Sodium hypochlorite, also known as liquid bleach, is a popular home chemical that is used as a bleaching agent or disinfectant. When dissolved in water, the chemical easily decomposes, releasing chlorine, and is thus widely used as a disinfectant and bleaching agent. Majority of the product's use is as a bleaching agent in a variety of industries, such as textile, detergents, and pulp & paper. In addition, sodium hypochlorite is widely used as an active ingredient in water treatment and cleaning solutions due to its powerful disinfection qualities. It further acts as a chlorinating chemical that keeps swimming pools and drinking water safe. Moreover, it finds its application in the formulation of cleaning solutions for a variety of applications, including veterinary, food processing, and odor removal.
Surge in demand for sodium hypochlorite by various end-use industries as a broad-spectrum disinfectant that is effective for the disinfection of fungi, viruses, bacteria, mycobacterium, and other microorganisms is expected to drive the growth of the sodium hypochlorite market. Furthermore, rise in awareness about the need for regular and proper disinfection of office spaces, public restrooms, malls, and complexes is fueling the demand for sodium hypochlorite. However, hazardous nature of sodium hypochlorite may hinder market expansion.
The sodium hypochlorite market is segmented on the basis of application and region. By application, the market is fragmented into bleaching & cleaning, oxidizing, disinfectant, deodorizing, and others. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global sodium hypochlorite industry include Advance chemicals, Clorox, Hawkins, ICL, Kemira, Occidental Petroleum, Odyssey Manufacturing, Olin Corporation, PCC Group, and Vynova Group.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides in-depth analysis of the global sodium hypochlorite market along with the current trends and future estimations.
- This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
- The Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the global sodium hypochlorite industry for strategy building.
- A comprehensive market analysis covers factors that drive and restrain the global sodium hypochlorite market growth.
- The qualitative data about market dynamics, trends, and developments is provided in the report.
IMPACT OF COVID-19 ON THE GLOBAL SODIUM HYPOCHLORITE MARKET
- One of the key sectors that reflected immense sales globally during COVID-19 was the sanitizer industry. The impact of the virus spread led to the direct realization of the importance of personal hygiene, which led to the consumption of hand sanitizers and other disinfectant products. Sodium hypochlorite is one of the key feedstocks consumed in formulating these hygiene and disinfectant products by companies globally.
- The COVID-19 outbreak has severely affected several industries such as textile, paper, and medical, causing a temporary shutdown of manufacturing plants, leading to a drop in sales and disturbance in the supply–demand chain. This disruption in sales has affected the demand and consumption of products, leading to a substantial decline in market growth.
- As a result of the consumer's adaptability and response to COVID-19 challenges, attractive consumer trends emerge. Owing to the increased concerns about cleanliness, health, and hygiene, the pandemic has resulted in rapid rise of the consumer products business. According to the Household and Commercial Goods Association (HCPA), the annual market value of home care items is over $180 billion, which includes products such as disinfectants and cleaners for commercial and household use. As people become more conscious, they use more of the aforementioned cleaning products, driving the demand for sodium hypochlorite and propelling the market forward. Moreover, increase in demand for products, including hand sanitizers during the pandemic is a factor supporting the market growth.
KEY MARKET SEGMENTS
By Application
- Disinfection & Cleaning
- Bleaching
- Oxidizing
- Others
By Region
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- UAE
- South Africa
- Saudi Arabia
- Rest of LAMEA
KEY MARKET PLAYERS
- Advance Chemicals
- The Clorox Company
- Hawkins
- ICL
- Kemira
- Occidental Petroleum Corporation
- Odyssey Manufacturing
- Olin Corporation
- PCC Group
- Vynova Group
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
Companies Mentioned
- Advance Chemicals
- Clorox
- Hawkins ICL
- Kemira
- Occidental Petroleum
- Odyssey Manufacturing
- Olin Corporation
- PCC Group
- Vynova Group
- AkzoNobe
- Arkema BASF SE
- INEOS
- Solvay
- Sumitomo Chemical Co. Ltd.
- Sunbelt Chemical Corporations
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 167 |
Published | November 2021 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 266 million |
Forecasted Market Value ( USD | $ 422.5 million |
Compound Annual Growth Rate | 4.7% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |