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The calcium hypochlorite market size is estimated to grow at a CAGR of 11.73% between 2023 and 2028. The market size is forecast to increase by USD 490.42 million. The growth of the market depends on several factors such as an increase in demand and need for freshwater, expansion of the chemical industry and growing awareness and knowledge of hygiene.
The research report on the calcium hypochlorite market offers industry forecasts and segmentation based on Technique including the calcium process, and sodium process. It also segments the market by Type, which comprises powder, granular, and pellets. Geographically, the report covers North America, Europe, APAC, South America, and the Middle East and Africa. The market size, historical data (2018-2022), and future forecasts are presented in terms of value (in USD million) for all these mentioned segments.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
An increase in demand and need for freshwater is notably driving the market growth. One of the main drivers of freshwater demand is the growing global population. As the number of people living on the planet increases, so does the demand for clean and safe water for drinking, domestic use, and industrial applications. As a result, there is a growing need for water treatment chemicals. Calcium hypochlorite is one such chemical that can help meet the drinking water needs of the growing global population. Freshwater resources globally are also under significant pressure due to rapid urbanization. As urban areas grow, the need for freshwater increases to meet the needs of the increasing population, industrialization, and basic services.
Moreover, cities and municipalities need efficient water treatment solutions such as calcium hypochlorite to control water pollution, treat wastewater, and provide safe drinking water to their citizens. Thus, the rising demand and need for freshwater worldwide will propel the growth of the global calcium hypochlorite market during the forecast period.
The increasing need for sanitation is an emerging trend shaping the market growth. The increasing prevalence of sanitation-related concerns in various sectors, such as healthcare, food processing, and water treatment, has had a significant impact on the need for efficient disinfection in order to reduce the prevalence of communicable diseases and maintain public health. The food processing industry is aware of the essential role of Calcium Hypochlorite in safeguarding food safety and sanitation. This chemical is commonly employed in the disinfection of food processing equipment, as well as surfaces and water sources, in order to eliminate bacteria and other contaminants and to reduce the risk of foodborne illness.
In addition, as consumer awareness of food safety has increased, food processing and manufacturing companies must prioritize sanitation measures, resulting in an increase in the demand for Calcium hypochlorite, which consequently drives the growth of the global calcium hypochlorite market during the forecast period.
The hazardous nature of calcium hypochlorite is a significant challenge hindering market growth. Calcium hypochlorite is used as a disinfectant in a variety of industrial sectors, from water and wastewater treatment to agriculture and chemical production. However, due to its potential health risks, its misuse can lead to serious health problems, both for people and the environment. As a result, the dangers of exposure to calcium hypochlorite have become a major challenge in the global calcium hypochlorite market. Irritation of the skin and eyes can also be a potential health hazard from the powdered form of calcium hypochlorite. Skin irritation, with rashes, itching, or chemical burns, can be caused by direct exposure of the skin to the substance. Exposure to calcium hypochlorite may cause the eyes to become red and painful or lead to impaired vision.
However, accidents have been reported in end-user industries in which workers have sustained eye injuries as a result of the inadequate use of personal protective equipment during the handling or mixing of calcium hydrochloric acid solutions. Such factors will consequently hinder the growth of the global calcium hypochlorite market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Calcium Hypochlorite Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Acuro Organics Ltd. - The company offers calcium hypochlorite, which includes benefits such as being used as a powerful oxidizer, free-flowing and soluble in cold water, having low chlorine loss even in changing climatic conditions, and many more.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The calcium process segment is estimated to witness significant growth during the forecast period. The global calcium hypochlorite market can be categorized by process. Each process has its own unique benefits and characteristics. Calcium hypochlorite is a highly sought-after mineral due to its cost-effective and efficient production process. Manufacturers are increasingly turning to the calcium process to meet the growing demand for this mineral in a variety of industries, including water treatment, chemical production, and paper fabrication.
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The calcium process segment was the largest and was valued at USD 358.95 million in 2018. The calcium process begins by preparing slaked lime by combining calcium oxide-containing quicklime with water. The calcium hydroxide that results from this reaction is then transferred to a chlorinator, where it is subjected to chlorine gas. The reaction with chlorine gas results in the formation of calcium hypochlorite, water, and calcium chloride. Furthermore, the calcium process produces a higher level of active chlorine than other processes, making it the ideal choice for applications that require intensive disinfection. All the advantages of using the calcium process to manufacture calcium hypochlorite will propel the growth of the calcium process segment of the global calcium hypochlorite market during the forecast period.
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APAC is estimated to contribute 51% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is the largest producer and consumer of calcium hypochlorite, with China being the dominant player. In China, industrialization is growing at a rapid pace, owing to which the market is growing. The increase in demand from end-user industries like water treatment, house cleaning, and agrochemicals will likely expand the demand for calcium hypochlorite in APAC. Moreover, with population growth, especially in developing countries such as India and China, end-user industries are also expanding, which consequently drives the demand for calcium hypochlorite. This has led to the need for increased production of calcium hypochlorite.
In addition, there is a high demand for calcium hypochlorite from industrial and sewage wastewater treatment end-users in APAC. Countries such as India, China, and Indonesia are growing in the field of sanitation and wastewater treatment activities and projects, which is driving the demand for calcium hydroxide. Such factors are expected to drive the regional market growth during the forecast period.
The calcium hypochlorite market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028.
Calcium Hypochlorite Market Scope |
|
Report Coverage |
Details |
Page number |
152 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.73% |
Market Growth 2024-2028 |
USD 490.42 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
10.79 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 51% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acuro Organics Ltd., Aditya Birla Management Corp. Pvt. Ltd., American Elements, Arihant Chemical, Asmi Chem, China Petrochemical Corp., Ghanshyam Chemicals, Haviland Enterprises Inc., Hawkins Inc., Innova Corporate India, Kakdiya Chemicals, Lonza Group Ltd., Nanjing Kapsom Engineering Ltd., Nippon Soda Co. Ltd., Otto Chemie Pvt. Ltd., Tianjin Kaifeng Chemical Co. Ltd., Tosoh Bioscience Inc., Vizag Chemical International, Westlake Corp., and Zeel Product |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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