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Global Hypochlorous Acid Market – Industry Trends and Forecast to 2030

Chemical and Materials

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Global Hypochlorous Acid Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Sep 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Hypochlorous Acid Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 4872.80 Million
Diagram Market Size (Forecast Year) USD 6772.15 Million
Diagram CAGR %

Global Hypochlorous Acid Market, By Product (Sodium Hypochlorite, Calcium Hypochlorite, Others), Application (Sanitizing Agent, Oxidizing Agent, Disinfecting, Others), End Use (Personal Care, Wound Management, Food and Agriculture, Oil and Gas, Water Treatment, Others) - Industry Trends and Forecast to 2030.

Hypochlorous Acid Market

 Hypochlorous Acid Market Analysis and Size

The increase in demand for oxidizing and disinfecting agents in order to provide quality water, acts as one of the major factors driving the growth of hypochlorous acid market. The increase in preference for the healing solution as it aids faster healing because its application results in nearly eight hours of keratinocyte cell line mitigation over other wound healing products such as iodine and rise in the consumer awareness regarding the importance of clean water accelerate the market growth. The high usage of the acid in the manufacturing of calcium hypochlorite (Ca(OCl)2) and  sodium hypochlorite (NaOCl), that are further utilized for manufacturing products such as disinfectants, bleaches, and deodorants and the use of the product in sterilizing bacterial infection by drying out blood cells in the healthcare sector further influence the market.

Data Bridge Market Research analyses that the global hypochlorous acid market which was USD 4,872.8 million in 2022, would rocket up to USD 6,772.15 million by 2030, and is expected to undergo a CAGR of 4.20% during the forecast period of 2023 to 2030.  “Disinfecting” segment is dominating the global hypochlorous acid market due to the increased demand for sanitization and disinfection solutions across various industries, including healthcare, water treatment, food processing, and surface cleaning. . In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Hypochlorous Acid Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2023

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Pricing in USD

Segments Covered

Product (Sodium Hypochlorite, Calcium Hypochlorite, Others), Application (Sanitizing Agent, Oxidizing Agent, Disinfecting, Others), End Use (Personal Care, Wound Management, Food and Agriculture, Oil and Gas, Water Treatment, Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered


BASF SE (Germany), Lenntech B.V. (Netherlands), Arkema (France), Nouryon (Netherlands), Lonza (Switzerland), Kuehne Company (U.S.), Tosoh Corporation (Japan), Aditya Birla Chemicals (India), Surpass Chemical Company, Inc. (U.S.), Ultrapure HOCL (Pty) Ltd (South Africa), AGC Chemicals Americas (U.S.), Westlake Chemical Corporation (U.S.), Tianjin Ruifuxin Chemical Co., Ltd. (China), INOVYN (U.K.), Olin Corporation (U.S.), Occidental Petroleum Corporation (U.S.), The Clorox Company (U.S.), Aqualution Systems Ltd (U.K.), Chemtex Speciality Limited (India), AEOLUS SUSTAINABLE BIOENERGY PVT. LTD. (India), EcoCare Technologies (U.S.)

Market Opportunities

  • Increasing Demand for Disinfectants and Sanitizers
  • Growing Applications in Water Treatment
  • Expanding Use in Healthcare and Pharmaceuticals

Market Definition.

Hypochlorous acid refers to a weak acid formed by dissolving chlorine in water and possesses microbial and oxidizing properties. The product is extensively used as a disinfectant agent in medical, water treatment, and food additives in food and beverages sector and also, employed in various end-user industries such as water treatment, wound management, oil and gas, and personal care. Two type of hypochlorous acid available are sodium hypochlorite and calcium hypochlorite.

Global Hypochlorous Acid Market Dynamics

Drivers

  • Increasing Demand for Water Treatment Solutions

The global hypochlorous acid chloride market is driven by the growing demand for effective water treatment solutions. Hypochlorous acid chloride, a powerful disinfectant and sanitizer, is widely used in water treatment processes to eliminate bacteria, viruses, and other harmful microorganisms, thereby ensuring safe drinking water and preventing the spread of waterborne diseases.

  • Growing Importance of Food Safety and Sanitation

The increasing emphasis on food safety and sanitation is driving the demand for hypochlorous acid chloride in the global market. Hypochlorous acid chloride is a potent antimicrobial agent that can be used to sanitize food processing equipment, surfaces, and utensils, helping to maintain high standards of hygiene and prevent contamination during food production, processing, and handling.

Opportunity

  • Expansion in Healthcare and Medical Applications:

An opportunity in the global hypochlorous acid chloride market lies in its expansion into healthcare and medical applications. Hypochlorous acid chloride has excellent antimicrobial properties and can be used for wound care, disinfection of medical equipment, and as a surface sanitizer in healthcare facilities. With the growing focus on infection control and prevention, there is a potential for increased adoption of hypochlorous acid chloride in the healthcare sector.

Restraint/Challenge

  • Cost and Stability Issues

 One of the main challenges in the global hypochlorous acid chloride market is the cost and stability of the product. Hypochlorous acid chloride is a relatively expensive compound to produce, which can limit its widespread adoption in certain industries. In addition, hypochlorous acid chloride can be unstable and has a relatively short shelf life, requiring careful handling and storage considerations. Overcoming these cost and stability challenges will be crucial for the market's sustained growth.

  • Regulatory Constraints and Environmental Concerns:

Regulatory constraints and environmental concerns pose a restraint to the global hypochlorous acid chloride market. The use and production of hypochlorous acid chloride are subject to regulatory standards and guidelines, which can vary across different regions and industries. In addition, there is increasing scrutiny on the environmental impact of chemical compounds, including hypochlorous acid chloride. The global market may face challenges in complying with regulatory requirements and addressing environmental concerns, which can impact its growth and adoption in certain sectors.

This global hypochlorous acid  market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global hypochlorous acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • On Jan 2022, National Library of Medicine conducted a study and published an article based on  Possible Use of Hypochlorous Acid and a Smart Prefabricated Sanitizing Chamber to Reduce COVID-19 Exposure Related to Workplace

Global Hypochlorous Acid Market Scope

The global hypochlorous acid market is segmented on the basis of product, application and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

PRODUCT

  • SODIUM HYPOCHLORITE
  • CALCIUM HYPOCHLORITE
  • OTHER

APPLICATION

  • SANITIZING AGENT
  • OXIDIZING AGENT
  • DISINFECTION
  • OTHERS

END USE

  • PERSONAL CARE
  • WOUND MANAGEMENT
  • FOOD AND AGRICULTURE
  • OIL AND GAS
  • WATER TREATMENT
  • OTHERS

Global Hypochlorous Acid Market Regional Analysis/Insights

The global hypochlorous acid market is analysed and market size insights and trends are provided by product, application and end use as referenced above.

The countries covered in the global hypochlorous acid market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and rest of South America as part of South America. 

North America dominates the global hypochlorous acid market because of the increasing demand for wound healing solutions, prevalence of chronic wounds among geriatric population and incidences of diabetes within the region.

Europe is expected to witness significant growth in the global hypochlorous acid market during the forecast period because of the high usage in manufacturing sanitizers for food and beverage industry for sanitizing food preparations areas, counter tops, tables, and grills in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Hypochlorous acid Market Share Analysis

The global hypochlorous acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global hypochlorous acid market.

Some of the major players operating in the global hypochlorous acid market are:

  • BASF SE (Germany)
  • Lenntech B.V. (Netherlands)
  • Arkema (France)
  • Nouryon (Netherlands)
  • Lonza (Switzerland)
  • Kuehne Company (U.S.)
  • Tosoh Corporation (Japan)
  • Aditya Birla Chemicals (India)
  • Surpass Chemical Company, Inc. (U.S.)
  • Ultrapure HOCL (Pty) Ltd (South Africa)
  • AGC Chemicals Americas (U.S.)
  • Westlake Chemical Corporation (U.S.)
  • Tianjin Ruifuxin Chemical Co., Ltd. (China)
  • INOVYN (U.K.)
  • Olin Corporation (U.S.)
  • Occidental Petroleum Corporation (U.S.)
  • The Clorox Company (U.S.)
  • Aqualution Systems Ltd (U.K.),
  • Chemtex Speciality Limited (India)
  • AEOLUS SUSTAINABLE BIOENERGY PVT. LTD. (India)
  • EcoCare Technologies (U.S.


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The hypochlorous acid market size will be worth USD 6,772.15 million by 2030.
The growth rate of the hypochlorous acid market is 4.20% by 2030.
Increasing Demand for Water Treatment Solutions & Growing Importance of Food Safety and Sanitation are the growth drivers of the hypochlorous acid market.
Product, application and end use are the factors on which the hypochlorous acid market research is based.
Major companies in the hypochlorous acid market areBASF SE (Germany), Lenntech B.V. (Netherlands), Arkema (France), Nouryon (Netherlands), Lonza (Switzerland), Kuehne Company (U.S.), Tosoh Corporation (Japan), Aditya Birla Chemicals (India), Surpass Chemical Company, Inc. (U.S.), Ultrapure HOCL (Pty) Ltd (South Africa), AGC Chemicals Americas (U.S.), Westlake Chemical Corporation (U.S.), Tianjin Ruifuxin Chemical Co., Ltd. (China), INOVYN (U.K.), Olin Corporation (U.S.), Occidental Petroleum Corporation (U.S.), The Clorox Company (U.S.), Aqualution Systems Ltd (U.K.), Chemtex Speciality Limited (India), AEOLUS SUSTAINABLE BIOENERGY PVT. LTD. (India), EcoCare Technologies (U.S.).
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