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COVID-19 to Impact Demand Growth of bleaching agents market | Key Players are BASF, Solvay, Kemira, Arkema, Ashland, Clariant Evonik, AkzoNobel, DowDuPont
bleaching agents market
In addition, they are significantly used during the construction of pipelines to maintain the internal smoothness resulting in reduced drag inside the pipeline, so that it offers efficient pumping power helping to increase piping capacity and length.
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Companies focusing on expanding business units for manufacturing Drag Reducing Agents (DRA) will drive the segmental growth. For instance, Innospec Inc. launched a new DRA facility in Pleasanton, California citing the increasing product demand in pipeline construction over the upcoming years. Bleaching agents market from reducing agent segment is likely to grow at a CAGR of over 5% during the forecast period.
Bleaching agents are used for several disinfecting applications in health-care facilities including chlorination of drinking water, cleaning of floor and other surfaces, disinfection of laundry, disinfection of equipment, decontamination of medical waste and chlorination of other water distribution systems used in various treatments. As per the Agency for Healthcare Research and Quality, hospital borne infections are have become more common among people receiving hospital care.
Thereby, increasing use of hospital bleaches and disinfectants in order to ensure patient care will drive the healthcare application share during the forecast timeframe. Bleaching agents market from healthcare application accounted for a significant revenue share of over USD 2.5 billion in 2017, and is further projected to continue rising through 2025.
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Global bleaching agents market size is poised to experience exponential growth in the upcoming years. Bleaches are prominently used in numerous end-use sectors including construction, healthcare, and pulp & paper, among others. Harsh and alkaline characteristics of bleaching products help in deep cleaning.
Currently, a number of emerging economies across the globe are facing immense water scarcity and an increase in ground water adulteration. This is not only negatively impacting human health but has become a major concern for the aquatic ecosystem. Growing water pollution and the need for clean drinking water in developing regions will definitely propel the consumption of bleaching agents.
Major key players in the bleaching agents market like BASF, Solvay, Kemira Oyj, Arkema, Ashland, Clariant Evonik, AkzoNobel, DowDuPont, Sigma-Aldrich Co., Mitsubishi Inc., Aditya Birla Inc., PPG Industries, Inc., PeroxyChem, Hawkins Inc., Gujarat Alkalies and Chemicals, Supraveni Chemicals, Spectrum Chemicals Manufacturing Corporation, Engrain, Spartan Chemical Company, and The Clorox Company.
Browse More News:
https://www.globenewswire.com/news-release/2019/10/17/1930983/0/en/Hypochlorite-Bleaches-Market-revenue-to-cross-USD-340-Million-mark-by-2025-Global-Market-Insights-Inc.html
https://www.prnewswire.com/news-releases/hydrogen-peroxide-market-valuation-to-exceed-6-2-billion-by-2026--says-global-market-insights-inc-301058928.html
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