Sodium Hypochlorite Market – Overview
The increasing use in the chemical industry, wastewater treatment, textile, and household cleaning products are considered the key factors boosting the global sodium hypochlorite market. The rising use of sodium hypochlorite as disinfectants and bleach in household hygiene products and water treatment is likely to propel market growth.
Chlorination of the inlet stream is necessary to stop the sludge from bulking in wastewater treatment plants. When some of the undesirable organisms or filamentous protozoans are present in high quantity, the activated sludge starts to bulk as it cannot settle properly. The use of sodium hypochlorite in the sewage will help to eradicate filamentous organisms that are responsible for bulk formation. The fact that this substance helps to improve sludge formation in water treatment facilities is likely to aid in the expansion of the market for sodium hypochlorite market in the coming years.
The report is based on a comprehensive overview of the market and its prime growth parameters such as factors boosting, repelling, and challenging the market growth. It also highlights the impact of the novel COVID 19 pandemic on this market and how can manufacturers benefit from this situation. The report also throws light on the table of segmentation and mentions the names of the leading segment with attributed factors. The report is available for sale on the company website.
Sodium Hypochlorite Market – Nature of Competition
The nature of the global sodium hypochlorite market is highly competitive on account of the presence of multiple players. Companies are indulging in collaborative agreements, merger and acquisitions, to gain significant revenues during the forecast period. Some other players are also investing in research and development activities to gain a competitive edge in the overall market competition.
Some of the key players of the global sodium hypochlorite market include:
- Aditya Birla Chemicals (India) Limited
- BASF SE
- Sumitomo Chemical Co., Ltd.
- Olin corporation
- AGC Chemicals
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Sodium Hypochlorite Market – Innovation
Bondalti restarted its chlor-alkali production in Torrelavega, Spain in October 2019 to engance their market share and create new business growth opportunities for sodium hypochlorite market.
Sodium Hypochlorite Market – Drivers
The need for water treatment is rising worldwide because of the shortage of water in various nations. The governments of various nations have imposed rules to use municipal water and have made necessary arrangements for the benefit of all citizens. In this way, the scarcity of clean water will be solved on the one hand and the harmful effects of wastewater may be controlled, thereby protecting rivers, lakes, as well as oceans.
The advent of the COVID 19 outbreak has propelled the governments of various nations worldwide to impose a business and operations shutdown for all manufacturing units, along with a travel ban and ban on offices and marketplaces. These stringent steps have resulted in disruption in the supply chain globally. This has also negatively affected the raw materials supply for sodium hypochlorite. On the contrary, sodium hypochlorite is used to manufacture disinfectants and is therefore in high demand during the COVID pandemic to ensure cleanliness.
Sodium Hypochlorite Market – Regional Insights
Geographically, the global sodium hypochlorite market is widespread into the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each of these regions are further classified on the basis of nations. Asia Pacific is dominating the market on account of the rising consumer awareness about health and hygiene.
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The growing adoption of sodium hypochlorite in the wastewater treatment sector as well as the disinfectants sector is adding a boost to the growth of this region during the forecast period as well. Several developing and emerging nations such as Japan, China, and South Korea are contributing majorly to the growth of this region. On the other hand, India is expected to witness the highest growth rate on account of the imposition of stringent regulations on several industries in order to control water contamination and pollution.
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