Sodium hypochlorite is a greenish yellow liquid with a faint chlorine-like odor. This solution is also known as household bleach. At stronger concentrations, it is used as bleaching agents for production of paper, pulp, and textiles. The global sodium hypochlorite market is projected to surpass US$ 380 million by the end of 2027 in terms of revenue, exhibiting a CAGR of 5.8% during the forecast period (2020 to 2027).
Growing end-use industries such as pharmaceutical, water treatment, chemical, and others in emerging economies is expected to drive growth of the global sodium hypochlorite market during the forecast period.
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Water treatment segment held dominant position in the global sodium hypochlorite market in 2019 and is also expected to retain its dominance during the forecast period. This is owing to the rapid rise in population and urbanization in emerging economies, which in turn will increase demand for purified drinking water. This trend is further expected to foster demand for sodium hypochlorite during the forecast period.
Among regions, Asia Pacific is expected to account for a significant market share during the forecast period (2020-2027), owing to increasing usage of household bleaching products in emerging economies countries such as China, Japan, India, and South Korea. Sodium hypochlorite is primarily used in end-use industries such as chemical, manufacturing, and wastewater treatment. India is the second most populated country in the world and rapidly increasing disposable income among the population has led to surge in demand for household products. Increase in demand for quality goods and services in rural areas, owing to improved distribution channels of companies involved in fast-moving consumer goods (FMCG) sector. Such trends in Asia Pacific is expected to boost demand for sodium hypochlorite in this region during the forecast period.
Global Sodium Hypochlorite Market, By Application:
Cleaning & Disinfection
Swimming Pool Sanitization
Pulp & Paper
Key companies covered as a part of this study include BASF Chemicals, Odyssey Manufacturing Co., Aditya Birla, AGC group, Orica Watercare, Akzo Nobel, Shanghai Polymet Commodities Ltd., Sumitomo Chemicals, Solvay Chem, Sunbelt Chemical Corporations, Arkema Group, Surpress Chem, and Ineos
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