The Sodium Hypochlorite Market is expected to grow at > 5.3% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Sodium Hypochlorite Market
Sodium Hypochlorite Market is likely to witness an impressive CAGR of 5.3% during the forecast period. The increase in consumption of sanitization products and the growing water treatment chemical market are the key factors fueling the growth of the market during the forecast period.
Asia-Pacific is estimated to be the leading region in the market during the forecast period owing to the increasing consumer awareness regarding health and hygiene and growing demand for wastewater treatment in the region. India, China, Japan, and South Korea are the major contributors in fueling the growth of the regional market. North America and Europe are also expected to offer substantial growth opportunities over the forecast period.
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Market Scope & Market Segmentation
Sodium Hypochlorite Market Share: By Function Type
Based on the function type, the market is segmented as oxidizing, bleaching, odor removal, disinfection, and others. The disinfection segment is estimated to account for the major share of the market during the forecast period. Factors such as the growing surface disinfectant market, rising need for enhanced healthcare services, and increasing spending power of consumers on personal hygiene are further expected to fuel the industry growth during the forecast period.
Sodium Hypochlorite Market Share: By Application Type
Based on the application type, the market is segmented as agriculture, chemical, water treatment, textile, household, and others. Water treatment is estimated to be the largest application type in the market during the forecast period. Many countries are facing the issue of water scarcity due to which governments are taking various initiatives to reuse the wastewater from municipality as well as industry. This factor is also helping to maintain an ecological balance, fueling the overall industry growth during the forecast period.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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