03-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Sodium Hypochlorite Solution Market By Type (20% Solution, 10% Solution, and Others), and By Application (Chemical Use, Agricultural Use, Water Treatment, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global sodium hypochlorite solution market in 2019 was approximately USD 6,000.00 Million. The market is expected to grow at a CAGR of around 3.0% and is anticipated to reach around USD 7,700.00 Million by 2026.
Sodium hypochlorite (NaOCl) is a yellowish clear complex. Sodium hypochlorite has an eccentric fragrance. Sodium hypochlorite can be formed by two methods. In the first method, soft water (H2O) and concentrated brine solution of liquefied salts are electrolyzed, to form sodium hypochlorite solution (NaOCl) in water (H2O). In the second process chlorine gas (Cl2) is added to caustic soda (NaOH), to make sodium hypochlorite solution. Sodium hypochlorite is primarily utilized for water treatment in the waste-water industry. It can be effectively used as a bleaching agent, for the elimination of foul smell from water, water disinfectant, and surface purifier. In addition, it is widely utilized as antiseptic. Nonetheless, sodium hypochlorite is a corrosive and hazardous substance.
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Sodium hypochlorite solution help to relieve pain in elderly people is one of the most key factors fueling the growth of the global Sodium hypochlorite solution (NaOCl) market.
Increasing the adoption of sodium hypochlorite for water treatment applications is the key factor in the increasing importance of sodium hypochlorite solution through the medical and household sector. The global sodium hypochlorite solution (NaOCl) market is expected to grow owing to the in-demand by increasing customer awareness and an extensive focus on research and development by key players.
Increasing growth in end-user industries such as water treatment, paints, chemicals, and agriculture are anticipated to witness significant growth in the global sodium hypochlorite solution (NaOCl) market within the forecast period. Instability and hazardous nature of sodium hypochlorite due to its strong oxidizing properties may hamper the market’s growth. Research and development, innovations activities in the technology of the sodium hypochlorite solution and government regulatory rules for water treatment and management of industrial wastewater industries are anticipated to open new avenues for the sodium hypochlorite solution (NaOCl) market in the near future.
On the basis of type, the global sodium hypochlorite solution (NaOCl) market is segmented as a 20% solution, 10% solution, and others. Among which 20% solution segment was accounted for the major revenue share in the global sodium hypochlorite solution (NaOCl) market in 2019. A 20% solution segment delivers maximum value to customers. Sodium hypochlorite 20% solution is useful for getting rid of clinical stains and also to avoid the contamination caused by bacterial or microorganisms’ growth. Even when it gets diluted with the water result can be achieved in a very short time. The innovation in the sodium hypochlorite solution in recent years is expected to positively impact segment growth. In 2019, the sodium hypochlorite 20% solution segment was accounted for more than 40% of the global Sodium Hypochlorite Solution industries.
On the basis of application, the global sodium hypochlorite solution (NaOCl) market is categorized into chemical use, agricultural use, water treatment, and others. Among the aforementioned segment, the chemical use segment was accounted for more than 30.0% revenue share in 2019. Sodium hypochlorite is identified for its strong chemical use. It is mainly used as a disinfectant and the cleansing agent. Moreover, the sodium hypochlorite is also used chemically to remove the blood strains, cleansing of clothes, also used in the sterilization process for the disinfecting of the equipment and instruments, disinfecting the excreta, etc. It is showing that the market is estimated to grow further in the near future. The growth in the medical industry in the past few years has increased the demand for sodium hypochlorite solutions in the chemical industry sector.
On the basis of region, the global sodium hypochlorite solution (NaOCl) market is segmented into, Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. In 2019, the North American region dominates the sodium hypochlorite solution (NaOCl) market among all the regions followed by Europe in terms of value.
Some of the key players operating in the market include Akzo Nobel, BASF, Arkema, AGC, INEOS, Olin Chlor Alkali, Sumitomo Chem, Occidental, Vertex Chem, Aditya Birla, Orica Watercare, JSC Kaustik, Lenntech, Alexander Chemicals, and Alkaloid AD Skopje, among others.
This report segments the global sodium hypochlorite solution (NaOCl) market as follows:
Global Sodium Hypochlorite Solution Market: Type Analysis
- 20% Solution
- 10% Solution
- Others
Global Sodium Hypochlorite Solution Market: Application Analysis
- Chemical Use
- Agricultural Use
- Water Treatment
- Others
Global Sodium Hypochlorite Solution Market: Regional Analysis
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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