Global Hypochlorous Acid Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hypochlorous Acid Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hypochlorite is a chemical compound containing the molecular ion of chlorine and oxygen (hypochlorite ion OCl-) and a counter-ion such as sodium or calcium. A hypochlorite is also referred to as an ester or salt of hypochlorous acid.
The two most common hypochlorites are calcium hypochlorite (Ca (OCl)2) and sodium hypochlorite (NaOCl). Even though hypochlorites are alkaline, they are the strongest oxidizing agents of all compounds containing chlorine oxyanions.

Market Overview:

The latest research study on the global Hypochlorous Acid market finds that the global Hypochlorous Acid market reached a value of USD 4847.62 million in 2022. It’s expected that the market will achieve USD 5909.07 million by 2028, exhibiting a CAGR of 3.36% during the forecast period.

COVID-19 is sure to have an enormous economic impact. Since the spread of the COVID-19 epidemic, personal protection has received unprecedented attention. The three key epidemic prevention and control tasks of controlling the source of infection, cutting off the source of infection, and protecting susceptible people have created a huge demand for disinfection. Sudden public health events will cause the demand for disinfectant products including hypochlorous acid to increase explosively in a short period of time, and extend from the above areas to various public places and homes. The demand of disinfectants from all walks of life has been greatly increased. Consumers have more demand for hypochlorous acid products, too. Many countries have insufficient reserves or production capacity of disinfectants and will purchase them in the international market. This will help small and medium-sized hypochlorous acid manufacturers to expand their markets and make their mark.

In addition, hypochlorous acid is facing tight supply in the short term. Many countries have promulgated the Stay at home order, which makes it inconvenient for workers to commute to work. The epidemic has also caused some factories to close or suspend operations, which has adversely affected the production and supply of hypochlorous acid. Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays. This will further aggravate the supply problem of hypochlorous acid, but as the logistics industry of various countries is gradually resuming operations according to different national policies. It is expected that after further control of the epidemic, production and transportation of the industry will basically return to normal.

Increasing demand in the food and beverage industry

It is estimated that the increased use of hypochlorous acid in the food and beverage industry will provide abundant opportunities for Hypochlorite manufacturers in the near future. Hypochlorite is easy to store, cost-effective and non-toxic, which makes it attractive for use in the catering industry as a disinfectant that may trigger product demand.
Hypochlorite is widely used in the food and beverage industry to disinfect food preparation areas, countertops, tables and grills to prevent contamination of meat, seafood and other organic products. It can also be used to wash and clean dishes and glasses, dishwashers and food processing equipment. It is also used as a food additive for processing poultry products and seafood products. The increasing use of Hypochlorite in the food industry is becoming one of the main trends in the market.

Disadvantage

Hypochlorite is unstable and easily emits irritating chlorine gas which can cause nausea, abdominal pain, etc. The hypochlorous acid that it decomposes was found to be very toxic to fish and freshwater invertebrates. If hypochlorous acid is released into water bodies, it will harm aquatic animals and adversely affect biodiversity. These factors may limit the demand for Hypochlorite during the forecast period.

Fierce Competition

There are many small and medium enterprises in the industry, so the competition in the industry is fierce. The industry has low barriers to entry, and the increasing industry players will threaten the market share of existing companies.

Region Overview:

North America is projected to account for a considerable share of the Hypochlorous Acid market and is expected to become the largest region by 2027.

Company Overview:

Tosoh is one of the major players operating in the Hypochlorous Acid market, holding a share of 11.26% in 2022.

Tosoh

Tosoh Corporation was established in 1935 and is listed on the First Section of the Tokyo Stock Exchange. Tosohs principal markets include the chemical and petrochemical, construction, automotive, consumer electronics, information technology, bioscience, and environmental markets. Tosoh is a global chemical company that supplies manufacturers with the materials they need to produce the things that make modern life all that it is and everything it can be.

Olin Chlor Alkali

Olin Corporation began in 1892. Following many decades of success, Olin added Mathieson Chemical Corporation into the mix, increasing Olins product offering. Over time, the new Olin has grown and expanded to encompass several complementary business units, among them - Olin Epoxy, Olin Chlor Alkali Products and Vinyls, and Olin Chlorinated Organics. Collectively, Olin employs 6,500 employees in more than 20 countries.

Segmentation Overview:

As for product types, the Sodium Hypochlorite segment held the largest market share in 2021.

Sodium Hypochlorite

Sodium Hypochlorite is a chlorine compound often used as a disinfectant or a bleaching agent. Sodium hypochlorite is generally used dissolved in water at various concentrations.

Calcium Hypochlorite

Calcium hypochlorite is a white solid that readily decomposes in water releasing oxygen and chlorine.

Application Overview:

By application, the Disinfecting segment occupied the biggest share from 2017 to 2022.

Urban and Industrial Water Treatment

Used for the treatment of public water supply and industrial wastewater.

Wound Management

Used as a wound disinfectant, it can kill bacteria and accelerate wound healing.

Cleansing Products

Used as a bathroom and tile cleaner, glass cleaner, and even carpet cleaner.

Disinfecting

Used for disinfection and sterilization in industrial applications.

Food& Agriculture

Used as an antimicrobial/sanitizer for use on equipment and raw agricultural products.

Key Companies in the global Hypochlorous Acid market covered in Chapter 3:

Kuehne Company
Surpass Chemical Company
AGC Chemicals
OxyChem
Orbia
Chongqing Tianyuan Chemical
BASF
Aditya Birla
Tianjin Ruifuxin Chemical
Cydsa
Hill Brothers
JCI Jones Chemicals
Hasa
INOVYN
Tosoh
Olin Chlor Alkali

In Chapter 4 and Chapter 14.2, on the basis of types, the Hypochlorous Acid market from 2018 to 2029 is primarily split into:

Sodium Hypochlorite
Calcium Hypochlorite
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hypochlorous Acid market from 2018 to 2029 covers:

Urban and Industrial Water Treatment
Wound Management
Cleansing Products
Disinfecting
Food& Agriculture

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)