About Hypochlorous Acid
Hypochlorous acid is a weak acid and a naturally occurring chemical that is produced by our neutrophils, or white blood cells, to fight bacteria and inflammation after an infection or trauma. Hypochlorous acid provides a unique power to eradicate dangerous organisms while not causing harm to our cells. It is one of the only agents that are both nontoxic to the delicate cells that can heal our wounds while being lethal to almost all known dangerous bacteria and viruses that threaten our health.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Hypochlorous Acid market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), INOVYN (United Kingdom), Lenntech B.V. (Netherlands), Arkema S.A. (France), Lonza (Switzerland), Olin Corporation (United States), Nouryon (Netherlands), Occidental Petroleum Corporation (United States), Kuehne Company (United States), AGC Inc. (Japan) and Westlake Chemical Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Surpass Chemical Company, Inc. (United States), Tianjin Ruifuxin Chemical (China), Tosoh Corporation (Japan), Aditya Birla Chemicals (India), Clorox Company (United States), Aqualution Systems Ltd (United Kingdom) and Ultrapure HOCL (Pty) Ltd (South Africa).
Segmentation Overview
AMA Research has segmented the market of Global Hypochlorous Acid market by Type (Sodium Hypochlorite, Calcium Hypochlorite and Others), Application (Sanitizing Agent, Disinfecting, Oxidizing Agent and Others) and Region.
On the basis of geography, the market of Hypochlorous Acid 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). If we see Market by End Use Verticals, the sub-segment i.e. Water Treatment will boost the Hypochlorous Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Size, the sub-segment i.e. 1-10 Kg will boost the Hypochlorous Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing in Usage of Hypochlorous Acid in Sterilizing Bacterial Infection by Drying out Blood Cells is Boosting Its Demand in The Medical Industry and Rise in Demand for Oxidizing and Disinfecting Agents in Order To Provide Quality Water
Market Growth Drivers:
Rising in the Usage of Hypochlorous Acid in the Food & Beverages Industry is Fuelling the Growth of the Global Hypochlorous Acid Market. and Hypochlorous Acid is Used for Cleaning Food Processing Equipment and Dishwashers. It is also Employed as a Food Additive in Processing Poultry Products and Seafood Products.
Challenges:
Hypochlorous Acid May Harm Aquatic Animals
Restraints:
Hypochlorous Acid is Highly Dangerous and Can form Explosive Gas if used in Concentrated Form
Opportunities:
Rapid Industrialization and Increase in Demand for Sodium Hypochlorite in Chemical, Agriculture, and Pharmaceutical Industries and Demand for Hypochlorous Acid in Countries in Europe Such as Germany, France, and The United Kingdom
Market Leaders and their expansionary development strategies
9th June 2020, BASF SE and ExxonMobil Catalysts and Licensing LLC have released a new highly energy-efficient amine gas treatment technology named OASE® sulfexx™. The technology is based on a new proprietary amine-based solvent that selectively removes hydrogen sulfide (H2S) while minimizing the co-absorption of carbon dioxide (CO2) from gas streams.
On 20th January 2020, BASF has announced that the company is BASF is investing in the higher double-digit million euro range in sustainable technology at the Ludwigshafen Verbund site. Capacity expansion to 50,000 metric tons per year in response to rising global demand.
Key Target Audience
Hypochlorous Acid Manufacturers, Chemical Industry, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.