Sodium Hypochlorite Market size was over USD 301.23 million in 2023 and is likely to exceed USD 575.09 million by the end of 2036, growing at over 5.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of sodium hypochlorite is evaluated at USD 313.52 million.
The market owing to the prominent antimicrobial properties of the chemical compound and its low costs of production, along with the favorable government regulations regarding the use of sodium hypochlorite in water treatment, agriculture and other industrial applications. Rapid growth of the end-user industries such as chemical, agricultural and healthcare is expected to further boost the market growth. Moreover, owing to the increasing water pollution and the growing need for clean water supply in the urban areas, which is increasing the demand for water treatment and purification, is further expected to drive the growth of the market. According to a report by the World Health Organization (WHO), in underdeveloped countries, 22% of healthcare facilities have no access to water service, 21% of facilities have no sanitation service, and 22% of facilities have no waste management services. Additionally, this growth is backed by rising number of initiatives taken by governments of different countries to provide clean and safe drinking water. In the other statistics published by the WHO, 785 million people lack the availability of basic drinking-water.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
5.1% |
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Base Year Market Size (2023) |
USD 301.23 million |
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Forecast Year Market Size (2036) |
USD 575.09 million |
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Regional Scope |
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The global sodium hypochlorite market is segmented by function, end-user industry, and by distribution channel. On the basis of function, the market is further segmented into water disinfection, oxidizing, bleaching, odor removal, and others, out of which, the water disinfection segment is estimated to hold the leading share in the market during the forecast period owing to the increased utilization of sodium hypochlorite in water treatment plants for removing any germs and odor in the water, making it safe for use. The market is also bifurcated by distribution channel into online and offline channel. Among these segments, the offline segment is projected to generate significant revenue by the end of 2021 owing to the easy availability of the product in local stores, hyper markets, departmental stores and other offline businesses. However, the online segment is estimated to witness notable growth by the end of 2029, on the back of growing internet penetration.
Our in-depth analysis of the global market includes the following segments
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By Function |
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By End User |
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By Distribution Channel |
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APAC Market Statistics
On the basis of regional analysis, the global sodium hypochlorite market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
Asia Pacific industry is likely to account for largest revenue share by 2036, backed by presence of leading companies in the region. Moreover, the rapid growth of end-user industries, such as, water treatment, and chemical industries in the region and unavailability of safe usable water for the mass population further increases the demand for sodium hypochlorite. In the East Asia and Pacific region, over 160 million people lack access to basic drinking water. Furthermore, the market is predicted to grow owing to the rising government awareness and investment in better water management systems, especially in countries, such as, China, India and Japan.
Additionally, the market in the underdeveloped nations of the Middle East and Africa are estimated to witness notable surge in the demand for sodium hypochlorite during the forecast period, owing to the rising need for water purification backed by the absence of water management system and proper sanitization in the region.
Author Credits: Rajrani Baghel
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