A recent report published by Infinium Global Research on sodium hypochlorite market provides an in-depth analysis of segments and sub-segments in the global as well as regional sodium hypochlorite market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional sodium hypochlorite market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global sodium hypochlorite market. According to the report, the global sodium hypochlorite market is projected to grow at a healthy CAGR of over the forecast period of 2019-2025.
Sodium hypochlorite is a slightly yellowish solution with a characteristic odor. It is a basic inorganic chemical. It is used within the industry to manufacture other substances, to treat textiles as a powerful biocide for industrial sites such as the treatment of water for cooling systems. This substance is used to disinfect public water supplies and public swimming pools. Further, it is used as a disinfectant, bleach, and cleaner within a home.
Sodium hypochlorite is used on a large scale in different industries, for instance, it is a compound that effectively used for water purification. It is used for odor removal, surface bleaching, purification, and water disinfection. The water treatment industry is growing rapidly owing to the increasing population that leads to a higher need for safe drinking water. This provides a growing demand for the sodium hypochlorite market. Furthermore, the textile industry continues its dominance during the forecast period owing to the government initiatives to support the domestic industry by increasing import duty on several textile items. The sodium hypochlorite is used to bleach textiles. It is used extensively as a bleaching agent in the detergents, textile and paper, and pulp industries. Besides this, it is also used in agriculture, paint- and lime, food, glass, pharmaceutical, and synthetics industries. Hence the rapid growth of these end-use industries driving the sodium hypochlorite market. However, exposure to sodium hypochlorite effects on health. People exposed to sodium hypochlorite by inhalation of aerosols. This causes coughing and sore throat. The swallowing of sodium hypochlorite effects is a burning sensation, sore throat, coughing, diarrhea, stomach ache, and vomiting. Further, its effect on skin or eyes causes redness and pain. These factors are restraining the growth of the market. Moreover, growing awareness of sodium hypochlorite in irrigation systems and root canal therapy provides a growth opportunity for the sodium hypochlorite market.
Asia Pacific region holds the largest share of sodium hypochlorite market owing to the rapid growth of end-user industries such as water treatment and textile. Further, the rapidly growing industrialization provides a demand for water treatment in the industrial sector. This leads to the discharge of industrial waste in water domestic usage and commercial. Additionally, the presence of major manufacturer of paints and chemicals in this region contribute to the growth of the sodium hypochlorite market in this region. North America is the second-largest revenue-making region for the sodium hypochlorite market owing to growing consumer awareness for sodium hypochlorite especially in dental care and wastewater treatment applications.
The report on the global sodium hypochlorite market covers segments such as feedstock, and end user. On the basis of feedstock, the sub-markets include bleaching, oxidizing, disinfection, deodorizing, and others. On the basis of end user, the sub-markets include water treatment, agriculture, chemical, paint, and others.
The report provides profiles of the companies in the market such as Odyssey Manufacturing Co., AGC group, Sunbelt Chemical Corporations, Orica Watercare, Shanghai Polymet Commodities Ltd, Solvay Chem, Akzo Nobel, BASF Chemicals, Olin Chlor Alkali, and Arkema Group.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the sodium hypochlorite market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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