Sodium hypochlorite, commonly known as bleach, is an inorganic compound with the formula NaOCl or NaClO. It has been used as a disinfectant and bleaching agent for over 100 years. Some key uses of sodium hypochlorite include water treatment, bleaching of paper pulp, disinfection of swimming pools, and as a household cleaner. With over 70% of earth’s surface covered by water and growing concerns around clean drinking water, the demand for sodium hypochlorite in water treatment applications has seen significant rise globally.Sodium hypochlorite is one of the most effective and inexpensive chemicals for disinfecting drinking water and treating wastewater. It kills bacteria, viruses and other microorganisms by breaking down their cell membranes and oxidizing essential proteins and nucleic acids. With rising global population, urbanization and industrialization, the volumes of fresh water required as well as wastewater generated are rising steadily. This is expected to drive continued growth in the sodium hypochlorite market.
The global Sodium Hypochlorite Market is estimated to be valued at US$ 77.98 Bn in 2024 and is expected to exhibit a CAGR of 9.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends observed in the sodium hypochlorite market has been the growing shift towards powder form of sodium hypochlorite from liquid bleach. Sodium hypochlorite powder offers advantages such as longer shelf-life, higher concentration, ease of storage and transport and lower risk of leaks. It is projected to be the fastest growing form over the coming years. Sodium hypochlorite powder is particularly gaining popularity for uses in wastewater treatment, where large quantities are required at plant sites. Innovation in production technologies has enabled development of cost-competitive and stable powder versions. Their lower logistical costs are further supporting growth.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as it requires high initial investments to setup production facilities. However, the availability of raw materials and growing demand reduces the threat.
Bargaining power of buyers: The bargaining power of buyers is high due to the availability of substitutes. Buyers can easily switch to alternative products.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as sodium hypochlorite requires common raw materials which are easily available.
Threat of new substitutes: The threat of new substitutes is high as alternative disinfectants are being increasingly used in different applications.
Competitive rivalry: The competitive rivalry is high due to the presence of global and regional players.
Key Takeaways
The Global Sodium Hypochlorite Market Size is expected to witness high growth.
Regionally, Asia Pacific dominates the market and is expected to grow at the fastest rate during the forecast period. Factors such as rising demand from water treatment plants and increasing infrastructure development activities drive the growth of the market in the region.
Key players: Key players operating in the sodium hypochlorite market are A2 Milk Company, PROVILAC, Vedaaz Organics Pvt. Ltd., Vinamilk, and Freedom Foods Group. Key players mainly focus on capacity expansion and mergers & acquisitions to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compil
