According to new Global Market Insights, Inc, chemical research report Hypochlorite Bleaches Market size is likely to witness a significant upsurge to 2025 due to developing healthcare industry globally and increasing instances of contamination by pathogens. Hypochlorite bleaches generally are sodium salts of chloranol acid miscible in water. They are commonly known as bleach or liquid bleach. They are primarily used as bleaching agent and disinfectant across pulp & paper, pharmaceutical, laundry, food processing, etc.
Growth of hypochlorite bleach market is largely driven by laundry and pharmaceutical industry. Rising disposable income, changing lifestyle and high rate of urbanization is driving the hypochlorite bleaches market globally. There are new manufacturing trends, technological innovations, and an increased integration of companies which has boosted the overall pharmaceutical industry. The global expenditure on healthcare was about 9.9% of GDP in 2015. While, in 2010 it was 9.5% of the GDP, this shows the growing expenditure on healthcare around the world will subsequently fuel hypochlorite bleaches market outlook by 2025.
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The corrosive nature of hypochlorite bleaches if handled poorly can lead to skin burns. They can most probably cause permanent damage to the nerve and tissues of the eyes. Such implications may negatively impact on industry growth in coming years. However, commercial hypochlorite bleach solutions are diluted while, there are standard operating procedures to be followed for handling industry grade hypochlorite bleaches, which minimizes the risk due to its exposure.
Based on types, hypochlorite bleaches market is classified into lithium hypochlorite, sodium hypochlorite, potassium hypochlorite and calcium hypochlorite. Sodium hypochlorite funds application such as bleaching, water disinfection, surface removal and odor removal. Sodium hypochlorite is slightly yellowish solution which is effectively used for water purification. However, on large scale it is used for odor removal, bleaching, surface purification and for water disinfection. While in food processing industry, sodium hypochlorite is used as a disinfectant to sterilize food preparation equipment. It is also used in vegetable processing, poultry production, fish processing and for disinfecting shrimp ponds. Lithium hypochlorite finds its application as a shock treatment in pools with fiberglass, painted pools and spas.
Based on end use, hypochlorite bleaches is segmented into healthcare, pulp & paper, domestic use, laundry, textiles, food processing and others. Growing awareness regarding public hygiene in hospitals, offices, school and colleges, etc. is boosting the disinfectant industry which will have a positive outlook for the overall hypochlorite bleaches market.
North America holds highest share for hypochlorite bleaches market due to developed and well established healthcare industry. U.S. spends approximately 16% of total GDP on healthcare initiatives. Strong R&D by the key pharmaceutical manufacturer in the U.S. for innovation and development of new medicines will play a significant role in robust growth for healthcare industry.
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Asia Pacific will account for substantial growth in the hypochlorite bleaches market due to the steady growth in the healthcare industry and rapidly rising middle class population. Rapid industrialization along with escalating urbanization will propel product demand for its widespread application in water treatment facilities across all major end-user sectors such as municipal water treatment, chemical, etc. Strict government regulations regarding treatment of wastewater before its disposal into natural water bodies will further complement industry growth by 2025. Furthermore, strong growth indicators in food & beverage processing industry in countries such as China, India, Indonesia, etc will positively impact on the Asia Pacific hypochlorite bleaches market size by 2025.
Various industry players are investing a significant amount on R&D activities to develop products which are more effective and less toxic. New hypochlorite bleach product launches and strategic acquisitions is primarily focused by many industry players so as to maintain competitive edge in the market. Recently, Hawkins inc. acquired the business of Vertex Chemical Corporation which is involved in high-quality manufacturing and distribution of sodium hypochlorite. Few industry players in hypochlorite bleaches market are Lion apparel inc., P and J enterprise, Shijiazhuang, Mahuhay Vinyl Corporation, Xinlongwei Chemical Co., Ltd., United Chloro Paraffin Pvt. Ltd., Shouguang Tianwei Chemical Co., Ltd., Union Overseas Enterprise Ltd., Ecoviz Kft., Tianjin Yufeng Chemical Co.,Ltd., JSC AVANGARD, etc.
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