The global sodium hypochlorite market was valued at US$ 240 million in 2019, according to Sodium Hypochlorite Market Report, by Application (Cleaning & Disinfection, Bleaching, and Chemical Manufacturing), by End-Use (Household and Industrial), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
The global sodium hypochlorite market is expected to surpass US$ 380 million by 2027, exhibiting a CAGR of 5.8% during the forecast period (2020-2027). Rapid surge in demand for pure and potable water, owing to increasing population in emerging economies coupled with the significant rise in demand for water treatment chemicals are driving growth of the global sodium hypochlorite market. Rising application of sodium hypochlorite in various end-use industries such as pharmaceutical, chemical, agriculture, water treatment, paints & coating, and others is further expected to fuel growth of the global sodium hypochlorite market over the forecast period.
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Browse 40 market data tables* and 20 figures* on "Sodium Hypochlorite Market” - Global Forecast to 2027.
Key Trends and Analysis of the Sodium Hypochlorite Market:
- Among regions, North America accounted for a significant market share in 2019. The growth of pharmaceutical and water treatment industries have led to increasing demand for sodium hypochlorite in this region. For instance, the U.S. is one of the largest markets for sodium hypochlorite, owing to its high population and industrial expansion in the field of life science such as chemical and pharmaceutical industries. Government regulations such as The Safe Drinking Water Act (SDWA) for water and wastewater will drive the overall sodium hypochlorite market growth in the U.S. The act includes monitoring, reporting, and public notification of proper water treatment and water purity levels.
Key Takeaways of the Market:
- Among application, cleaning & disinfection segment accounted for a significant market share in 2019. Disinfection of public usage water supplies is crucial for elimination of pathogens, which are responsible for causing waterborne diseases such as typhoid, jaundice, paratyphoid fevers, salmonellosis, cholera, and shigellosis. Transmission of these diseases can be controlled with efficient water treatment technologies, which eventually reduce the viable number of microorganisms in the water. This is expected to boost demand for sodium hypochlorite during the forecast period.
- 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
Global Sodium Hypochlorite Market - Impact of Coronavirus (Covid-19) Pandemic
- The global sodium hypochlorite market is expected to witness growth in the near future, owing to lockdown in various countries across the globe due to Covid-19 pandemic. The demand for sodium hypochlorite for water treatment and pharmaceutical applications will increase, owing to rising awareness regarding infections and hygiene during this pandemic, which in turn has increased the global demand for pure drinkable water and other pharmaceutical products such drugs and medicines. However, application of sodium hypochlorite in industries such as household product manufacturing and chemicals among others is expected to witness a major downfall. Therefore, the demand for sodium hypochlorite is expected to rise in pharmaceutical and water treatment sectors, whereas it is expected to decline in other end-use industries such as chemical, agriculture, manufacturing, and others during the post pandemic period.