Global Sodium Hypochlorite Market Trends, Applications, Analysis, Growth, and Forecast to 2027

Global Sodium Hypochlorite Market Overview 

"The Sodium Hypochlorite Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

This report is based on the synthesis, analysis, and interpretation of various sources of information gathered regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact on making informed forecasts about the scenarios in the future.

Sodium hypochlorite (NaOCl), also known as bleach, is a pale greenish-yellow color diluted solution. Sodium hypochlorite (NaOCl) is an unstable and highly corrosive solution with a pungent odor.  It is used as an oxidizer, bleaching agent, or disinfectant. It is mainly used in the water treatment industry for the removal of fouling smell from water and also as a water disinfectant and surface purifier.

Increasing demand for sodium hypochlorite from the water treatment industry is a major factor propelling growth of the global sodium hypochlorite market. In addition, increasing adoption of sodium hypochlorite for medical and household purposes is another factor expected to further fuel growth of the target market in the near future. Furthermore, rising use of sodium hypochlorite as an oxidizing agent in chemical industry is further expected to support growth of the target market in the near future.

However, stringent government regulations on use of sodium hypochlorite is a major factor hampering growth of the global sodium hypochlorite market to a certain extent over the forecast period.

Currently, the market in Asia Pacific accounts for highest market share in the global sodium hypochlorite market in terms of revenue and is expected to witness highest growth in terms of revenue over the forecast period. This growth can be attributed to rising demand for sodium hypochlorite in water treatment plants and in agricultural sector in countries in the region.

The market in North America and Europe is also expected to register significant growth over the forecast period, owing to rising demand for sodium hypochlorite from various industries such as pharmaceutical and healthcare. The market in Latin America and Middle East & Africa is expected to register moderate growth during the forecast period.

Global Sodium Hypochlorite Market Segmentation:

Segmentation on the basis of function:

• Oxidizing
• Bleaching
• Odor removal
• Water disinfection

Segmentation on the basis of end-user:

• Agriculture
• Chemical
• Water Treatment
• Paint
• Others (pharmaceutical, textiles, healthcare, and domestic)

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa