Sodium Hypochlorite Market Share and Size 2021 New Updates, Trends, Industry Expansion, Showing Impressive Growth by 2028
The global sodium hypochlorite market size is projected to reach USD 385.6 million by 2028. The constant disinfection of malls, public complexes, outer areas, office spaces, and public toilets is expected to affect growth positively. Several companies are also nowadays striving to produce unadulterated and premium-quality products to maintain the hygiene of employees. In March 2021, for instance, QYK Brands LLC received approval from the California Department of Pesticide Regulations (CDPR) for its Dr. J's Surface Disinfectant Wipes. It claims to kill pathogens, such as SARS-CoV-2. Fortune Business Insights™ presented this information in a new study, titled, “Sodium Hypochlorite Market, 2021-2028.” As per the study, the market stood at USD 261.7 million in 2020. It is set to exhibit a CAGR of 5.0% during the forecast period between 2021-2028.
Thyssenkrupp Introduces Portable Sodium Hypochlorite Disinfection Trailer Unit
In September 2020, ThyssenKrupp Industrial Solutions South Africa (tkISSA) launched its sodium hypochlorite disinfection trailer unit to help spray disinfectant in COVID-19 hotspot zones. It is portable and custom-designed. As per the World Health Organization (WHO), the chemical is effective in disinfecting surfaces infected with the coronavirus. Hence, the company decided to make this cutting-edge trailer unit.
High Demand for Disinfectants amid COVID-19 Pandemic to Affect Growth Positively
The COVID-19 pandemic has rapidly expanded the consumer goods industry backed by the rising concerns of hygiene, health, and cleanliness. The Household and Commercial Products Association (HCPA), for instance, represents companies that sell and make around USD 180 billion annually of products used for disinfecting, maintaining, protecting, and cleaning commercial and residential environments. Coupled with this, the rising demand for hand sanitizers is likely to aid growth of the market for liquid bleach amid the pandemic.
The research report of this industry includes an accurate study of various regions and countries. It was created by our analysts after studying and observing numerous factors that determine regional growth, such as political, technological, social, economic, and environmental status of the region. The competitive landscape section was developed to aid you better understand the partnerships that key players are focusing on to compete globally.
Information source: https://www.fortunebusinessinsights.com/sodium-hypochlorite-market-105064