Sodium Hypochlorite Market is Estimated to Grow at a CAGR of 5.01% | Valuates Reports
Sodium hypochlorite market is projected to grow at a CAGR of 5.01% during the forecast period 2020-2026.
Major factors driving the growth of sodium hypochlorite market are:
1. The growing urbanization and industrialization is leading to an increase in industrial wastewater production and in turn is expected to drive the global Sodium Hypochlorite market. Manufacturers are also mandated to treat industrial waste before releasing it in the water streams and rivers to lower the pollution level.
2. Furthermore, in light of the recent COVID-19 global pandemic, the sanitizer industry was one of the important sectors that saw massive global sales. Sodium hypochlorite is one of the most common feedstocks used in the formulation of hygiene and disinfection products around the world.
3. Increasing demand for everyday cleaning products.
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SODIUM HYPOCHLORITE MARKET SHARE ANALYSIS
• Based on application, the increased demand for clean drinking water in residential buildings, residences, businesses, and public malls, as well as demand for clean water in ponds, swimming pools, and bathing places, the water treatment segment is expected to be the most lucrative. Sodium hypochlorite is used to treat municipal water since it contains chlorine, a disinfectant that is effective against viruses and bacteria. The demand for this commodity is linked to population increase and urbanisation in developing countries.
• In the sodium hypochlorite market, Asia Pacific is predicted to be the most lucrative region. The low cost and simple availability of raw materials and manpower can be linked to the increased demand for liquid bleach. Because of its rapid population increase and inclining industrialization, China accounted for the largest share in the region.
• North America is expected to have significant growth, which may be attributed to the region's increased consumer awareness of cleanliness and hygiene, as well as the region's disposable income. The NaOCl market is growing due to rising demand in the medical industry for disinfecting beds and tables, hard surfaces, and surgical equipment.
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1. Hand sanitizer market: https://reports.valuates.com/market-reports/QYRE-Auto-24J66/global-hand-sanitizer
2. Water recycling system market: https://reports.valuates.com/market-reports/QYRE-Auto-12Y4129/global-water-recycling-system
3. Swimming pool chemical market: https://reports.valuates.com/market-reports/QYRE-Auto-23O73/global-swimming-pool-chemical
4. Water treatment technology market: https://reports.valuates.com/market-reports/QYRE-Auto-28V6016/global-water-treatment-technology
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