Hypochlorous Acid Market Size, Share, Price, Trends, Growth, Analysis, report, Forecast 2023-2028
According to a new report by Expert Market Research titled, “Global Hypochlorous Acid Market Share, Size, Report and Forecast 2023-2028″, the global hypochlorous acid market size is projected to grow at a CAGR of 3.10% between 2023 and 2028. Aided by the rising demand for efficient disinfecting solutions and the versatile applications of hypochlorous acid in various industries, the market is expected to grow significantly by 2028.
Hypochlorous acid is a powerful oxidant known for its high effectiveness in eliminating bacteria, viruses, fungi, and algae. It is commonly used in a range of products, including disinfectants, sanitising solutions, wound-healing products, and water treatment solutions. Its role is critical in ensuring the safety and hygiene of various environments, thus contributing to public health and environmental preservation. Besides its disinfecting properties, hypochlorous acid is also recognised for its excellent bleaching, deodorising, and cleaning capabilities, making it an invaluable component in various industrial applications.
The escalating global demand for effective disinfecting solutions is the primary driver of the hypochlorous acid market growth. With the rising awareness about hygiene and sanitation, particularly in the wake of the global pandemic, there has been a significant increase in the consumption of disinfecting products. The efficacy of hypochlorous acid in eliminating harmful pathogens, coupled with its safety profile and environmental friendliness, makes it a preferred ingredient in many sanitising products.
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The diverse applications of hypochlorous acid across various industries also contribute significantly to the hypochlorous acid market expansion. In the water treatment industry, hypochlorous acid is used for its powerful disinfecting properties to ensure the safety of drinking water and to control microbial growth in cooling towers and pools. The food and beverage industry utilises hypochlorous acid as a disinfectant to ensure food safety and extend product shelf-life. Furthermore, in the healthcare sector, hypochlorous acid is an essential component in wound-healing products, as it promotes wound cleansing and aids in infection prevention.
Moreover, the increasing demand for eco-friendly cleaning solutions has prompted a greater focus on hypochlorous acid as a sustainable disinfecting alternative. As a natural disinfectant, hypochlorous acid is non-toxic, non-hazardous, and biodegradable, which aligns with the growing consumer preference for green and sustainable products. This, in turn, propels the hypochlorous acid market development.
Lastly, the constant technological advancements in formulation and delivery methods have led to the development of more effective and convenient hypochlorous acid products, thus aiding the hypochlorous acid market growth. The innovation in electrochemical activation technology, for instance, allows the on-site production of hypochlorous acid, offering cost-effective and efficient disinfecting solutions.
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Market Segmentation
The market can be divided based on product type, end-user, application, and region.
Market Breakup by Product Type
• Calcium hypochlorite
• Sodium hypochlorite
• Others
Market Breakup by End-User
• Wound Management
• Oil and Gas
• Water Treatment
• Personal Care
• Food and Beverages
• Others
Market Breakup by Application
• Disinfecting
• Sanitising Agent
• Oxidising Agent
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global hypochlorous acid companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• Lenntech B.V.
• INOVYN
• Olin Corporation
• AGC Group
• Surpass Chemical Company, Inc
• Occidental Petroleum Corporation
• Others
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