The Calcium Hypochlorite Market is being driven by Increase in demand and need for freshwater
The Calcium Hypochlorite Market is expected to grow at a CAGR of 11.73% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 490.42 million. In today's business environment, the significance of maintaining optimal sanitation standards has gained immense importance across various industries, including healthcare, food processing, and water treatment. Calcium hypochlorite, a widely used calcium-based disinfectant, plays a crucial role in addressing sanitation concerns and reducing the transmission of communicable diseases. Hospitals and healthcare facilities worldwide rely on calcium hypochlorite for sterilizing medical equipment, purifying water supplies, and ensuring public health. The COVID-19 pandemic further underscored the importance of rigorous sanitation measures, leading to a surge in demand for calcium hypochlorite and other disinfectant products.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Technique (Calcium process, Sodium process) Type (Powder, Granular, Pellets) Geography (APAC, North America, Europe, Middle East and Africa, South America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Calcium Hypochlorite Market Research Report
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Calcium Hypochlorite is an inorganic compound widely used in various industries for disinfecting and purifying water, as well as in household cleaning. It finds applications in detergent production, house cleaners, food and beverages, pulp and paper, and water treatment. Its primary use is in water sanitation for controlling bacteria and viruses that cause waterborne diseases. Calcium Hypochlorite is also used in industrial cleaning agents, drinking water quality improvement, and disinfectant technologies. It is essential for water sanitation in public pools, agricultural production, and agricultural activities. As a powerful antiseptic, it is used to maintain drinking water and fresh water quality, and is also used as a bleaching powder.
In the realm of the global chemicals market, the commodity chemicals sector, as identified by Technavio, represents a significant segment. This sector encompasses businesses primarily engaged in the production of industrial and basic chemicals, such as plastics, synthetic fibers, films, commodity-paints and pigments, explosives, and petrochemicals. Notably, this market excludes companies specializing in diversified chemicals, fertilizers, agricultural chemicals, industrial gases, and specialty chemicals. Key drivers propelling the expansion of the commodity chemicals market include the burgeoning demand for plastic packaging, a crucial component in the global packaging industry, and the essential roles of calcium hypochlorite in water treatment, disinfecting, and purifying applications across various sectors, including detergents, house cleaners, food and beverages, pulp and paper, and bacteria and virus elimination.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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