NEWARK, Del, Oct. 05, 2023 (GLOBE NEWSWIRE) -- According to forecasts, the hypochlorite bleaches market is expected to be US$ 305.03 million in 2023 and US$ 516.11 million by 2033.
The demand for water treatment operations in the area has been exacerbated by increased industrial activity and pollution. The market is projected to rise due to the increased demand for clean and drinkable water in the area due to growing 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 Asia.
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 had 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 globally," says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
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.
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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
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
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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