Bleaching Chemicals Market market 2022 Future Challenges, SWOT Analysis, Expert Review, and Industry Growth Outlook 2030

 

Market Insights:

Bleaching Chemicals Market is projected to be worth USD 20350.23 million by 2030, registering a CAGR of 5% during the forecast period (2022–2030). The increasing application across different industry verticals is expected to fuel demand in the global bleaching chemicals market.

Sodium hypochlorite is the most widely used bleaching chemical worldwide followed by hydrogen peroxide, commonly used in the cosmetic industry. Calcium hypochlorite bleach which is used in sanitizing is likely to capture a significant share of the U.S. market.

Bleaching chemicals have developed an application in the textile industry, household industry, food additive, pulp bleaching, water treatment, carpet industries, etc. The boom witnessed in the end-user industries are poised to propel the Bleaching Chemicals Market expansion during the projection period. The bleaching chemical market resonates strong opportunities for growth, and the trend is likely to continue across the review period.

One of the key drivers of the bleaching chemicals market growth is the increasing need for potable water which intensifies the demand for bleaching chemicals for water treatment. Sodium and calcium hypochlorite is widely used for water treatment purposes. However, strict law enforcement regulating the production of bleaching chemicals, the toxicity of chemicals, etc. are expected to restrict the market proliferation over the next couple of years.

Market Segmentation:

By type, the bleaching chemicals market has been segmented into chlorine, chlorine dioxide, sodium hypochlorite, calcium hypochlorite, sodium dichloroisocyanurate, and others.

The global bleaching chemicals market has been segmented into cosmetic & personal care, textile industry, household industry, food additive, pulp bleaching, and others.

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Regional Analysis:

By region, the global bleaching chemicals market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is expected to hold a dominant share of the market towards the end of the forecast period. Led by China, the region is set to witness exponential demand from different end-user industries. Some of the sectors that are poised to create demand for bleaching chemicals in Asia Pacific are cosmetic & personal care, food additive, pulp bleaching, water treatment, epidemic control, aquaculture, textile industry, household industry, etc. Besides China, India, Malaysia, and Thailand are projected to resonate with strong growth opportunities over the assessment period. Meanwhile, North America and Europe regions are estimated to stage stagnant growth. The sluggish growth in these regions is attributable to the stringent laws regulating the production of bleaching chemicals.

Competitive Dashboard:

Some of the key players profiled by MRFR in the report are Neutron Industries (U.S.), Aditya Birla Chemicals (India), Akzo Nobel Eka (Netherlands), Hansol Chemicals (Korea), State Industrial Products Corporation (U.S.), Hercules and Hercules Inc (U.S.), Kemira Oyj (Europe), 3M Company (U.S.), Ecolab G.K. (Japan), and Arrow-Magnolia International, Inc. (U.S.).

Industry Developments:

In August 2018, Dover’s Hydro Systems, a global leader in the manufacturing of chemical proportioning and dispensing systems, introduced Hydro Xtreme. It is an electric diaphragm pump available in two versions, one is designed for sodium hypochlorite and hydrogen peroxide, and the other one for use with chlorine dioxide.