Bleaching Agents Market Size

Bleaching Agents Market Size

Bleaching Agents Market size was over USD 55 billion in 2017 and is projected to expand at 6.5% CAGR over the forecast timeframe owing to the increasing bleaching activities in various sectors such as pulp & paper, textile, construction, etc. and strong product demand in water purification practices, mainly in the Asia Pacific.

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Stringent environmental regulations imposed to promote eco-friendly products (phenolic based bleaching agent, hydrogen peroxide, enzymes, etc.) to limit contaminants in the ecosystem will help boost the bleaching agents market. For instance, Jack and Jones (denim brand) collaborated with CHT Group, a textile chemical producer to replace use of hazardous bleaches in the production of its jeans by a new organic bleach agent in July 2018. Furthermore, rising water contamination from the industrial activities mainly in China and India has propelled product demand for waste water treatment.

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Health issues related to the bleaching agents such as damage to skin, eye, lung and stringent government regulations related to product usage in various countries may restrict the growth of global bleaching agents market over the projected timespan. However, rising green products/alternatives such as pine oil, hydrogen peroxide and phenolic disinfectants which are environmentally friendly as compared to chlorine based bleaching agents will generate ample opportunities for the market growth over the forecast time spell.