Bleaching Agent Market size worth over $91 billion by 2025
Published Date: November 2, 2018 Authors: Kiran Pulidindi, Soumalya Chakraborty
According to a new research report by Global Market Insights Inc., the Bleaching Agent Market size is forecast to exceed USD 91 billion by 2025 owing to the rising environmental awareness for waste water treatment in the emerging economies.
Growing industrialization activities in emerging economies including China, India, Brazil and South Africa have created a major decline in the level of consumable water and raised the level of groundwater contamination. Therefore, there is rising aquatic concerns which has propelled water treatment activities in the region.
Key companies in South America have been making substantial investment to improve the waste water facilities to improve its overall efficiency. For instance, a total project of worth USD 8.6 million has been initiated to upgrade Grissom Aeroplex wastewater treatment plant in Peru. The project includes upgrading the plant’s design and various other architectural amendments. Furthermore, a total of 20 waste water treatment plant are being upgraded with modern technologies across the U.S. and South America.
Stringent government standards are imposed on several bleaching agents, owing to its toxic nature. Extensive product use may result into several health issues such as skin irritation, eye problems and respiratory issues. Nevertheless, the growing awareness for the use of ecofriendly alternatives such as hydrogen peroxide, phenolic disinfectants and pine oil in place of chlorine based products having harsh and coarse impact will generate abundant opportunities to the bleaching agent market growth by 2025.
Browse key industry insights spread across 223 pages with 298 market data tables & 29 figures & charts from the report, “Bleaching Agent Market by Type (Peroxide Based, Chlorine Based, Reducing Agents) and Application (Pulp & Paper, Water Treatment, Textile, Construction, Healthcare), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:
Peroxide based bleaching agents witnessed growth of more than 5.5% by 2025. Hydrogen peroxide is an oxidizing agent which is used as a laundry bleach. It functions by breaking down safely into water and oxygen and is comparatively environment friendly than chlorine based bleaches. Therefore, it is preferable for applications in washable and dye-stable fabrics. Moreover, the product finds extensive application in healthcare and pulp & paper industry owing to its extremely light sensitive property. It is also used in households at lower concentrations for medicinal applications. On the other hand, higher concentration products are used as bleach for textiles and paper.
Bleaching agent market size for textile industry registered close to 22% of the total industry share in 2017. It is employed for the removal of natural coloring matter from the substrates. Furthermore, the oxidized bleaches are safe for use and does not remove color or patterns from clothes. It removes stains and even brightens color if used in appropriate quantity. Moreover, oxygen bleach is biodegradable in nature which makes it more desirable across industrial applications and thus likely to project higher gains by 2025.
Middle East & Africa bleaching agent market size is likely to project gains of more than 4.5% by 2025. Solid waste and lack of proper sewage in the region are polluting the ground water, which is affecting the aquatic life and human health. Lack of awareness and willingness to pay for proper sanitation in the rural areas has resulted in water scarcity in the region. Therefore, government in the region is making substantial investments for building water treatment facilities to restore availability of clean water.
Bleaching agent industry is exceedingly competitive, with several key players which accounted for more than half of the total industry size in 2017. Some of the prominent market share contributors are AkzoNobel, BASF, Arkema, Clariant, Evonik, Solvay, Ashland, PPG Industries, Mitsubishi Inc., Aditya Birla Inc., Sigma-Aldrich Co., Kemira Oyj and DowDuPont. Most of these players are making investment to expand its market presence to generate higher profit gains. For instance, Clariant inaugurated a new bleaching earth production site in Indonesia in April 2017. This move was intended to expand company’s footprint in the Asia Pacific region.