Hypochlorous Acid Market Scope
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 | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
CAGR | % |
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. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Hypochlorous Acid market throughout the predicted period.
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 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).
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 Hypochlorous Acid market by Type , by Application (Sanitizing Agent, Disinfecting, Oxidizing Agent and Others) and Region with country level break-up.
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).
region held largest market share in the year 2024.
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.
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
Key Target Audience
Hypochlorous Acid Manufacturers, Chemical Industry, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other