The Global Hypochlorite Bleaches Market size is forecast to reach $3 billion by 2025, after growing at a CAGR of 9% during 2020-2025. The global market hypochlorite bleaches market is growing substantially during the forecast period due to rise in concerns over the spread of infectious diseases, increasing population, surging requirements for clean water, and the scarcity of freshwater in densely populated areas primarily in the Asia-Pacific region. The scarcity of freshwater further raises the need of hypochlorite bleaches to recycle used water to drinking water quality and to desalinate seawater for drinking water supply. This growing need would further propels the growth of global Hypochlorite Bleaches Market size during the study period.
Product Type - Segment Analysis
The Sodium Hypochlorite segment hold the largest share of more than 25% in the global Hypochlorite Bleaches market in 2019 and is in projected to grow at a significant rate during the forecast period. This growth is attributed to the due to growing demand for sodium hypochlorite from household and food industry. Additionally, growing municipal/industrial water treatment activities in the African countries further drives the demand Hypochlorite Bleaches over the forecast period.
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Application - Segment Analysis
The paper & pulp segment held the largest share of more than 25% in the global hygiene adhesive market in 2019. This is attributed to the growing demand for better packaging and rise in packaging applications, such as containerboard and carton board/boxboards globally. Besides, the growth of the e-commerce sector is also contributing to the growth of this segment due to the. The growing paper and paperboard production in the US. Japan, and China are further contributing for the growth of this segment during the forecast period.
Geography - Segment Analysis
Among the regions, the APAC region is projected to witness the highest CAGR of around 11% in the global Hypochlorite Bleaches market followed by North America and Europe during the forecast period. The growing population, changing lifestyle, and developing food industry across the country. The growing investment by the key players such as Johnson and Johnson and Unilever across the region is fuelling the growth of this market in the APAC region. Furthermore, the growing swimming pools and waste water treatment activities across emerging country like China and India and increasing the adoption of hygiene products across the country contribute to the growth of global Hypochlorite Bleaches market share.
Drivers – Hypochlorite Bleaches Market
Growing water and waste water treatment activities
The use of hypochlorite bleaches offers various benefits such as softening the water and chlorination destroys most waterborne germs to help keep drinking water safe, which makes it extensively useful for various applications such as surface purification, bleaching, odor removal, and water disinfection. Furthermore, the growing health awareness among the consumers and rise in water treatment facilities in municipalities and industries are also contributing to the growth of the demand for hypochlorite bleaches market over the forecast period. Additionally, the Middle East and North Africa region highly depends on seawater desalination systems to supply drinking water to people and industries owing to water scarcity across the regions. Besides, according to the Unites Nations Water Publication, due to growing industrial and domestic sector the demand for water is expected to grow from 20% to 30% above by 2050 from the current level of water use. This growth increases the need of water and waste water treatment activities, which in turn drives the growth of this market.
Implementation of Stringent Environment Regulations
The growing environmental awareness among consumers and stringent environment norms from developed and developing regions drive the demand for Hypochlorite Bleaches with low volatile organic compounds (VOC). Governments globally are focusing on green practices for reducing the impacts of chemicals on human health and the environment. At present, Hypochlorite Bleaches are required to meet the inevitably strict environmental standards, as developing countries like China and India are updating instructions to control VOC which will further boost the adoption of Hypochlorite Bleaches.
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Challenges – Hypochlorite Bleaches Market
Fluctuating raw material prices
There are various factors responsible for the fluctuation of the raw materials such as geopolitical issues between countries, trade war, inflations, employability, labor cost, and growing population. For instance, in 2019, the trade war between the US and China has a major impact on the manufacturers, suppliers, and distributors of hypochlorite bleaching products.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Hypochlorite Bleaches market report. In 2019, the market of Hypochlorite Bleaches top 10 companies accounting for xx% of the share. Major players in the Hypochlorite Bleaches Market industry outlook are Carus Corporation, Aditya Birla Chemicals, Odyssey Manufacturing Co., AG Chemi Group, Nouryon, H. Krevit & Company, Arkema, Inoyn, Tianjin yufeng chemical co. Ltd., Electrolytic Technologies, Olin Chlor Alkali Products & Vinyls, SHIJIAZHUANG XINLONGWEI CHEMICAL CO.,LTD., TOSOH Corporation, Organic Industries Ltd, ACURO ORGANICS LIMITED, Mabuhay Vinyl Corporation, Groupe Somavrac, ANSA McAL Chemicals Limited, among others.
In January 2017, UGSI Solutions, Inc., acquired the PAX Water Technologies. The disposable hygiene solutions for baby care pants and wetness indicator issues. Through this acquisition, the company is making their presence in the North America region by improving water quality and their distribution network.
In the Asia-Pacific region, in 2019, China and India are the major market for the Hypochlorite Bleaches owing to growing population and urbanizations.
The growing popularity of environment-friendly bleaching powder and economically viable technologies is likely to aid in the market growth of global Hypochlorite Bleaches industry.
In the United States, the sodium hypochlorite is used principally as a laundry bleach or household cleaner due to growing concerns over infectious diseases among the consumer.
1.Sodium Hypochlorite Market
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