The food-grade sodium hypochlorite market is estimated to secure a valuation of US$ 5.1 Billion in 2023 and is estimated to rise to US$ 9.4 Billion by 2033. The market is anticipated at a CAGR of 6.3% during the forecast period. the factor accelerating the demand for food-grade sodium hypochlorite are as follows-
Sodium hypochlorite is produced by combining chlorine gas with caustic soda and is a highly effective bleaching agent, oxidant, sterilizer, germicide, and disinfectant. It is highly active, volatile, polymer greenish yellow and highly used as a disinfectant in households. The food grade sodium hypochlorite is mainly available in liquid as well as powdered form.
The increasing application of food-grade sodium hypochlorite in wastewater treatment as well as in household application is the main factor driving the market growth. The food grade sodium hypochlorite has applications in the food and beverage industry for equipment cleaning and disinfecting.
The increasing demand for surface disinfectants, cleaning products, and detergents due to growing awareness about the importance of using high-quality cleaning agents to maintain hygiene and cleanliness are likely to drive the growth of the food-grade sodium hypochlorite market during the forecast period.
Regionally, North America is expected to be highly lucrative for the food-grade grade sodium hypochlorite market due to increased application as a chlorinating agent and biocide in wastewater management.
Asia Pacific accounts for the highest share of food-grade sodium hypochlorite during the forecast period the growth of the market in the region is attributed to the increased use of hygienic and disinfectant products, also increasing disposable income, and rising spending power. The growing industrialization in countries like India and China, and the continuously growing need for wastewater treatment are also contributing to regional growth.
Some of the leading players operating in food grade sodium hypochlorite market are AGC group, sunbelt chemical corporation, Orica water care and shanghai polymer commodities, Odyssey manufacturing co., Solvay chemicals, Akzo Nobel N.V., BASF SE, Olin Corporation, and Arkema Inc among many others.
The food-grade sodium hypochlorite market is fragmented in nature with the presence of well-established players and several small and medium players. To increase their market share the market players are adopting various strategies like mergers, acquisitions, partnerships, and new product launches. Also, the players are concentrating on using advanced technology and enhancing operational efficiency.
For instance, in March 2021- Solvay’s ready-to-use Actizone 5 is verified for 24-hour virus protection on a variety of commonly used surfaces and was scientifically proven to deliver long-lasting protection from viruses.
In the coming years, the food-grade sodium hypochlorite market is expected to witness heightened competition as more players are entering the market and existing ones are expanding their product offerings. the market players are developing new innovative products to cater to the increasing demand. Also, the market players have increased research and development to enhance the quality and efficiency of the product.
| Data Point | Key statistics |
|---|---|
| Expected Market value in 2023 | US$ 5.1 Billion |
| Projected Market Value in 2033 | US$ 9.4 Billion |
| Growth Rate (2023 to 2033) | CAGR of 6.3% |
Sodium hypochlorite is used in nontoxic food preparation and production. Food grade sodium hypochlorite solutions sterilize food organizing machinery, food preparation surfaces, appliances and vessels of all types involved in preparing, manufacturing and transporting the foods. It is used to destroy germs that are associated with raw foods.
Inorganic salt of hypochlorite is known as sodium hypochlorite. It is man-made commercially in the presence of active electrodes by charging chlorine gas into dilute sodium hydroxide (NaOH) solution and the process is called Hooker process.
It is a highly corrosive, clear and unstable liquid with a pungent odor. The sodium hypochlorite market is estimated to increase suggestively due to swift growth in end-user productions such as water treatment, and agriculture.
Asia Pacific food grade sodium hypochlorite market is anticipated to grow significantly, as the industries in the Asia Pacific region are amongst the major contributors to the GDP of the region. Food grade sodium hypochlorite market demand is projected to add fuel to the global demand for domestic use as well as for municipal water treatment use.
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Sodium hypochlorite is also used as a sterilizer in cleaner formulations, especially in equipment for food processing and restaurants. Sodium hypochlorite is basically used as a chlorinating agent and biocide in municipal water treatment plants.
The food grade sodium hypochlorite market is driven by its demand in water treatment applications and surface cleaner formulations. However, ambiguity and hazardous nature of food grade sodium hypochlorite due to its solid reacting properties might impede the market growth.
Some of the market players include
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In terms of geography, North America is a major consumer for food grade sodium hypochlorite especially in the waste water treatment applications. Asia Pacific is the leading customer of food grade sodium hypochlorite riding on high sales of household bleaching products to its large population.
Key industrial economies including India, Japan, South Korea and China are the key consumers of food grade sodium hypochlorite for application in waste water treatment, and as a sterilizer in equipment of food processing. The most populated countries, India and China are growing rapidly and witnessing increasing disposable income and purchase power parity of the general population.
This is expected to fuel market growth of household products including use in water treatment, which in turn is expected to fuel demand for food grade sodium hypochlorite in the region. In Rest of the World, South Africa, Brazil and Argentina contribute to major demand for the market. Europe is expected to witness comparatively slower growth than other regions due to its stringent regulations.
The food grade sodium hypochlorite market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and information for every facet of the food grade sodium hypochlorite market, including but not limited to: regional markets, end use, nature, and function.
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The food grade sodium hypochlorite market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the food grade sodium hypochlorite market report projects the attractiveness of each major segment over the forecast period.
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Food Grade Sodium Hypochlorite Market
