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Sodium hypochlorite, commonly known as bleach, is an alkaline compound with strong disinfectant and bleaching properties. It finds widespread application as a disinfectant in household cleaning solutions, swimming pools, bleaches, and water treatment. The increasing awareness about health and hygiene, driven further by the COVID-19 pandemic, has augmented the demand for disinfectants significantly. Sodium hypochlorite offers an effective and economical disinfecting solution.
The global sodium hypochlorite market is estimated to be valued at US$ 67.69 Mn in 2023 and is expected to exhibit a CAGR of 26% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased demand for disinfectants from various end-use industries such as healthcare, food and beverage, and municipal water treatment is a major factor boosting the growth of the sodium hypochlorite market. Especially after the onset of the COVID-19 pandemic, there is heightened awareness about sanitization and cleanliness. Sodium hypochlorite plays a vital role in disinfecting surfaces and waterbodies. Rising focus on providing safe and potable water also drives the consumption of sodium hypochlorite worldwide. Growing population and urbanization further augment the need for robust water treatment processes, propelling the sodium hypochlorite market growth over the forecast period.
SWOT Analysis
Strength: Sodium hypochlorite is cost effective for water treatment, easy to produce commercially and has strong disinfecting properties.
Weakness: It is corrosive in nature and has harmful effects if mishandled. Transportation and storage requires proper packaging.
Opportunity: Increasing demand from wastewater treatment plants and rising focus on clean water supplies opens up new opportunities.
Threats: Stringent regulations regarding the usage, transportation and disposal. Availability of alternative disinfectants is a threat.
Key Takeaways
Global Sodium Hypochlorite Market Size is expected to witness high growth. It finds widespread applications in water treatment, household bleach, agriculture, and other industrial sectors. The global sodium hypochlorite market is estimated to be valued at US$ 67.69 Mn in 2023 and is expected to exhibit a CAGR of 26% over the forecast period 2023 to 2030.
Asia Pacific region currently dominates the market and is expected to continue its dominance owing to large population, increased sanitation spending and rapid industrialization.
Key players operating in the sodium hypochlorite market are Alfalava, Asetek, CoolIT Systems, Green Data Center LLP, Green Revolution Cooling Inc., Horizon Computing Solutions, IBM Corporation, Midas Green Technologies, LLC, Rittal GmbH & Co. Kg., and Schneider Electric SE. They are focusing on capacity expansion, product innovation, and mergers & acquisitions to strengthen their market position. New technologies to reduce production costs and meet stringent environmental norms will shape the future of this market.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
