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Sodium Hypochlorite Market To Reveal A High Cagr By 2026

The global sodium hypochlorite market is anticipated to witness a high CAGR, according to Radiant Insights. The commercial demand being moderately high is expected to propel the market growth in the coming years. Although, sodium hypochlorite is water soluble, it cannot be directly used on commercial basis. The solutions are clear, greenish to yellow liquids with a pungent smell of chlorine. The basic purpose of sodium hypochlorite is mainly found as bleaching and disinfectant agents. These are components of cleaning solutions, commercial bleaches and disinfectants used for cleaning waste water purification in swimming pools.

Recently in Sep 2019, De Nora, a renowned name for water treatment solutions and electrochemical technologies announced the launch of Greenfield manufacturing unit for the production of electrodes in Ohio. The unit being massive that was designed with flexibility in production planning is expected to minimize lead time, optimize capacity and enhance efficiency. The facility was built with rigorous planning with a spending of around 30 million dollars. The unit adheres to safety protocol, modern health standards and delivers an optimal experience. The building is built over 18 acres with future modification and expansion. 

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Growing demand in the water treatment industries is expected to strengthen the commercial demand share for sodium hypochlorite in the following years. It is also used as a bleaching compound to eliminate any odours. Commercially, there has been a growth in awareness for safe use of hazardous chemicals and is mainly driven by government legislations. In addition, the sodium hypochlorite industry also benefits from demands for cleansing utensils in the dairy industry. Initiatives for developing effective sanitization products in the food processing industry is gaining a huge momentum in the past few years. 

Asia Pacific is the prominent market for sodium hypochlorite attributing to the rise in demand from the bleaching and surfactants industry. Moreover, increase in support and awareness for public and residential hygiene is gaining a huge momentum for sodium hypochlorite as a bleaching compound. In addition, the region also witness a significant spending on medical hygiene in various markets. Demand for eco-friendly products with lasting effects on the bacterial growth is expected to play a crucial role in the development of regional markets. Flexible trade policies and government regulations are supplementing the regional market growth.

The key players in the sodium hypochlorite market are Sunbelt Chemical Corporations, BASF Chemicals, Olin Chlor Alkali, Shanghai Polymet Commodities Ltd., Solvay Chem, Sumitomo Chemicals, Akzo Nobel and Aditya, Vertex Chemicals, JSC Kaustik and HECG.
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