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The hypochlorous acid market share is expected to increase by USD 19.02 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 1.09%.
This hypochlorous acid 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 hypochlorous acid market segmentation by product (sodium hypochlorite, calcium hypochlorite, and others), application (water treatment, cleansing products, disinfectants, food and agriculture, and others), and geography (North America, APAC, Europe, South America, and MEA). The hypochlorous acid market report also offers information on several market vendors, including Aditya Birla Group, AGC Chemicals Pvt. Ltd., BASF SE, INEOS Group Holdings SA, Kuehne Chemical Company Inc., Lenntech BV, Occidental Petroleum Corp., Olin Corp., The Clorox Co., and Ultrapure HOCL Pty Ltd among others.
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The growing demand for water treatment is notably driving the hypochlorous acid market growth, although factors such as the toxic effects of hypochlorous acid 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 hypochlorous acid industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Hypochlorous Acid Market Driver
One of the key factors driving growth in the hypochlorous acid market is the growing demand for water treatment. Hypochlorous acid is used in the water treatment industry due to the convenience of storage, transport, and use; cost-effectiveness; and non-toxicity to humans and animals. Due to these factors, there is a high demand for hypochlorous acid from the water treatment industry, which is catering to the growth of the global market. Rising awareness among people, growing demand for clean water, and increase in production of industrial wastewater have led to high demand for hypochlorous acid. These are the factors driving the growth of the water treatment market. The promotion of water treatment systems by major economies due to water scarcity in APAC is another major factor contributing to the growth of the global hypochlorous acid market.
Key Hypochlorous Acid Market Challenge
The toxic effects of hypochlorous acid will be a major challenge for the hypochlorous acid market during the forecast period. Hypochlorous acid has oxidative properties that can cause injury to the skin and tissues on high exposure resulting in inflammation, asthma, and respiratory damage in humans. Moreover, when hypochlorous acid is mixed with other household cleaners, it releases toxic gases. Hypochlorous acid is a dangerous and corrosive substance. When the acid is exposed to air, it disintegrates. When released in water bodies, it harms marine wildlife and decreases biodiversity. These negative effects have limited the use of hypochlorous acid in various applications and hampered the growth of the global market.
This hypochlorous acid 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 2021-2025.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the hypochlorous acid market encompasses successful business strategies deployed by the key vendors. The hypochlorous acid 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.
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 hypochlorous acid 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.
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47% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for hypochlorous acid in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rising number of commercial end-users in APAC is fueling the demand for surface disinfectants. This will facilitate the hypochlorous acid 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.
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The hypochlorous acid market share growth by the sodium hypochlorite segment will be significant during the forecast period. The global sodium hypochlorite market is growing significantly. An increase in demand for disinfectants and anti-microbials is driving the market. The growth is mainly affected by consumer concern over foodborne pathogens and outbreaks of influenza. Highly publicized outbreaks have generally been the result of lapses in proper sanitation techniques in food and beverage processing. These factors are generating demand for sodium hypochlorite, which, in turn, will drive the global hypochlorous acid market growth.
This report provides an accurate prediction of the contribution of all the segments to the growth of the hypochlorous acid market size and actionable market insights on post COVID-19 impact on each segment.
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Hypochlorous Acid Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 1.09% |
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Market growth 2021-2025 |
$ 19.02 million |
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Market structure |
Fragmented |
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YoY growth (%) |
0.62 |
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Regional analysis |
North America, APAC, Europe, South America, and MEA |
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Performing market contribution |
APAC at 47% |
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Key consumer countries |
US, China, Germany, Japan, Canada, and India |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Aditya Birla Group, AGC Chemicals Pvt. Ltd., BASF SE, INEOS Group Holdings SA, Kuehne Chemical Company Inc., Lenntech BV, Occidental Petroleum Corp., Olin Corp., The Clorox Co., and Ultrapure HOCL Pty Ltd |
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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 |
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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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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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