Data Bridge Market Research analyses that the Global Hypochlorous Acid Market which was USD 4,872.8 million in 2022, would rocket up to USD 6,772.15 million by 2030, and is expected to undergo a CAGR of 4.20% during the forecast period of 2023 to 2030.
Industry Analysis
The increase in demand for oxidizing and disinfecting agents in order to provide quality water, acts as one of the major factors driving the growth of hypochlorous acid market. The increase in preference for the healing solution as it aids faster healing because its application results in nearly eight hours of keratinocyte cell line mitigation over other wound healing products such as iodine and rise in the consumer awareness regarding the importance of clean water accelerate the market growth. The high usage of the acid in the manufacturing of calcium hypochlorite (Ca(OCl)2) and sodium hypochlorite (NaOCl), that are further utilized for manufacturing products such as disinfectants, bleaches, and deodorants and the use of the product in sterilizing bacterial infection by drying out blood cells in the healthcare sector further influence the market.
“Disinfecting” segment is dominating the global hypochlorous acid market due to the increased demand for sanitization and disinfection solutions across various industries, including healthcare, water treatment, food processing, and surface cleaning. . In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Hypochlorous acid refers to a weak acid formed by dissolving chlorine in water and possesses microbial and oxidizing properties. The product is extensively used as a disinfectant agent in medical, water treatment, and food additives in food and beverages sector and also, employed in various end-user industries such as water treatment, wound management, oil and gas, and personal care. Two type of hypochlorous acid available are sodium hypochlorite and calcium hypochlorite.
Global Hypochlorous Acid Market Scope
The global hypochlorous acid market is segmented on the basis of product, application and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
PRODUCT
SODIUM HYPOCHLORITE
CALCIUM HYPOCHLORITE
OTHER
APPLICATION
SANITIZING AGENT
OXIDIZING AGENT
DISINFECTION
OTHERS
END USE
PERSONAL CARE
WOUND MANAGEMENT
FOOD AND AGRICULTURE
OIL AND GAS
WATER TREATMENT
OTHERS
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Global Hypochlorous Acid Market Regional Analysis/Insights
The global hypochlorous acid market is analysed and market size insights and trends are provided by product, application and end use as referenced above.
The countries covered in the global hypochlorous acid market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and rest of South America as part of South America.
North America dominates the global hypochlorous acid market because of the increasing demand for wound healing solutions, prevalence of chronic wounds among geriatric population and incidences of diabetes within the region.
Europe is expected to witness significant growth in the global hypochlorous acid market during the forecast period because of the high usage in manufacturing sanitizers for food and beverage industry for sanitizing food preparations areas, counter tops, tables, and grills in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Hypochlorous acid Market Share Analysis
The global hypochlorous acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global hypochlorous acid market.
Some of the major players operating in the global hypochlorous acid market are:
· BASF SE (Germany)
· Lenntech B.V. (Netherlands)
· Arkema (France)
· Nouryon (Netherlands)
· Lonza (Switzerland)
· Kuehne Company (U.S.)
· Tosoh Corporation (Japan)
· Aditya Birla Chemicals (India)
· Surpass Chemical Company, Inc. (U.S.)
· Ultrapure HOCL (Pty) Ltd (South Africa)
· AGC Chemicals Americas (U.S.)
· Westlake Chemical Corporation (U.S.)
· Tianjin Ruifuxin Chemical Co., Ltd. (China)
· INOVYN (U.K.)
· Olin Corporation (U.S.)
· Occidental Petroleum Corporation (U.S.)
· The Clorox Company (U.S.)
· Aqualution Systems Ltd (U.K.),
· Chemtex Speciality Limited (India)
· AEOLUS SUSTAINABLE BIOENERGY PVT. LTD. (India)
· EcoCare Technologies (U.S.)
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Segmentation
Ø Chapter Three: Market Overview
Ø Chapter Four: Executive Summary
Ø Chapter Five: Premium Insights
Ø Chapter Six: Global Hypochlorous Acid Market by Product & Procedure type
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