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Rising Demand for Sodium Hypochlorite: Wastewater Treatment Leads Market Growth, Asia Pacific Takes Center Stage – Yahoo Finance

Global Sodium Hypochlorite Market
Dublin, Sept. 13, 2023 (GLOBE NEWSWIRE) — The "Sodium Hypochlorite Market, By Application, By End-use Industry, By Region- Size, Share, Outlook, and Opportunity Analysis, 2023 – 2030" report has been added to ResearchAndMarkets.com's offering.
The global sodium hypochlorite market reveals a remarkable growth trajectory, poised to reach $385.2 million by 2030, a substantial increase from $52.8 million in 2022, marking a compound annual growth rate (CAGR) of 28.2%.
Sodium hypochlorite, an inorganic chemical compound featuring a sodium cation and a hypochlorite anion, is widely recognized as liquid bleach. This pale greenish-yellow dilute solution has found extensive use as both a disinfectant and a bleaching agent in households. Its versatility extends to applications in water treatment, cleaning solutions, and vital roles in industries such as food processing and veterinary care.
Market Dynamics
In 2021, the wastewater treatment segment claimed the leading position within the global sodium hypochlorite market, a trend expected to persist through the forecast period. This dominance is attributed to the surging global population and urbanization, which drive the demand for purified drinking water and subsequently boost the need for sodium hypochlorite.
The Asia Pacific region is anticipated to secure a substantial market share during the forecast period (2023-2030). The increased use of household bleaching products in emerging economies like China, Japan, India, and South Korea is a significant contributing factor. Sodium hypochlorite plays a pivotal role in chemical manufacturing, industrial processes, and wastewater treatment in these regions. The rising disposable income in countries like India, the world's second-most populous nation, further augments the demand for household products, fueling the growth of sodium hypochlorite in the region.
Key Features of the Study
This study presents a wealth of insights, including revenue opportunities across various segments and compelling investment propositions for the market. It explores market drivers, constraints, opportunities, new product launches, regional outlook, and competitive strategies adopted by key players.
The report profiles prominent players in the global sodium hypochlorite market, providing a comprehensive view of their company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and future plans.
Conclusion
This report equips marketers and company management with valuable insights for making informed decisions regarding product launches, technology upgrades, market expansion, and marketing strategies. It caters to various stakeholders in the industry, including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts.
Stakeholders will find decision-making facilitated through the use of various strategy matrices applied in the analysis of the global sodium hypochlorite market.
Detailed Segmentation
By Application:
Cleaning & Disinfection
Bleaching
Chemical Manufacturing
By End-use Industry:
Household
Industrial
By Region:
North America
U.S.
Canada
Europe
U.K.
Italy
France
Germany
Spain
Russia
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Australia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
Middle East
Africa
Company Profiles
BASF Chemicals
Odyssey Manufacturing Co.
Aditya Birla
AGC group
Orica Watercare
Akzo Nobel
Shanghai Polymet Commodities Ltd.
Sumitomo Chemicals
Solvay Chem
Sunbelt Chemical Corporations
Arkema Group
Surpress Chem
Ineos
Key Attributes:
Report Attribute
Details
No. of Pages
120
Forecast Period
2022 – 2030
Estimated Market Value (USD) in 2022
$52.8 Million
Forecasted Market Value (USD) by 2030
$385.2 Million
Compound Annual Growth Rate
28.2%
Regions Covered
Global
For more information about this report visit https://www.researchandmarkets.com/r/1os8a5
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
Global Sodium Hypochlorite Market

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