Sodium Hypochlorite Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
Global Sodium Hypochlorite Market: Overview
Sodium hypochlorite is a clear, yellowish compound with chemical formula NaOCl. It has a characteristic odor. Sodium hypochlorite can be produced using two methods. The concentrated brine solution of dissolved salts and soft water is electrolyzed under the first method, to form sodium hypochlorite solution in water. The second method involves addition of chlorine gas to caustic soda, thus forming sodium hypochlorite solution, water, and salt. Sodium hypochlorite is primarily used in the water treatment industry. It can be effectively utilized as a bleaching agent, for removal of foul smell from water, surface purifier, and water disinfectant. The history of sodium hypochlorite market goes back to 1785, when the first commercial use of sodium hypochlorite was identified for making liquid bleaching agent. Traditionally, it was used as a bleaching agent for cotton. Hypochlorite helps in removing stains from clothes. Sodium hypochlorite market finds numerous applications in end-user including agriculture, chemical, paint, water treatment, and waste disposal. Sodium hypochlorite is a compound that can be easily stored and transported. It is widely used as a disinfectant. However, sodium hypochlorite is a dangerous and corrosive substance. It is an unstable compound, as there is a high rate of chlorine evaporation from the sodium hypochlorite solution. Furthermore, the solution of sodium hypochlorite disintegrates when heated or it comes in contact with poisonous & corrosive gases, certain metals, sunlight, acids. The sodium hypochlorite market is anticipated to expand significantly due to the rapid growth in end-user industries such as water treatment, paints, chemicals, and agriculture. This sodium hypochlorite market in Asia Pacific is expected to expand significantly, as the industries mentioned above are among the major contributors to the GDP of the region.
In terms of end-user industry, the sodium hypochlorite market can be segmented into agriculture, chemicals, paints, water treatment, and other industries. The water treatment industry can be further segmented into municipal water treatment and industrial water treatment. Sodium hypochlorite is employed on a large scale as a disinfectant and to remove foul smell in the water treatment industry. Currently, the municipal water treatment industry dominates the industrial water treatment industry. The water treatment industry is anticipated to continue its dominance during the forecast period, owing to the increasing population that leads to higher need for safe drinking water. Rise in industrialization is also leading to discharge of industrial chemicals into water. Moreover, many end-user industries such as chemicals recycle and reuse water. This further drives the demand for water treatment services, and in turn sodium hypochlorite. Sodium Hypochlorite Market is anticipated to expand at a significant CAGR during the forecast period.
In terms of geography, Asia Pacific dominates the sodium hypochlorite market. The region is likely to continue sodium hypochlorite market dominance during the forecast period. This is majorly due to the rapid growth of end-user industries such as water treatment in the region. Asia Pacific is experiencing high industrial growth. Increase in industrialization is boosting the demand for water treatment in the industrial sector. This also leads to increase in discharge of industrial waste in water for commercial and domestic usage. Furthermore, rise in population in the region is one of the factors contributing to the high demand for water treatment services. The region is one of the major contributors to the global agricultural production. Countries such as China and India are among the major agricultural producers. China is the leading manufacturer of paints and chemicals. Thus, the sodium hypochlorite market in Asia Pacific is anticipated to expand at a significant growth rate during the forecast period.
Key players operating in the global sodium hypochlorite market include Odyssey Manufacturing Co., AGC group, Sunbelt Chemical Corporations, Orica Watercare, Shanghai Polymet Commodities Ltd., Solvay Chem, Akzo Nobel, BASF Chemicals, Olin Chlor Alkali, Arkema Group, Surpress Chem, Ineos, Sumitomo Chemical, and Aditya Birla.
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