Hypochlorous Acid Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Hypochlorous acid is formed by dissolving chlorine in the water. It holds excellent microbial & oxidizing properties. It is utilized as a disinfectant agent in medical, water treatment, along with food additives in the food & beverages industry. Sodium hypochlorite & calcium hypochlorite are the major two types of hypochlorous acid. Sodium hypochlorite is a highly consumed hypochlorous acid globally. Sodium hypochlorite is easy to be stored & transported. It is more effective as compared to chlorine gas in various applications.

MARKET DYNAMICS

The hypochlorous acid market has witnessed significant growth owing to factors such as wider application in personal care, wound management, food & agriculture, oil & gas, water treatment, and others. Hypochlorous acid work as an excellent disinfectant in wound healing applications. It speeds up the healing process of any wound and other infections, including an eye infection, ear infection, and others. The rise in demand for oxidizing as well as disinfecting agents in order to afford quality water is driving the global hypochlorous acid market. Hypochlorous acid is further used as an active sanitizing agent in swimming pools also skin cleansing agents in cosmetic applications. However, various regulations upon this product may hamper the growth of the hypochlorous acid market. Nevertheless, with the steady growth in the water treatment industry and food processing industry, there are opportunities for the industry players to invest in this market.

MARKET SCOPE

The "Global Hypochlorous Acid Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hypochlorous acid market with detailed market segmentation by product type, application, end-use, and geography. The global hypochlorous acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hypochlorous acid market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global hypochlorous acid market is segmented on the basis of product type, application, and end-use. On the basis of product type, the hypochlorous acid market is segmented into sodium hypochlorite, calcium hypochlorite, and others. The hypochlorous acid market on the basis of the application is classified into sanitizing agent, oxidizing agent, disinfecting, and others. Based on end-use the hypochlorous acid market is segmented into personal care, wound management, food & agriculture, oil & gas, water treatment, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hypochlorous acid market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hypochlorous acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the hypochlorous acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hypochlorous acid market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global hypochlorous acid market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hypochlorous acid market are anticipated to lucrative growth opportunities in the future with the rising demand for hypochlorous acid in the global market. Below mentioned is the list of few companies engaged in the hypochlorous acid market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hypochlorous acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   AGC Chemicals
•   Arkema S.A.
•   BASF SE
•   Clorox Company
•   Inovyn Chlorvinyls Limited
•   Lenntech B.V.
•   Lonza
•   Nouryon
•   Occidental Petroleum Corporation
•   Olin Corporation

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Hypochlorous Acid Report Scope