The "Calcium Hypochlorite Market" (2022-2029) researcher provides a thorough picture of the market through the analysis of important parameters such as profit, price, competition, and promotions, as well as the investigation, synthesis, and summarization of data from different sources.
Covid-19 Impact & Market Status
The pandemic of the new coronavirus has had a favourable impact on the global calcium hypochlorite market. Because there are no specific vaccines available to combat the virus during the pandemic, the best option for people to keep safe is to practise good hygiene and sanitation. As a result, global demand for calcium hypochlorite has increased considerably. The usage of calcium hypochlorite solutions to disinfect various public venues, such as highways and hospital premises, has fuelled the worldwide calcium hypochlorite market's quick rise. China is a major producer of calcium hypochlorite on the global market. As a result, China's complete shutdown during the pandemic has had an effect on the global market.
The powder segment is accounted for the highest market share
The end-use categories of the global Calcium Hypochlorite market include power plants, pharmaceutical companies, automotive assembly plants, mines, and others. The powder form industry generated over 14% of total revenue in 2021, and it is anticipated that this dominance would persist for the duration of the projected period. This high share is ascribed to the expanding use of powder form due to its texture in several end-user applications. It is a calcium chloride and lime combination that is offered for sale as bleach or chlorine powder. It is frequently utilised in water treatment applications and as a bleaching agent. Additionally, it is a component of bleaching powder that is used to whiten cotton and linen.
The water treatment segment is accounted for the highest market share
The application for water treatment held the biggest revenue share in 2021, and it is anticipated that it will continue to hold this position throughout the projection period. This high percentage is linked to increasing product usage in water treatment facilities, particularly during the global outbreak of the COVID-19 pandemic. With the aid of its oxidising characteristics, it is frequently used in laundry to remove stains from fabrics. As a result of its capacity to eliminate hazardous microorganisms, it is also utilised as an active component in insecticides.
Water treatment agents and bleach are in high demand in industries like textiles, food and beverage, and construction.
It's the main active ingredient in water treatment and bleaching products such as chlorine powder, commercial bleaching powder, and chlorinated lime. Compared to sodium hypochlorite, this substance is more stable and has more chlorine accessible (liquid bleach). It is a white solid that in commercial samples appears yellow. Due to the slow decomposition of chlorine in moist air, it produces a characteristic chlorine smell. Over the projection period, the market for calcium hypochlorite is expected to expand at a CAGR of 3.5 percent, reaching USD 1.2 billion by 2029.
The increased need for freshwater in the region's key agriculture sector is also contributing to the rising demand for freshwater. The use of calcium hypochlorite in the region will increase as a result of the treatment of the used water. Total crop production in the region is expected to expand by 1.8 percent each year until 2029, according to the Agricultural Outlook. Improved yields, which are predicted to improve by 11% on average across the region over the next decade, will account for over 60% of the increase, with the cereals and oilseeds sectors seeing the biggest gains.
The strict requirements, however several governments have imposed strict regulations on the usage of calcium hypochlorite since it is harmful to human health, which would limit the growth of the Calcium Hypochlorite market over the forecast period.
Key companies are spending in R&D, releasing new products, and growing distribution networks to differentiate themselves as strong market competitors. The global calcium hypochlorite market is fragmented, with several multinational and regional players. Among the primary participants are Lonza, NIPPON SODA, Tosoh, Westlake Chemical, and China Petroleum & Chemical. Other prominent players in the market are Sree Rayalaseema Hi-Strength Hypo Limited, Tianjin Kaifeng Chemical Co.Ltd, Organic Industries Private Limited, Grasim Industries Limited, and Solvay SA.
Major Developments and Innovation in Calcium Hypochlorite Market: A Snapshot
- In March 2019, Grasim Industries agreed to a formal arrangement to acquire from its current sponsors a 100% value stake in Soktas India Private Limited (SIPL) in exchange for a project worth INR 165 crores.
- In order to provide locals with clean drinking water, Grasim built a reverse osmosis (RO) facility in Parmarkedhi town, Nagda MP, in February 2020. The reverse osmosis (RO) system that can process 1500 litres of flavorful water in 60 minutes costs around INR 2 million.
Calcium Hypochlorite Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 1.2 billion|
|Growth Rate||CAGR of 3.5 % during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Lonza, NIPPON SODA, Tosoh, Westlake Chemical, and China Petroleum & Chemical. Other prominent players in the market are Sree Rayalaseema Hi-Strength Hypo Limited, Tianjin Kaifeng Chemical Co.Ltd, Organic Industries Private Limited, Grasim Industries Limited, and Solvay SA.|
Key Segments of the Calcium Hypochlorite Market
Type Overview, 2022-2029 (USD Billion)
Application Overview, 2022-2029 (USD Billion)
- Water Treatment
- Pulp & Paper
- Food & Beverages
- House Cleaners
Regional Overview, 2022-2029 (USD Million)
- North America
- Rest of Europe
- Kingdom of Saudi Arabia (KSA)
- South Africa
- United Arab Emirates (UAE)
- Rest of MEA
- Australia and New Zealand (ANZ)
- Rest of APAC
- South America
- Rest of South America