Pune, India, August 2023, MRFR Press Release/Market Research Future has published a Half- Cooked Research Report on the Global Calcium Hypochlorite.Market Research Future (MRFR) has published a cooked research report on the “Global Calcium Hypochlorite Market” that contains information from 2022 to 2032. The Global Calcium Hypochlorite Market is estimated to register a CAGR of 1.67% during the forecast period of 2022 to 2032.
MRFR recognizes the following companies as the key players in the Global Calcium Hypochlorite Market China Petrochemical Corporation, Tosoh Corporation, Lonza Group Ltd, Nippon Soda Co. Ltd, Westlake Chemical Corporation, Aditya Birla Chemicals Limited, Sree Rayalaseema Hi-Strength Hypo Ltd, Tianjin Kaifeng Chemical Co. Ltd, YuzhoushiWeilite Chemical Co. Ltd, Innova Corporate, Nikunj Chemical Limited.
Calcium Hypochlorite Market Highlights
The Global Calcium Hypochlorite Market is accounted to register a CAGR of 1.67% during the forecast period and is estimated to reach USD 5.9 Billion by 2032.
The Calcium Hypochlorite Market refers to the global market for a chemical compound with the formula Ca(ClO)2. Calcium hypochlorite is commonly used as a solid form of chlorine for water treatment and disinfection purposes. It is a white, granular or powdered substance with strong oxidizing properties, making it effective in killing bacteria, viruses, and algae, and in oxidizing organic and inorganic substances present in water. One of the primary drivers of the Calcium Hypochlorite Market is its vital role in ensuring safe and clean water supplies. The compound is extensively used for water disinfection in various applications, such as municipal water treatment plants, swimming pools, industrial water treatment, and wastewater treatment facilities. Calcium hypochlorite effectively eliminates harmful microorganisms and contaminants from water, helping to prevent waterborne diseases and ensuring the safety of drinking water and recreational water sources.
Segment Analysis
The Global Calcium Hypochlorite Market has been segmented based on Type, and Application.
Based on Type, the market is segmented into Powder, Pellet, Granular. the powder category holds the leading position in the market for calcium hypochlorite due to its numerous advantages over other forms. One of its key benefits is its ease of transportation and storage, as it can be readily packed and sealed in drums lined with plastic or rubber. As a result of these advantages, the powder form of calcium hypochlorite is expected to maintain its top position in the market throughout the forecast period.
Based on Application, the Market has been segmented into Water Treatment, House Cleaner and Detergents, Agrochemical, pulp & paper industry, and Food & Beverages. The Water Treatment category emerged as the largest revenue contributor in 2022 and is expected to maintain this leading position throughout the forecast period. The substantial market share in water treatment results from the increasing adoption of calcium hypochlorite in water treatment facilities, where its powerful oxidizing properties effectively disinfect and purify water sources.
Regional Analysis
The Global Calcium Hypochlorite Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Calcium Hypochlorite Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Calcium Hypochlorite Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Calcium Hypochlorite Market comprises of Middle East, Africa, and Latin America.
The Asia-Pacific region is set to dominate the Calcium Hypochlorite market, primarily driven by the increasing demand from various end-use sectors, including water treatment, household cleansers, and agrochemicals. The market's growth in the Asia-Pacific region is further propelled by robust economic growth and a favorable business environment, which have led to significant investments in the construction industry, particularly in countries like China and India.
The North America Calcium Hypochlorite Market is projected to experience the fastest Compound Annual Growth Rate (CAGR) from 2023 to 2032. This growth is driven by the increasing number of homes in North America equipped with swimming pools, which boosts the demand for Calcium Hypochlorite as a key disinfectant for pool water treatment.
In Europe, the Calcium Hypochlorite market holds the second-largest market share, with Western European nations such as Germany, France, the UK, Spain, and Italy dominating the market. The European market is witnessing rapid expansion, mainly due to increased product demand for household and disinfectant applications.
Key Findings of the Study
- The Global Calcium Hypochlorite Market is expected to reach USD 5.9 Billion by 2032, at a CAGR of 1.67% during the forecast period.
- The Indian Calcium Hypochlorite market has emerged as the fastest-growing market within the Asia-Pacific region, indicating a rapid expansion of Calcium Hypochlorite usage and demand in India.
- Based on Application, the Market has been segmented into High Rise Building holding the largest market in 2022.
- China Petrochemical Corporation, Tosoh Corporation, Lonza Group Ltd, Nippon Soda Co. Ltd, Westlake Chemical Corporation, Aditya Birla Chemicals Limited, Sree Rayalaseema Hi-Strength Hypo Ltd, Tianjin Kaifeng Chemical Co. Ltd, YuzhoushiWeilite Chemical Co. Ltd, Innova Corporate, Nikunj Chemical Limited.
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Base Year | 2023 |
Companies Covered | 15 |
Pages | 449 |
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