Expanding end-use industries, particularly those in emerging nations in the water treatment, chemical, and pharmaceutical sectors, among others, are predicted to be a major factor in the global sodium hypochlorite market's growth. The industry of wastewater chemical treatment has been the main driver of the sodium hypochlorite market because of the increase in urbanisation and industrialisation, particularly in developing countries like China and India. The pulp & paper, textile, and bleach industries are expected to have exponential rise in demand in the future years. Growing understanding of the significance of routinely and properly sanitising workplaces, public toilets, shopping centres, and other sites is another factor driving sodium hypochlorite demand. In the upcoming years, it is anticipated that this awareness will grow the industry globally. Due to strict government rules requiring the sanitization of public areas, the global sodium hypochlorite market is anticipated to experience explosive growth in 2020. Nonetheless, during the anticipated period, end-user sectors like pharmaceutical and water treatment are anticipated to develop.
According to the Coherent Market Insights, the global market for Sodium Hypochlorite was valued at US$ 241.18 million in 2021, with a CAGR of 5.43% during the projected period (2022 to 2030).
Top Companies in the Sodium Hypochlorite Industry:
1. BASF Chemicals
The company was established in 1865 and its main office is in Ludwigshafen, Germany. The following segments make up the company's operations: Petrol and related products, chemicals, plastics, specialty goods, functional goods, and agricultural substitutes. On February 6, 2022, BASF advances the plastics transition to a more sustainable future. For battery maker PPES, BASF has been chosen as a strategic supplier of high-performance cathode active materials as of December 19, 2022.
2. Odyssey Manufacturing Co.
Odyssey Manufacturing was founded in 1998 and has its headquarters in Tampa, Florida. Odyssey Manufacturing Co. develops and distributes sodium hypochlorite (bleach) for use in industrial settings and the swimming pool industry. Brady welcomes the debut of Odyssey Design and Manufacturing Inc.in Sep , 2022.
3. Aditya Birla
The company was founded in 1857 with its headquarters in Mumbai. The company is involved in viscose staple fabric, alloys, viscose thread yarn, designer clothes, carbon black, chemicals, fertilisers, insulators, banking sectors, and communications. According to reports, the business would invest US$2.5 billion in an Alabama aluminium facility by 2022.
4. AGC group
The business was started in 1907 with corporate office in Tokyo.
Flat, automotive, display, chemical, ceramic, and other high-tech materials and parts are all supplied by AGC, a market leader in the industry. On January 23, AGC started conducting operational verification in float furnaces using the digital twin technology it developed for the glass melting process. In October 2022, Asahimas Chemical, a member of the AGC Group, signed a contract to buy renewable energy power certificates.
5. Akzo Nobel
The business was started in 1994 with its main office in Amsterdam, Netherlands. Paints and performance coatings are made by Akzo Nobel for use in industry and by customers everywhere. The liquid coatings division of Lankwitzer Lackfabrik's aluminium wheels is acquired by AkzoNobel in December 2022. In China, AkzoNobel increased its capacity for water-based texture paints in June 2022.
6. Sumitomo Chemicals
The business was established in 1913 and has its headquarters in Tokyo, Japan. Sumitomo Chemical manufactures, imports, and sells products for feed, professional pest management, environmental health, and crop protection. Sumitomo Chemical Bought a U.S. Biostimulant Business Firm in January 2023 to Help Grow Its Biorationals Business. A New High-Purity Semiconductor Process Chemical Manufacturing Facility is Being Built in the United States by Sumitomo Chemical. Promoting the Growth of Semiconductor Materials in the US Market as of September 2022.
7. Sunbelt Chemical Corporations
The company was founded in 1982 and central office is in Palm Coast, Florida. Sunbelt Chemicals Corp. distributes branded chemicals and offers cleaner, chlorine, bleach, windscreen washer fluid, and other chemical goods for the pool, home improvement, and supermarket industries. For the consumer and professional markets, Sunbelt Chemicals distributes chemicals under both private label and branded names.
8. Arkema Group
The Arkema group's headquarters are in Colombes, France, and it was founded in October 2004. Glass coating products, organic peroxide, and hydrogen hydrate are all offered by the speciality chemical and advanced materials company Arkema Group. In January 2023, Arkema completes the sale of its phosphorus derivatives business. In terms of social responsibility, Arkema is placed among the top businesses in the chemicals industry by the Dow Jones Sustainability Indices in December 2022.
Definition: The definition of sodium hypochlorite is an unstable salt of NaOCl that is typically generated in aqueous solution and utilised as a bleaching and antiseptic.
