According to forecasts, the hypochlorite bleaches market is expected to be USD 305.03 million in 2023 and USD 516.11 million by 2033.
The demand for water treatment operations in the area has been exacerbated by increased industrial activity and pollution. The market is projected to rise due to the increased demand for clean and drinkable water in the area due to growing consumer awareness of healthy living.
New laws governing the water quality of home pools raise public awareness of conditions including cryptosporidiosis and shigellosis. More hypochlorite bleach chemicals are used for residential pool water treatment due to the increased need for easy preservation.
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Market Challenges
The hazardous nature of hypochlorite bleaches is a key commercial limitation for the worldwide market for these products. Both sodium and calcium hypochlorites are recognized to have corrosive qualities. Hypochlorite exposure results in ulcers, skin, eye irritation, and corrosive damage to the gastrointestinal tract. The aspect mentioned above is anticipated to hinder the market.
Regional Aspect
North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa comprise the worldwide hypochlorite bleaches market. Due to this area's expanding pharmaceutical and water treatment industries, North America is predicted to lead the global market. Due to its extensive paper manufacturing, China had the most impact on expanding the hypochlorite bleaches market in the Asia Pacific area.
It is also anticipated that Japan is the key engine powering the continuous expansion of the global paper industry. Such factors drive the demand for hypochlorite bleaches for pulp and paper applications in the coming years.
Key Takeaways
● The hypochlorite bleaches business had a valuation of US$ 305.03 million in 2022.
● The hypochlorite bleaches business was expanding at a CAGR of 4.6% between 2018 to 2022.
● North America's hypochlorite bleaches market expanded at a share of 23.1% in 2022.
● Europe's hypochlorite bleaches market accounted for a 27.3% share in 2022. The main producers are increasing their production capacity in response to the rising demand for and use of bleaches.
Competitors Winning Strategies & Recent Developments:
● A joint venture between Union Chlorine L.L.C. and FATA SpA was established in August 2018 to produce 70 MT of caustic soda daily. The plant also generates hydrochloric acid and sodium hypochlorite in Phase I, with additional products aimed at the oil and gas industry planned for Phase II.
● In May 2017, KLJ Organic and Qatar Industrial Manufacturing Company established a joint venture that would aid both businesses in growing their chlor-alkali markets in the Middle East and Gulf nations. Caustic soda, calcium chloride, sodium hypochlorite, and hydrochloric acid are among the company's product offerings.
● Mabuhay Vinyl Corporation (MVC) boosted the capacity of its Iligan Plant's caustic soda and chlorine output by 68% in April 2022 at an investment expenditure of P630M. Related facilities for derivatives, such as liquid chlorine and hydrochloric acid, are part of the expansion.
Leading Players in the Hypochlorite Bleaches Market
Lion Apparel, Inc.
Shijiazhuang Xinlongwei Chemical Co. Ltd.
Shouguang Tianwei Chemical Co. Ltd.
Ecoviz Kft
JSC AVANGARD
SAI CHEM CORPORATION
Tianjin Yufeng Chemical Co. Ltd.
Union Overseas Enterprise Ltd.
United ChloroParaffin Pvt. Ltd.
Mabuhay Vinyl Corporation
Hypochlorite Bleaches: Market Growth Fueled by Essential Applications
Hypochlorite bleaches, a mainstay in cleaning and disinfection, continue to see steady growth in the global market. But what factors are propelling this trend? Let's delve into some key drivers:
Pulp and Paper Powerhouse: The ever-increasing demand for paper and paperboard, particularly in packaging, is a major driver. Hypochlorite bleaches play a crucial role in the pulp and paper production process, making paper brighter and stronger. As the packaging industry booms, especially in emerging economies like China and India, the need for hypochlorite bleaches rises in tandem.
Disinfecting Dynamo: Concerns about hygiene and sanitation are ever-present. Hypochlorite bleaches, with their potent disinfectant properties, are widely used in various sectors. This includes municipal and industrial water treatment, where they combat harmful bacteria and ensure safe drinking water. Additionally, the food industry relies heavily on hypochlorite bleaches to sanitize equipment and surfaces, promoting food safety.
Aquaculture Ally: The burgeoning aquaculture industry, focused on fish and shrimp farming, presents a significant growth opportunity for hypochlorite bleaches. Here, they maintain the cleanliness of ponds and tanks, preventing the spread of diseases and fostering healthy fish populations.