Forecasts indicate that the hypochlorite bleaches market will reach US$ 305.03 million in 2023 and US$ 516.11 million in 2033.
Increased industrial activity and pollution have made the need for water treatment facilities in the area more urgent. The need for clean, drinkable water in the region is expected to expand due to rising consumer awareness of healthy living.
New laws governing the water quality of home pools raise public awareness of conditions including cryptosporidiosis and shigellosis. More hypochlorite bleach chemicals are used for residential pool water treatment due to the increased need for easy preservation.
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Market Challenges
The hazardous nature of hypochlorite bleaches is a key commercial limitation for the worldwide market for these products. Both sodium and calcium hypochlorites are recognized to have corrosive qualities. Hypochlorite exposure results in ulcers, skin, eye irritation, and corrosive damage to the gastrointestinal tract. The aspect mentioned above is anticipated to hinder the market.
Regional Aspect
North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa comprise the worldwide hypochlorite bleaches market. Due to this area’s expanding pharmaceutical and water treatment industries, North America is predicted to lead the global market. Due to its extensive paper manufacturing, China had the most impact on expanding the hypochlorite bleaches market in the Asia Pacific area.
It is also anticipated that Japan is the key engine powering the continuous expansion of the global paper industry. Such factors drive the demand for hypochlorite bleaches for pulp and paper applications in the coming years.
Key Takeaways
- The hypochlorite bleaches business had a valuation of US$ 305.03 million in 2022.
- The hypochlorite bleaches business was expanding at a CAGR of 4.6% between 2018 to 2022.
- North America’s hypochlorite bleaches market expanded at a share of 23.1% in 2022.
- Europe’s hypochlorite bleaches market accounted for a 27.3% share in 2022. The main producers are increasing their production capacity in response to the rising demand for and use of bleaches.
Top Key Players in the Global Market
- Lion Apparel, Inc.
- Shijiazhuang Xinlongwei Chemical Co. Ltd.
- Shouguang Tianwei Chemical Co. Ltd.
- Ecoviz Kft
- JSC AVANGARD
- SAI CHEM CORPORATION
- Tianjin Yufeng Chemical Co. Ltd.
- Union Overseas Enterprise Ltd.
- United ChloroParaffin Pvt. Ltd.
- Mabuhay Vinyl Corporation
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Key segments
By Product Type:
- Sodium Hypochlorite
- Bleaching
- Surface Purification
- Odor Removal
- Water Disinfection
- Calcium Hypochlorite
- Potassium Hypochlorite
- Lithium Hypochlorite
By End-Use:
- Healthcare
- Domestic Uses
- Laundry
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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