[Online Quarterly Update] The Sodium Hypochlorite Market has grown at 12.50 million tonnes in 2020 and is projected to achieve a healthy CAGR of 5.15% in the forecast period until 2030. Sodium Hypochlorite (NaClO) commonly known as liquid bleach is a chlorine compound composed of a Sodium cation and a Hypochlorite anion. It is a highly reactive, volatile, and pale greenish-yellow aqueous solution, which is traditionally used as a household chemical. Sodium Hypochlorite is widely known as an excellent sterilizer, oxidizer, bleaching agent, germicide, and the most effective disinfecting agent. The production of Sodium Hypochlorite is done on a large scale by combining chlorine gas and caustic soda. Due to the strong disinfectant properties of Sodium Hypochlorite, it is largely used as an active ingredient in water treatment and cleaning solutions and helps in preventing health damage from harmful microorganisms. Sodium Hypochlorite act as a chlorinating agent which keeps swimming pools and drinking water safe and works as a key component in the formulation of cleaning solutions for various Grades, including veterinary, food processing, odor removal, and others.
Sodium hypochlorite possesses versatile bleaching properties and is therefore utilized as a bleaching agent in the pulp and paper, and textile industry. The growing demand for Sodium Hypochlorite as it works like a broad-spectrum disinfectant that is effective for the disinfection of viruses, bacteria, fungi, mycobacterium, and other microorganisms by various end-use industries is likely to boost the Sodium Hypochlorite market in the forecast period. Depending upon the type, the Sodium Hypochlorite market is segmented into food grade and industrial grade. Among these, the food-grade segment holds the maximum share in the market as Sodium Hypochlorite is widely used as a biocide and pulp digestion chemical.
On the basis of end-use industries, the Hypochlorite market is segmented into wastewater treatment, agriculture, chemical, textile, medical, and others. The wastewater chemical treatment industry has been the major driver of the Sodium Hypochlorite market owing to rapid urbanization and industrialization especially in emerging economies including China and India. Exponentially increasing demand for bleach by the textiles, and pulp and paper industry is expected to boost the Sodium Hypochlorite market around the world in coming years. The surging demand for Sodium Hypochlorite by the medical industry for disinfecting surgical instruments and hospital rooms is poised to augment the Sodium Hypochlorite market during the forecast period. Rising awareness regarding the continuous and proper disinfection of office spaces, public toilets, malls, complexes, etc is further propelling the demand for Sodium Hypochlorite and is likely to boost the Sodium Hypochlorite market across the globe in the future. However, the hazardous nature of Sodium Hypochlorite owing to its strong oxidizing properties can somewhere hamper the market growth.
The Sodium Hypochlorite market was drastically affected around the world due to the outbreak of coronavirus. Government authorities in several countries imposed countrywide lockdowns and strict social distancing norms which affected the overall demand and sales of Sodium Hypochlorite in the first half of 2020. Major end-use industries including textiles, pulp and paper, water treatment, and others were severely affected due to the outbreak of COVID-19. However, the demand for Sodium Hypochlorite surged during the covid times in the medical industry in order to prevent the spread of the deadly virus.
Among different regions, the Asia Pacific region dominated the global Sodium Hypochlorite market in 2020 and is likely to maintain its dominance until 2030. The dominance of the Sodium Hypochlorite market in the Asia Pacific region was driven by the rapid urbanization and industrialization in emerging countries including China, India, and others. Low cost and easy availability of liquid bleach in the Asia Pacific region will further accelerate the market growth of Sodium Hypochlorite. The rising demand for liquid bleach for cleaning and hygiene purposes is likely to boost Sodium Hypochlorite in North America.
Major players for Sodium Hypochlorite include Odyssey Manufacturing Co., AGC group, Sunbelt Chemical Corporations, Orica Watercare, Solvay Chem, Akzo Nobel, Shanghai Polymet Commodities Ltd., BASF Chemicals, Olin Chlor Alkali, Arkema Group, Ineos, Sumitomo Chemical, Surpress Chem, Aditya Birla, OxyChem Corporation, Hawkins, Inc., and Others.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
• To assess the demand-supply scenario of Sodium Hypochlorite which covers production, demand and supply of Sodium Hypochlorite market globally.
• To analyse and forecast the market size of Sodium Hypochlorite.
• To classify and forecast Sodium Hypochlorite market based on Grade, technology, end-use and regional distribution.
• To identify drivers and challenges for Sodium Hypochlorite market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Sodium Hypochlorite market.
• To identify and analyse the profile of leading players involved in the manufacturing of Sodium Hypochlorite.
To extract data for Sodium Hypochlorite market, primary research surveys were conducted with Sodium Hypochlorite manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Sodium Hypochlorite market over the coming years.
ChemAnalyst calculated Sodium Hypochlorite demand globally by analyzing the historical data and demand forecast which was carried out considering imported Sodium Hypochlorite, styrene prices, monomers used for production of Sodium Hypochlorite. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Sodium Hypochlorite manufacturers and other stakeholders
• Organizations, forums and alliances related to Sodium Hypochlorite distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Sodium Hypochlorite manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Sodium Hypochlorite market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Attribute
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Details
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Market size volume in 2020
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12.50 million tons
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Growth Rate
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CAGR of 5.15% from 2021 to 2030
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Base year for estimation
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2020
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Historic Data
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2015 – 2019
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Forecast period
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2022 – 2030
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Quantitative units
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Demand in tons and CAGR from 2021 to 2030
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Report coverage
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Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
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Segments covered
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• By End-Use: (Wastewater Treatment, Agriculture, Chemical, Textile, Medical, and Others)
• By Grade: (Industrial and Food)
• By Sales: Channel (Direct Company Sale, Direct Import, Distributors & Traders)
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Regional scope
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North America; Europe; Asia Pacific; South America; Middle East & Africa
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Country scope
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United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
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Key companies profiled
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Odyssey Manufacturing Co., AGC group, Sunbelt Chemical Corporations, Orica Watercare, Solvay Chem, Akzo Nobel, Shanghai Polymet Commodities Ltd., BASF Chemicals, Olin Chlor Alkali, Arkema Group, Ineos, Sumitomo Chemical, Surpress Chem, Aditya Birla, OxyChem Corporation, Hawkins, Inc., and Others.
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Customization scope
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Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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