by Sodium hypochlorite is a yellowish-green solution that is used for disinfecting and bleaching applications. It finds wide usage in water treatment, household cleaning, pulp & paper bleaching among others owing to its powerful oxidizing and bleaching properties.
The global Sodium Hypochlorite Market is estimated to be valued at US$ 67.69 Mn or Mn in 2023 and is expected to exhibit a CAGR of 28.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Sodium hypochlorite is majorly used in municipal water treatment plants globally. Stringent regulations regarding provision of clean drinking water are prompting investments in water treatment infrastructure which is driving its consumption. Growing focus on sanitation and cleaning activities amid Covid-19 pandemic is also boosting demand. Additionally, usage of sodium hypochlorite as disinfectant in healthcare facilities and agriculture is expected to provide new growth avenues over the forecast period.
SWOT Analysis
Strength: Sodium hypochlorite is highly effective as a disinfectant and bleach. It is widely used for water treatment, cleaning various surfaces, disinfection of medical equipment.
Weakness: Sodium hypochlorite is toxic if ingested or contacted. Long term exposure can damage skin and eyes. It degrades quickly in sunlight.
Opportunity: Growing demand from end use industries like water treatment, household cleaning, healthcare is driving the market growth. Increasing awareness about health and hygiene is supporting the market expansion.
Threats: stringent regulations pertaining to the toxic nature of sodium hypochlorite.Availability of alternative disinfectants may hamper the sodium hypochlorite market.
Key Takeaways
Global Sodium Hypochlorite Market Size is expected to witness high growth, exhibiting a CAGR of 28% over the forecast period, due to increasing demand from water treatment industry. Sodium hypochlorite is widely used as a disinfectant in municipal water treatment plants across regions.
Regional analysis
Asia Pacific dominates the global sodium hypochlorite market and is expected to continue its dominance over the forecast period. Expanding population, industrial growth, increased investments in water treatment infrastructure in Asia Pacific boost the regional market. China and India are the key countries expected to drive the market.
North America is expected to grow at a significant rate owing to strict regulations regarding clean water supply and wastewater treatment.
Key players operating in the sodium hypochlorite market are BASF Chemicals, Odyssey Manufacturing Co., Aditya Birla, AGC group, Orica Watercare, Akzo Nobel, Shanghai Polymet Commodities Ltd., Sumitomo Chemicals, Solvay Chem, Sunbelt Chemical Corporations, Arkema Group, Surpress Chem, and Ineos.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
