What's driving the Bleaching Agents Market Growth? Kay Players are Sigma-Aldrich, The Clorox Company, DowDuPont, AkzoNobel, Evonik, Clariant, Ashland, Arkema, Kemira, Solvay, BASF

Bleaching Agents Market is forecast to exceed USD 55 billion; according to a new research report. Escalating water pollution and awareness for consuming clean drinking water in the developing countries are expected to expand the bleaching agents market in the coming years. Many emerging nations globally are presently facing a huge scarcity in the level of disposable water and increase in the ground water adulteration. This is not only affecting the human health but also raising a major concern for the aquatic life. Thereby, mounting concerns for aquatic life and consumables will propel the industry share during the expected timeframe.

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Growth drivers

1. Rising water treatment activities globally

2. Increasing paper production in Asia Pacific

Bleaches are extensively used in several end user industries such as pulp & paper, healthcare, construction etc. owing to its harsh and alkaline properties that helps in deep cleaning. These properties carry strict regulations from various government, which may become a barrier in the bleaching agents market during the forecast timespan. However, rise in the use of eco friendly substitutes such as phenolic disinfectants, hydrogen peroxide and pine oil, due to its subdued and safe properties instead of harsh and coarse bleaches will significantly generate copious opportunities for the bleaching agent market during the projected time period.

Reducing agents bleaches registers a CAGR over 5% during the forecast period. Reducing agents are used in regular cleaning areas for removing unwanted foreign substances such as stains, colors and spots. These are extensively used in the textile industry owing to its color removal property. Presently, the reducing agents are being significantly used in the construction of pipelines for reducing the drags inside the pipeline. It helps in diminishing the pumping power and increase piping system capacity. Even several companies are focusing on increasing their business units for the production of Drag Reducing Agents (DRA). For instance, Innospec Inc. started a new facility to produce DRAs in Pleasanton, California to cater the growing demand in pipeline construction in the coming years.

Bleaching agents market for application in healthcare recorded a revenue more than USD 2.5 billion of the total industry size in 2017. Bleaching uses in health-care facilities include hyperchlorination of potable water to prevent cleaning of environmental surfaces, chlorination of water distribution systems used in hemodialysis centers, legionella colonization, disinfection of laundry, disinfection of equipment, decontaminate blood spills, decontamination of medical waste and dental therapy. According to the Agency for Healthcare Research and Quality, health care-associated infections are the most common complication among people receiving hospital care. The aforementioned situation can propel the use of hospital bleaches and disinfectants directly swelling the bleaching agent industry share in the near future.

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Europe bleaching agents market is likely to grow at a CAGR of over 5% during the expected timeframe. Countries such as Germany, Netherlands and Austria are three EU members that follow the EU Urban Waste Water Treatment Directive due to which the consumption of bleaching agents in the countries is higher that is subsequently expanding the bleaching agent industry in the region. Many cold areas in Europe suffer from lack of consumable water. Highly populated EU25 countries including Germany, Italy, Poland, Spain and the southern UK, have the least available water per capita. This scarcity of consumable water will require proper water management and treatment directly swelling the bleaching agents market share during the expected timespan.

Bleaching agents market share is exceedingly competitive, with several key players accounting for the total industry size. The major players include Clariant Evonik, Arkema, BASF, AkzoNobel, Solvay, DowDuPont, Ashland, Mitsubishi Inc., Sigma-Aldrich Co., Aditya Birla Inc., Kemira Oyj and PPG Industries.

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