New York, United States , July 16, 2024 (GLOBE NEWSWIRE) -- The Global Hypochlorous Acid Market Size is to Grow from USD 5.29 Billion in 2023 to USD 7.81 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 3.97% during the projected period.
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Chlorine dissolved in water produces hypochlorous acid, a weak acid having oxidizing and microbiological qualities. The material is widely used in the food and beverage industry as a disinfectant in water treatment and medicinal applications. Hypochlorous acid's potent antibacterial qualities render it effective against a wide range of bacteria, viruses, and fungi. It is also non-toxic and carcinogenic, which makes it a safe and useful choice for a variety of applications. Hypochlorous acid is a significant inorganic bactericidal agent that is effective against a wide range of microorganisms. Sodium and calcium hypochlorite are the two derivatives of hypochlorous acid that are most frequently used. The body rapidly produces the weak acid hypochlorous acid. Hypochlorous acid is frequently utilized in the water treatment industry because it is non-toxic to humans and animals and is convenient to use, store, and transport. Hypochlorous acid is in great demand in the water treatment sector, which is facilitating the growth of the global market, because of these variables. However, the two primary issues facing the global hypochlorous acid market are the product's stability and price. In many industries, hypochlorous acid chloride is not widely used due to its relatively expensive production cost.
Browse key industry insights spread across 205 pages with 110 Market data tables and figures & charts from the report on the "Global Hypochlorous Acid Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Sodium Hypochlorite, Calcium Hypochlorite, Others), By Application (Disinfectant, Sanitizing Agent, and Others), By End-user (Medical, Personal Care, Food & Beverages, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The sodium hypochlorite segment is anticipated to hold the greatest share of the global hypochlorous acid market during the projected timeframe.
On the basis of product type, the global hypochlorous acid market is divided into sodium hypochlorite, calcium hypochlorite, and others. Among these, the sodium hypochlorite segment is anticipated to hold the greatest share of the global hypochlorous acid market during the projected timeframe. Sodium hypochlorite is widely used in the laundry and water treatment industries because of its exceptional bleaching properties. Sodium hypochlorite's oxidizing and disinfecting properties make it useful as well.
The disinfectant segment is anticipated to hold the largest share of the global hypochlorous acid market during the projected timeframe.
On the basis of application, the global hypochlorous acid market is divided into disinfectants, sanitizing agents, and others. Among these, the disinfectant segment is anticipated to hold the largest share of the global hypochlorous acid market during the projected timeframe. Hypochlorous acid was utilized by pools, drinking water treatment plants, and wastewater treatment facilities to disinfect their water. By eliminating bacteria, viruses, and algae, it ensures clean and safe water.
The medical segment is predicted to hold the greatest share of the hypochlorous acid market during the estimated period.
On the basis of end users, the global hypochlorous acid market is divided into medical, personal care, food & beverages, and others. Among these, the medical segment is predicted to hold the greatest share of the hypochlorous acid market during the estimated period. Hypochlorous acid has several significant uses in the medical field due to its remarkable antibacterial properties and safety for human use. It is used to treat skin conditions like acne and dermatitis in dermatology. It can reduce swelling and calm skin irritation.
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North America is expected to hold the largest share of the global hypochlorous acid market over the forecast period.
North America is expected to hold the largest share of the global hypochlorous acid market over the forecast period. North American market is due to the region's strict laws, customers' preference for hygiene and cleanliness, and the growing use of modern disinfection technology. Regulations concerning the usage of sanitizers in different sectors are also anticipated to drive market growth in the region.
Asia Pacific is predicted to grow at the fastest pace in the global hypochlorous acid market during the projected timeframe. The result of developing countries like China and India's growing need for hypochlorous acid. One of the key factors driving the growth of the Asia Pacific hypochlorous acid market is the rising demand from the water treatment sectors.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global hypochlorous acid market include BASF, Lenntech B.V., Chemtex Speciality Limited, Arkema S.A., Nouryon, Sonoma Pharmaceuticals, Inc., Lonza, Kuehne Company, Aditya Birla Chemicals, Surpass Chemical Company, Ultrapure HOCL, AGC Chemicals, Tosoh Corporation, Oxyfresh Corporation, and Others.
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Recent Developments
- In March 2023, A novel hypochlorous acid product called Oxone was launched by Arkema S.A. Applications for Oxone include food processing and disinfection. Oxone is a stabilized hypochlorous acid solution.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global hypochlorous acid market based on the below-mentioned segments:
Global Hypochlorous Acid Market, By Product Type
- Sodium Hypochlorite
- Calcium Hypochlorite
- Others
Global Hypochlorous Acid Market, By Application
- Disinfectant
- Sanitizing Agent
- Others
Global Hypochlorous Acid Market, By End-User
- Medical
- Personal Care
- Food & Beverages
- Others
Global Hypochlorous Acid Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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