Lithium Hypochlorite Market Scope
Lithium hypochlorite is an algicide, disinfectant, fungicide and food contact surface purifier. Its main pesticidal use is to control algae, bacteria and fungus in swimming pool water systems, hot tubs and spa. It also is used to sanitize food and cheese processing plant equipment, dairies, and eating creation equipment and kits. Lithium hypochlorite is framed as a ready-to-use liquid and a solvable solid concentrate. It is applied to swimming pool water using a skimmer basket, and to equipment or utensils by hand or through use of a dish washing machine.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF (Germany), Olin Chlor Alkali (United States), Arkema (France), AGC (United Kingdom), Sumitomo Chem (Japan), Aditya Birla (India), FMC (United States), Leverton-Clarke (United Kingdom), Jiangxi Ganfeng Lithium (China), Ruifuxin Chem (China) and Kaifeng Chem (United Kingdom) |
CAGR | 3.0% |
It has been witnessed that numerous of the market players are focused on product innovations and want to enlarge their geographical footprint in the upcoming years. Although technological developments have given the boost to the Lithium Hypochlorite business which is assisting new opportunities and welcomes new players in the form of start-ups Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Lithium Hypochlorite market throughout the predicted period.
BASF (Germany), Olin Chlor Alkali (United States), Arkema (France), AGC (United Kingdom), Sumitomo Chem (Japan), Aditya Birla (India), FMC (United States), Leverton-Clarke (United Kingdom), Jiangxi Ganfeng Lithium (China), Ruifuxin Chem (China) and Kaifeng Chem (United Kingdom) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Lithium Hypochlorite market by Type , by Application (Bleach, Water Treatment, Dentistry, Neutralising Nerve Agents, Prevent Skin Damage and Others) and Region with country level break-up.
On the basis of geography, the market of Lithium Hypochlorite has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2020 - Tianjin Yufeng Chemical Co. Ltd.Bleaching powder (by sodium process) has been put into operation, the advanced technology of bleaching powder (by sodium process) has replaced the traditional technology of bleaching powder (by calcium process) and has been put into production successfully.
In April 2022 - Mabuhay Vinyl Corporation (MVC) increased its caustic soda and chlorine production capacity at its Iligan Plant by 68% at an investment cost of P630M. The expansion includes related facilities foch -derivatives such as hydrochloric acid and liquid chlorine.
Influencing Trend:
Technology Development in Lithium Hypochlorite
Market Growth Drivers:
Increasing Use in Swimming pools and Spas
Challenges:
Hazardous if Added or Used Manually
Restraints:
Can cause Health Risks at High Concentrations
Opportunities:
Increasing Awareness about the Benefits of Lithium Hypochlorite
Key Target Audience
Manufacturers of Lithium Hypochlorite, Suppliers of Lithium Hypochlorite, Wholesalers, Distributors and Retailers of Lithium Hypochlorite, Healthcare Industry, Regulatory Bodies and Governmental Bodies