The global Sodium Hypochlorite market size was significantly robust in 2021 and is expected to register a rapid revenue CAGR over the forecast period.
The global Sodium Hypochlorite Market size was robust in 2021 and is expected to register a steady revenue CAGR over the forecast period. One of the key factors driving market revenue growth is increased consumption of the material from industrial applications such as restaurants, clinics, commercial complexes, and others. They are used to cover the inside and outside of buildings, as well as to create ornamental and aesthetic glass mosaics. Porcelain tiles are bits of glass that have been molded into uniform forms. They have grown in popularity as field and accent tiles in recent years. This trend can be linked to recent technological advancements as well as the intrinsic features of tiles, notably their ability to impart strong color and reflect light, as well as their water resistance. These reasons are driving revenue growth of the market during the forecast period.
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Top Leading Players:
- Unilever (U.K.)
- Aditya Birla Chemicals Limited (India)
- Sumitomo Chemical Co., Ltd. (Japan)
- The Clorox Company (U.S.)
- Hawkins, Incorporated (U.S.)
- ICL Group Limited (U.K.)
- Odyssey Manufacturing (U.S.)
- Olin Corporation (U.S.)
- PCC Group (Germany)
- Vynova Group (Belgium)
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Major Factors Driving Revenue Growth of the Global Sodium Hypochlorite Market:
One of the major drivers for this industry is the growing demand for sanitation products. The onset of pandemic in 2020 meant an increase in the demand for disinfectant products for both household and industrial uses which is one of the key factors driving the current Sodium Hypochlorite market. The World Health Organization (WHO) studies have suggested that COVID-19 virus is an enclosed virus, like other coronaviruses, with a frail outer envelope that makes it more sensitive to disinfectants than non-enveloped viruses. As a result, properly disinfecting surfaces with sodium hypochlorite can destroy the coronavirus. Furthermore, in April 2020, the Centers for Disease Control and Prevention (CDC) advised the use of diluted bleach for cleaning, because it is effective in destroying most common pathogens without damaging the surface. Sodium hypochlorite (commonly referred to as domestic bleach) is a chlorine-based disinfectant that is intended for use on various surfaces and with the ease of storage and usage, these disinfectants are ideal for sanitizing during a pandemic. In addition, the availability of raw materials and low production cost are some of the factors contributing to the revenue growth of the market during the forecast period.
Segments covered in the report:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Qiaoguang Chem
- Food grade
Application/ End Use Outlook (Revenue, USD Billion; 2019-2030)
- Bleach
- Water treatment
- Medical application
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