Global Hypochlorous Acid Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product;

Sodium Hypochlorite, Calcium Hypochlorite and Others.

By Application;

Sanitizing Agent, Oxidizing Agent, Disinfecting and Others.

By End-Use;

Personal Care, Wound Management, Food & Agriculture, Oil & Gas, Water Treatment and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn113389141 Published Date: June, 2024 Updated Date: July, 2024

Introduction

Global Hypochlorous Acid Market (USD Million), 2020 - 2030

In the year 2023, the Global Hypochlorous Acid Market was valued at USD 3,544.15 million. The size of this market is expected to increase to USD 3,960.66 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 1.6%.

The global hypochlorous acid market is experiencing significant growth due to its diverse applications across various industries. Hypochlorous acid (HOCl) is a powerful oxidizing agent and disinfectant known for its effectiveness in killing bacteria, viruses, and other pathogens. It is commonly used in water treatment, medical applications, and as a sanitizing agent in food processing. The increasing demand for effective disinfection solutions, driven by growing concerns about hygiene and health, is fueling the expansion of the hypochlorous acid market.

In the water treatment industry, hypochlorous acid plays a crucial role in maintaining clean and safe water supplies. Its use in municipal water systems helps ensure that water is free from harmful microorganisms. Additionally, the acid is employed in various medical settings, including wound care and sterilization procedures, due to its biocompatibility and ability to promote healing. The rise in healthcare facilities and a heightened focus on infection control are contributing to the growing adoption of hypochlorous acid in medical applications.

The market's growth is further supported by advancements in production technologies and the increasing awareness of the benefits of hypochlorous acid over traditional disinfectants. Innovations in manufacturing processes are making hypochlorous acid more accessible and cost-effective, which is driving its adoption across new sectors. Moreover, the emphasis on environmental sustainability and the preference for eco-friendly disinfectants are likely to enhance the market's expansion, as hypochlorous acid is known for its low environmental impact compared to other chemical disinfectants.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By End-Use
    4. Market Snapshot, By Region
  4. Global Hypochlorous Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Health Awareness
        2. Demand for Eco-friendly Disinfectants
        3. Rising Water Treatment Needs
        4. Advancements in Healthcare
      2. Restraints
        1. High Production Costs
        2. Stability Issues
        3. Limited Shelf Life
        4. Regulatory Compliance Challenges
      3. Opportunities
        1. Emerging Market Expansion
        2. Innovative Product Formulations
        3. Increased Use in Agriculture
        4. Technological Advancements
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Hypochlorous Acid Market, By Product, 2020 - 2030 (USD Million)
      1. Sodium Hypochlorite
      2. Calcium Hypochlorite
      3. Others
    2. Global Hypochlorous Acid Market, By Application, 2020 - 2030 (USD Million)
      1. Sanitizing Agent
      2. Oxidizing Agent
      3. Disinfecting
      4. Others
    3. Global Hypochlorous Acid Market, By End-Use, 2020 - 2030 (USD Million)
      1. Personal Care
      2. Wound Management
      3. Food & Agriculture
      4. Oil & Gas
      5. Water Treatment
      6. Others
    4. Global Hypochlorous Acid Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF
      2. Lenntech B.V.
      3. Arkema S.A.
      4. Nouryon
      5. Lonza
      6. Kuehne Company
      7. Tosoh Corporation
      8. Aditya Birla Chemicals
      9. Surpass Chemical Company
      10. Ultrapure HOCL
      11. AGC Chemicals
      12. Westlake Chemical Corporation
      13. Tianjin Ruifuxin Chemical
  7. Analyst Views
  8. Future Outlook of the Market