Sodium Hypochlorite Market Size

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.