Rapid urbanization across several developing countries is projected to create promising expansion avenues in the calcium hypochlorite market during the forecast period 2018 to 2026, highlights a new study published by TMR. The report underlines that the global market for calcium hypochlorite will expand at over 3% CAGR between 2018 and 2026.
The new TMR research report gives 360-degree overview of global calcium hypochlorite market. Thus, it presents all data and analysis on the drivers, challenges, growth opportunities, and restraints of the market for calcium hypochlorite.
Calcium hypochlorite refers to an active ingredient of different commercial products including bleaching powder and chlorine powder. It is widely utilized as bleaching agent in the water treatment applications.
Over the period of past few years, a substantial growth in awareness about the importance of safe drinking water is observed across the globe. This scenario is resulting into generation of prodigious sales opportunities for players operating in the global calcium hypochlorite market. Apart from this, the market is expected to continue experiencing high growth avenues in the upcoming years on the back of increased demand for fresh water and the depleting sources of water across the globe.
The market is projected to gather lucrative opportunities in the upcoming years on the back of growing use of calcium hypochlorite in pulp & paper applications.
Introduction of New Production Facilities: Prominent Expansion Strategy of Players in Calcium Hypochlorite Market
Tosoh Corporation, China Petrochemical Corporation (SINOPEC), Nippon Soda Co., Ltd, Lonza Group Ltd., Sree Rayalaseema Hi-Strength Hypo Ltd., Westlake Chemical Corporation, Yuzhoushi Weilite Chemical Co., Ltd., and Tianjin Kaifeng Chemical Co., Ltd. are some of the key players operating in the global calcium hypochlorite market.
The presence of many players makes the level of competition in the calcium hypochlorite market high. This scenario is pushing players to utilize different organic and inorganic strategies to gain leading market position.
Several companies in the market are concentrating on expanding their production capabilities to fulfill the increasing product demand. For this purpose, they are introducing new manufacturing facilities. These efforts are also helping players in strengthening their regional market positions.
Many market players are indulging into merger and acquisitions activities. On the back of these efforts, the calcium hypochlorite market is expected to experience outstanding growth in the years ahead.
North America and Europe: Prominent Regions Driving Market Growth
Europe, Asia Pacific, North America, Middle East and Africa, and Latin America are some of the key regions in which the global calcium hypochlorite market shows prominent presence. Among all regions, Europe and North America hold considerable share of the market. Presence of several water treatment companies in these regions boosts the regional market growth.
Asia Pacific: Rapidly Expanding Region of Calcium Hypochlorite Market
The Asia Pacific calcium hypochlorite market is projected to experience expansion at 4% CAGR during the forecast period of 2018 to 2026. This growth is attributable to increased research and development activities in the regional countries including China, Japan, India, and South Korea. This aside, rapid urbanization across many emerging economies such as India and China are projected to create remarkable growth avenues for water treatment and house cleaners & detergents application segments in Asia Pacific.
Global Calcium Hypochlorite Market Segmentation
The global calcium hypochlorite market is segmented on the basis of varied key aspects such as form, application, and region. Based on form, the market for calcium hypochlorite is classified into pellet, granule, and powder. In terms of application, the segmentation of calcium hypochlorite market is performed into many sections such as house cleaners & detergents, water treatment, pulp & paper, food & beverage, agrochemicals, and others.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Calcium Hypochlorite Market (Form - Powder, Pellet, Granule; Application - Water Treatment, House Cleaners and Detergents, Agrochemicals, Pulp and Paper, Food and Beverage; Geography - North America, Europe, Asia Pacific, Middle East and Africa, Latin America) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026.”
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