Sodium Hypochlorite Market size was estimated at $118.6 Million in 2019 and is expected to reach $166.8 Million by 2027, growing at a CAGR of 4.82% during the forecast period of 2020 to 2027.
0.5% Sodium Hypochlorite Market Growth Factors
The worldwide sodium hypochlorite market is expected to entail major market growth in the following years due to the widespread urbanization and industrialization. Use of sodium hypochlorite in chemicals, paints, dentistry, water treatment, skin damage and neutralising nerve agents is pushing the market growth. Sodium hypochlorite is mainly driven by cleanliness and hygiene sectors such as in used in phenyls and disinfectants to remove indoor odours.
Water treatment which includes sewage treatment, drinking and cooling have led to substantial demand for the product. Further, sodium hypochlorites’ use as bleaching over multiple sectors such as pulp for paper, detergents, hand sanitization, swimming pool sanitization are other factors that have opened up avenues for market growth. Demand from the cosmetic industry for sodium hypochlorite is also on the rise.
In the textile segment, sodium hypochlorite removes stains from clothes. Subsequently, rising demand for textile products from producers of parachutes, car interior designs, tents, bags, and the mattress is going push further the product market over the upcoming years.
However, industrialization leads to emission of harmful which causes several environmental problems. Substitute products with lower costs also pose a threat to the product market.
Chemically, sodium hypochlorite has a severe reaction on exposure to the sun and some acids. Hence, storage of sodium hypochlorite calls for strict safety regulations. Another major threat is that the deterioration of sodium hypochlorite is rapid and triggered by heat, light and air. Therefore, additionally, the containers should be placed in a dark and cool place in airtight containers with a user safety guideline. All these extra steps increase the cost of the product and also increase the complexity of handling in the hands of the consumer. Nonetheless, the Environmental Protection Agency (EPA) has reported the product as safe for consumption in the household as well as for industries, which will gradually maintain high consumption of the product and carry forward its growing market.
0.5% Sodium Hypochlorite Market Segmentation
0.5% Sodium Hypochlorite Market Country Analysis
The greater need for clean water by the growing global population and increasing adoption of sodium hypochlorite for household and medical applications are some of the factors driving the global sodium hypochlorite market. These drivers will the market reach a value of $151.8 million by 2025. Asia-Pacific dominates the largest share of this market with China, India, Japan, and South Korea being the major contributors. North American and European markets are expected to expand their market share significantly. This growth is bound to happen due to key players such as Odyssey Manufacturing, BASF Chemicals, Sumitomo Chemical, Shanghai Polymet Commodities Ltd, and AGC Group.
0.5% Sodium Hypochlorite Market Share and Competition
Key companies operating in this industry are: Solvay Chem, Akzo Nobel, Basf, Olin Chlor Alkali, Arkema, AGC, Surpress Chem, Ineos, Occidental, Sumitomo Chem, Aditya Birla, Vertex Chem, JSC Kaustik, Orica Watercare, Tianyuan Chem, HECG, Ruifuxin Chem, Kaifeng Chem, Dongfang Haoyuan Chem.
- Historical data available (as per request)
- Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
- Data breakdown for every market segment (2020 – 2027)
- Gross margin and profitability analysis of companies
- Price analysis of each product type
- Business trend and expansion analysis
- Import and export analysis
- Competition analysis/market share
- Supply chain analysis
- Client list and case studies
- Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
- Industrial Grade
- Food Grade
Application Analysis (Revenue, USD Million, 2020 - 2027)
- Water Treatment
- Neutralizing Nerve Agents
- Prevent Skin Damage
Sales Channel Analysis (Revenue, USD Million, 2020 - 2027)
- Direct Channel
- Distribution Channel
Region Analysis (Revenue, USD Million, 2020 - 2027)
- United States
- United Kingdom
- South Korea
- Middle East
- Rest of World
0.5% Sodium Hypochlorite Market Companies
- Solvay Chem
- Akzo Nobel
- Olin Chlor Alkali
- Surpress Chem
- Sumitomo Chem
- Aditya Birla
- Vertex Chem
- JSC Kaustik
- Orica Watercare
- Tianyuan Chem
- Ruifuxin Chem
- Kaifeng Chem
- Dongfang Haoyuan Chem
United States 0.5% Sodium Hypochlorite Market Industry Research Report
Europe 0.5% Sodium Hypochlorite Market Industry Research Report
Asia Pacific 0.5% Sodium Hypochlorite Market Industry Research Report