Press release
Global Trends Overview: The Rapid Evolution of the Hypochlorous Acid Market
Hypochlorous Acid
Projected Market Size and Growth of the Hypochlorous Acid Market
The hypochlorous acid market is anticipated to grow robustly, reaching $7.86 billion by 2029 with a compound annual growth rate (CAGR) of 7.9%. This surge is driven by stricter infection control protocols, growing interest in affordable and eco-friendly chemicals, expansion in the cosmetics industry, and enhanced veterinary healthcare services. Notable trends shaping the market include the introduction of portable devices, advances in smart system technologies, improvements in electrolyzed water production, biodegradable product offerings, and the rise of ready-to-use hypochlorous acid solutions.
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Leading Companies Influencing the Hypochlorous Acid Market Landscape
Key players dominating the hypochlorous acid market include 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, and Tianjin Ruifuxin Chemical Co. Ltd.
Strategic Acquisition Enhances Market Position
In April 2024, Sweden's Molnlycke Health Care expanded its global presence by acquiring P.G.F. Industry Solutions GmbH, an Austrian manufacturer known for eco-friendly hypochlorous acid products used in wound care and medical sectors. This acquisition aims to strengthen Molnlycke's Granudacyn product line and secure a cutting-edge manufacturing facility to meet the increasing demand for chronic wound treatments worldwide.
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Innovations and Product Developments Driving Hypochlorous Acid Market Expansion
Hypochlorous acid producers are focusing on innovative delivery forms such as mist sprays to broaden their product range and improve user experience. Mist sprays provide a fine, lightweight application that hydrates and refreshes skin evenly, making them ideal for skincare. For example, in January 2024, Sonoma Pharmaceuticals Inc., a US pharmaceutical firm, introduced Lumacyn Clarifying Mist. This product is an all-natural, pH-balanced toner containing stabilized hypochlorous acid designed to reduce skin redness, irritation, and blemishes. It is free from fragrances and additives, making it safe for all ages and skin types, and is available over the counter in the United States.
Segmented Market Overview and Forecast for Hypochlorous Acid
The hypochlorous acid market is segmented into several categories:
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
Further subsegments include:
- For Sodium Hypochlorite: Liquid, Solid, Industrial Solutions, Household Solutions
- For Calcium Hypochlorite: Granular, Tablets, Water Treatment, Pool Maintenance, Other Uses
- Other Types include Potassium Hypochlorite, Magnesium Hypochlorite, and various Hypochlorous Acid Solutions.
This detailed segmentation provides insights into how the market caters to diverse needs and applications across industries.
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