The global sodium hypochlorite market size was valued at USD 265.9 million in 2021 and is projected to reach USD 401.32 billion by 2030, registering a CAGR of 4.68% from 2022 to 2030. A greenish-yellow hypochlorous sodium salt, sodium hypochlorite is also known as liquid bleach due to its bleaching properties. The electrolysis of brine is the process that is utilized to produce sodium hydroxide (NaOCl). This product is the principal component of laundry bleach, which is used for disinfecting, whitening, and eliminating stains from laundry that is done in both residential and commercial settings. In addition, this substance can be used as a bleaching agent in the medical industry, the textile industry, and the paper and pulp industry.
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Need for the efficient management of complex vendor ecosystems
Bleach is utilized extensively in the production of home goods, including but not limited to detergents, surface cleaners, cleaning products, hand wash, disinfectants, and color bleaches. One of the primary forces that are now driving the industry is the ever-increasing demand for these goods. Another aspect that is helping growth is the increasing awareness of the importance of using high-quality household products to preserve appropriate levels of cleanliness and hygiene. Additionally, a major amount of support for this industry is coming from the rising consumption of products such as sanitizers.
Additionally, the growing trend of bleaching clothes at home in order to improve one's outside appearance and overall fashion sense is favorably benefiting the industry as well. The medical business has also exhibited tremendous expansion during the pandemic, which has led to large usage of this product for sanitizing hard surfaces, surgical equipment, and wipes. These previously mentioned aspects are anticipated to have a significant impact on the market's expansion potential.
Harmful effects of products
When it comes into touch with human skin, sodium hypochlorite transforms into a toxic compound. Burns, irritation, and even damage to the eyes can be caused by highly concentrated solutions of the substance. This product eliminates and saponifies the material, which results in the skin regaining its elasticity. The chlorine gases that are emitted from products that are created from NaOCl have the potential to induce gas poisoning as well as damage to the lungs. The possibility of injury when using liquid bleach has the potential to slow the expansion of the industry. The market is being further hampered by the fact that governments have restrictions concerning how their products can be used. These regulations are a direct result of the factors discussed above. In addition, the availability of substitute products, such as citric acid, calcium hypochlorite, and lithium hypochlorite, is anticipated to be a factor that would limit the expansion of the market.
Streamline the vendor risk assessment process
Sometimes, in order to maintain the viability of their businesses and to receive assistance throughout the entirety of the supply chain process in order to ensure the on-time delivery of their goods and services to their customers, large companies are forced to rely on the assistance of a large number of suppliers. In order to find a solution to difficulties of such an urgent nature, it is required to conduct an investigation into the numerous risks and perils posed by the providers. The solutions that are offered for vendor risk management zero in on each risk and streamline the processes that are already in place within enterprises for the purpose of mitigating risk. These solutions also make it simpler for businesses to streamline their efforts to limit risks while analyzing and selecting a vendor for certain tasks to carry out, which helps organizations finish their work more efficiently.
Cleaning & Disinfection Segment to Hold Major Share during the Forecast Period
The market is split by application into water treatment, paper industry, textile industry, medical, and others. Due to the increased need for clean drinking water in residential structures, residences, businesses, and public malls, as well as the requirement for clean water in ponds, swimming pools, and bathing places, the water treatment segment dominated the market in 2020. This product is used to treat municipal water since it contains chlorine, a disinfectant that is effective against viruses and bacteria. The demand for this product might be attributed to population expansion and urbanization in developing nations.
Widespread usage of liquid bleach in the medical profession for disinfecting rooms and surgical instruments. Additionally, this medication is intended for use on wounds, skin, and mucous membranes. It is used as an antiseptic in dentistry to cure cavities or caries. The textile and paper industries bleach fabrics, papers, and leathers with sodium hypochlorite. This product is used to synthesize organic chemicals in the other category by reacting the material with strong acids and reducing agents.
The market is split by region into North America, Europe, Asia-Pacific, and LAMEA.
Regional Growth Insights Request Sample Pages
With a total value of 109.8 million US dollars in 2020, Asia Pacific held a commanding lead in the sodium hypochlorite market. The low prices of raw materials and labor as well as their simple availability are likely contributing factors to the ever-increasing demand for liquid bleach. As a result of the country's rapidly increasing population as well as its accelerating rate of modernization, China held the largest proportion of the market. As a consequence of this, there has been a rise in the demand for treated water, which in turn is driving the expansion of the market.
It is anticipated that the market in North America would have a significant expansion, which can be connected to the high levels of technical innovation as well as the rising consumer awareness regarding cleaning and hygiene, which is backed by disposable income in the region. The expansion of the market for sodium hypochlorite is being driven in large part by the rising demand for this product from the medical sector, which uses it to disinfect beds and tables, hard surfaces, and surgical equipment.
During the period covered by this estimate, the European region is anticipated to see growth and will display significant market expansion. It is anticipated that the growing demand for this product from a variety of industries, including the paper and textile industries as well as consumer items, will drive the market. The expansion of the economies in nations like Germany, France, and the United Kingdom is leading to a considerable increase in the demand for sodium hypochlorite in consumer goods like surface cleaners, detergents, and bleaches that have been diluted.
It is anticipated that Latin America would enjoy the consistent market expansion. It is projected that there would be a strong demand for this product in Brazil as a result of the country's fast-paced urbanization and rapidly expanding economic development. Demand for liquid bleach is also increasing as a direct result of the expansion of the consumer goods industry. Raw materials are readily available, which has contributed to the rapid expansion of the market in the Middle East and Africa. Because of this, the cost of production is relatively low. In addition, the high discretionary income in the textile industry, in conjunction with the improving lifestyle of consumers within the region, is further fueling the expansion of the sodium hypochlorite market.
September 2020: ThyssenKrupp has locally built and manufactured a portable sodium hypochlorite disinfection traveler unit for covering disinfectants in COVID-19 hotspot locations to prevent the virus's transmission.