According to a new market report published by Lucintel, the future of the sodium hypochlorite market looks promising with opportunities in water treatment, agriculture, chemical, paint, and others. The global sodium hypochlorite market is expected to grow with a CAGR of 4% from 2020 to 2025. The major drivers for this market are rise in industrial wastewater, and growing water contamination.
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In this market, direct channel and distribution channel are the major sales channels. Lucintel forecasts that direct channel will remain the largest segment over the forecast period ifI owing to the presence of chain of distributors with effective sales management. Growing awareness regarding benefits of sodium hypochlorite is a major contributor to the segment’s growth.
Within this market, water treatment, agriculture, chemical, paint, and others are the major applications of sodium hypochlorite. Water treatment will remain the largest segment by application type over the forecast period due to increase in the growing demand for applications of sodium hypochlorite. The cosmetic demand for sodium hypochlorite is growing and accounts for a significant portion of the market share.
Asia-Pacific is expected to witness the highest growth over the forecast period due to the presence of end use industries in water treatment. The growing significance for hygiene setting due to infrastructural developments is one of the major contributors to the growth of regional market. Additionally, the regional market is also influenced by rise in population and agricultural production.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global sodium hypochlorite market by product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Sodium Hypochlorite Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global sodium hypochlorite market by sales channel, application, and region as follows:
By Sales Channel [Value ($ Million) shipment analysis for 2014 – 2025]:
Direct Channel
Distribution Channel
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Water treatment
Agriculture
Chemicals
Paint
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
Germany
United Kingdom
France
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.