Hypochlorous acid market size is anticipated to grow at a rapid pace over 2021-2027, driven by the robust product demand for use as a disinfection agent for food processing equipment, coupled with its accelerating adoption for various applications including water treatment, wound healing, and commercial cleaning, among others. The product has also been gaining widespread adoption across the food industry owing to its capability to sanitize fruits, vegetables, meat, and other food products.
Hypochlorous acid (HOCl) is described as a weak acid that consists of monovalent chlorine that functions either as an oxidizing or reducing agent. It functions as a human metabolite and belongs to the reactive oxygen species, often used as a safe disinfectant to treat water supplies as well as food preparation surfaces.
Mounting consumption of hypochlorous acid products in the veterinary sector to ensure pet health and to meet their hygiene requirements, increasing R&D activities to examine their potential in the treatment of diabetic foot ulcers, as well as their extensive use as skincare products are fostering the overall hypochlorous acid market trends. HOCl is capable of fighting against acne and other skin infections due to its antimicrobial effects and anti-inflammatory nature, which will considerably bolster its adoption as an effective skincare ingredient in cosmetic applications.
In terms of segmentation by product type, the sodium hypochlorite segment will register a high revenue by 2027, considering its extensive usage as a bleaching agent in the thriving textile, paper & pulp, and detergents industries. The segment growth can further be attributed to the rapid product deployment as an oxidizing agent for organic products as well as a disinfectant in wastewater treatment and sanitary equipment.
Regionally, the Asia Pacific hypochlorous acid industry is expected to depict an appreciable growth rate through 2027, driven by the increasing rate of water pollution and the significant rise in focus on wastewater treatment to curb the water crisis in developing countries such as India. Nearly 70% of the water available in the country is contaminated. Furthermore, rising prevalence of adult acne among the Indian population will further add impetus to the regional hypochlorous acid market share over the forecast spell.
Key players functioning in the hypochlorous acid industry include Westlake Chemical (TTWF LP), Tianjin Ruifuxin Chemical, AGC Chemicals, UltraPure HOCL, Surpass Chemical Company, Aditya Birla Chemicals, Tosoh Corporation, Kuehne Company, Lonza Group, Nouryon, Arkema S.A., Lenntech, BASF, and Kemin Industries, among others. Strategic M&A and innovative product launches are among the major efforts undertaken by these firms to expand their stance and business operations across the global market.
For instance, in June 2021, Aqualution joined hands with ICB Ibérica to announce the launch of its hypochlorous acid range, namely BRINASAN, BRINACLIN, KLORXITOL & MICLORINE, in the French market, with an aim to meet the needs of modern disinfection across all sectors, including livestock production.
The ongoing coronavirus pandemic has posed negative impacts on the wound care sector due to the considerable decline in hospitalization, diagnostic workup, and limited access to primary care physicians during the lockdown. According to a survey conducted among caregivers, nurses, doctors, and patients with leg ulcers in Italy, nearly 75% of the patients discontinued their consultations at wound care clinics amid the pandemic.
It may have inadvertently led to reduced demand for hypochlorous acid for skin care and other treatments over the past months. However, the approvals of HOCl products for use as in disinfectants against COVID-19 by various organizations such as the Environmental Protection Association US and the Australian Therapeutic Goods Administration will serve as a major factor in the development of the hypochlorous acid industry over the coming years.