The demand for hypochlorite bleaches is expected to reach USD 305.03 million globally in 2023, with a compound annual growth rate of 5.4% expected to reach USD 516.11 million between 2023 and 2033.
The demand for water treatment operations in the area has been exacerbated by increased industrial activity and pollution. The market is projected to rise due to the increased demand for clean and drinkable water in the area due to growing consumer awareness of healthy living.
New laws governing the water quality of home pools raise public awareness of conditions including cryptosporidiosis and shigellosis. More hypochlorite bleach chemicals are used for residential pool water treatment due to the increased need for easy preservation.
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Key Takeaways
- The hypochlorite bleaches business had a valuation of US$ 305.03 million in 2022.
- The hypochlorite bleaches business was expanding at a CAGR of 4.6% between 2018 to 2022.
- North America’s hypochlorite bleaches market expanded at a share of 23.1% in 2022.
- Europe’s hypochlorite bleaches market accounted for a 27.3% share in 2022. The main producers are increasing their production capacity in response to the rising demand for and use of bleaches.
“The study reveals that these bleaches continue to gain traction in sectors such as healthcare, sanitation, and textiles due to their effective disinfection and stain-removing properties. The research underscores the significant growth potential and increasing demand for hypochlorite bleaches in the global market.” says an Analyst at Future Market Insights (FMI).
Competitors Winning Strategies & Recent Developments:
- A joint venture between Union Chlorine L.L.C. and FATA SpA was established in August 2018 to produce 70 MT of caustic soda daily. The plant also generates hydrochloric acid and sodium hypochlorite in Phase I, with additional products aimed at the oil and gas industry planned for Phase II.
- In May 2017, KLJ Organic and Qatar Industrial Manufacturing Company established a joint venture that would aid both businesses in growing their chlor-alkali markets in the Middle East and Gulf nations. Caustic soda, calcium chloride, sodium hypochlorite, and hydrochloric acid are among the company’s product offerings.
- Mabuhay Vinyl Corporation (MVC) boosted the capacity of its Iligan Plant’s caustic soda and chlorine output by 68% in April 2022 at an investment expenditure of P630M. Related facilities for derivatives, such as liquid chlorine and hydrochloric acid, are part of the expansion.
Key Players in the Global Market
- Lion Apparel, Inc.
- Shijiazhuang Xinlongwei Chemical Co. Ltd.
- Shouguang Tianwei Chemical Co. Ltd.
- Ecoviz Kft
- JSC AVANGARD
- SAI CHEM CORPORATION
- Tianjin Yufeng Chemical Co. Ltd.
- Union Overseas Enterprise Ltd.
- United ChloroParaffin Pvt. Ltd.
- Mabuhay Vinyl Corporation
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Key segmentation
By Product Type:
- Sodium Hypochlorite
- Bleaching
- Surface Purification
- Odor Removal
- Water Disinfection
- Calcium Hypochlorite
- Potassium Hypochlorite
- Lithium Hypochlorite
By End-Use:
- Healthcare
- Domestic Uses
- Laundry
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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