Global Sodium Hypochlorite (Bleach) Market Highlights 2020-2029
The global sodium hypochlorite (bleach) market is estimated to grow with a notable CAGR during the forecast period, i.e., 2021-2029, owing to the prominent antimicrobial properties of the chemical compound and its low costs of production, along with the favorable government regulations regarding the use of sodium hypochlorite in water treatment, agriculture and other industrial applications. Rapid growth of the end-user industries such as chemical, agricultural and healthcare is expected to further boost the market growth. Moreover, owing to the increasing water pollution and the growing need for clean water supply in the urban areas, which is increasing the demand for water treatment and purification, is further expected to drive the growth of the market. According to a report by the World Health Organization (WHO), in underdeveloped countries, 22% of healthcare facilities have no access to water service, 21% of facilities have no sanitation service, and 22% of facilities have no waste management services. Additionally, this growth is backed by rising number of initiatives taken by governments of different countries to provide clean and safe drinking water. In the other statistics published by the WHO, 785 million people lack the availability of basic drinking-water.
The global sodium hypochlorite market is segmented by function, end-user industry, and by distribution channel. On the basis of function, the market is further segmented into water disinfection, oxidizing, bleaching, odor removal, and others, out of which, the water disinfection segment is estimated to hold the leading share in the market during the forecast period owing to the increased utilization of sodium hypochlorite in water treatment plants for removing any germs and odor in the water, making it safe for use. The market is also bifurcated by distribution channel into online and offline channel. Among these segments, the offline segment is projected to generate significant revenue by the end of 2021 owing to the easy availability of the product in local stores, hyper markets, departmental stores and other offline businesses. However, the online segment is estimated to witness notable growth by the end of 2029, on the back of growing internet penetration. CLICK TO DOWNLOAD SAMPLE REPORT
Global Sodium Hypochlorite Market Regional Synopsis
On the basis of regional analysis, the global sodium hypochlorite market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
The market in the Asia Pacific is anticipated to garner maximum revenue in the forecast period, backed by the presence of leading market players in the region. Moreover, the rapid growth of end-user industries, such as, water treatment, and chemical industries in the region and unavailability of safe usable water for the mass population further increases the demand for sodium hypochlorite. In the East Asia and Pacific region, over 160 million people lack access to basic drinking water. Furthermore, the sodium hypochlorite market is predicted to grow owing to the rising government awareness and investment in better water management systems, especially in countries, such as, China, India and Japan.
Additionally, the market in the underdeveloped nations of the Middle East and Africa are estimated to witness notable surge in the demand for sodium hypochlorite during the forecast period, owing to the rising need for water purification backed by the absence of water management system and proper sanitization in the region.
The global sodium hypochlorite market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the global sodium hypochlorite market includes the following segments:
By Function
- Oxidizing
- Bleaching
- Odor Removal
- Water Disinfection
- Others
By End User
- Agriculture
- Chemical
- Water Treatment
- Healthcare
- Paints & Coatings
- Others
By Distribution Channel
- Online
- Offline
Growth Drivers
- Rising Demand for Clean Water is Estimated to Drive the Market Growth
- Antimicrobial and Disinfectant Properties of Sodium Hypochlorite Likely to Promote its Demand
Restraints
- Unstable Reactive Nature of Sodium Hypochlorite to Hamper the Market Growth
Top Featured Companies Dominating the Market
- Odyssey Manufacturing Co.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- AGC Group
- Orica Limited
- Nouryon Chemicals Holding B.V.
- Olin Corporation
- Aditya Birla Management Corporation Pvt. Ltd.
- Hawkins, Inc.
- Hill Brothers Chemical Co.
- Lab Alley LLC
- Cole-Parmer Instrument Company, LLC.
