Sodium Hypochlorite Market, by Application (Cleaning & Disinfection, Bleaching, and Chemical Manufacturing), by End-Use Industry (Household and Industrial), by Region (North America, Europe, Asia-pacific, Latin America, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Sodium hypochlorite is an inorganic chemical compound comprising a sodium cation and a hypochlorite anion. Sodium hypochlorite appears in pale greenish-yellow dilute solution referred to as liquid bleach, which is a household chemical widely used as a disinfectant or a bleaching agent.
Market Dynamics
Waste water treatment segment held dominant position in the global sodium hypochlorite market in 2021 and is also expected to retain its dominance during the forecast period. This is owing to the rapid rise in population and urbanization in emerging economies, which in turn will increase demand for purified drinking water. This trend is further expected to foster demand for sodium hypochlorite during the forecast period.
Among regions, Asia Pacific is expected to account for a significant market share during the forecast period (2022-2030), owing to increasing usage of household bleaching products in emerging economies countries such as China, Japan, India, and South Korea. Sodium hypochlorite is primarily used in end-use industries such as chemical, manufacturing, and wastewater treatment. India is the second most populated country in the world and rapidly increasing disposable income among the population has led to surge in demand for household products. Increase in demand for quality goods and services in rural areas, owing to improved distribution channels of companies involved in fast-moving consumer goods (FMCG) sector. Such trends in Asia Pacific is expected to boost demand for sodium hypochlorite in this region during the forecast period.
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