Press release
Hypochlorous Acid Market Strong Development By Major Eminent Players, Emerging Technology Trends
Hypochlorous acid is a weak acid formed by dissolving chlorine in water. It possesses excellent microbial and oxidizing properties. It is used as a disinfectant agent in medical, water treatment, and food additives in food & beverages industry.
Sodium hypochlorite and calcium hypochlorite are the two types of hypochlorous acid. Sodium hypochlorite is a widely consumed hypochlorous acid. Sodium hypochlorite can be easily stored and transported. It is more effective than chlorine gas in various applications.
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Hypochlorous acid is employed in various end-user industries such as water treatment, wound management, food & beverages, oil & gas, and personal care. Demand for hypochlorous acid in the wound management segment is projected to rise significantly in the near future. Hypochlorous acid acts as an excellent disinfectant in wound healing applications. It accelerates the healing process of any wound and other infections such as eye infection, ear infection, etc. Hypochlorous acid has excellent disinfectant properties, which help destroy pathogens, bacteria, and fungi.
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Key drivers of Hypochlorous Acid market
Rise in demand for oxidizing and disinfecting agents in order to provide quality water is driving the global hypochlorous acid market.
Hypochlorous acid is highly cost effective. It is non-toxic to humans and animals. Therefore, it is highly preferred in the water treatment industry.
Rise in usage of hypochlorous acid in sterilizing bacterial infection by drying out blood cells is boosting its demand in the medical industry.
Hypochlorous acid is also used as an active sanitizing agent in swimming pools and skin cleansing agent in cosmetic applications.
It is used in the manufacture of calcium hypochlorite (Ca(OCl)2) and sodium hypochlorite (NaOCl), which are further used in the manufacture of disinfectants, bleaches, and deodorants.
Food & Beverage Industry and Wound Management to offer attractive opportunities
Increase in usage of hypochlorous acid in the food & beverages industry is estimated to provide lucrative opportunities to manufacturers of hypochlorous acid in the near future.
Hypochlorous acid is used for cleaning food processing equipment and dish washers. It is also employed as food additive in processing poultry products and seafood products.
Hypochlorous acid is gaining momentum as a potential wound care agent in the pharmaceutical industry. It is a highly effective wound irrigation solution, which is entirely safe for human tissues. It aids in elimination of unpleasant wound odor and removes bacteria from wound surface.
Hypochlorous Acid may form Explosive Gas in Concentrated Form likely to Restrain Market
Hypochlorous acid is highly dangerous and can form explosive gas if used in concentrated form. This is anticipated to restrain the market during the forecast period.
When exposed to air, it disintegrates and causes nausea, abdomen pain, etc. If released in water bodies, hypochlorous acid may harm aquatic animals, thereby adversely affecting biodiversity. These factors are estimated to restrain the demand for hypochlorous acid during the forecast period.
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Asia Pacific Expected to Hold Leading Share in the Global Hypochlorous Acid Market
In terms of region, the demand for hypochlorous acid can be split across five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
In terms of consumption, Asia Pacific dominated the global hypochlorous acid market in 2018. Developing economies such as China, India, Vietnam, and Indonesia are the leading consumers of hypochlorous acid in Asia Pacific.
Rapid industrialization and increase in demand for sodium hypochlorite in chemical, agriculture, and pharmaceutical industries are anticipated to fuel the hypochlorous acid market during the forecast period.
Demand for hypochlorous acid in countries in Europe such as Germany, France, and the U.K. is projected to increase during the forecast period primarily due to the rise in demand for sodium and calcium hypochlorite in the food & beverages industry in the region.
The U.S. is the leading consumer of hypochlorous acid in North America. Increase in demand for hypochlorous acid in industrial applications such as cooling water treatment is propelling the market in the U.S.
Latin America and Middle East & Africa are highly dependent on hypochlorous acid import. This is likely to hamper the sales of hypochlorous acid in these regions. However, production capacity expansion by various manufacturers in Brazil, Mexico, and GCC is expected to augment the demand for hypochlorous acid in Latin America and Middle East & Africa during the forecast period.
Key Players in Hypochlorous Acid Market:
New product launches and mergers & acquisitions are the key strategies adopted by top players operating in the market. For instance, in 2018, URGO Medical, a leading player in wound care products, entered into an asset purchasing agreement with REALM Therapeutics, a biopharmaceutical company based in the U.S. REALM Therapeutics engages in research activities to discover new hypochlorous acid based treatments for atopic dermatitis and allergic conjunctivitis. This acquisition is expected to help URGO Medical become the leading player in advanced wound care business across the globe.
Key players operating in the global hypochlorous acid market include
Lenntech B.V.
BASF SE
Arkema S.A.
Lonza.
Inovyn Chlorvinyls Limited
Olin Corporation
Nouryon (Previously under Akzo Nobel N.V.'s coating division)
Occidental Petroleum Corporation
Kuehne Company
AGC Chemicals
Surpass Chemical Company, Inc.
Westlake Chemical Corporation
Clorox Company
Tianjin Ruifuxin Chemical
Tosoh Corporation
Aditya Birla Chemicals
Aqualution Systems Ltd
Ultrapure HOCL (Pty) Ltd
Others
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Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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