The global hypochlorous acid market size is anticipated to showcase considerable growth in the foreseeable future due to the increasing demand from the disinfectant sector. This information is published by Fortune Business Insights in its report, titled “Hypochlorous Acid Market, 2022-2029“. It is a major inorganic bacteria-killing compound that is effective against a wide range of microorganisms. Even the derivatives of the compound are commonly utilized, which makes it a no waste compound. The high portability and efficiency of the product garner substantial demand for the product. For instance, since 2019, the coronavirus pandemic has resulted in high demand for the product to manufacture sanitizers, disinfectants, and others. 

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Market Segmentation

By application, the market is segmented into hypochlorite manufacturing, sanitizing agent, disinfectants, and other. On the basis of end-user, the market for hypochlorous acid is classified into personal care, wound management, food and agriculture, oil and gas, water treatment, and others. Based on geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

What Does the Report Contain?

The insights in the report are based on primary and secondary research to come to authentic conclusions. The analysis is based on industry-wide data, and our in-house experts estimate market projections. The data is classified on various bases, and each segment is meticulously studied to give strategies based on the market for hypochlorous acid dynamics. The indispensable guidance provided by our experts is beneficial for the new entrants to the market. The guidance includes business priorities, pricing, prominent business models, challenges, potential business expansion opportunities, and much more. This report is beneficial not only for the new entrants or business holders of the market but also for the investors in this product.

Driving Factor

Increasing Consumption by Healthcare Sector to Propel Market Growth

The increasing need for acid in the healthcare and pharmaceutical sectors propels the global hypochlorous acid market growth. The global demand for this type of acid is substantially due to the increasing need for healing wounds and disinfecting. It is known for removing the wound-based biofilms that possess the risk of blood toxicity. These crucial factors are enabling the steady growth of the product in the market.

Additionally, the rising incidence of wound diseases such as diabetic foot ulcers is predicted to favor the market growth. The infliction of such diseases requires constant management of wounds such as ulcers in a sanitized and disinfected manner to control the spread of infection.

Regional Insights

North America to Remain Dominant; Increasing Utilization in Cosmetics Sector to Generate High Revenue

North America is anticipated to lead the hypochlorous acid market share in the forthcoming years. This is due to the increased application of the product as a cleaning agent in various lotions and creams. Moreover, the antiviral and antimicrobial nature of the product is intensively utilized for healing skin damage and promoting epithelial recovery.

Asia Pacific is predicted to hold a substantial market share in the foreseeable future. This is due to the wide adoption of the product for water treatment. Also, the increased demand for oxidizing and sanitizing agents for water treatment is driving the growth in the region.

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Competitive Landscape

Market Leaders Focus on Strategic Product Launches to Intensify Market Competition

The fragmented structure of companies in the market for hypochlorous acid results in only a few prominent players. These players are focused on business expansion at the regional and global levels. Some of them are investing in advancements in production technology to increase the production efficiency of the compound. Product launches, expansion, acquisition, partnership, technological advancement, and others are the market’s key trends. The growing demand from end-use industries for more of the compound is an excellent opportunity for companies to consolidate their positions in this industry.

List of Key Players Profiled in the Market:

  • BASF
  • Lenntech B.V.
  • Arkema S.A.
  • Nouryon
  • Kuehne Company
  • Tosoh Corporation
  • Aditya Birla Chemicals
  • Surpass Chemical Company
  • Ultrapure HOCL
  • AGC Chemicals

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