Sodium Hypochlorite Market Share

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.

Frequently Asked Questions (FAQ)

Increasing need for water treatment using sodium hypochlorite as a disinfectant is one of the key factors driving the market growth.

The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2021-2029.

High reactive nature of chlorine is one of the major factors estimated to hamper the market growth.

The market in the Asia Pacific will provide the highest growth opportunities during the forecast period on the back of growing population and increasing demand for clean water and sanitization.

The major players in the market are Orica Limited, Olin Corporation, Nouryon Chemicals Holding B.V., Aditya Birla Management Corporation Pvt. Ltd., Lab Alley LLC, Hawkins, Inc., and others.

Sodium Hypochlorite Market Share