Global Sodium Hypochlorite Market was valued at US$ XXX Bn in 2019 and is expected to reach US$ XXX Bn by 2027, at a CAGR of XXX % during forecast period.
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Sodium hypochlorite is a principally used in household and cleaning applications in the United States. It's use in household has increased over last few years over the concerns of infectious deceases. Household and laundry use contribute to the about 60% of the total market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Global demand for household applications of sodium hypochlorite is expected to grow at XX% during forecast period.
Industrial and municipal water treatment application are expected to drive the demand of Sodium hypochlorite market and are expected to keep the growth of XX% and XX% respectively. APAC region will be the largest contributor to the growth
The World Bank estimates that XXX million people globally lack of access to safe drinking water, 3 billion lack adequate sanitation. Waterborne deceases will be the key challenge before the world in next ten years. Water issue is creating an opportunity for the sodium hypochlorite market players.
The municipal water treatment industry is expected to dominate the water treatment industry. The water treatment industry is anticipated to continue its dominance during the forecast period, owing to the increasing population that leads to higher need for purified water.
Furthermore, increasing adoption of sodium hypochlorite for medical and household applications is another factor expected to further fuel growth market over the forecast period. Rising use of sodium hypochlorite as an oxidizing agent in chemical industry is also expected to growth of the target market in the near future. Report has studied the all the driving factors by each region to make the decision makers understand the market dynamics.
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Increasing demand for sodium hypochlorite from water treatment industry is a main factor propelling growth of the global sodium hypochlorite market. Furthermore, increasing adoption of sodium hypochlorite for medical and household purposes is another factor expected to further fuel growth of the target market over the forecast period. Rising use of sodium hypochlorite as an oxidizing agent in chemical industry is also expected to growth of the target market in the near future.
Geographically, Asia Pacific dominates the sodium hypochlorite market and it is likely to continue sodium hypochlorite market dominance during the forecast period. Owing to rapidly increasing water treatment industries in region. The market in North America and Europe is also expected to record significant growth over the forecast period, owing to rising demand for sodium hypochlorite from various industries such as pharmaceutical and healthcare. The market in South America and Middle East & Africa is expected to register moderate growth during the forecast period.
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Global Sodium Hypochlorite Market, by Feedstock Type
• Bleaching
• Oxidizing
• Disinfection
• Deodorizing
• Others (Endodontics, Nerve agent neutralization)
Global Sodium Hypochlorite Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Global Sodium Hypochlorite Market, by End User
• Water Treatment
• Agriculture
• Chemical
• Paint
• Others (Pharmaceutical, Textiles, Healthcare and Domestic)
Key Players Operating In Global Sodium Hypochlorite Market:
• Odyssey Manufacturing Co.
• AGC group
• Sunbelt Chemical Corporations
• Orica Watercare
• Shanghai Polymet Commodities Ltd.
• Solvay Chem
• Akzo Nobel
• BASF Chemicals
• Olin Chlor Alkali
• Arkema Group
• Surpress Chem
• Ineos
• Sumitomo Chemical
• Aditya Birla
• PCC Group
• Thyssenkrupp
• Marsina Engineering Srl
• OxyChem Corporation
• Tessenderlo Group
• Vynova Group
• Hawkins, Inc.
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