Market Research Future (MRFR) in its latest study projects that the Global — Bleaching Chemical Market will capture a healthy CAGR during the assessment (2016-2022). Bleaching Chemicals are a chemical category that is used for dirt removal, purification and sanitization purposes. Bleaching Chemicals are legal for both domestic and industrial usage. Few of the popular domestic application of Bleaching Chemicals include cloth whitening, stain removal, hair color lightening. They are oxidizing agents, usually available in dilute solution. Bleach reaction on a material normally involves oxidation or deduction process. The dexterity usually differs in different bleaching chemicals, along with varying characteristics.
There is a strong demand for Bleaching Chemicals in industries such as personal care, cosmetic, textile industry, food additive, household industry, water treatment, epidemic control, pulp bleaching, carpet industry and aquaculture among others. Currently, sodium hypochlorite and hydrogen peroxide are the two most widely used bleaching chemicals. The former continues to be a major ingredient in chlorine whereas the later is used in various types of oxidation process. Third in the pecking order is calcium hypochlorite, which finds its usage predominantly in sanitization.
Global Bleaching Chemicals Market: Competitive Landscape
Some of the leading companies operating in the Global Bleaching Chemicals Market include Neutron Industries (U.S.), Hansol Chemicals (Korea), State Industrial Products Corporation (U.S.), 3M Company (U.S.), Ecolab G.K. (Japan), Akzo Nobel Eka (Netherlands), Aditya Birla Chemicals (India), Hercules and Hercules Inc (U.S.), Kemira Oyj (Europe) and Arrow-Magnolia International, Inc. (U.S.).
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German specialty chemical giant Evonik is set to acquire chemical manufacturing company PeroxyChem. The company has valued PeroxyChem at $625. The decision is aimed at bolstering Evonik’s peroxide business. PeroxyChem is a U.S. based company and owned by the private merchant banking arm of JPMorgan Chase One Equity Partners.
Global Bleaching Chemicals Market: Segmental Analysis
MRFR’s report includes a detailed segmental analysis of the Global Bleaching Chemicals Market based on Type and Application. Based on Type, the market has been segmented into chlorine dioxide, chlorine, sodium hypochlorite, sodium dichloroisocyanurate, calcium hypochlorite and others. The sodium hypochlorite segment is expected to remain highly attractive over the next several years. Sodium hypochlorite (NaOCI) is extremely effective in purification of water. A significant percentage of the global supply of sodium hypochlorite is consumed in surface purification, water purification, bleaching and odor removal. Based on Application, the market is segmented into textile industry, food additive, cosmetic & personal care, pulp bleaching, household industry and others.
Global Bleaching Chemicals Market: Regional Analysis
Bleaching Chemicals Market has been covered across key regions such as North America, Europe, South America, Asia Pacific (APAC), and the Middle East & Africa (MEA). Asia Pacific is expected to spearhead the global market for bleaching chemicals during the forecast period. China’s emergence as a global manufacturing hub has reflected favourably on the region’s market. China is world’s larges consumer of chemical bleaching.
Meanwhile, the production has also increased substantially in the country. In addition, rapid of the sub-markets (aquaculture, textile industry, food additive, water treatment, cosmetic & personal care, pulp bleaching, household industry, and epidemic control) of the product are witnessing an exponential growth across APAC.
This is primarily owing to the ongoing economic upsurge, robust industrialization and urbanization. India and the ASEAN circle also present lucrative opportunities for suppliers. Economic reforms, improving lifestyle and increase discretionary spending are some of the key factors that are driving the growth of the market in these APAC countries. MEA and South America are also expected to remain under radar of market players as these regions now represent are more attractive consumer market. The business opportunities are likely to remain limited in North America and Europe.
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