Sodium hypochlorite comprises of sodium cation and hypochlorite anion, and is used as an oxidizing agent, bleaching agent, and disinfectant. The appearance of sodium hypochlorite is pale greenish-yellow.
Rising demand for sodium hypochlorite from water treatment plant is a major factor driving growth of the global sodium hypochlorite market. In addition, rising demand for sodium hypochlorite, owing to increasing use in agriculture, pharmaceutical, and healthcare sectors is another factor expected to fuel growth of the target market over the forecast period globally.
The global sodium hypochlorite market has been segmented on the basis of function, end user, and region. On the basis of function, the global market is segmented into oxidizing, bleaching, odor removal, and water disinfection. The water disinfection segment is expected to witness significant growth over the forecast period.
On the basis of end user, the global sodium hypochlorite market is segmented into agriculture, chemical, water treatment, paint, and others. The other segment includes pharmaceutical, textiles, healthcare, and domestic. The water treatment segment is expected to witness highest growth in terms of revenue during the forecast period.
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On the basis of region, the global sodium hypochlorite market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific accounts for largest revenue share in the global market, owing to increasing production and consumption of sodium hypochlorite in various end-use industries in countries in the region, followed by the market in North America and Europe. The market in Latin America and Middle East & Africa is expected to register moderate growth in terms of revenue during the forecast period.
Key players operating in the global sodium hypochlorite market include Odyssey Manufacturing Co., AGC Inc., Sunbelt Chemical Corp, Orica Watercare, Shanghai Polymet Commodities Ltd., Solvay Chemicals, Inc., Akzo Nobel N.V., BASF SE, Olin Corporation, and Arkema Inc.