(MENAFN- Straits Research) The global Hypochlorous Acid market is projected to experience steady growth in the coming years, as demand for safe and effective disinfectants continues to surge in the wake of the COVID-19 pandemic. Hypochlorous Acid is a powerful and safe disinfectant that's highly effective against a wide range of pathogens, including bacteria, viruses, and fungi. It's been shown to be highly effective against the COVID-19 virus, making it an essential tool in the fight against the pandemic.
In 2018, the global market for hypochlorous acid size was worth USD 7714.2 million. By 2026, it is estimated to be worth USD 10557.42 million , which would mean a CAGR of 4.0% from 2019 to 2026.
Market Drivers of the Hypochlorous Acid market:
One of the key factors driving the growth of the hypochlorous acid market is the increasing awareness of the importance of hygiene and sanitation in preventing the spread of disease. The COVID-19 pandemic has highlighted the critical role that disinfectants play in keeping our communities safe and healthy, and has spurred demand for safe and effective disinfectants that can be used in a wide range of applications.
Another factor driving the growth of the Hypochlorous Acid market is the increasing availability and affordability of Hypochlorous Acid products. Advances in science and technology have made it possible to produce Hypochlorous Acid on a large scale and ensure its stability, making it easier and more cost-effective for companies to incorporate this powerful disinfectant into their operations.
Segmental Analysis of the Hypochlorous Acid market
The Hypochlorous Acid market is segmented by type, application, and geography. By type, the market is segmented into sodium hypochlorite, calcium hypochlorite, and others. Sodium hypochlorite is the most commonly used type of Hypochlorous Acid, and is used in a wide range of applications, including water treatment, food processing, and healthcare. By application, the market is segmented into water treatment, food and beverage, healthcare, agriculture , and others.
Regional Analysis of the Hypochlorous Acid market:
Geographically, the Hypochlorous Acid market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America is expected to dominate the market during the forecast period, owing to the high demand for Hypochlorous Acid products in the healthcare, food processing, and water treatment industries. However, the Asia-Pacific region is expected to experience the highest growth rate during the forecast period, owing to the increasing demand for safe and effective disinfectants in countries such as China, Japan, and India.
Some of the key players in the Hypochlorous Acid market Arkema S.A Olin Corporation Occidental Petroleum Corporation Nouryon Industria Química del Istmo BASF SE Kuehne Company Lonza Surpass Chemical Company Inc. INEOS. Region Covered: By Region North America Europe Germany France U.K. Italy Spain Rest of Europe
Asia Pacific Japan India China South Korea Australia Rest of Asia Pacific
Latin America Brazil Argentina Colombia Rest of Latin America
MEA Saudi Arabia South Africa Kuwait Rest of MEA
Overall, the Hypochlorous Acid market is poised for steady growth in the coming years, as demand for safe and effective disinfectants continues to surge. With its powerful disinfecting properties and wide range of applications, Hypochlorous Acid is a key tool in the fight against germs and viruses, and is expected to play an increasingly important role in a wide range of industries and applications in the coming years.