Sodium Hypochlorite Market is forecast to reach $151.8 Million by 2025, after growing at a CAGR of 4.82% during 2020-2025. Sodium hypochlorite market demand is expected to drive global demand for household applications as well as for industrial municipal water treatment applications.The report covers [FURL=https://www.industryarc.com/Report/17870/sodium-hypochlorite-market.html]Sodium Hypochlorite Market[/FURL] size by type. Sodium Hypochlorite Market share by top 5 companies and also the market share by start-ups during the forecast period.Key Takeaways
In the next ten years, waterborne diseases will be the world's main problem. This water issue provides the demand for sodium hypochlorite with immense opportunities to grow.
Due to the growing population that results in greater needs for clean water, market demand will rise.
Sodium hypochlorite is also expected to grow as an oxidizing agent in the chemical industry in the near future.
Increasing the adoption of sodium hypochlorite for medical and household applications is another factor leading to further fuel the growth of this market over the forecast period.
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Geography - Segment Analysis
APAC dominated the Sodium Hypochlorite Market with a share of more than 35%, followed by North America and Europe. The Asia Pacific is the leading consumer of sodium hypochlorite for its large population with large sale use of household bleaching products Major industrial economies including China, India, Japan, and South Korea, are sodium hypochlorite's major consumers for use in wastewater treatment, household products, and chemical industries. Across Asia, China and India is two of the most populous countries. Both are rapidly increasing, and the general population is witnessing an increase in disposable income. This will fuel household product market growth, including detergent and liquid bleach, which will in turn increase demand for sodium hypochlorite in the country.
Drivers – Sodium Hypochlorite Market
The rise in industrial waste water and growing water contamination will drive the market growth
Sodium Hypochlorite top 10 companies are Odyssey Manufacturing Co., AGC group, Sunbelt Chemical Corporations, Orica Watercare, Shanghai Polymet Commodities Ltd., Solvay Chem, Akzo Nobel, BASF Chemicals, Olin Chlor Alkali, Arkema Group, Surpress Chem, Ineos, Sumitomo Chemical, Aditya Birla, among others.
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