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), Country (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) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Hypochlorous Acid Market
The hypochlorous acid market is expected to witness market growth at a rate of 0.85% in the forecast period of 2021 to 2028 and is expected to reach USD 179 million by 2028. Data Bridge Market Research report on hypochlorous acid market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for its healing application is escalating the growth of the market.
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.
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. Additionally, cost effectiveness of the product, non-toxicity to humans and animals, high usage in industrial and manufacturing sectors and use , high usage in industrial and manufacturing sectors positively affect the hypochlorous acid market. Furthermore, research and development and demand in the cosmetic sector extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, the risk of explosion in the concentrated form of hypochlorous acid is expected to obstruct the market growth. The concerns regarding the ill effects on health if inhaled such as nausea and abdomen pain is projected to challenge the hypochlorous acid market in the forecast period of 2021-2028.
This 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, geographical expansions, technological innovations in the market. To gain more info on 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.
Hypochlorous Acid Market Scope and Market Size
The hypochlorous acid market is segmented on the basis of product, application and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the hypochlorous acid market is segmented into sodium hypochlorite, calcium hypochlorite and others.
- On the basis of application, the hypochlorous acid market is segmented into sanitizing agent, oxidizing agent, disinfecting and others.
- On the basis of end use, the hypochlorous acid market is segmented into personal care, wound management, food and agriculture, oil and gas, water treatment and others.
Global Hypochlorous Acid Market Country Level Analysis
The hypochlorous acid market is analyzed and market size, volume information is provided by country, product, application and end use as referenced above.
The countries covered in the globally 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 Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the 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 during the forecast period of 2021 to 2028 because of the high usage in manufacturing sanitizers for food & 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Hypochlorous Acid Market Share Analysis
The 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 hypochlorous acid market.
The major players covered in the hypochlorous acid market reports are BASF SE, Lenntech B.V., Arkema, Nouryon, Lonza., Kuehne Company., Tosoh Corporation, Aditya Birla Chemicals, Surpass Chemical Company, Inc., Ultrapure HOCL (Pty) Ltd, AGC Chemicals Americas, Westlake Chemical Corporation, Tianjin Ruifuxin Chemical Co.,Ltd., INOVYN., Olin Corporation., Occidental Petroleum Corporation, The Clorox Company., Aqualution Systems Ltd, Chemtex Speciality Limited ., AEOLUS SUSTAINABLE BIOENERGY PVT. LTD., and EcoCare Technologies among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Hypochlorous Acid Market
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