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Pandemic disrupted the entire world and affected many industries.
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Calcium hypochlorite is a white colored inorganic compound, which is extensively used as a bleaching agent in the form that is commercially known as bleaching powder. Owing to its slow decomposition when kept in moist air, it exhibits a strong and characteristic smell of chlorine. Calcium hypochlorite is industrially manufactured by treating calcium hydroxide or slaked lime with chlorine gas. It is used across the globe majorly for sanitization and disinfecting purposes, due to the strong oxidizing properties of the hypochlorite ion.
COVID-19 scenario analysis
The outbreak of the novel coronavirus pandemic has affected the global calcium hypochlorite market in a positive way.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Rise in fatalities due to water-borne diseases such as cholera and typhoid across the globe and the need for clean and safe drinking water have played an important role to drive the growth of the global calcium hypochlorite market. Being the active agent of bleaching powder, calcium hypochlorite is widely used for the purification of drinking water in the water purification plants. Presently, waste water recycling and desalination are considered to be major sources for usable fresh water. Rapid increase in desalination plants in various countries has escalated the demand for calcium hypochlorite for the water treatment processes. Moreover, calcium hypochlorite is widely used as cleaners or in detergents for cleaning and sanitation purposes. Being highly cost-effective, it is widely used in all public and private sectors for keeping their surrounding clean and disinfected.
On the other hand, being a strong oxidizing agent, calcium hypochlorite is used in paper & pulp industries as well as in agrochemical manufacturing industries. Presently, major companies that manufacture calcium hypochlorite are focusing towards developing their distribution networks and on competitive pricing for acquiring strategic advantage in the global market. For example, Tosoh China Holdings Co. Ltd., a subsidiary company of Tosoh Corporation, acquired Mabuhay Vinyl Corporation operating in Philippines to strengthen its position in the market. Moreover, Westlake Chemical Corporation acquired Axiall Corporation for $3.8 billion.
The calcium hypochlorite market is expected to grow exponentially in the Asia-Pacific region, owing to rapid urbanization of the developing countries of the region such as India and China. Rise in development activities has escalated the demand for bleaching powder for cleaning and sanitization purposes.
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Questions answered in the global calcium hypochlorite market research report:
Calcium Hypochlorite Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Tosoh Corporation, Tianjin Kaifeng Chemical Co. Ltd., Sree Rayalaseema Hi-Strength Hypo Ltd., Nippon Soda Co. Ltd, Yuzhoushi Weilite Chemical Co. Ltd., Lonza Group Ltd., Westlake Chemical Corporation |
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