Hypochlorous Acid Market Analysis: Steady Growth with a CAGR of 1.07% (2023-2030)

Demand for Effective Disinfectants to Drive Steady Growth in Hypochlorous Acid Market

Abstract: Global hypochlorous acid market is expected to experience steady growth over the forecast period, driven by demand for effective disinfectants across several industries, advances in production technologies and government support. The following press release highlights market estimates, drivers, opportunities, the U.S. market, the market segments, competitive landscape through the regional focus analysis, and finishes with future growth prospects.

Market Analysis and Market Estimation and Drivers and Market Opportunities

The global hypochlorous acid market size was valued at approximately USD 18.62 million in 2023, and it is expected to reach USD 20.06 million by 2030, growing at a CAGR of 1.07% over the forecast period.

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The reason behind this growth can be attributed to the oxidizing nature of the compound, owing to which it acts as a favourable compound in water treatment, sanitation and disinfection purposes.

Key growth drivers include:

Rise in Health Consciousness: There is a growing focus on hygiene and sanitation post lockdown and this has further increased the demand for disinfectants such as hypochlorous acid.

Rise in Demand for Green Disinfectants: Hypochlorous acid is non-toxic and environmentally friendly, which is a plus as many industries and consumers move toward eco-safe products.

Increased Need for Water Treatment: The combined effects of urbanization and industrialization have ramped up the need for efficient water treatment solutions, of which hypochlorous acid is an essential element, given its effectiveness against waterborne pathogens.

This is even enhanced by the market opportunities which include:

Technological Improvements: The improvements in the production and stabilization techniques are improving the quality and shelf-life of hypochlorous acid products and targeting new applications.

Emerging Market Growth: The use of hypochlorous acid is growing at a rapid pace in emerging economies especially in agriculture and healthcare, and the trend is expected to continue.

2024 Demand for U.S. Market Trends and Investments

2023 was a phenomenal year for the hypochlorous acid market in the U.S., so what were the major trends we have witnessed in 2024?! In January 2024, Sonoma Pharmaceuticals, Inc. launched LumacynTM Clarifying Mist. An over-the-counter product with stabilized hypochlorous acid to calm inflamed skin, is an example of a recent trend towards hypochlorous-acid based personal care products among consumers.

. Other FDA regulations continue to be implemented - especially regarding sanitizers used in food processing and the requirement to kill pathogenic microorganisms on food-contact surfaces. Such regulation has resulted in the fast adoption of hypochlorous acid as the disinfectant of choice across all industries.

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The Most Market Share In Market Segmentation

The report offers a detailed segmentation of the global hypochlorous acid market based on application, end-user, and region. Of these, the segment of water treatment application has the largest market share. Due to its broad-spectrum disinfectant property and pathogen removal capability, hypochlorous acid is widely used in municipal and industrial water treatment.

Competitive Analysis

The global hypochlorous acid market is fragmented in nature with the presence of a number of players. And here are the five largest companies by market share:

BASF SE - BASF SE is one of the largest chemical companies in the world, BASF SE has range of products such as hypochlorous acid solutions. BASF expanded its sanitation portfolio with the launch of HyPure, a stabilized hypochlorous acid for water treatment and disinfection purposes in January 2023.

Lenntech B.V. - Lenntech B.V. from water treatment solutions develops hypochlorous acid products that are effective as disinfectants and oxidants. The firm increased its output in February 2023 to cater to high demand from the water treatment industry

Nouryon: Nouryon is a global specialty chemicals company, known for its range of both industrial and consumer chemicals products, including hypochlorous acid used in water treatment, agriculture, and healthcare. They are dedicated to sustainability and innovation, and their designs/chemical solutions are of the utmost quality to meet future industry demands.

As a blue chip supplier to the pharmaceutical, biotech, and specialty ingredients markets, Lonza is a supplier of hypochlorous acid products that can be used for applications ranging from disinfection to sanitation. Their care in quality and innovation has cemented their market share

Aditya Birla Chemicals - A division of the Aditya Birla Group, this Indian company manufactures and sells hypochlorous acid, offering a wide range of industrial applications. The Profitability is ascribed to the global iconic presence and Sustainable Chemical environmentally friendly solutions of the company

To innovate in the field of hypochlorous acid and maintain efficacy, stability, and environmental sustainability, these companies have consistently been investing research in development. There are also lots of collaborations and strategic partnerships, for the reason of growing market reach and area of application.

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Regional Analysis

Variances in Industrial Applications to Define Trends in Hypochlorous Acid Market, Growth Dynamics to Catapult Regions to the Fore in 2021-2023Hypochlorous Acid Market-A Regional OverviewThe global hypochlorous acid market will be influenced by some unique trends and growth characteristics across regions, which are preceded by the demand from a few dominating industrial applications, technological advancements, and regulatory frameworks.

United States

The hypochlorous acid market in the United States has gained considerable share, due to an advanced healthcare infrastructure, coupled with stringent regulations with respect to hygiene, which has been widely adopted by a number of industries in the country. Due to the increased demand for disinfectants, especially in hospitals, hypochlorous acid has been used for wound care and surface disinfection. The U.S. market accounted for a market size of around USD 400 million in 2023 and is projected to grow at a steady CAGR of 5.8% over the forecast period. This growth is primarily attributed to the rising demand for hypochlorous acid used in wound care, disinfection, and water treatment.

United Kingdom

The hypochlorous acid market in the U.K. is also expanding as a result of the increasing need for environmentally-friendly and efficient cleaning products. The focus of the healthcare sector towards infection control has resulted the development of hypochlorous acid-based products. The outlook remains positive for a solid UK MARKET dominated by up and coming brands, along side established brands who successfully compete for the top markets!

Germany

The hypochlorous acid market of Germany is well-established with an industrial backbone and strict environmental regulation. The sustainable and efficient nature of disinfectants creating demand in healthcare, food processing etc., has backed the growth of the market. The GDP of Germany is expected with growth of 0.9% in 2024, and this shows a stable economy climate that provides the right condition for the market to develop.

France

There has been a continuous rise in the consumption of hypochlorous acid in France with increased use of hypochlorous acid in health and personal care. This, along with the emphasis on sustainable agricultural practices and water treatment solutions, is propelling the market further in this elbow. Europe accounted for a market value of USD 250.0 million in 2023 and is expected to expand at a CAGR of 6.0% during the forecast period.

Japan

Technologies developments and a demand for respect of hygiene standards are driving the hypochlorous acid market in Japan Demand for effective disinfectants has increased due to the robust healthcare system and the geriatric population of the country. Japan's market is duly anticipated to grow at a steady speed, adjusting solutions to execute, enter into new market, and raise a competitive advantage.

China

The production of hypochlorous acid in the Asia Pacific is mainly in China, accounting for 38% of the total production. The factors driving the market are the large industrial base of the country coupled with increasing investments in water treatment solutions. Asia Pacific accounted for around USD 300 million in 2023 and is estimated to be worth USD 600 million by 2032.

Conclusion

The hypochlorous acid market is anticipated to grow significantly globally over the same period backed with rising need for effective disinfectants, technological improvements in production processes and pro-government regulations. Thanks to its potent oxidizing nature, the compound is preferred to be used in water treatment, sanitation and disinfection, etc. The main factors driving growth include growing health consciousness among consumers, increased demand for green disinfectants and high requirements for water treatment. The internet, driverless automobiles, and health care are among many fields to be disrupted, and the opportunities are substantial because they will emerge in fast-growing parts of the world.

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