In a recently published report, Global Sodium Hypochlorite Solutions Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Sodium Hypochlorite Solutions Market products.
Get Sample Reports Here – https://www.kennethresearch.com/sample-request-10058885
It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Global Sodium Hypochlorite Solutions Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The major driving factors of global sodium hypochlorite solutions market are rising in industrialization and growing demand across end user industries. The sodium hypochlorite solutions market is anticipated to continue its dominance during the forecast period, due to the increasing population. The major restraining factor of global sodium hypochlorite solutions market is several health concerns. The sodium hypochlorite market is driven by its demand in water treatment applications and household bleach products specially stain remover and surface cleaner formulations. However, instability and hazardous nature of sodium hypochlorite due to its strong oxidizing properties might hamper the market growth. Sodium hypochlorite (NaClO) is a chemical compound consisting of sodium (Na), oxygen (O), and chlorine (Cl) that has been used for bleaching and disinfecting. Now, sodium hypochlorite (commonly called chlorine bleach or simply bleach) is mass produced by the chlorination of soda ash. Sodium hypochlorite is a widely used household bleaching agent due to its high oxidizing strength. It is extensively used in cleaner formulations for clothes as well as surfaces. Sodium hypochlorite is used as a disinfectant in surface cleaner formulations, especially in hotels and equipment for food processing. Some other uses for sodium hypochlorite include neutralizing chemical agent for nerve gas disposal and as biocide and pulp digestion chemical in endodontic applications by dentists.
The regional analysis of Global Sodium Hypochlorite Solutions Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading player in global sodium hypochlorite solutions market due to the rapid growth of end-user industries. Countries such as China and India are among the major agricultural producers. China is the leading manufacturer of paints and chemicals. Thus, the sodium hypochlorite market in Asia Pacific is anticipated to expand at a significant growth rate during the forecast period. North America is another major consumer for sodium hypochlorite especially in the dental care and waste water treatment applications. In Rest of the World, Brazil, Argentina and South Africa contribute to major demand for the market. Europe is expected to witness comparatively slower growth than other regions due to its stringent regulations.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
ï‚§ 20% Solution
ï‚§ 10% Solution
ï‚§ Chemical use
ï‚§ Agricultural use
ï‚§ Water treatment
ï‚§ North America
ï‚§ Asia Pacific
ï‚§ Latin America
ï‚§ Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players include BASF, AkzoNobel, AGC, Arkema, Olin Chlor Alkali, INEOS, Occidental, Sumitomo Chem, Aditya birla, Vertex Chem, JSC Kaustik, Orica Watercare, Alexander, Orient Enterptles Chemical, Takasugi Pharmaceutical and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Sodium Hypochlorite Solutions Market in Market Study:
ï‚§ Key Consulting Companies & Advisors
ï‚§ Large, medium-sized, and small enterprises
ï‚§ Venture capitalists
ï‚§ Value-Added Resellers (VARs)
ï‚§ Third-party knowledge providers
ï‚§ Investment bankers
Download Sample Reports Here – https://www.kennethresearch.com/sample-request-10058885
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
Email : Sales@kennethresearch.com
Phone: +1 313 462 0609