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Sodium Hypochlorite Market Overview
Sodium Hypochlorite Market is
forecast to reach $151.8 Million by 2025, after growing at a CAGR of 4.82% during
2020-2025. Sodium hypochlorite market demand is expected to drive global demand
for household applications as well as for industrial municipal water treatment
applications.
Report Coverage
The report: “Sodium Hypochlorite Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Sodium Hypochlorite Market.
Key Takeaways
- In the next ten years, waterborne diseases will be the world's main problem. This water issue provides the demand for sodium hypochlorite with immense opportunities to grow.
- Due to the growing population that results in greater needs for clean water, market demand will rise.
- Sodium hypochlorite is also expected to grow as an oxidizing agent in the chemical industry in the near future.
- Increasing the adoption of sodium hypochlorite for medical and household applications is another factor leading to further fuel the growth of this market over the forecast period.
Type - Segment Analysis
Food grade segment
held the largest share in the Sodium Hypochlorite Market in 2018. It acts as a
neutralizing chemical agent for nerve gas disposal and also biocide and pulp
digestion chemical in endodontic applications by dentists.
Feedstock Type - Segment Analysis
The bleaching agent segment held the
largest share in the Sodium Hypochlorite Market in 2018. In detergents, textiles
and paper, and pulp industries bleaching agent it is used. Due to its
strong oxidation. It is used in both surface and clothing cleaner formulations.
End-use Industry - Segment Analysis
Wastewater
treatment sector has been the primary market for Sodium Hypochlorite for many
years with a CAGR of 4.1%. Sodium hypochlorite, due to it's anti-microbial
properties and the chlorinating agent is widely used in water treatments as a
biocide. It is also used in treating cyanide contamination of industrial
wastewater. The water treatment chemical industry is seeing a rapid increase in
demand as a result of regulatory pressure to properly manage wastewater
released into water bodies from industrial and municipal wastewater. In
addition, this has helped the growth of chemicals like sodium hypochlorite for
treating wastewater.
Geography - Segment Analysis
APAC dominated the Sodium
Hypochlorite Market with a share of more than 35%, followed by North America
and Europe. The Asia Pacific is the leading consumer of sodium hypochlorite for its
large population with large sale use of household bleaching products
Major industrial economies including China, India, Japan, and South
Korea, are sodium hypochlorite's major consumers for use in wastewater
treatment, household products, and chemical industries. Across Asia, China and
India is two of the most populous countries. Both are rapidly increasing, and
the general population is witnessing an increase in disposable income. This
will fuel household product market growth, including detergent and liquid bleach,
which will in turn increase demand for sodium hypochlorite in the country.
Drivers – Sodium Hypochlorite Market
- The rise in industrial waste
water and growing water contamination will drive the market growth
The growing urbanization and industrialization is leading to an increase in industrial wastewater production and driving the global Sodium Hypochlorite market. Projections for a future show that urbanization is increasing due to a gradual shift of the human population to urban areas from rural areas. According to the United Nations, by 2050, 2.5 billion more people would be added to urban areas in which 90% population increase in urban areas would be contributed by Asia and Africa. Increasing urbanization is leading to increased industrialization, which is further increasing wastewater production as well as water contamination.
Challenges – Sodium Hypochlorite Market
- Several
health concerns
Instability and hazardous nature
of the sodium hypochlorite can hinder market growth due to its strong oxidizing
properties.
Market Landscape
In 2018, the market of Sodium Hypochlorite has been consolidated
by the top five players accounting for xx% of the share. Major players in the Sodium
Hypochlorite Market are 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, among others.
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