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E-Commerce Is The Fastest Growing Segment Fueling The Growth Of Sodium Hypochlorite Market

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Lucy Kart
E-Commerce Is The Fastest Growing Segment Fueling The Growth Of Sodium Hypochlorite Market

Sodium hypochlorite is commonly used as a disinfectant, bleaching agent and oxidizing agent. It finds wide applications in wastewater treatment, household cleaning applications, medical disinfection and sanitizing in food industries. Its powerful oxidizing and bleaching properties make it highly effective in disinfecting water and surfaces.

The global Sodium Hypochlorite Market is estimated to be valued at US$ 67.69 Mn in 2023 and is expected to exhibit a CAGR of 28.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the major trends in the sodium hypochlorite market is the rising demand from e-commerce industry for sanitization and disinfection purposes. With increasing penetration of internet and rise in online shopping, e-commerce platforms are focusing on maintaining hygiene to ensure safety of customers. Sodium hypochlorite effectively kills pathogens and is widely used for surface disinfection and sanitization of warehouses and distribution centers. Its low cost and easy availability further drive its adoption in the e-commerce industry. Rapid growth of e-retailing especially in developing nations is projected to propel the demand for sodium hypochlorite over the forecast period.

Segment Analysis

The global sodium hypochlorite market is segmented into product type and application. By product type, the market is classified into sodium hypochlorite solution and sodium hypochlorite powder. Among these, the sodium hypochlorite solution segment holds the largest share as it is more commonly used in industries such as water treatment and pulp & paper. It is used as a disinfectant for treating industrial wastewater.

Key Takeaways

Global Sodium Hypochlorite Market Size is expected to witness high growth, exhibiting CAGR of 28% over the forecast period, due to increasing demand from pulp & paper, water treatment, and other industries.

Regional analysis

Asia Pacific region dominates the global sodium hypochlorite market and is expected to grow at the fastest rate during the forecast period. This is due to the growing pulp & paper and water treatment industries in the region owing to rapid industrialization and urbanization in emerging economies such as China and India.

Key players

Key players operating in the sodium hypochlorite market are BASF Chemicals, Odyssey Manufacturing Co., Aditya Birla, AGC group, Orica Watercare, Akzo Nobel, Shanghai Polymet Commodities Ltd., Sumitomo Chemicals, Solvay Chem, Sunbelt Chemical Corporations, Arkema Group, Surpress Chem, and Ineos.

Some of the key players like BASF Chemicals and Odyssey Manufacturing Co. are focusing on expanding their production capacities to meet the growing demand from end-use industries globally. New product development is also one of the key strategies adopted by major players to gain a competitive edge in the market.


Get More Insights on this TOpic- https://www.dailyprbulletin.com/sodium-hypochlorite-market-demand-future-analysis-and-outlook/

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