According to the research report titled ‘Global Sodium Hypochlorite Market Application (Agriculture, Chemical, Water Treatment, Textile, Household) Function (Oxidizing, Bleaching, Odor Removal, Disinfection) Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, global sodium hypochlorite market is slated to expand considerably between 2021-2027.
 

Growing consumption of sanitization products and expansion of water treatment chemicals market are key factors driving global sodium hypochlorite industry growth.
 

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For the unversed, sodium hypochlorite (NaOCI) is a chemical compound which is widely used as a disinfectant or bleaching agent. It is commonly found in households and is the oldest and most widely utilized chlorine based bleach.
 

Experts anticipate that the implementation of innovative technologies to generate sodium hypochlorite while combatting water concerns will present new opportunities for growth in this domain. Citing an example, a San Diego-based water treatment plant, Otay Water Treatment Plant, in February 2020, announced plans to shift from chlorine gas to on-side production of sodium hypochlorite to reduce manufacturing costs, enhance safety, and decrease risks.
 

While widespread application in textile, chemical, agriculture, and water treatment sectors will aid market expansion, stringent government regulations on occupational exposure will pose as a challenge for businesses.
 

Based on application scope, global sodium hypochlorite industry size from chemical segment is anticipated to grow at 3.5% CAGR between 2021-2027. Meanwhile, the textile and agriculture segments are speculated to witness 5.5% CAGR and 4.6% CAGR over the forecast timeframe, respectively.
 

Speaking of function, bleaching segment is slated to augment at 4.4% CAGR through 2027. The demand for sodium hypochlorite for bleaching applications is set to grow owing to its excellent stain resistant & removal properties. Meanwhile the utilization of sodium hypochlorite as an oxidizing agent and for odor removal will increase at a CAGR of 3.9% and 3% respectively.
 

Regionally speaking, Latin America market is projected to expand at 4.5% CAGR between 2021-2027. Meanwhile, the North America market it is reckoned to grow at 5% CAGR during the same time period.
 

Key players influencing the overall sodium hypochlorite industry trends are JSC Kaustik Volgograd, Odyssey Technologies Limited, Merck KGaA, AGC Chemicals Americas Inc., Ixom Limited, Solvay S.A., Hawkins Inc., Sunbelt Chemicals Corporation, Aditya Birla Chemicals (India) Limited (ABCIL), Akzo Nobel N.V., Sumitomo Chemical Co. Ltd., Arkema S.A., Ineos Group Limited, BASF SE, and Olin Corporation.