PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1646366
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1646366
Global Hypochlorous Acid Market Size Study by Product (Sodium Hypochlorite, Calcium Hypochlorite), by Application (Sanitizing Agent, Disinfecting Agent), and Regional Forecasts 2022-2032
The Global Hypochlorous Acid Market is valued at approximately USD 5.65 billion in 2023 and is projected to grow significantly, reaching USD 9.23 billion by 2032 at a compound annual growth rate (CAGR) of 5.60% during the forecast period. Hypochlorous acid, a powerful oxidizing agent, has garnered immense attention due to its exceptional antimicrobial properties and eco-friendly nature. Widely used as a sanitizing and disinfecting agent across multiple industries, its applications range from water treatment and healthcare to food processing and agriculture. The rising emphasis on public health and hygiene, coupled with stringent regulatory frameworks to ensure safe sanitization practices, has been a pivotal driver for the growth of the hypochlorous acid market.
The market's evolution is significantly driven by the increasing demand for effective and non-toxic disinfectants in healthcare and residential sectors. Hypochlorous acid's role as a safer alternative to traditional cleaning agents has gained traction, particularly in combating pathogenic outbreaks. Additionally, its application as a sanitizing agent in the food industry to maintain freshness and prevent contamination has further solidified its demand. However, challenges such as storage instability and the corrosive nature of certain formulations may impede market growth. Nevertheless, advancements in production technologies and innovations in stabilization techniques are anticipated to alleviate these challenges, expanding the market's potential.
Regionally, North America dominates the global hypochlorous acid market, driven by robust demand in healthcare, water treatment, and food processing industries. The presence of stringent sanitation regulations and an established infrastructure further bolster the region's market position. Europe follows closely, fueled by its focus on sustainable and environmentally friendly disinfectant solutions. Meanwhile, the Asia-Pacific region is expected to exhibit the fastest growth, underpinned by rapid industrialization, urbanization, and increasing awareness of hygiene in emerging economies like China, India, and Southeast Asia. Latin America and the Middle East & Africa are also poised for growth, supported by expanding infrastructure and agricultural activities.
The competitive landscape of the hypochlorous acid market is marked by strategic initiatives such as product innovation, mergers, and partnerships among leading players. Companies are focusing on sustainable production processes to align with global environmental goals while catering to the escalating demand for effective sanitization solutions. Furthermore, the integration of advanced technologies to improve product stability and efficacy is reshaping the market dynamics, paving the way for extensive applications across industries.
Major market players included in this report are:
- BASF SE
- The Chemours Company
- Olin Corporation
- Arkema
- AkzoNobel N.V.
- Lonza Group AG
- Solvay S.A.
- Inovyn Chlorvinyls Limited
- Occidental Petroleum Corporation
- Westlake Chemical Corporation
- Hawkins, Inc.
- Aditya Birla Chemicals
- Nouryon
- Kuehne Company
- IXOM
The detailed segments and sub-segment of the market are explained below:
By Product:
- Sodium Hypochlorite
- Calcium Hypochlorite
By Application:
- Sanitizing Agent
- Disinfecting Agent
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Hypochlorous Acid Market Executive Summary
- 1.1. Global Hypochlorous Acid Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Hypochlorous Acid Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Hypochlorous Acid Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing Demand in Healthcare and Residential Sectors
- 3.1.2. Technological Advancements in Production Technologies
- 3.1.3. Rising Demand in Food Processing and Agriculture
- 3.2. Market Challenges
- 3.2.1. Storage Instability
- 3.2.2. Corrosive Nature of Certain Formulations
- 3.3. Market Opportunities
- 3.3.1. Innovations in Stabilization Techniques
- 3.3.2. Expansion into Emerging Markets
- 3.3.3. Strategic Collaborations and Partnerships
Chapter 4. Global Hypochlorous Acid Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Hypochlorous Acid Market Size & Forecasts by Product 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Hypochlorous Acid Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Sodium Hypochlorite
- 5.2.2. Calcium Hypochlorite
- 5.2.3. Others
Chapter 6. Global Hypochlorous Acid Market Size & Forecasts by Application 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Hypochlorous Acid Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Sanitizing Agent
- 6.2.2. Disinfecting Agent
Chapter 7. Global Hypochlorous Acid Market Size & Forecasts by Region 2022-2032
- 7.1. North America Hypochlorous Acid Market
- 7.1.1. U.S. Hypochlorous Acid Market
- 7.1.1.1. Product Breakdown Size & Forecasts, 2022-2032
- 7.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Hypochlorous Acid Market
- 7.1.1. U.S. Hypochlorous Acid Market
- 7.2. Europe Hypochlorous Acid Market
- 7.2.1. U.K. Hypochlorous Acid Market
- 7.2.2. Germany Hypochlorous Acid Market
- 7.2.3. France Hypochlorous Acid Market
- 7.2.4. Spain Hypochlorous Acid Market
- 7.2.5. Italy Hypochlorous Acid Market
- 7.2.6. Rest of Europe Hypochlorous Acid Market
- 7.3. Asia-Pacific Hypochlorous Acid Market
- 7.3.1. China Hypochlorous Acid Market
- 7.3.2. India Hypochlorous Acid Market
- 7.3.3. Japan Hypochlorous Acid Market
- 7.3.4. Australia Hypochlorous Acid Market
- 7.3.5. South Korea Hypochlorous Acid Market
- 7.3.6. Rest of Asia Pacific Hypochlorous Acid Market
- 7.4. Latin America Hypochlorous Acid Market
- 7.4.1. Brazil Hypochlorous Acid Market
- 7.4.2. Mexico Hypochlorous Acid Market
- 7.4.3. Rest of Latin America Hypochlorous Acid Market
- 7.5. Middle East & Africa Hypochlorous Acid Market
- 7.5.1. Saudi Arabia Hypochlorous Acid Market
- 7.5.2. South Africa Hypochlorous Acid Market
- 7.5.3. Rest of Middle East & Africa Hypochlorous Acid Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. The Chemours Company
- 8.1.3. Olin Corporation
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. BASF SE
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. The Chemours Company
- 8.3.3. Olin Corporation
- 8.3.4. Arkema
- 8.3.5. AkzoNobel N.V.
- 8.3.6. Lonza Group AG
- 8.3.7. Solvay S.A.
- 8.3.8. Inovyn Chlorvinyls Limited
- 8.3.9. Occidental Petroleum Corporation
- 8.3.10. Westlake Chemical Corporation
- 8.3.11. Hawkins, Inc.
- 8.3.12. Aditya Birla Chemicals
- 8.3.13. Nouryon
- 8.3.14. Kuehne Company
- 8.3.15. IXOM
- 8.3.1. BASF SE
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
