Hypochlorous Acid Market growth with CAGR of 4.0% during the forecast period, 2019–2026

Hypochlorous Acid Market

Hypochlorous acid (chemical formula: HOCl) is a weak acid typically formed when chlorine dissolves in water. It is referred to by several names, including chloric acid, chloranol, hydrogen hypochlorite, and chlorine hydroxide. Hypochlorous acid is a more powerful oxidizer than chlorine and an effective sanitizing agent.

Growing demand for water treatment is a key factor contributing to the growth of the hypochlorous acid market. Hypochlorous acid is preferred in the water treatment industry as it is convenient to store, transport, and use. Additionally, its cost-effectiveness and non-toxicity to humans and animals further contribute to its popularity in the water treatment industry. The disinfecting properties of hypochlorous acid provide novel opportunities for its use in the water treatment sector. Hypochlorous acid finds application in oil & gas and chemical industries, and it is used as a cleaning agent in the processing of different materials, including textiles, rubber, and leather, among others.

The Major Players Covered in this Report:
Arkema S.A, Olin Corporation, Occidental Petroleum Corporation, Nouryon, Industria Química del Istmo, BASF SE, Kuehne Company, Lonza, Surpass Chemical Company Inc., and INEOS. 

The global hypochlorous acid market was valued at USD 7714.2 million in 2018 and is expected to reach USD 10557.42 million by 2026 with an anticipated CAGR of 4.0% during the forecast period, 2019–2026.

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By Type, Sodium Hypochlorite, Calcium Hypochlorite, Others

By Application, Sanitizing Agent, Disinfecting, Oxidizing Agent, Others

By End User, Water Treatment Industry, Textile Industry, Others

Segmentation Insights

The global hypochlorous acid market can be segmented by type, application, and end user.

Based on type, the market can be segmented into sodium hypochlorite, calcium hypochlorite, and others. The sodium hypochlorite segment is dominating during the forecast period as sodium hypochlorite, owing to its excellent bleaching properties, finds application in laundry and water treatment industries. Moreover, sodium hypochlorite is also widely utilized for its oxidizing and disinfection properties. Growing concerns regarding the prevalence of infectious diseases in recent years are also accelerating the demand for sodium hypochlorite as a household bleaching agent and disinfectant.

Based on application, the market can be segmented into sanitizing agent, disinfecting agent, oxidizing agent, and others. The oxidizing agent segment is dominating as the use of household bleach has been increasing since the last few years, due to rising concerns over infectious diseases. Natural calamities lead to poor sanitation, which surges the demand of hypochlorous acid from various applications.

Regional Analysis For Hypochlorous Acid Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Hypochlorous Acid are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the Hypochlorous Acid in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

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