Hypochlorous Acid Market Share 2019 | Key Players are Kemin Industries, BASF, Lenntech, Arkema S.A., Nouryon

Asia Pacific Hypochlorous Acid Market demand led by Japan, China, and India may see significant growth. Hypochlorous acid is compatible with organic & inorganic chemicals, shows microbicidal properties and is highly stable when applied to counter bacteria, viruses, and fungi which helps in reducing inflation. An increase in the prevalence of skin problems such as acne, wrinkles, cold sores, and scars owing to sedentary lifestyles, inclination towards western foods with high-fat content, and rising pollution levels may trigger the market demand. In South Korea, over 40% of males were diagnosed with acne in 2018 owing to an increase in bacterial and microbial acne breakouts may have a positive impact on market growth.

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Hypochlorous Acid Market, By Product, 2014-2025 (Tons) (USD Million)
1. Sodium Hypochlorite
2. Calcium Hypochlorite
3. Others
Hypochlorous Acid Market, By Application, 2014-2025 (Tons) (USD Million)
1. Sanitizing Agent
2. Oxidizing Agent
3. Disinfecting
4. Others
Hypochlorous Acid Market, By End-Use, 2014-2025 (Tons) (USD Million)
1. Personal Care
2. Wound Management
3. Food & Agriculture
4. Oil & Gas
5. Water Treatment
6. Others

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Hypochlorous acid is widely used in wound healing solutions as it helps in dissolving biofilms that are formed on chronic wounds that prevent healing and increase the risk of blood toxicity levels. The global wound healing market was over USD 30 billion in 2018 owing to rising acute and chronic wounds, low platelet counts, and hemophilia which results in slows down the rate of the wound healing process. Hypochlorous acid aids faster healing as its application results in nearly eight hours of keratinocyte cell line mitigation in comparison with other wound healing products such as iodine, which may trigger the hypochlorous acid market demand.

Increasing consumer awareness regarding the importance of clean water and stringent government regulations to safeguard the supply of water may foster hypochlorous acid market share. In Belgium, the wastewater treatment market was over USD 50,0000 in 2018 and expected to witness significant growth owing to rapid urbanization and increasing population. Hypochlorous acid possesses stable disinfectant properties and is added to public water supplies to treat disease-causing pathogens such as protozoans, bacteria, and viruses that commonly palpate in water supply reservoirs and on the walls of storage tanks. It is one of the most effective biocides, shares weak acid bonds and is produced in the human body to fight infection and kill invasive organisms which makes it safe for human and animal consumption thereby having a positive impact on hypochlorous acid market growth.

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Global hypochlorous acid market share is fragmented as market consist of several small, medium and major market players. Companies such as Kemin Industries, BASF, Lenntech, Arkema S.A., Nouryon, Lonza, Kuehne Company, Tosoh Corporation, Aditya Birla Chemicals, Surpass Chemical Company, Ultrapure HOCL, AGC Chemicals, Westlake Chemical Corporation, Tianjin Ruifuxin Chemical, and Westlake Chemical Corporation are key players in the market.

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