NEW YORK, Dec. 29, 2021 /PRNewswire/ -- 47% of the growth will originate from APAC for the hypochlorous acid market. China, Japan, and India are the key markets for hypochlorous acid in APAC. Market growth in this region will be faster than the growth of the market in other regions. The rising number of commercial end-users in APAC is fueling the demand for surface disinfectants. This will facilitate the hypochlorous acid market growth in APAC over the forecast period. The hypochlorous acid market size is expected to increase by USD 19.02 million from 2020 to 2025, registering a CAGR of 1.09%, according to the latest research report from Technavio.

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The hypochlorous acid market covers the following areas:

• Hypochlorous Acid Market Sizing
• Hypochlorous Acid Market Forecast
• Hypochlorous Acid Market Analysis

Hypochlorous Acid Market - Driver & Challenge

The key factor driving growth in the hypochlorous acid market is the growing demand for water treatment. Hypochlorous acid is used in the water treatment industry due to the convenience of storage, transport, and use; cost-effectiveness; and non-toxicity to humans and animals. Due to these factors, there is a high demand for hypochlorous acid from the water treatment industry, which is catering to the growth of the global market. Rising awareness among people, growing demand for clean water, and increase in production of industrial wastewater have led to high demand for hypochlorous acid. 

However, the toxic effects of hypochlorous acid will be a major challenge for the hypochlorous acid market during the forecast period. Hypochlorous acid has oxidative properties that can cause injury to the skin and tissues on high exposure resulting in inflammation, asthma, and respiratory damage in humans. Moreover, when hypochlorous acid is mixed with other household cleaners, it releases toxic gases. Hypochlorous acid is a dangerous and corrosive substance. When the acid is exposed to air, it disintegrates.

Hypochlorous Acid Market - Segmentation & Revenue Generating Segment

The hypochlorous acid market analysis includes segmentation by product (sodium hypochlorite, calcium hypochlorite, and others), application (water treatment, cleansing products, disinfectants, food and agriculture, and others), and geography (North America, APAC, Europe, South America, and MEA).

The hypochlorous acid market share growth by the sodium hypochlorite segment will be significant for revenue generation. The global sodium hypochlorite market is growing significantly. An increase in demand for disinfectants and anti-microbials is driving the market. The growth is mainly affected by consumer concern over foodborne pathogens and outbreaks of influenza. Highly publicized outbreaks have generally been the result of lapses in proper sanitation techniques in food and beverage processing. These factors are generating demand for sodium hypochlorite, which, in turn, will drive the global hypochlorous acid market growth.

Companies Mentioned
The hypochlorous acid market is fragmented and the vendors are deploying growth strategies such as focusing on distinguishing their product offerings through clear and unique value propositions to compete in the market.

• Aditya Birla Group
• AGC Chemicals Pvt. Ltd.
• BASF SE
• INEOS Group Holdings SA
• Kuehne Chemical Company Inc.
• Lenntech BV
• Occidental Petroleum Corp.
• Olin Corp.
• The Clorox Co.
• Ultrapure HOCL Pty Ltd

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SOURCE Technavio