Global hypochlorous acid market projected to reach USD 7.81 billion by 2033 with CAGR of 3.97%
From GlobeNewswire: 2024-07-16 06:00:00
The Global Hypochlorous Acid Market is projected to grow from USD 5.29 billion in 2023 to USD 7.81 billion by 2033, with a CAGR of 3.97%. Hypochlorous acid, derived from chlorine in water, is widely used in disinfection, water treatment, and medicinal applications due to its antibacterial properties and safety. Sodium hypochlorite is the most used derivative of hypochlorous acid. North America is expected to lead the market, followed by Asia Pacific.
Sodium hypochlorite is anticipated to dominate the global hypochlorous acid market, attributed to its bleaching, oxidizing, and disinfectant properties. The disinfectant segment is expected to hold the largest market share due to applications in various sectors like pool maintenance, water treatment, and wastewater treatment. The medical segment is predicted to have the highest market share, given hypochlorous acid’s antibacterial properties and safe usage in dermatology.
The global hypochlorous acid market is segmented based on product type (sodium hypochlorite, calcium hypochlorite, others), application (disinfectant, sanitizing agent, others), and end-user (medical, personal care, food & beverages, others). North America is expected to dominate the market due to strict regulations and the preference for hygiene. Asia Pacific is anticipated to witness the fastest growth due to rising demand for hypochlorous acid in water treatment industries.
Major vendors in the global hypochlorous acid market include BASF, Arkema S.A., Lonza, and others. In March 2023, Arkema S.A. launched a new hypochlorous acid product called Oxone for food processing and disinfection applications. Spherical Insights & Consulting offers comprehensive market research and consulting services, focusing on key organizations, business strategies, and market analysis. For more information, contact Spherical Insights at +1 303 800 4326 or +91 90289 24100 or visit their website.
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