Calcium Hypochlorite Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LANDON, GREATER LANDON, UK, July 18, 2024 /EINPresswire.com/ -- The calcium hypochlorite market has shown robust growth recently, with its size increasing from $5.71 billion in 2023 to an anticipated $6.06 billion in 2024, marking a compound annual growth rate (CAGR) of 6.2%. This growth in the historic period can be attributed to the expansion of industries and urbanization, stringent health regulations, the burgeoning bottled water industry, increased international trade, and rising awareness concerning water pollution.
Rising Demand for Clean Water Drives Market Growth The calcium hypochlorite market is poised for strong growth in the coming years, projected to reach $7.73 billion by 2028, growing at a CAGR of 6.3%. This surge is driven by the escalating demand for clean water across various sectors. The expansion of healthcare facilities, agricultural activities requiring purified water, and increased construction of leisure facilities like hotels and resorts further propel this growth. Government initiatives aimed at enhancing public health standards also contribute significantly.
Major trends expected in the forecast period include advancements in municipal water systems, innovations in swimming pool technologies, improvements in production and packaging methods, ongoing research on waterborne pathogens, and advancements in production processes.
The Increasing Demand for Clean WaterThe increasing global demand for clean water is a pivotal factor fueling the calcium hypochlorite market. With population growth and economic development, coupled with changing consumption patterns and climate change-induced water scarcity, there is an urgent need for safe and contaminant-free drinking water. Calcium hypochlorite plays a crucial role in water treatment processes by effectively disinfecting water, thereby ensuring its safety for human consumption.
For instance, as per a February 2024 report by UNESCO, 2.2 billion people lacked access to safely managed drinking water until 2022, underscoring the critical need for robust water treatment solutions. This demand is exacerbated by rural areas where basic water services are still inadequate.
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Major Players Driving InnovationLeading companies in the calcium hypochlorite market, including China Petroleum and Chemical Corporation, Westlake Chemical Corporation, and Olin Corporation, focus on developing advanced dry-block calcium hypochlorite products to meet evolving customer needs and gain a competitive edge. Dry-block calcium hypochlorite, available in solid granular forms, offers enhanced safety and ease of handling compared to traditional liquid chlorine dosing systems.
In April 2024, SDS Limited, a UK-based water reuse technology specialist, launched an innovative greywater recycling system. This system utilizes intelligent chlorine dosing using dry-block calcium hypochlorite, making it ideal for smaller-scale applications such as hotels, where efficient water management is crucial.
Market SegmentsForm: Powder, Granular, PelletsProduction Process: Calcium Process, Sodium ProcessApplication: Detergent, Agrochemicals, House Cleaners, Water Treatment, Pulp And Paper, Food And Beverages, Textile, Pools And Spas, Other Applications
Regional Insights: Asia-Pacific Leading the ChargeIn 2023, Asia-Pacific emerged as the largest region in the calcium hypochlorite market and is expected to maintain its position as the fastest-growing region. The region's dominance is driven by increasing industrialization, rapid urbanization, and stringent water quality regulations.
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Calcium Hypochlorite Global Market Report 2024 from TBRC covers the following information:1. Market size data for the forecast period: Historical and Future2. Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.3. Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.The Calcium Hypochlorite Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on calcium hypochlorite market size, calcium hypochlorite market drivers and trends, calcium hypochlorite market major players, competitors' revenues, market positioning, and market growth across geographies. The calcium hypochlorite market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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July 18, 2024, 08:46 GMT
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