Global Sodium Hypochlorite Market, By Type (Industrial Grade and Food Grade), Feedstock Type (Bleaching, Oxidizing, Disinfection, Deodorizing and Others), End-Use (Water Treatment, Agriculture, Chemical and Others) – Industry Trends and Forecast to 2030.
Sodium Hypochlorite Market Analysis and Size
Rise in demand by paper and pulps industry coupled with growing application for manufacturing water treatment chemicals is the root cause fuelling up the sodium hypochlorite market growth rate. Rising industrialization, surging demand for antimicrobials in the food processing industry and growth and expansion of various end user verticals especially in the developing economies will also directly and positively impact the growth rate of the sodium hypochlorite market. Growth in the demand for medical and household purposes coupled with surge in the technological advancements in industrial chemical manufacturing process will further carve the way for the growth of the sodium hypochlorite market.
Data Bridge Market Research analyses that the sodium hypochlorite market which was USD 244.49 million in 2022, will reach USD 366.77 million by 2030, and is expected to undergo a CAGR of 5.2% during the forecast period. “ Food Grade” dominates the agriculture type segment of the sodium hypochlorite market as sodium hypochlorite is widely used as a biocide and pulp digestion chemical . 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.
Sodium Hypochlorite Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Industrial Grade and Food Grade), Feedstock Type (Bleaching, Oxidizing, Disinfection, Deodorizing and Others), End-Use (Water Treatment, Agriculture, Chemical and Others)
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Countries Covered
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(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)
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Market Players Covered
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Akzo Nobel N.V. (Netherlands), Merck KGaA (Germany), Kemira (Finland), DuPont. (U.S.), Arkema (France), Thermo Fischer Scientific, Inc. (U.S.), ERCO Worldwide (Canada), Chemtrade (Canada), Tronox Holdings plc (U.S.), Ercros S.A (Spain), Inner Mongolia Lantai Industrial Co.,Ltd (U.S.), among other
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Market Opportunities
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Market Definition
Sodium hypochlorite is used as a primary ingredient in laundry bleach and sanitizers. Therefore, sodium hypochlorite is used as cleaning solution and purifier. Sodium hypochlorite is inflammable in its purest form and is highly soluble in water. Sodium hypochlorite acts as an accelerant in presence of flammable substances.
Global Sodium Hypochlorite Market Dynamics
Drivers
- Increasing Need for Clean and Safe Water
Sodium hypochlorite is widely used for water disinfection and treatment in municipal water systems, swimming pools, and wastewater treatment facilities. The increasing need for clean and safe water drives the demand for sodium hypochlorite. Water treatment using sodium hypochlorite is a common practice in various industries and municipal applications to disinfect and purify water. Sodium hypochlorite, commonly referred to as bleach, is a chemical compound with the formula NaClO. It is a strong oxidizing agent and has a long history of use as a disinfectant and sanitizer due to its ability to kill bacteria, viruses, and other microorganisms
- Industrial Applications
It is used in various industrial processes such as pulp and paper production, textile manufacturing, and chemical synthesis. Growth in these sectors can boost sodium hypochlorite demand. Sodium hypochlorite is a powerful bleaching agent used in various industries, including textile, paper and pulp, and the production of household cleaning products. It is effective in removing color and stains from fabrics, paper, and surfaces
Opportunities
- Technological Advancements
Investing in research and development to improve the production process, reduce energy consumption, and enhance safety can create opportunities for innovation.These systems use electrolysis to produce sodium hypochlorite on-site, eliminating the need to transport and store bulk chlorine gas or sodium hypochlorite solutions. Electrochemical generation systems are considered safer and more environmentally friendly
- Partnerships and Alliances
Collaborations with other companies, especially in the water treatment and healthcare sectors, can lead to mutually beneficial opportunities. Partnerships and alliances in the sodium hypochlorite market can be crucial for companies to expand their market reach, enhance their product offerings, and leverage each other's strengths. These partnerships and alliances can occur between manufacturers, distributors, technology providers, and other entities involved in the sodium hypochlorite supply chain
Restraints/Challenges
- Environmental Concerns
The production and use of sodium hypochlorite can result in the release of chlorine gas, which is harmful to the environment. This can lead to stricter regulations and increased costs for emission control. Sodium hypochlorite is a hazardous chemical, and accidental releases or spills can have significant environmental consequences. It is corrosive and can harm aquatic ecosystems if it enters water bodies. Proper storage, handling, and spill response protocols are essential to mitigate these risks
- Regulatory Compliance
Stringent regulations regarding the production, transportation, and disposal of sodium hypochlorite can create compliance challenges for manufacturers. Adhering to manufacturer guidelines and working with experienced HVAC professionals can provide valuable insights and ensure proper maintenance practices are followed. Also, the lack of favorable reimbursement scenarios and technology penetration in the developing economies, heavy custom duty imposed on medical devices, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2023 to 2030
This sodium hypochlorite market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 sodium hypochlorite market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth
Recent Developments
- In May 12, 2023, HUL with BMC and HSBC India launched five new Suvidha Centres in Mumbai, India. With this launch, there are a total of 12 Suvidha Centres in Mumbai, India providing clean sanitation, drinking water, showers, and laundry facilities to over 300,000 people every year
- In September 2020, ThyssenKrupp AG a German multinational conglomerate engaged in industrial engineering and steel production launched an engineered and custom-designed, portable sodium hypochlorite disinfection traveller unit for spraying disinfectant in COVID-19 hotspot areas to help curb the spread of the virus. In September 2020, Hindustan Unilever Limited, India a consumer goods company launched a host of products under its well-established brands in response to rising demand for sanitary products. One of the products was Domex, their toilet cleaner brand that was introduced as a new formulation using sodium hypochlorite, which reduced the chance of infection in public washrooms
Global Sodium Hypochlorite Market Scope
The sodium hypochlorite market is segmented on the basis of type, feedstock type, end-use. The growth amongst these segments will help you analyze 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.
Type
- Industrial Grade
- Food Grade
Feedstock Type
- Bleaching
- Oxidizing
- Disinfection
- Deodorizing and Others
End-Use
- Water Treatment
- Agriculture
- Chemical
- Others
Global Sodium Hypochlorite Market Regional Analysis/Insights
The global sodium hypochlorite market is analysed and market size insights and trends are provided by type, feedstock type, end-use as referenced above.
The countries covered in the sodium hypochlorite market report are 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
Asia-Pacific dominates the farm management software market due to rising industrialization within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 because of the growth and expansion of end user verticals in this region, abundant availability of raw materials, increasing demand for water treatment chemicals and surging requirement for hand sanitizers in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream 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, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape And Sodium Hypochlorite Market Share Analysis
The sodium hypochlorite market competitive landscape provides details by competitors. 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 company’s focus related to the sodium hypochlorite market.
Some of the major players operating in the sodium hypochlorite market are:
- Akzo Nobel N.V.(Netherlands)
- Merck KGaA (Germany)
- Kemira (Finland)
- DuPont. (U.S.)
- Arkema(France)
- Thermo Fischer Scientific, Inc. (U.S.)
- ERCO Worldwide (Canada)
- Chemtrade (Canada)
- Tronox Holdings plc (U.S.)
- Ercros S.A (Spain)
- Inner Mongolia Lantai Industrial Co.,Ltd (U.S.)
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