Opportunities in the Global Hypochlorous Acid Market: Insights into Growth, Trends & Forecast
According to a research report published by Spherical Insights & Consulting, the Global Hypochlorous Acid Market Size is Expected to Grow from USD 5.29 Billion in 2023 to USD 7.81 Billion by 2033, Growing at a CAGR of 3.97 % during the forecast period 2023-2033.
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Hypochlorous acid (HOCl) is a weak acid that is formed when chlorine dissolves in water. It has antibacterial qualities, which make it a common disinfectant. Many microorganisms, such as bacteria, viruses, and fungi, can be effectively combatted with hypochlorous acid. It breaks down the infections’ cell walls and messes with their metabolism, which kills them. Growing public awareness, a growing need for clean water, and an increase in industrial effluent output have all contributed to a significant demand for hypochlorous acid. These are some of the factors propelling the growth of the water treatment industry. Equipment and surfaces can be safely and effectively disinfected with hypochlorous acid. Furthermore, the rising prevalence of wound disorders such as diabetic foot ulcers is expected to positively affect market expansion. Hypochlorous acid’s antibacterial and anti-inflammatory qualities make it a valuable component for therapeutic applications, making the medical industry another major player in the market. The need for hypochlorous acid in emerging economies will be driven by the expanding number of individuals with chronic wounds, the growing need for safe and healthy food, and the growing requirement for water treatment. However, hypochlorous acid chloride is not frequently used in several industries due to its relatively expensive cost of production. It is crucial to handle and store hypochlorous acid chloride carefully because it has a short shelf life and is potentially unstable.
Browse key industry insights spread across 240 pages with 120 Market data tables and figures & charts from the report on the Global Hypochlorous Acid Market Size, Share, and COVID-19 Impact Analysis By Product Type (Sodium Hypochlorite, Calcium Hypochlorite, and Others), By Application (Sanitizing Agent, Disinfectant, 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.
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The sodium hypochlorite segment is predicted to hold the largest market share through the forecast period. Based on the product type, the hypochlorous acid market is classified into sodium hypochlorite, calcium hypochlorite, and others. Among these, the sodium hypochlorite segment is predicted to hold the largest market share through the forecast period. Sodium hypochlorite is widely used in the laundry and water treatment industries due to its exceptional bleaching properties. In addition to its oxidizing and disinfecting properties, sodium hypochlorite is also utilized. As concerns about the prevalence of infectious diseases have increased, so too has the need for sodium hypochlorite as a bleaching agent and home disinfectant.
The disinfectant segment is anticipated to hold the highest market share during the projected timeframe.
Based on the application, the hypochlorous acid market is divided into sanitizing agents, disinfectants, and others. Among these, the disinfectant segment is anticipated to hold the highest market share during the projected timeframe. Hypochlorous acid was used to disinfect drinking water in swimming pools, drinking water treatment plants, and wastewater treatment facilities. Through getting rid of bacteria, viruses, and algae, it ensures clean and safe water. Hypochlorous acid is utilized in healthcare settings to cleanse surfaces and clean wounds because of its antibacterial properties. In clinics, hospitals, and dentist offices, it is safe to use.
The medical segment is estimated to grow at the fastest CAGR growth through the projected period.
Based on the end-user, the hypochlorous acid market is categorized into medical, personal care, food & beverages, and others. Among these, the medical segment is estimated to grow at the fastest CAGR growth through the projected period. Hypochlorous acid has several significant uses in medicine because of its remarkable antibacterial properties and safety for human use. It is used in dermatology to treat skin conditions such as acne and dermatitis. It can reduce swelling and soothe irritated skin.
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North America is estimated to hold the largest share of the hypochlorous acid market over the forecast period.
North America is estimated to hold the largest share of the hypochlorous acid market over the forecast period. Owing to the strict regulations, the high demand for hygiene from consumers, and the growing use of sophisticated disinfection technology. Regulations controlling the use of sanitizers in different industries are anticipated to promote regional market expansion. Strict regulations are enforced by the U.S. Food and Drug Administration on strong sanitizers used in the food industry to fight bacteria and germs on surfaces that come into touch with food. North American market growth is anticipated to be driven by these factors over the forecast period. Customers’ growing health and hygiene consciousness is fueling the demand for efficient disinfectants such as hypochlorous acid, which is driving the market for hypochlorous acid in the United States. In industries such as healthcare, food manufacturing, and hospitality, this trend is especially noticeable.
Asia Pacific is predicted to have the highest CAGR growth in the hypochlorous acid market over the forecast period. Driven by growing demand for disinfectants across a range of end-use industries, growing attention to sanitation and hygiene, and growing healthcare infrastructure. Investments in healthcare facilities are rising in nations such as China, Japan, South Korea, and India. Adoption of the product is also being aided by continuous efforts to prevent infectious diseases and the strict laws governing cleanliness and hygiene standards. Asia Pacific is expected to experience strong growth in the upcoming years due to growing knowledge of the advantages of hypochlorous acid and its variety of uses.
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. Major key players in the hypochlorous acid market include Sonoma Pharmaceuticals, Inc., Lenntech B.V., Chemtex Speciality Limited (India), Arkema S.A., Nouryon, Lonza., Kuehne Company, Surpass Chemical Company, Aditya Birla Chemicals, Ultrapure HOCL, AGC Chemicals, Tosoh Corporation, BASF, Oxyfresh Corporation, and Others
Recent Developments
- In January 2024, Sonoma Pharmaceuticals, Inc. introduced Lumacyn Clarifying Mist as a direct over-the-counter medicine in the United States. Lumacyn Clarifying Mist is a moisturizing spray that uses Sonoma’s unique stabilized hypochlorous acid, which has antibacterial and anti-inflammatory properties.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the 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
- Sanitizing Agent
- Disinfectant
- 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
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