Global Hypochlorous Acid Market – Rising Demand for Water Treatment to Drive Growth | Technavio

LONDON–(BUSINESS WIRE)–#Research—Technavio
market research analysts forecast the global
hypochlorous acid market to grow at a CAGR of more than 1%
during the period 2018-2022, according to their latest report.

This market research report segments the global hypochlorous acid market
into the following products (sodium hypochlorite and calcium
hypochlorite), applications (water treatment, cleansing products,
disinfectants, and food and agriculture), and key regions (the Americas,
APAC, and EMEA). It provides an in-depth analysis of the prominent
factors influencing the market, including drivers, opportunities,
trends, and industry-specific challenges.

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In this report, Technavio analysts highlight the growing demand for
water treatment as a key factor contributing to the growth of the global
hypochlorous acid market:

Growing demand for water treatment

Hypochlorous
acid is used for wastewater treatment. It is used as an
oxidizing and a disinfectant agent. It is preferred in the water
treatment industry because of the convenience of storage, transport, and
use. Apart from this, cost-effectiveness and non-toxicity to humans and
animals are factors that contribute to its increased use. Furthermore,
it is an effective microbicide, particularly against waterborne
pathogens. Owing to these factors, there is a high demand for
hypochlorous acid from the water treatment industry. This is catering to
the growth of the global market.

Hypochlorous acid is mainly used as a biocide because of its
anti-microbial properties and as a chlorinating agent. It assists in
treating cyanide contamination of industrial water. The increasing
awareness among people, growing demand for clean water, and increase in
production of industrial wastewater have led to high demand for
hypochlorous acid.

According to a senior analyst at Technavio for specialty
chemicals, “The global water treatment market is growing
substantially. Growing water scarcity, gradual drop in the amount of
clean drinking water, and increase in industrial activities have led to
water contamination. These are the factors driving the growth of the
water treatment market.”

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Global hypochlorous acid market segmentation

Of the three major products, the sodium hypochlorite segment held the
largest market share in 2017, accounting for more than 82% of the
market. This segment is anticipated to witness steady growth during the
forecast period.

The Americas held the largest share of the global market in 2017,
accounting for approximately 44% of the market share. This was because
of the presence of major vendors in the region. The US was a major
contributing market in the region. This is due to the large consumption
of hypochlorous
acid in applications such as water treatment, cleansing
products, and disinfectants.

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