Global Hypochlorous Acid Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Sodium Hypochlorite, Calcium Hypochlorite, Others), By Application (Disinfectant, Sanitizing Agent, and Others), By End-user (Medical, Personal Care, Food & Beverages, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Industry: Chemicals & Materials

RELEASE DATE Jul 2024
REPORT ID SI5079
PAGES 205
REPORT FORMAT PathSoft

Global Hypochlorous Acid Market Insights Forecasts to 2033

  • The Global Hypochlorous Acid Market Size was Valued at USD 5.29 Billion in 2023
  • The Market Size is Growing at a CAGR of 3.97% from 2023 to 2033
  • The Worldwide Hypochlorous Acid Market Size is Expected to Reach USD 7.81 Billion by 2033
  • Asia Pacific is Expected to Grow the fastest during the forecast period.

Global Hypochlorous Acid Market

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The Global Hypochlorous Acid Market Size is Anticipated to Exceed USD 7.81 Billion by 2033, Growing at a CAGR of 3.97% from 2023 to 2033.

 

Market Overview

Hypochlorous acid is a weak acid with microbiological and oxidizing properties created when chlorine is dissolved in water. The substance finds widespread application in the food and beverage industry as a disinfection agent in medical and water treatment applications. The strong antibacterial properties of hypochlorous acid make it efficient against various bacteria, viruses, and fungi. In addition, it is not carcinogenic or poisonous, which makes it a safe and practical option for a range of uses. One important inorganic bactericidal substance that works well against various microbes is hypochlorous acid. The two most widely utilized derivatives of hypochlorous acid are sodium and calcium hypochlorite. For the disinfectant to kill or inactivate microorganisms or viruses, the cell wall must be destroyed during the disinfection process. Additionally, it is anticipated that the increasing incidence of wound conditions like diabetic foot ulcers would have a favorable impact on market growth. The medical industry is another major force in the hypochlorous acid market its antibacterial and anti-inflammatory qualities make it a valuable ingredient for medicinal applications. The rising number of people with chronic wounds, the growing need for water treatment, and the growing need for safe and healthful food will all drive the demand for hypochlorous acid in emerging economies.  

 

Report Coverage

This research report categorizes the market for the global hypochlorous acid market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global hypochlorous acid market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global hypochlorous acid market.

 

Global Hypochlorous Acid Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023 :USD 5.29 Billion
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :3.97%
2033 Value Projection:USD 7.81 Billion
Historical Data for:2019-2022
No. of Pages:205
Tables, Charts & Figures:110
Segments covered:By Product Type, By Application, By End-user, By Region
Companies covered:: BASF, Lenntech B.V., Chemtex Speciality Limited (India), Arkema S.A., Nouryon, Sonoma Pharmaceuticals, Inc, Lonza., Kuehne Company, Aditya Birla Chemicals, Surpass Chemical Company, Ultrapure HOCL, AGC Chemicals, Tosoh Corporation, Oxyfresh Corporation, and Others Key Vendors.
Pitfalls & Challenges:COVID-19 Empact, Challenges, Future, Growth, & Analysis

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Driving Factors

The body produces hypochlorous acid, a weak acid, rapidly. Because hypochlorous acid is non-toxic to people and animals and is easy to store, transport, and utilize, it is widely used in the water treatment business. Because of these causes, the water treatment industry, which is supporting the expansion of the global market, has a high demand for hypochlorous acid. There is a strong demand for hypochlorous acid due to rising public awareness, a growing need for clean water, and an increase in the output of industrial effluent. These are factors that are driving the market for water treatment expansion. Hypochlorous acid is a safe and efficient approach to disinfecting equipment and surfaces. Additionally, it works well against a variety of pathogenic germs.  

 

Restraining Factors

The price and stability of the product are the two primary issues facing the global market for hypochlorous acid. The comparatively high cost of producing hypochlorous acid chloride prevents it from being widely used in some industries. In addition, hypochlorous acid chloride has a short shelf life and might be unstable, therefore handling and storage must be done carefully.    

 

Market Segmentation

The global hypochlorous acid market share is classified into product type, application, and end user.  

  • The sodium hypochlorite segment is expected to hold the largest share of the global hypochlorous acid market during the forecast period.   

Based on the product type, the global hypochlorous acid market is divided into sodium hypochlorite, calcium hypochlorite, and others.  Among these, the sodium hypochlorite segment is expected to hold the largest share of the global hypochlorous acid market during the forecast period. The superior bleaching capabilities, sodium hypochlorite is frequently utilized in water treatment and laundry industries. Sodium hypochlorite is also used for its disinfecting and oxidizing qualities. The need for sodium hypochlorite as a household disinfectant and bleaching chemical has grown as worries about the frequency of infectious diseases have grown.

 

  • The disinfectant segment is expected to hold the largest share of the global hypochlorous acid market during the forecast period.   

Based on the application, the global hypochlorous acid market is divided into disinfectants, sanitizing agents, and others. Among these, the disinfectant segment is expected to hold the largest share of the global hypochlorous acid market during the forecast period. Pools, drinking water treatment plants, and wastewater treatment facilities all used hypochlorous acid to disinfect their drinking water. It guarantees pure and safe water by eliminating germs, viruses, and algae. Because hypochlorous acid has antibacterial qualities, it is used in healthcare settings for wound cleansing and surface disinfection. It is safe to use in dentist offices, clinics, and hospitals.

 

  • The medical segment is expected to hold the largest share of the global hypochlorous acid market during the forecast period.   

Based on the end user, the global hypochlorous acid market is divided into medical, personal care, food & beverages, and others. Among these, the medical segment is expected to hold the largest share of the global hypochlorous acid market during the forecast period. Its exceptional antibacterial qualities and safety for human usage, hypochlorous acid has various important applications in the medical field. In dermatology, it's used to treat skin diseases like dermatitis and acne. It can ease skin irritation and lessen swelling. Moreover, hypochlorous acid is utilized in ophthalmic treatments as an eye wash and disinfectant to avoid infections and to clean the eyes before examinations and surgery.  

 

Regional Segment Analysis of the Global Hypochlorous Acid Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the global hypochlorous acid market over the predicted timeframe.

Global Hypochlorous Acid Market

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North America is anticipated to hold the largest share of the global hypochlorous acid market over the predicted timeframe. North America market due to its tight regulations, consumers' inclination for cleanliness and hygiene, and the expanding usage of contemporary disinfection technology. It is also expected that regulations about the use of sanitizers in various industries will drive market growth in the region. To eradicate germs and other bacteria, especially on surfaces that come into touch with food, the U.S. Food and Drug Administration has implemented a law that restricts the use of strong sanitizers in the food industry.

 

Asia Pacific is expected to grow at the fastest pace in the global hypochlorous acid market during the forecast period. The effect of rising hypochlorous acid demand in developing nations like China and India. Growing demand from the water treatment industries is one of the main drivers of the Asia Pacific hypochlorous acid market's expansion. In addition, it is projected that the introduction of innovative HOCl-specific disinfectants and sanitizers will drive regional market expansion.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global hypochlorous acid market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • BASF
  • Lenntech B.V.
  • Chemtex Speciality Limited (India)
  • Arkema S.A.
  • Nouryon
  • Sonoma Pharmaceuticals, Inc
  • Lonza.
  • Kuehne Company
  • Aditya Birla Chemicals
  • Surpass Chemical Company
  • Ultrapure HOCL
  • AGC Chemicals
  • Tosoh Corporation
  • Oxyfresh Corporation
  • Others 

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In January 2024, In the US, Sonoma Pharmaceuticals, Inc. launched Lumacyn Clarifying Mist as a direct over-the-counter product. Using Sonoma's exclusive stabilized hypochlorous acid, which has anti-inflammatory and antibacterial qualities, the Lumacyn Clarifying Mist is a spray that relieves irritated skin.

 

  • In January 2023, HyPure, BASF's new hypochlorous acid product, was launched. HyPure is a stabilized solution of hypochlorous acid intended for use in disinfection and water treatment applications.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global hypochlorous acid market based on the below-mentioned segments: 

 

Global Hypochlorous Acid Market, By Product Type

  • Sodium Hypochlorite
  • Calcium Hypochlorite
  • Others

 

Global Hypochlorous Acid Market, By Application

  • Disinfectant
  • Sanitizing Agent
  • Others

 

Global Hypochlorous Acid Market, By End User

  • Medical
  • Personal Care
  • Food & Beverages
  • Others

 

Global Hypochlorous Acid Market, By Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1.Which are the key companies that are currently operating within the market?
    BASF, Lenntech B.V., Chemtex Speciality Limited, Arkema S.A., Nouryon, Sonoma Pharmaceuticals, Inc, Lonza, Kuehne Company, Aditya Birla Chemicals, Surpass Chemical Company, Ultrapure HOCL, AGC Chemicals, Tosoh Corporation, Oxyfresh Corporation, and Others.
  • 2.What is the size of the global hypochlorous acid market?
    The global hypochlorous acid market is expected to grow from USD 5.29 Billion in 2023 to USD 7.81 Billion by 2033, at a CAGR of 3.97% during the forecast period 2023-2033.
  • 3.Which region is holding the largest share of the market?
    North America is anticipated to hold the largest share of the global hypochlorous acid market over the predicted timeframe.

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