water in malls, residential structures,offices, and homes. Also, the urgent need for clean water in bathing areas,swimming pools, and ponds would accelerate growth. The paper industry segment,on the other hand, held 18.8% and 19.3% interms of the market share globally and in China, respectively. The product ismajorly used as a bleaching agent in this industry.
RegionalInsights-
AsiaPacific to Lead Fueled by Rising Demand for Treated Water in China
- Asia Pacific: The region stood at USD 109.8 million in 2020 in terms of revenue and is anticipated to lead the market throughout the forthcoming years. The easy availability of raw materials and cost-efficient labor would drive growth. Also, the high demand for treated water, especially in China would spur growth.
- North America: It is estimated to grow significantly in the near future because of the high demand for sodium hypochlorite from the medical industry. This would mainly occur because of the need to disinfect surgical equipment, hand surfaces, and beds & tables.
- Europe: The region would grow substantially in the upcoming years. This growth is attributable to the rising usage of the product in diluted bleaches, surface cleaners, and detergents. Additionally, the rapid economic development in France, Germany, and the U.K. is expected to aid growth
CompetitiveLandscape-
KeyPlayers Aim to Gain Competitive Edge by Launching Innovative Products
Themarket houses several companies that are rapidly adopting strategies, such ascapacity expansions, new product development, acquisitions, and portfolioimprovement to compete with their rivals. ICL, for instance, is one of theleading producers of the chemical. Similarly, Hawkins provides bleach and hasnumerous facilities for distribution.
A list ofrenowned sodium hypochlorite manufacturers presents in the global market:
- PCC Group (Poland)
- thyssenkrupp (Germany)
- Marsina Engineering Srl (Italy)
- OxyChem Corporation (U.S.)
- Tessenderlo Group (Belgium)
- Olin Corporation. (U.S.)
- Vynova Group (Belgium)
- Ennore India Chemical International (India)
- Hawkins, Inc. (U.S.)
- ICL (UK)
- Other Key Players
