Press release
Hypochlorous Acid Market Poised for 8.4% Growth, Set to Hit $30.44 Billion by 2029
How Are the key drivers contributing to the expansion of the hypochlorous acid market?The escalating emphasis on food safety and cleanliness is projected to fuel the expansion of the hypochlorous acid market in the future. These principles and regulations are designed to guarantee that food is suitable for consumption and devoid of harmful elements, thus protecting public health. The escalating emphasis on food safety and hygiene can be ascribed to numerous factors, such as concerns for public health, increased customer consciousness, and a focus on sustainability. Hypochlorous acid is highly respected for its potent infection-fighting qualities, which render it exceedingly effective at sanitizing surfaces, apparatus, and food products, resulting in a decreased likelihood of foodborne diseases. For instance, a public perception study carried out by the European Commission, known as the Eurobarometer, revealed in December 2022 that roughly 46% of Europeans in Belgium were equally worried about food safety and maintaining a nutritious diet. In contrast, approximately 31% preferred a nutritious diet over food security, whereas only 21% were more troubled by food-related hazards. Thus, the escalating importance of food safety and cleanliness contributes to propelling the hypochlorous acid market's growth.
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What growth opportunities are expected to drive the hypochlorous acid market's CAGR through 2034?
The market for hypochlorous acid has seen considerable expansion lately. With a size that is predicted to rise from $5.4 billion in 2024 to $5.87 billion in 2025, it indicates a compound annual growth rate (CAGR) of 8.7%. Factors such as the broadening use in veterinary practices, growth in the food industry, expansion of e-commerce, the surge in sales of portable sanitizers, and increased mindfulness about health risks have all contributed to the robust growth witnessed in the historical period.
In the coming years, the hypochlorous acid market is predicted to witness substantial growth, elevating to $8.11 billion by 2029 with a compound annual growth rate (CAGR) of 8.4%. This growth during the forecast span could be due to intensified measures for controlling infections, focus on cost efficiency, eco-friendly and sustainable chemicals, expansion of the cosmetic industry, and an increase in veterinary health services. Notable trends during the forecast period could involve portable devices, the creation of intelligent systems, progress in electrolyzed water production, the biodegradable aspect, and ready availability of hypochlorous acid solutions.
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What are the emerging trends shaping the future of the hypochlorous acid market?
Major firms in the hypochlorous acid sector are focusing on the development of innovative goods such as mist sprays in a bid to broaden their product line and boost its efficacy. A mist spray is a fine, light spray that can be used to evenly hydrate, refresh and apply skincare products. For example, Sonoma Pharmaceuticals Inc., a reputable pharmaceutical company in the U.S, unveiled Lumacyn Clarifying Mist in January 2024. Not only is this all-natural and neutral pH toner infused with stabilized hypochlorous acid designed to alleviate redness, irritation, and breakouts, but it's also devoid of any fragrances and additives, making it suitable for all skin types and age groups. It can be purchased directly by customers as an over-the-counter product in the U.S and is proven safe for individuals of all skin types and age groups as it is all-natural, pH-balanced and free from fragrances and additives.
Which growth-oriented segments of the hypochlorous acid market are leading the industry's development?
The hypochlorous acid market covered in this report is segmented -
1) By Type: Sodium Hypochlorite; Calcium Hypochlorite; Other Types
2) By Application: Sanitizing Agent; Disinfecting Agent; Oxidizing Agent; Other Applications
3) By End Use: Personal Care; Wound Management; Food And Agriculture; Oil And Gas; Water Treatment; Other End Uses
Subsegments:
1) By Sodium Hypochlorite: Liquid Sodium Hypochlorite; Solid Sodium Hypochlorite; Sodium Hypochlorite Solution For Industrial Use; Sodium Hypochlorite Solution For Household Use
2) By Calcium Hypochlorite: Granular Calcium Hypochlorite; Tablets of Calcium Hypochlorite; Calcium Hypochlorite For Water Treatment; Calcium Hypochlorite For Pool Maintenance; Other Types
3) By Other Types: Potassium Hypochlorite; Magnesium Hypochlorite; Hypochlorous Acid Solutions
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What regions are leading the charge in the hypochlorous acid market?
North America was the largest region in the hypochlorous acid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hypochlorous acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the hypochlorous acid market?
Major companies operating in the hypochlorous acid market are BASF SE, AGC Inc., Olin Corporation, Tosoh Corporation, The Clorox Company, Nipro Corporation, WCS Environmental Ltd, Hawkins Inc., RX Marine International, Kuehne Company, Aditya Birla Chemicals Ltd, Surpass Chemical Co Inc., Sonoma Pharmaceuticals Inc., Innova Corporate, EcoloxTech, Aqualution Systems Ltd., Acuro Organics Limited, Lenntech B.V., Junsei Chemical Co. Ltd., Sterasure Inc., Ultrapure HOCL, Tianjin Ruifuxin Chemical Co. Ltd
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What Is Covered In The Hypochlorous Acid Global Market Report?
•Market Size Forecast: Examine the hypochlorous acid market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the hypochlorous acid market for a structured understanding.
•Key Players Overview: Analyze major players in the hypochlorous acid market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hypochlorous acid market.
•Segment Contributions: Evaluate how different segments drive overall growth in the hypochlorous acid market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hypochlorous acid market.
•Industry Challenges: Identify potential risks and obstacles affecting the hypochlorous acid market.
•Competitive Landscape: Review strategic developments in the hypochlorous acid market, including expansions, agreements, and new product launches.
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