Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
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.
Among region, North America held dominant position in the global sodium hypochlorite market in 2019, reporting 33% market share in terms of revenue, followed by North America and Europe.
Figure 1. Global Sodium Hypochlorite Market Revenue Share (%), By Region, 2019
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.
Sodium Hypochlorite Market Report Coverage
||Market Size in 2019:
||US$ 240 Mn
|Historical Data for:
||2016 to 2019
||2020 to 2027
|Forecast Period 2020 to 2027 CAGR:
||2027 Value Projection:
||US$ 380 Mn
- North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
- By Application: Cleaning & Disinfection, Bleaching and Chemical Manufacturing
- By End Use: Household and Industrial
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
- Rising awareness among consumers regarding drinking water purity levels
- Growth of pharmaceutical industry in emerging economies
|Restraints & Challenges:
- Lack of evidences associated with the treatment coronavirus disease (COVID 19)
Key players are focusing on adoption of growth strategies such as mergers and acquisitions to create growth opportunities at a global level for the sodium hypochlorite market. For instance, in February 2019, De Nora, a chemical manufacturing company, acquired water purification firm MIOX, a producer and distributor of water treatment solutions. MIOX offers on-site generator which are engineered to provide a cost-effective and reliable solution for production of sodium hypochlorite.
Figure 2. Global Sodium Hypochlorite Market – Opportunity Analysis
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 Missouri-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 3. Global Sodium Hypochlorite Market Revenue Share (%), By Application, 2019
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.
Global Sodium Hypochlorite Market - Impact of Coronavirus (Covid-19) Pandemic
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.
Key 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.