by Sodium hypochlorite, also known as liquid bleach, is an inorganic salt having the formula NaOCl. It is widely used as a disinfectant and bleach. In the water treatment industry, sodium hypochlorite is used for drinking water disinfection and sewage treatment. Household bleach contains 3-6% sodium hypochlorite and is used as a disinfectant to kill microbes on surfaces. It also finds applications in cleaning products like laundry bleach, hard surface cleaners, and dishwashing detergents. The rising awareness about hygiene and cleanliness especially after the COVID-19 outbreak has increased the demand for disinfectants globally, flourishing the sodium hypochlorite market.
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 26.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the major drivers boosting the market growth is the rising usage of disinfectants. The ongoing COVID-19 pandemic has increased the focus on hygiene and cleanliness worldwide. Sodium hypochlorite is a widely used disinfectant in household cleaners, laundry bleach, surface disinfectants, and other products to kill germs and microbes. The surging demand for disinfectants from industries like healthcare, hospitality, food & beverage, and consumer goods is fueling the sales of sodium hypochlorite globally. Furthermore, the increasing infrastructure development activities in the water treatment sector are also propelling the sodium hypochlorite market as it is majorly used in water disinfection processes.
Segment Analysis
The sodium hypochlorite market is dominated by the water treatment segment, which holds around 75% share of the overall market. Sodium hypochlorite is widely used as a disinfectant in municipal drinking water treatment plants. It helps eliminate pathogens and microorganisms from water. Within the water treatment segment, drinking water treatment is the major sub-segment and will continue dominating the market over the forecast period due to rising demand for clean and disinfected drinking water worldwide.
PEST Analysis
Political: Stringent regulations regarding drinking water quality and hygiene across countries are positively impacting the sodium hypochlorite market. The EPA has set standards to limit contaminants and ensure water safety.
Economic: Growing population and rapid urbanization are increasing the demand for clean water. This is driving investments in water treatment infrastructure and boosting the sodium hypochlorite market.
Social: Rising awareness about water-borne diseases and importance of clean water is propelling the use of disinfectants like sodium hypochlorite for water treatment.
Technological: Advancements in water treatment technologies allow for accurate dosing of sodium hypochlorite and improve overall treatment efficiency. New technologies help achieve higher disinfection levels.
Key Takeaways
Global Sodium Hypochlorite Market Size is expected to witness high growth over the forecast period. 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 26.% over the forecast period 2023 to 2030.
Regionally, Asia Pacific holds the largest share and will continue dominating the market owing to strong growth in water treatment activities across countries like China and India. Water treatment in these countries caters to the rising needs of a huge population.
Key players operating in the sodium hypochlorite market are Alfalava, Asetek, CoolIT Systems, Green Data Center LLP, Green Revolution Cooling Inc., Horizon Computing Solutions, IBM Corporation, Midas Green Technologies, LLC, Rittal GmbH & Co. Kg., and Schneider Electric SE. Key players are focusing on capacity expansion plans to cater to the rising demand. For example, Green Revolution Cooling has doubled its production capacity to meet increased sales in the Asian markets.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
