Calcium hypochlorite is a chemical compound used primarily as a disinfectant and bleaching agent. It is commonly found in household bleach and swimming pool sanitation products. This white, crystalline solid releases chlorine gas when dissolved in water, making it effective for killing bacteria, viruses, and algae.
Sizing and Forecast
The calcium hypochlorite market size has grown strongly in recent years. It will grow from $5.71 billion in 2023 to $6.06 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to the growth of industries and urbanization, the introduction of health regulations, the growth of the bottled water industry, increased international trade, and growing environmental concerns and awareness of water pollution problems.
The calcium hypochlorite market size is expected to see strong growth in the next few years. It will grow to $7.73 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increased demand for clean water, expansion of healthcare facilities, need for clean water in agricultural activities, increased construction of hotels, resorts, and recreational facilities and government initiatives to improve public health. Major trends in the forecast period include development of municipal water systems, advancements in swimming pool technologies, improvements in the production and packaging, ongoing research into waterborne pathogens and innovations in production processes.
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Segmentation & Regional Insights
The calcium hypochlorite market covered in this report is segmented –
1) By Form: Powder, Granular, Pellets
2) By Production Process: Calcium Process, Sodium Process
3) By Application: Detergent, Agrochemicals, House Cleaners, Water Treatment, Pulp And Paper, Food And Beverages, Textile, Pools And Spas, Other Applications
Asia-Pacific was the largest region in the calcium hypochlorite market in 2023. The regions covered in the calcium hypochlorite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand for clean water is expected to propel the growth of the calcium hypochlorite market going forward. Clean water is defined as water that is safe for human consumption and free from harmful contaminants and pathogens. There is a demand for clean water due to several factors, such as population growth, economic development, changing consumption patterns, and declining water resources due to climate change and inefficient use. Calcium hypochlorite is utilized in clean water treatment as a potent disinfectant, effectively eliminating harmful microorganisms and ensuring water safety. For instance, in February 2024, according to the United Nations Educational, Scientific, and Cultural Organization (UNESCO), a France-based specialized agency, there were 2.2 billion people without access to safely managed drinking water until 2022, and the global demand for freshwater has been increasing by just under 1% per year. Additionally, four out of five people lacking at least basic drinking water services in 2022 lived in rural areas. Therefore, the increasing demand for clean water is driving the growth of the calcium hypochlorite market.
Key Industry Players
Major companies operating in the calcium hypochlorite market are China Petroleum and Chemical Corporation, Westlake Chemical Corporation, Olin Corporation, Tosoh Corporation, Lonza Group Ltd, Nippon Soda Company Pvt Ltd, Hawkins Inc., Sigura, Aditya Birla Chemicals Ltd., Barchemicals, American Elements, Innova Corporate, Nankai Chemical Co Ltd, Angel Chemicals Private Limited., Nikunj Chemical Ltd, Organic Industries Pvt Ltd., Tianjin Ruifuxin Chemical Co. Ltd, Henan Yuzhou Weilite Chemical Co. Ltd., Tianjin Kaifeng Chemical Co. Ltd., Axiall Corp.
The calcium hypochlorite market report table of contents includes:
1. Executive Summary
- Calcium Hypochlorite Market Characteristics
- Calcium Hypochlorite Market Trends And Strategies
- Calcium Hypochlorite Market – Macro Economic Scenario
- Global Calcium Hypochlorite Market Size and Growth
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32. Global Calcium Hypochlorite Market Competitive Benchmarking
- Global Calcium Hypochlorite Market Competitive Dashboard
- Key Mergers And Acquisitions In The Calcium Hypochlorite Market
- Calcium Hypochlorite Market Future Outlook and Potential Analysis
- Appendix
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