Press release
Bleaching Agents Market Report, Regional Outlook, Competitive Analysis & Forecast by 2017 - 2024.
Increasing usage of bleaching agents in various sectors such as construction, textile, pulp & paper and in electrical & electronics were the major factors which drove the product demand in past few years. The new concept of chlorine free bleach or green bleach is gaining popularity especially across household and textile industry. Owing to this, the use of hydrogen peroxide has increased as it does not leave harmful chemical residues on clothes and is environment friendly. Hence, manufacturers are now focusing on production of oxygen based and biodegradable bleach as it is gentle on environment and safe to use on colorful clothes.
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Adoption of bleaching agents in medical and cosmetic is likely to boost bleaching agent market growth in the coming years. Moreover, product demand in water treatment industry is increasing rapidly which is another factor estimated to support the bleaching agents market growth over the forecast timeframe. Health issues related to product such as damage to eye, skin, lung and stringent government regulations related to product usage in various countries may restrain the global bleaching market size growth over the forecast timespan.
There are two types of laundry bleach, chlorine and oxygen. Generally, chlorine bleach is used in textile, pulp & paper and waste water treatment applications. It comes in liquid form and can occasionally be found in powder form. It contains sodium chloride diluted with water. This product is a very powerful bleach due to which isn’t safe for many fabric types. Oxygen bleach is safe for use and does not remove color or patterns from clothes. It removes stains and even brightens color if used in appropriate quantity. In addition, oxygen bleach is biodegradable in nature which makes it more desirable and over the next few years it is anticipated to register a healthy growth rate.
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Asia pacific shall be the fastest growing region for global bleaching agents market. Product demand in this region is likely to be driven by gradual rise in consumption of hydrogen peroxide in pulp & paper and chemical industries in countries including India and China. In addition, wastewater treatment industry in Asia Pacific is growing with prominent CAGR and shall generate revenue close to USD 674.72 billion globally by 2024 among which half of the contribution is likely to come from Asia Pacific. Elevated level of water sources contamination globally was a major reason behind increasing demand for waste water treatment solutions in recent times.
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Major players in the bleaching agents market includes Solvay, Kemira Oyj, Arkema, Ashland, BASF, Clariant Evonik and AkzoNobel Other prominent vendors in industry are DowDuPont, Sigma-Aldrich Co., Mitsubishi Gas Chemical Company, Inc., Aditya Birla Inc. and PPG Industries, Inc. In January 2016, AkzoNobel acquired full control of hydrogen peroxide joint venture of EkO peroxide LLC and OCI proxygene LLC. Hydrogen peroxide is a key component of AkzoNobel’s bleaching chemical portfolio and this acquired subsidiary produces 70,000 tons hydrogen peroxide per annum. This acquisition will strengthen the company’s position in bleaching agents market in North America.
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