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Hypochlorous Acid Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

Published Date: July 2019

https://www.gminsights.com/industry-analysis/hypochlorous-acid-market


Hypochlorous Acid Market size is expected to witness significant growth over the projected timespan owing to rising demand for sodium and calcium hypochlorite from application industries. Increasing prevalence of wound disease such as diabetic foot ulcers, pressure and venous ulcers is projected to have positive impact on the market growth.

Hypochlorous acid is widely used in wound healing solutions as it helps in dissolving biofilms that are formed on chronic wounds that prevent healing and increase the risk of blood toxicity levels. Global wound healing market was over USD 30 billion in 2018 owing to rising acute and chronic wounds, low platelet counts, and hemophilia which results in slows down the rate of wound healing process. Hypochlorous acid aids faster healing as its application results in nearly eight hours of keratinocyte cell line mitigation in comparison with other wound healing products such as iodine, may trigger the hypochlorous acid market demand.

Increasing consumer awareness regarding the importance of clean water and stringent government regulations to safeguard the supply of water may foster hypochlorous acid market share. In Belgium, wastewater treatment market was over USD 50,0000 in 2018 and expected to witness significant growth owing to rapid urbanization and increasing population. Hypochlorous acid possesses stable disinfectant properties and is added to public water supplies to treat disease causing pathogens such as protozoans, bacteria, and viruses that commonly palpate in water supply reservoirs and on the walls of storage tanks. It is one of the most effective biocides, shares weak acid bond and is produced in human body to fight infection and kill invasive organisms which makes it safe for human and animal consumption thereby having positive impact on hypochlorous acid market growth.

Hypochlorous acid possesses infection fighting compounds found naturally in the body and helps in reducing acne inflammation and scars by protecting against environmental aggressors such as dirt and pollution. Increase in prevalence of skin problems such as acne, scars and cold sores owing to rise in air pollution levels and changing dietary patterns may boost market share. The properties of hypochlorous acid such as its antiviral and antimicrobial nature helps in healing acne scars by triggering epithelial knitting and oxygenation levels under skin layer which may accelerate hypochlorous acid market share.

Hypochlorous acid is widely used in manufacturing deodorant as it is produced by the electrolysis of salt and water without the interference of chemical materials that cause symptoms of redness and chaffing. Increasing disposable income, rise in consumer awareness related to personal hygiene along with the adverse effects of calcium salts in deodorants may increase hypochlorous acid market penetration in personal care products thereby boosting market growth. In UK, over 17 million people used aerosol spray deodorants in 2017 owing to rising consumer inclination to avoid body odor. It is effective against a wide range of viruses and bacteria that cause body odor, can be applied to different skin types, finds computability with aerosol medium, and helps in maintaining moisture levels thus preventing flaking which may foster market share.

North America hypochlorous acid market size led by the U.S. and Canada should witness a significant growth during forecasted period owing to increasing demand for wound healing solutions. In U.S over 1.25 million people were diagnosed with diabetes in 2016 which has increased the prevalence of chronic wounds among geriatric population. Diabetes decreases the wound healing rate as high levels of insulin affects the nerves which leads to poor circulation resulting in delayed skin repair. Hypochlorous acid helps in triggering the production of new skin cells and reduces infection by preventing pus formation and contamination by bacteria which foster market share.

Europe driven by UK, France, Italy, and Germany hypochlorous acid market demand may witness moderate growth during forecasted period. Hypochlorous acid is easy to store, cost efficient, and possess nontoxic nature which makes it attractive to use in restaurant industry as a sanitizing agent which may trigger product demand. Hypochlorous acid is widely used in manufacturing sanitizers for food & beverage industry for sanitizing food preparations areas, counter tops, tables, and grills to prevent contamination from meat, seafood, and other organic produce which may accelerate market share. In UK, average weekly spending on restaurants and hotels between the age group of 30 to 49 was over USD 75 in 2018. Changing consumer perceptions towards fine dining, stringent European Union regulations related to food safety and busy schedules may stimulate hypochlorous acid market from their applications in restaurants, hotels and café’s.

Asia Pacific hypochlorous acid market demand led by Japan, China, and India may see significant growth. Hypochlorous acid is compatible with organic & inorganic chemicals, shows microbicidal properties and is highly stable when applied to counter bacteria, viruses, and fungi which helps in reducing inflation. Increase in prevalence of skin problems such as acne, wrinkles, cold scores, and scars owing to sedentary lifestyles, inclination towards western foods with high fat content, and rising pollution levels may trigger the market demand. In South Korea, over 40% of males were diagnosed with acne in 2018 owing to increase in bacterial and microbial acne breakouts may have positive impact on market growth.

Global hypochlorous acid market share is fragmented as market consist of several small, medium and major market players. Companies such as Kemin Industries, BASF, Lenntech, Arkema S.A., Nouryon, Lonza, Kuehne Company, Tosoh Corporation, Aditya Birla Chemicals, Surpass Chemical Company, Ultrapure HOCL, AGC Chemicals, Westlake Chemical Corporation, Tianjin Ruifuxin Chemical, and Westlake Chemical Corporation are key players in the market.