Bleaching Agents Market 2023 | Worth US$ 1,072 Million by 2028 | Growth Rate (CAGR) of 4% | IMARC Group
The global bleaching agents market size reached US$ 842 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,072 Million by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
A bleaching agent is a chemical product that is widely used domestically and industrially to remove stains or whiten the color of materials. The bleaching reactions include reductive or oxidative processes that aid in degrading color systems from products. They involve the modification or destruction of chromophore groups in the substrate and the degradation of color bodies into soluble units that can be easily removed in the process of bleaching. As a result, they are widely available in liquid form as a dilute solution of sodium hypochlorite as well as a powdered form comprising the formulation of calcium hypochlorite. Some of the commercially available bleaching agents include chlorine, calcium, sodium, and peroxide bleaching agents.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The escalating demand for bleaching agents for the industrial sector majorly drives the global market. This can be supported by the increasing product utilization for textiles, electrical and electronics, healthcare, pulp and paper, construction and water treatment. Additionally, the widespread product adoption in the food and beverage industry in the preparation of bakery dough helps in enhancing the structure and elasticity of the dough, catalyzing the market on the global level. Coupled with this, bleaching agents are also used as an additive in flour to decolor its yellowish appearance is acting as a growth-inducing factor.
Moreover, numerous manufacturers are introducing chlorine-free or green bleaching agents with low emissions and the chemical residue is creating a positive market outlook. Some other factors driving the market include the widespread product adoption in the production of cosmetic and beauty products and rapid industrialization.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these key players include:
• Aditya Birla Chemicals
• Hawkins, Inc.
• Siemer Milling
• Supraveni Chemicals
• Spectrum Chemicals
• Gujarat Alkalies and Chemicals
• The Procter & Gamble Company
• The Clorox Company
Market Breakup by Product Type:
• Hydrogen Peroxide
• Ascorbic Acid
• Acetone Peroxide
• Chlorine Dioxide
Market Breakup by Form:
Market Breakup by End-User Industry:
• Pulp and Paper
• Electrical and Electronics
• Water Treatment
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
• Scope and Methodology
• Executive Summary
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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