The Sodium Hypochlorite market accounted for US$ 229 Mn in 2020 and is expected to reach US$ 347 Mn by 2028 at a CAGR of 5.4% during the forecast period of 2021 to 2028.
Sodium Hypochlorite is commonly used as bleach, antimicrobial agent or disinfectant. Sodium hypochlorite solution can be made from reacting sodium hydroxide solution with chlorine. It is a pale greenish-yellow in color in liquid form. It is also commonly known as household chemical which is widely used as disinfectant. The compound is easily decomposes when put in liquid form, by liberating fumes of chlorine. Hence, it is mainly used as a bleaching agent and disinfectant.
Market Growth Drivers:
|Market||Sodium Hypochlorite Market|
|Market Size 2020||US $229 Mn|
|Market Forecast 2028||US $347 Mn|
|CAGR||5.4 % During 2021 - 2028|
|Analysis Period||2017 - 2028|
|Forecast Data||2021 - 2028|
|Segments Covered||By State, By Storage Technology, By End-User, and By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||
ICL, Vynova, Oxychem, Hawkins Inc., Tessesnderlo Group, Unilever, Chlorotech, Olin Chlor Alkali and others.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
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Sodium hypochlorite traditionally is a household chemical which is used as a disinfectant or a bleaching agent across the world. It is commonly known as the liquid bleach. The major application of sodium hypochlorite is - it acts as a bleaching agent in various ranges of industries such as, Water Treatment, paper and pulp, and detergents. During the COVID-19 pandemic, sanitizer is the most sold product due to awareness of personal hygiene. Currently, there is high demand from healthcare industries as the sodium hypochlorite is utilized as a disinfectant or sanitizer. It is the key ingredient for the products like sanitizer or cleaning products which disinfects the surface. Due to the property to act as a disinfectant, it is in high demand from some other end use industries which manufactures sanitizers, hand wash, and other cleaning products. This is the major reason to drive the market in this pandemic.
Sodium hypochlorite is also used in agriculture, food, waste disposal industries, and others. Mainly sodium hypochlorite is used for water treatment in water treatment plant for disinfection of water. For water treatment the concentration of sodium hypochlorite is high, because higher the concentration fastest will be the process. Sodium hypochlorite is usually used as a biocide in applications of the industries to control the bacteria and slime formation in water systems in paper and pulp mills, power plants, etc. It is also used for treating cyanide waste water, such as, silver cyanide plating solutions and electroplating wastes. Owing to the properties of sodium hypochlorite, there is high demand of it from the end use industries.
The availability of cheap substitutes such as, lithium hypochlorite, calcium hypochlorite, and citric acid can hamper the growth of the market. Another major factor to hamper the growth of the market is, adverse side effects such as, gas poisoning, and lungs can get damaged by the fumes of sodium hypochlorite. If the sodium hypochlorite started decomposing it emits the chlorine fumes which are harmful to the human body, it can affect the front line workers in the manufacturing units.
By application segment, disinfection application dominated the market share over 55% of the revenue in 2020. This due to the high demand of sodium hypochlorite for the production of household cleaning products, for cleaning of swimming pools, and waste water treatment. Sodium hypochlorite is used in production of chemicals which are used in waste water treatment for decades across the world. Increasing number of manufacturing facilities and rising industrialization worldwide, due to this the discharge of industrial waste water in the water bodies is at its peak. Because of this reason it is projected that there will be high demand of sodium hypochlorite in waste water treatment in the future.
Sodium Hypochlorite Market Regional Overview
Middle East & Africa
Regional Insights of Sodium Hypochlorite Market
Asia pacific region dominated the market share over 35% of the revenue in 2020. This is due to rapid increase in urbanization and changing lifestyle in this region. High demand for treated water, rising requirements for sanitizers and personal hygiene products across the countries from this region such as, China, India, Thailand, Indonesia, and others. Moreover, the countries such as, India, Japan, South Korea, Thailand, and others are becoming major hubs for textile industries rapidly due to the cheap and skilled labor, lands at low price, and ease of regulations, because of these reasons there is high demand of sodium hypochlorite as a bleaching agent.
Sodium Hypochlorite Market Competitive Landscape
This section of the report pinpoints various key vendors of the market. Some of the prominent vendors offered in the report include, ICL, Vynova, Oxychem, Hawkins Inc., Tessesnderlo Group, Unilever, Chlorotech, Olin Chlor Alkali and others.
The estimated value of global Sodium Hypochlorite market in 2020 was accounted to be US$229Mn.
The projected CAGR of Sodium Hypochlorite during the analysis period of 2021 to 2028 is 5.4%.
The prominent players of the global Sodium HypochloritemarketinvolveI CL, Vynova, Oxychem, Hawkins Inc., Tessesnderlo Group, Unilever, Chlorotech, Olin Chlor Alkali and others.
Asia Pacific held the dominating share for Sodium Hypochlorite during the analysis period of 2021 to 2028
Asia Pacific region exhibited fastest growing CAGR for Sodium Hypochlorite during the analysis period of 2021 to 2028
Rising demand for sodium hypochlorite in the products such as, detergent, bleaching agent, surface cleaners, cleaning products, hand wash, disinfectant, and color bleaches in household end use.
By application segment, disinfection application dominated the market share over 55% of the revenue in 2020.