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.
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.
Global Calcium Hypochlorite Market: Overview
Calcium hypochlorite is an inorganic compound with the formula Ca (ClO) 2a and is an active ingredient of several commercial products such as chlorine powder, bleaching powder, chlorinated lime, used for water treatment and as a bleaching agent. It is extensively available across the globe and is also used for cleaning public pools. Calcium hypochlorite offers a favorable cost-to-performance ratio, as it provides protection from germs and is cost effective.
Global Calcium Hypochlorite Market: Growth Factors
The global market for calcium hypochlorite is expected to expand significantly, driven by increased demand in the water treatment application. Moreover, escalating need of fresh water owing to rising in the infections due to water-borne ailments is the key factor driving calcium hypochlorite market growth presently. An increase in usage of calcium hypochlorite in various industries such as food & beverages, pulp and paper, wastewater treatment, detergents is expected to fuel the growth of the market. Calcium hypochlorite is hygroscopic and corrosive and reacts slowly with moisture to the formation of toxic chlorine gas. Thus, stringent regulation by various regulatory bodies on the consumption of calcium hypochlorite regarding negative effect on human health is hampering the growth of the demand for calcium hypochlorite. Furthermore, manufacturers must expand their sales force by expanding and strengthening their distribution networks to increase their market share. Thereby, certain initiatives are expected to drive the global calcium hypochlorite market
Global Calcium Hypochlorite Market: Segmentation
The global calcium hypochlorite market can be divided based on product form and application. Based on the product form, the market is divided into powder, pellet, and granule. On the basis of application, the market is divided into water treatment, house cleaners and detergents, agrochemicals, food and beverage, and pulp & paper.
Region-wise, the global market is analyzed into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global Calcium Hypochlorite Market: Regional Analysis
North America and Europe are the major regions contributing notably towards calcium hypochlorite market share. Asia Pacific calcium hypochlorite market is projected to be a rampantly growing region in the near future, owing to the strong focus on research and development activities witnessed in the countries such as Japan, China, South Korea, and India. In addition to, rise in the water treatment and house cleaning activities various regions of Asia Pacific is anticipated to drive the growth of calcium hypochlorite market in the region during the forecast timeline. Furthermore, rapid urbanization in emerging economies such as China and India is projected to drive the calcium hypochlorite market in the future ahead.
Global Calcium Hypochlorite Market: Competitive Players
Some main participants of the calcium hypochlorite market are China Petrochemical Corporation (SINOPEC), Tosoh Corporation, Lonza Group Ltd., Nippon Soda Co., Ltd, Westlake Chemical Corporation, Sree Rayalaseema Hi-Strength Hypo Ltd., Tianjin Kaifeng Chemical Co., Ltd., and Yuzhoushi Weilite Chemical Co., Ltd., Grasim Industries Limited, Organic Industries Private Limited, Innova Corporate, Solvay SA, and Nikunj Chemical Limited.
Calcium Hypochlorite Market: Regional Segment Analysis
FrequentlyAsked Questions
Rise in demand for fresh water owing to the growing global population is primarily driving the growth of global calcium hypochlorite market. In addition, growing demand in water desalination process is also estimated to positively impact the calcium hypochlorite market across the globe.
According to Zion Market Research, global demand for calcium hypochlorite market 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.
North America and Europe are the major regions contributing notably towards calcium hypochlorite market share owing to the presence of large, well established water treatment organizations in these regions. Asia Pacific is estimated to grow at a fastest pace in the future ahead owing to the strong research and development activities in South Korea, China, Japan, and India.
The key players of the calcium hypochlorite market are China Petrochemical Corporation (SINOPEC), Tosoh Corporation, Lonza Group Ltd., Nippon Soda Co., Ltd, Westlake Chemical Corporation, Sree Rayalaseema Hi-Strength Hypo Ltd., Tianjin Kaifeng Chemical Co., Ltd., and Yuzhoushi Weilite Chemical Co., Ltd., Grasim Industries Limited, Organic Industries Private Limited, Innova Corporate, Solvay SA, and Nikunj Chemical Limited among others.
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