Home > Chemicals & Materials > Hypochlorous Acid Market
Hypochlorous Acid Market Size
Hypochlorous Acid Market is expected to register a decent growth trajectory during 2024-2032, driven by the escalating awareness along with strong focus on hygiene and sanitation. Lately, there have been mounting concerns over infectious diseases and foodborne illnesses, particularly in industries, such as healthcare, water treatment, and food processing. To that end, hypochlorous acid has emerged as a sought-after solution due to its potent antimicrobial properties.
Hypochlorous Acid Market Trends
The trend of adopting hypochlorous acid as an alternative to traditional chemical disinfectants stems from its environmentally friendly properties and the growing preference for green and eco-friendly products. As per roundyp.org, 78% of consumers prioritize sustainability, with 55% willing to pay extra for eco-friendly brands. Unlike many chemical disinfectants, hypochlorous acid is non-toxic, biodegradable, and safe for humans and animals when used as directed. This makes it a sustainable option for disinfection purposes, as it poses minimal risk to the environment and human health. Additionally, the use of hypochlorous acid aligns with regulatory efforts to reduce the environmental impact of chemical products to promote safer alternatives.
Hypochlorous Acid Market Analysis
Hypochlorous acid market from the sodium hypochlorite type segment is anticipated to see immense growth from 2024 to 2032, owing to its wide usage as disinfectant and bleaching agent in household, commercial, and industrial applications. In the healthcare sector, sodium hypochlorite solutions are used for surface disinfection, sterilization of medical equipment, and water treatment. Moreover, its versatility and effectiveness makes it a preferred choice for disinfection and sanitation purposes across various sectors.
The industry value from the wound management application segment is poised to grow rapidly by 2032, as hypochlorous acid exhibits potent antimicrobial properties, making it effective in wound cleansing, debridement, and infection control. Subsequently, healthcare professionals are largely incorporating hypochlorous acid-based wound care solutions into their clinical practice to promote wound healing and prevent infections. The broad-spectrum antimicrobial activity of hypochlorous acid coupled with its non-cytotoxic and non-irritating nature, also makes it suitable for use on various types of wounds.
Asia Pacific hypochlorous acid industry is set to gain traction till 2032, driven by expanding healthcare infrastructure, increasing focus on sanitation and hygiene, and rising demand for disinfectants in various end-use industries. Countries, such as China, Japan, South Korea, and India are witnessing growing investments in healthcare facilities. Additionally, the ongoing efforts to combat infectious diseases, coupled with stringent regulations governing sanitation and hygiene standards are further boosting the product adoption. With increasing awareness of the benefits of hypochlorous acid and its diverse applications, Asia Pacific is poised to witness robust growth in the coming years.
Hypochlorous Acid Industry Share
Major players operating in the hypochlorous acid market include:
- Westlake Chemical (TTWF LP)
- Tianjin Ruifuxin Chemical
- AGC Chemicals (AGC Inc.)
- UltraPure HOCL
- Surpass Chemical Company
- Annihilare Medical Systems
- Aditya Birla Chemicals
- Tosoh Corporation
- Kuehne Company
- Lonza Group
- Nouryon, Arkema S.A
- Lenntech, BASF
- Kemin Industries
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.
Hypochlorous Acid Industry News
In April 2023, Saltwater Biocides unveiled its EPA-registered Hy-GEN brand of hypochlorous acid with a neutral pH for effectively combating bacteria like Staph and Rhinovirus, lauded for its safety, potency, and eco-friendliness.