The global sodium hypochlorite market size is projected to reach USD 385.6 million by 2028. The constant disinfection of malls, public complexes, outer areas, office spaces, and public toilets is expected to affect growth positively. Several companies are also nowadays striving to produce unadulterated and premium-quality products to maintain the hygiene of employees. In March 2021, for instance, QYK Brands LLC received approval from the California Department of Pesticide Regulations (CDPR) for its Dr. J's Surface Disinfectant Wipes. It claims to kill pathogens, such as SARS-CoV-2. Fortune Business Insights™ presented this information in a new study, titled, “Sodium Hypochlorite Market, 2021-2028.” As per the study, the market stood at USD 261.7 million in 2020. It is set to exhibit a CAGR of 5.0% during the forecast period between 2021-2028.
Thyssenkrupp Introduces Portable Sodium Hypochlorite Disinfection Trailer Unit
In September 2020, thyssenkrupp Industrial Solutions South Africa (tkISSA) launched its sodium hypochlorite disinfection trailer unit to help spray disinfectant in COVID-19 hotspot zones. It is portable and custom-designed. As per the World Health Organization (WHO), the chemical is effective in disinfecting surfaces infected with coronavirus. Hence, the company decided to make this cutting-edge trailer unit.
High Demand for Disinfectants amid COVID-19 Pandemic to Affect Growth Positively
The COVID-19 pandemic has rapidly expanded the consumer goods industry backed by the rising concerns of hygiene, health, and cleanliness. The Household and Commercial Products Association (HCPA), for instance, represents companies that sell and make around USD 180 billion annually of products used for disinfecting, maintaining, protecting, and cleaning commercial and residential environments. Coupled with this, the rising demand for hand sanitizers is likely to aid growth of the market for liquid bleach amid the pandemic.
Segments-
Water Treatment Segment Dominated in 2020 Owing to Surging Demand for Drinking Water
By application, the market for NaOCl is fragmented into water treatment, paper industry, textile industry, medical, and others. Amongst these, the water treatment segment remained in the dominant position in 2020 stoked by the rising demand for clean drinking water in malls, residential structures, offices, and homes. Also, the urgent need for clean water in bathing areas, swimming pools, and ponds would accelerate growth. The paper industry segment, on the other hand, held 18.8% and 19.3% in terms of the market share globally and in China, respectively. The product is majorly used as a bleaching agent in this industry.
Information Source: https://www.fortunebusinessinsights.com/sodium-hypochlorite-market-105064
