Global Industrial Calcium Hypochlorite Market Size By End-User Industry, By Application, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Industrial Calcium Hypochlorite Market Size By End-User Industry, By Application, By Geographic Scope And Forecast
Industrial Calcium Hypochlorite Market Size And Forecast
Industrial Calcium Hypochlorite Market size was valued at USD 4.18 Billion in 2023 and is projected to reach USD 5.9 Billion by 2030,growing at a CAGR of 1.67% during the forecast period 2024-2030.
Global Industrial Calcium Hypochlorite Market Drivers
The market drivers for the Industrial Calcium Hypochlorite Market can be influenced by various factors. These may include
Growing Need for Clean and Safe Water for Industrial Processes, Municipal Water Supplies, and Swimming Pools Calcium hypochlorite is extensively employed in water treatment applications for disinfection purposes.
Growing Apprehensions About Waterborne Illnesses Increased focus on water disinfection as a result of the growth in waterborne illnesses like cholera, typhoid, and dysentery has increased demand for industrial calcium hypochlorite as an efficient disinfectant.
Strict Water Quality Regulations Governments and regulatory agencies worldwide are putting strict water quality standards into action, requiring the adoption of efficient disinfection techniques. Calcium hypochlorite is being adopted by a number of sectors in order to comply with regulatory standards.
Growth of Industrial Infrastructure The need for calcium hypochlorite as a dependable and affordable disinfectant is fueled by the growth of industrial infrastructure, especially in areas like food and beverage processing, textiles, municipal water treatment, and pulp and paper.
Population and Urbanisation Growth As a result of urbanisation and population growth, there is a greater need for clean water for both home and industrial use. This makes calcium hypochlorite and other effective water treatment options necessary.
Technological developments and innovations in the manufacturing methods of calcium hypochlorite have resulted in enhanced scalability, affordability, and quality, which has propelled the market’s expansion.
Growing Awareness of Health and Hygiene The use of calcium hypochlorite and other water disinfection treatments is accelerated as consumers and industries become more cognizant of the significance of health and hygiene, particularly in the aftermath of pandemics like COVID-19.
Growth of End-Use sectors The industrial calcium hypochlorite market is driven by the rise of end-use sectors including healthcare, hospitality, and agriculture, which need water treatment solutions for a range of applications.
Global Industrial Calcium Hypochlorite Market Restraints
Several factors can act as restraints or challenges for the Industrial Calcium Hypochlorite Market. These may include
Health and Environmental Risks Although calcium hypochlorite is a powerful disinfectant, improper handling can result in health and environmental hazards. Its usage in some applications may be restricted due to worries about possible risks, such as environmental contamination and irritation of the skin and respiratory system.
Alternative Disinfection Technologies These technologies, which may have advantages over calcium hypochlorite in terms of safety, ease of use, or environmental impact, are competing in the market. Examples of these technologies are ultraviolet (UV) disinfection, ozone treatment, and chlorine dioxide.
Strict Rules for Chemical Handling and Storage Users may face difficulties complying with regulations on the safe handling, storage, and disposal of calcium hypochlorite, as well as additional expenses. Tight laws designed to reduce the dangers of handling chemicals might deter their use in some sectors of the economy.
Price Volatility of Raw Materials A number of factors, including disruptions in the supply chain, shifts in demand, or variations in energy prices, can affect the price of raw materials used in the production of calcium hypochlorite, such as calcium carbonate and chlorine. The market dynamics and producers’ profitability may be impacted by this price fluctuation.
Substitution by Alternate Water Treatment Techniques Industries may choose to use alternative water treatment techniques, like membrane filtration or sophisticated oxidation processes, which have the advantage of requiring less chemicals, requiring less maintenance, or producing water with higher quality. The market’s potential for expansion may be constrained by the presence of these substitutes for calcium hypochlorite.
Slow Adoption in Emerging Markets There are a number of reasons why industrial calcium hypochlorite adoption in emerging markets may be delayed, including minimal infrastructure, a lack of awareness, or a preference for more conventional disinfection techniques. This may make it more difficult for markets to expand in areas with high growth potential.
Global Industrial Calcium Hypochlorite Market Segmentation Analysis
The Global Industrial Calcium Hypochlorite Market is Segmented on the basis of End-User Industry, Application And Geography.
Industrial Calcium Hypochlorite Market, By End-Use Industry
Municipal Water Treatment The process of purifying municipal and public water utilities’ drinking water sources.
Industrial Water Treatment Industrial water treatment is the process of treating water used in mining, manufacturing, and other industrial activities.
Food & Beverage Industry To guarantee product safety and quality, processing facilities and equipment must be cleaned and sanitised.
Industrial Calcium Hypochlorite Market, By Application
Water treatment This covers the treatment of wastewater as well as industrial and municipal water.
Disinfection This includes cleaning surfaces in a variety of sectors as well as swimming pools, spas, and cooling towers.
Sanitization This includes dairy processing, agricultural applications, and equipment used in the food and beverage industry.
Industrial Calcium Hypochlorite Market, By Geography
North America Consisting of both the US and Canada.
Europe Consisting of nations like France, Italy, Germany, and the United Kingdom.
Asia-Pacific Consisting of Australia, South Korea, Japan, China, and India.
South America comprising Argentina, Brazil, and Mexico.
Middle East & Africa Consisting of both African and Middle Eastern countries.
Key Players
The major players in the Industrial Calcium Hypochlorite Market are
Lonza Group
China Petrochemical Corporation (Sinopec)
Tosoh Corporation
Nippon Soda Co., Ltd.
Tianjin Kaifeng Chemical Co., Ltd.
Westlake Chemical Corporation
Aditya Birla Chemicals (Thailand) Ltd.
Yuzhoushi Weilite Chemical Co., Ltd.
Nankai Chemical Co., Ltd.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2020-2030
BASE YEAR
2023
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2020-2022
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Lonza Group, China Petrochemical Corporation (Sinopec), Tosoh Corporation, Nippon Soda Co., Ltd., Tianjin Kaifeng Chemical Co., Ltd., Westlake Chemical Corporation, Aditya Birla Chemicals (Thailand) Ltd., Yuzhoushi Weilite Chemical Co., Ltd., Nankai Chemical Co., Ltd.
SEGMENTS COVERED
By End-User Industry
By Application
By Geography
CUSTOMIZATION SCOPE
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