24-Sep-2020 | Zion Market Research
According to the report published by Zion Market Research, global demand for calcium hypochlorite market was valued at approximately USD 941 Million in 2019, and is expected to generate revenue of around USD 1174 Million by end of 2026, growing at a CAGR of around 3.2 % between 2020 and 2026. Growth in the global market for calcium hypochlorite is boosted by the increase in demand for fresh water and rise in requirement for calcium hypochlorite in paper & pulp applications. The market for calcium hypochlorite in Asia Pacific is expected to grow at a 4% CAGR in the years to come. Rapid urbanization in developing nations such as India and China is expected to power the growth of calcium hypochlorite market in the area.
Major players active in the global market comprise China Petrochemical Corporation (SINOPEC), Lonza Group Ltd., Tosoh Corporation, Westlake Chemical Corporation, Nippon Soda Co., Ltd, Tianjin Kaifeng Chemical Co., Ltd., Sree Rayalaseema Hi-Strength Hypo Ltd., and Yuzhoushi Weilite Chemical Co., Ltd.
Drop In Sources Of Fresh Water And Rise In Requirement For Fresh Water Predicted To Power Global Market
As per the World Bank, 783 million individuals all over the world in 2016 lacked access to safe drinking water, huge amount of hospital beds were crowded by people infected with waterborne diseases, and 2.5 billion individuals lacked adequate sanitization. At the present rate, almost 90% of all accessible freshwater is predicted to be used in the coming 2–3 decades. As a result, water reuse and desalination is expected to turn out to be a vital origin of freshwater. Presently, over 16,000 desalination hubs are active in minimum 140 nations all over the world. Over 100 water reuse hubs are accessible all over the globe. These hubs need dependable disinfection techs, comprising calcium hypochlorite either in post- or pre-treatment format, to stop biological contamination inside the distribution system or the overall system. Hence, rise in requirement for fresh water and drop in its sources are expected to power the requirement for calcium hypochlorite in the coming period.
Huge User Base In Developing Nations Of Asia Pacific To Create Growth Avenues For Global Market
Regionally, the global market for calcium hypochlorite can be divided into Latin America, North America, Asia Pacific, Europe, and Middle East & Africa. Europe and North America held major share of the global market, since most of the water treatment firms are well settled in these areas. Asia Pacific also has a noteworthy share of the global market. The Asia Pacific market is predicted to grow at a quick speed owing to the rise in requirement for fresh water and drop in fresh water sources in the area. The Latin American and Middle East & African market is predicted to grow at a slow speed in the years to come.
Browse the full “Calcium Hypochlorite Market Product Form (Powder, Pellet, and Granule), Application (Water Treatment, House Cleaners and Detergents, Agrochemicals, Food and Beverage, and Pulp & Paper): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/calcium-hypochlorite-market
The global calcium hypochlorite market is segmented as follows:
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