The hypochlorite bleaches market is poised for significant growth, with forecasts indicating a value of US$ 305.03 million in 2023, surging to US$ 516.11 million by 2033. This upward trajectory can be attributed to the escalating demand for water treatment solutions spurred by heightened industrial activity and environmental pollution. As the imperative for clean and potable water intensifies, driven by a rising awareness of healthy living among consumers, the market is expected to expand further. The indispensable role of hypochlorite bleaches in addressing water treatment challenges positions them as a crucial component in meeting the escalating demand for purified water in the foreseeable future.
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.
“The study reveals that these bleaches continue to gain traction in sectors such as healthcare, sanitation, and textiles due to their effective disinfection and stain-removing properties. The research underscores the significant growth potential and increasing demand for hypochlorite bleaches in the global market.” says an Analyst at Future Market Insights (FMI).
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Competitors Winning Strategies & Recent Developments:
- A joint venture between Union Chlorine L.L.C. and FATA SpA was established in August 2018 to produce 70 MT of caustic soda daily. The plant also generates hydrochloric acid and sodium hypochlorite in Phase I, with additional products aimed at the oil and gas industry planned for Phase II.
- In May 2017, KLJ Organic and Qatar Industrial Manufacturing Company established a joint venture that would aid both businesses in growing their chlor-alkali markets in the Middle East and Gulf nations. Caustic soda, calcium chloride, sodium hypochlorite, and hydrochloric acid are among the company’s product offerings.
- Mabuhay Vinyl Corporation (MVC) boosted the capacity of its Iligan Plant’s caustic soda and chlorine output by 68% in April 2022 at an investment expenditure of P630M. Related facilities for derivatives, such as liquid chlorine and hydrochloric acid, are part of the expansion.
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 segmentation
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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