Sodium hypochlorite is a solution made from reacting chlorine with sodium hydroxide solution. Sodium hypochlorite is a greenish yellow liquid with a faint chlorine-like odour. This solution is also known as household bleach. At stronger concentrations, it is used as bleaching agents for production of paper, pulp, and textiles.
Global sodium hypochlorite market was valued at US$ 241.18 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.43% during the forecast period (2022 to 2030).
Drivers
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.
The wastewater chemical treatment industry has been the major driver of the sodium hypochlorite market owing to rapid urbanization and industrialization especially in emerging economies including China and India. Exponentially increasing demand for bleach by the textiles, and pulp and paper industry is expected to boost the sodium hypochlorite market around the world in coming years. The surging demand for sodium hypochlorite by the medical industry for disinfecting surgical instruments and hospital rooms is poised to augment the sodium hypochlorite market till 2030. Rising awareness regarding the continuous and proper disinfection of office spaces, public toilets, malls, complexes, etc. is further propelling the demand for sodium hypochlorite and is likely to boost the market across the globe in the future.
The global sodium hypochlorite market is expected to witness surge in growth in 2020, owing to stringent regulations by governments for sanitization of public spaces. However, Covid-19 pandemic has severely impacted distribution channels and consumer spending patterns. Consumer goods and chemical among others are expected to witness a declining demand due to lockdown in various countries across the globe. However, end-user industries such as pharmaceutical and water treatment are expected to grow during the forecast period.
Figure 1. Global Sodium Hypochlorite Market Value Share (%), By Region, 2021
Market Restraints
Sodium hypochlorite is corrosive in nature and thus extremely dangerous when exposed directly. Stringent safety measures are required to be taken by the workers while working in production plants of sodium hypochlorite. High risks involved in during production of sodium hypochlorite is expected to hinder growth of the market over the forecast period.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2021 | Market Size in 2021: | US$ 241.18 Mn |
| Historical Data for: | 2017-2021 | Estimated Year: | 2022 |
| Forecast Period 2022 to 2030 CAGR: | 5.43 % | Forecast Period: | 2022-2030 |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
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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Market Trends
Companies engaged in the manufacturing of sodium hypochlorite are adopting different strategies such as mergers and acquisitions, in order to expand their product portfolio and market presence, globally. For instance, on June 2, 2020, Drury Hotels, a US-based family-owned hotelier with more than 150 properties across 27 locations, announced its partnership with Ecolab, a global leader that provides water, hygiene, and infection prevention solutions and services, in order to enhance cleaning procedures and protocols for keeping guests and employees safe.
Figure 2. Global Sodium Hypochlorite Market Revenue Share (%) By Application, 2021
On the basis of application, the sodium hypochlorite market is segmented into cleaning & disinfection, bleaching, and chemical manufacturing. In 2019, the cleaning & disinfection segment accounted for 60% of the revenue share.
Recent Developments
Competitive Section
Major players operating in the global sodium hypochlorite market 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.
Sodium hypochlorite is an inorganic chemical compound comprising a sodium cation and a hypochlorite anion. Sodium hypochlorite appears in pale greenish-yellow dilute solution referred to as liquid bleach, which is a household chemical widely used as a disinfectant or a bleaching agent.
Market Dynamics
Waste water treatment segment held dominant position in the global sodium hypochlorite market in 2021 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 (2022-2030), 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.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
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