Bleaching Agents Market Report by Regional Analysis, Trend, Size, Share 2019 to 2024

Bleaching agents are the compounds which are used to remove colour from the substance. The bleaching processes involve modification or destruction of chromophore groups in the substrate, along with the degradation of colour bodies into smaller and more resolvable units. Moreover, bleaching agents are mostly used for cleaning, washing, wastewater treatment etc. Generally, bleaching agents comprises of oxidizing bleaching agents and reducing bleaching agents. Oxidizing bleaching agents do not contain chlorine and are based on peroxides such as hydrogen peroxide, sodium percarbonate, and sodium perborate. While, reducing agents are used to make sulphur dioxide which is used to bleach wool.

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The global bleaching agent market is growing significantly owing to rising demand from developing nations and rapid development in water treatment market. In addition to this, increasing disposable income & changing lifestyle is further expected to drive the market growth. In the future, the bleaching agent market growth is predicted to boost due to expansions in technology and rising consumption of bread and bakery related products. However, the toxicity level of some bleach and stringent government regulations for usage of bleaching agent are restraining the growth of the global belching agent market.

The report analyses the bleaching agent market based on type, form and end user industry and geography. Based on the type, the global bleaching agent market is segmented into azodicarbonamide, hydrogen peroxide, ascorbic acid, acetone peroxide, chlorine dioxide and others. The chlorine-based bleaching agent segment accounted for largest market share during the forecast period owing to its large-scale application in the production of calcium and sodium hypochlorite, which is mostly used as a purifier in wastewater treatment.

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Based on form, the global bleaching agent market is categorised into powder and liquid form. The powder form dominated the market in 2017 and accounted for largest share during the forecast period. The largest share is attributed to availability, ease of handling and longer life shell as compared to liquid form of bleaching agent. By end user industry, the global bleaching agent market is segmented into electrical and electronics, water treatment, construction, pulp and paper, textile, healthcare and food & beverage. Among these segments, the pulp & paper industry is expected to register highest CAGR, mainly due to increasing demand from the pulp & paper industry. Moreover, pulp & paper industry is the largest consumer of the bleaching chemicals.

The global bleaching agent market is geographically segmented into North America, Europe, Asia Pacific and rest of the world. Rest of the world includes Latin America & Middle East & Africa. North America is expected to be the fastest-growing region during the prediction period. North America is followed by Asia-Pacific owing to rising demand from emerging economic, large concentration of population rising demand from various end-user industries.

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Key participants of the global bleaching agent market include BASF SE, Christeyns, Clariant, Colgate-Palmolive Company., The Dow Chemical Company, Evonik, Hawkins, Inc., Kemira, MITSUBISHI GAS CHEMICAL COMPANY, INC., S. C. Johnson & Son, Inc., Shandong Huatai Interox Chemical, Spartan Chemical Company, Inc., The Clorox Company., Procter & Gamble. Unilever, Aditya Birla Management Corporation Pvt. Ltd., SHIJIAZHUANG XINLONGWEI CHEMICAL CO., LTD., Shouguang Tianwei Chemical Co., Ltd., Mabuhay Vinyl Corporation, LION Group, Inc. Moreover, expansion, mergers, collaboration and new product development are the key growth strategies adopted by the prominent players to reinforce the position in the global market and increase their customer base.

Key Questions Answered in Report:
• What are the future scope of global Bleaching agents market up to 2024?
• What are the challenges to market growth?
• Who are the key vendors in the global Bleaching agents market?
• What will the market size and the growth rate be in 2024?
• What are the key market trends impacting the growth of the global Bleaching agents market?

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This release was published on openPR.