The global demand for Sodium Hypochlorite Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX KT in 2019 and foreseen to touch XX KT by 2026 with a CAGR of XX% during 2020-2026.
Sodium hypochlorite is a chemical compound having a formula NaOCl, and it is clear, yellowish in color, and has a characteristic odor. Sodium hypochlorite can be obtained using two methods. The first method involves a concentrated brine solution of dissolved salts and soft water electrolyzed to form sodium hypochlorite water solution. The second method consists of chlorine gas's addition to caustic soda, thus forming a sodium hypochlorite solution, water, and salt. Sodium hypochlorite is mainly used in the water treatment industry. It can be effectively used as a bleaching agent to remove foul smell from water, surface cleaner, and water disinfectant. Earlier, it was used as a bleaching agent for cotton fabric. Hypochlorite aid in removing stains from clothes. The sodium hypochlorite market finds numerous end-users applications, including agriculture, water treatment, chemical, paint, and waste disposal. It is widely used as a disinfectant.
The Growing demand for sodium hypochlorite from water treatment and chemical manufacturing manufactures and sanitizer producers globally are anticipated to remain key factors for market growth. The product finds its significance application as a bleaching agent across various industries, including pulp and paper, detergents, and textiles. In addition to this, the recent COVID-19 global pandemic, one of the sectors that reflected immense sales globally, is the sanitizer sector. The impact of the virus spread led to the realization of personal hygiene's essence, which led to the consumption of hand sanitizers and other disinfectant products. Sodium hypochlorite is the main raw-material consumed in formulating these hygiene and disinfectant products globally. However, the instability and hazardous nature of sodium hypochlorite due to its strong oxidizing properties might hamper the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of sodium hypochlorite.
The entire Sodium Hypochlorite market has been sub-categorized into application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Cleaning & Disinfection
- Water Treatment
- Swimming Pool Sanitization
- Pulp & Paper
- Chemical Manufacturing
This section covers regional segmentation which accentuates on current and future demand for sodium hypochlorite market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Sodium Hypochlorite Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the sodium hypochlorite market include OxyChem, Tessenderlo Group, Chlorotec, Unilever, Olin Chlor Alkali, Ennore India Chemicals, Vynova, Hawkins Inc., ICL, AG Chemi Group. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.