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The hypochlorite bleaches market share is expected to increase by USD 395.92 million from 2021 to 2026, at a CAGR of 6.81%.
This hypochlorite bleaches market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers hypochlorite bleaches market segmentation by product (sodium hypochlorite, calcium hypochlorite, potassium hypochlorite, and lithium hypochlorite) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The hypochlorite bleaches market report also offers information on several market vendors, including Aditya Birla Management Corporation Pvt. Ltd., AGC Inc., American Elements, ANSA McAL Group of Companies, Arkema SA, DCM Shriram Ltd., Ecoviz Kft, Hawkins Inc., INEOS Group Holdings SA, Merck KGaA, Nouryon Chemicals Holding BV, Odyssey Manufacturing Co., Olin Corp., PCC SE, Shijiazhuang Xinlongwei Chemical Co. Ltd., Somavrac Group, The Andhra Sugars Ltd., Tianjin YuFeng Chemical Co. Ltd., Tosoh Corp., and Vynova Beek BV among others.
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The growing demand for sodium hypochlorite is notably driving the hypochlorite bleaches market growth, although factors such as the presence of substitute products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hypochlorite bleaches industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Hypochlorite Bleaches Market Driver
One of the key factors driving growth in the hypochlorite bleaches market is the growing demand for sodium hypochlorite. Sodium hypochlorite is used in various applications. Sodium hypochlorite is largely used in water treatment, pharmaceuticals, cosmetics, and disinfectants. It is preferred over other derivatives due to its widespread use in various applications and its superior properties. The demand for sodium hypochlorite is growing significantly due to the growing demand from the water and wastewater treatment industry, in household bleaching products, and in cleaning formulations. The water treatment chemicals industry is witnessing a rapid rise in demand due to regulatory pressure on the better treatment of industrial as well as municipal wastewater that is released into water bodies. Growing awareness among the public and the introduction of stringent regulations on the release of treated wastewater have led to an increase in demand for sodium hypochlorite. This is likely to drive the growth of the market during the forecast period.
Key Hypochlorite Bleaches Market Trend
The rising demand for disinfectants is another factor supporting the hypochlorite bleaches market share growth. The demand for disinfectants has increased in the healthcare sector, food industry, residential, and many other industries after the outbreak of the COVID-19 pandemic in early 2020. The World Health Organization (WHO) has issued guidelines on the hygiene standards to be followed in healthcare facilities and has provided specific recommendations to improve hygiene practices and reduce the transmission of pathogens to healthcare workers and patients. These guidelines target hospital administrators, public healthcare officials, healthcare workers, and patients. Hence, the rising awareness about infectious diseases is expected to create an extensive need for disinfectants among consumers during the forecast period, thereby increasing the demand for hypochlorite bleaches.
Key Hypochlorite Bleaches Market Challenge
The presence of substitute products will be a major challenge for the hypochlorite bleaches market during the forecast period. Hypochlorite bleaches are popularly used in water treatment, cleansing products, and disinfectants. However, non-toxic chemicals, such as hydrogen peroxide, baking soda, and essential oils, pose a major threat to the growth of the global hypochlorite bleaches market. Hydrogen peroxide is a major substitute for hypochlorite bleaches. It is a non-toxic bleach with fewer side effects. Moreover, it is also used as an effective cleansing and disinfecting chemical. In recent times, citric acid has gained popularity as a disinfectant. Though hypochlorite bleaches are widely preferred and accepted in water treatment, cleaning, and disinfecting applications, the above substitute products are gaining market shares due to their non-toxic and degradable nature.
This hypochlorite bleaches market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global hypochlorite bleaches market as a part of the global commodity chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hypochlorite bleaches market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the hypochlorite bleaches market encompasses successful business strategies deployed by the key vendors. The hypochlorite bleaches market is fragmented and the vendors are deploying growth strategies such as focusing on distinguishing their product offerings through clear and unique value propositions to compete in the market.
Aditya Birla Management Corporation Pvt. Ltd. - The company offers hypochlorite bleaches that are used in application such as food, home and personal care, and pharmaceuticals.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The hypochlorite bleaches market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the hypochlorite bleaches market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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37% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for hypochlorite bleaches in APAC. Market growth in this region will be faster than the growth of the market in the North American and South American regions.
The continuous demand for bleaching products from many end-user industries will facilitate the hypochlorite bleaches market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 impacted the operation of many end-user industries during the first half of 2020. However, due to COVID-19 demand for disinfectants has increased in the healthcare sector, food industry, residential. Moreover, The World Health Organization (WHO) has issued guidelines on the hygiene standards to be followed by healthcare facilities will drive the demand for hydrochloride bleaches in APAC during the forecast period.
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The hypochlorite bleaches market share growth by the sodium hypochlorite segment will be significant during the forecast period. Sodium hypochlorite is commonly preferred as liquid bleach. It is largely used in laundry bleaching products and household cleaners. The use of household bleach has increased over the past few years due to growing concerns over the spread of infectious diseases. The rising concerns over the spread of infectious diseases like COVID-19 in the past two years will increase the demand for and use of sodium hypochlorite in many industrial applications during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the hypochlorite bleaches market size and actionable market insights on post COVID-19 impact on each segment.
Hypochlorite Bleaches Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 6.81% |
Market growth 2022-2026 |
$ 395.92 million |
Market structure |
Fragmented |
YoY growth (%) |
8.97 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 37% |
Key consumer countries |
US, China, India, UK, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Aditya Birla Management Corporation Pvt. Ltd., AGC Inc., American Elements, ANSA McAL Group of Companies, Arkema SA, DCM Shriram Ltd., Ecoviz Kft, Hawkins Inc., INEOS Group Holdings SA, Merck KGaA, Nouryon Chemicals Holding BV, Odyssey Manufacturing Co., Olin Corp., PCC SE, Shijiazhuang Xinlongwei Chemical Co. Ltd., Somavrac Group, The Andhra Sugars Ltd., Tianjin YuFeng Chemical Co. Ltd., Tosoh Corp., and Vynova Beek BV |
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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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