Market Overview of Sodium Hypochlorite (Bleach Liquor)
Sodium hypochlorite (NaOCl) is a solution that is made from reacting chlorine with a sodium hydroxide solution. These two reactants are the major co-products from the most chlor-alkali cells. Sodium hypochlorite majorly known as bleach has a variety of uses and is an excellent disinfectant/antimicrobial agent. Sodium Hypochlorite is a compound that can be effectively used for water purification.
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Why Do Venture Into the Business of Sodium Hypochlorite
· It is being used on a large scale majorly for surface purification, chemical industries, paint- and lime industries, food industries, glass industries, paper industries, pharmaceutical industries, synthetics industries, and waste disposal industries. In the industry of textile, sodium hypochlorite is used to bleach textile. It is sometimes added to industrial wastewater. This is done to remove odors. Hypochlorite neutralizes Sulphur hydrogen gas and ammonia. It is also used to detoxify cyanide baths in metal industries. Hypochlorite is used to prevent algae and shellfish growth in cooling towers. In water treatment, hypochlorite is used to disinfect water. In the household, hypochlorite is used frequently for the purification and disinfection of the house. Sodium hypochlorite can easily and be stored and transported when it is produced on-site.
· Sodium hypochlorite, majorly called liquid bleach, is traditionally a household chemical, it is typically used as a bleaching agent or disinfectant across the globe. When put in solution form, the compound can easily decompose, thereby liberating chlorine, and is hence broadly uses as a disinfectant and bleaching agent. The product finds the majority of its application as a bleaching agent across an array of industries, including pulp and paper, detergent, and textiles.
· Moreover, due to the recent COVID-19 global pandemic, one of the major sectors that reflected immense sales globally was the sanitizer industry. The impact of the virus spread led to the direct realization of the essence of personal hygiene, which led to the usage of hand sanitizers and other disinfectant products. Sodium hypochlorite is one of the key feedstock consumed these hygiene and disinfectant products by companies globally.
Sodium Hypochlorite Market Overview
Globally, the market of sodium hypochlorite was valued at USD 207.0 million in the year 2019 and is anticipated to grow at a compound annual growth rate of 4.9 % from 2020 to 22027. Increasing demand for the product from water treatment chemical manufacturing companies as well as from sanitizer producers worldwide is projected to remain key factors for the market growth.
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Additionally, according to the ministry of health and family welfare of multiple Asian nations, office spaces, residential complexes, public toilets, and outdoor areas are needed to be highly disinfected using products with specified concentrations of sodium hypochlorite. For the formulation of 1 % sodium hypochlorite liquid bleach, available chlorine is 3.5%, whereas, for sodium hypochlorite liquid, 5 % chlorine is available. Chlorine is one of the most important components of the disinfectant industry due to its ability to kill pathogens that includes virus and several bacteria. This is expected to drive demand for the product in disinfectant applications over the foreseeable future.
Talking about volume, the cleaning and disinfection application segment dominated the market with a share of 59.0 % in the year 2019. This is attributed to the widespread demand for sodium hypochlorite in the formulation of household products, swimming pool sanitizing products, and water treatment products. The application of sodium hypochlorite in the formulation of water treatment chemicals has been dominating across the globe for decades.
Related Project:- Sodium Hypochlorite (Bleach Liquor)
Conclusion
The project report by NPCS “Sodium Hypochlorite (bleach Liquor) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities” has the scope of assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning, etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet, etc.
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