Bleaching Agent Market – Global Industry Analysis and Forecast (2023-2029)

Bleaching Agent Market is expected to grow at a CAGR of 5.7% during the forecast period. Global Bleaching Agent Market is expected to reach US$ 1093.56 Mn by 2029.

Increasing bleaching activities in various sectors such as pulp & paper, textile, construction, etc. and rapidly rising water purification practice is expected to drive the bleaching agent’s market. Bleaching agents are extensively used in removing stains from clothes or makes them color-less. Health issues related to the bleaching agents such as damage to skin, eye, lung and stringent government regulations related to product usage in various countries may restrict the global bleaching market. Increasing market shift toward soft bleaching agent, significant research on bio degradable bleaching agents and rising applications in oil and gas industry offers a promising opportunity to market.

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The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Chlorine segment held the major market share due to its large scale use to produce calcium and sodium hypochlorite which is used largely as a disinfectant in wastewater treatment, especially in drinking water and in swimming pool. Peroxide based is the second largest product segment in  market. Peroxide based bleaching agents find its major application in pulp and paper, textile, waste water treatment, food industry, mining industry, pharmaceuticals & cosmetics and electronics industry.

Water purification is a major application segment in market. Bleaching agents like sodium and calcium hypochlorite, is utilized for purification of water will exhibit healthy growth rate with the rising health consciousness and the increasing awareness of the importance of safe drinking water. Paper & pulp is the second largest application segment of bleaching agents market. Bleaching agent is used chemical processing of wood pulp to lighten pulp color and whiten the pulp.

North America region gives a significant contribution in a revenue share for bleaching agents industry owing to high chlorine based bleaching agent consumption. Moreover, rising government investments in waste water treatment plants will also drive the industry in the forecast. Furthermore, rising water contamination from the industrial activities mainly in China and India has propelled bleaching agents demand for waste water treatment, which will have positive impact on the bleaching agent’s market size during the forecast period.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding bleaching agents market dynamics, structure by identifying and analyzing the market segments and project the market size. Further, the report also focuses on a competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER's analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in bleaching agents market.
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Bleaching Agent Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 741.85 Mn.


Forecast Period 2023 to 2029 CAGR:
5.7%
Market Size in 2029:
US $ 1093.56 Mn.


 Segments Covered:
by Product
Chlorine Based
Peroxide Based
Reducing Agent
Other


by Application
Pulp & Paper
Textile
Construction
Electrical & Electronics
Homecare
Healthcare
Other


by Type
Reduced
Oxidized


by Grade
Industrial Grade
Food Grade



Bleaching Agent Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Key players
1. Aditya Birla Chemicals
2. AkzoNobel
3. Arkema
4. Ashland
5. BASF
6. Christeyns
7. Clariant
8. Colgate-Palmolive Company
9. Dow Chemicals
10. DuPont
11. Evonik
12. Hawkins, Inc
13. Kemira
14. Merck
15. Mitsubishi Gas Chemical Company
16. Novozymes
17. S. C. JOHNSON & SON, INC.
18. Shandong Huatai Interox Chemical
19. Solvay
20. Spartan Chemical Company
21. The Clorox Company
22. The Procter & Gamble Company

Frequently Asked Questions:

1. Which region has the largest share in Global Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Market?
Ans: The Global Market is growing at a CAGR of 5.7% during forecasting period 2023-2029.

3. What is scope of the Global market report?
Ans: Global Bleaching Agent Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Bleaching Agent market?
Ans: The important key players in the Global Bleaching Agent Market are – Aditya Birla Chemicals, AkzoNobel, Arkema, Ashland, BASF, Christeyns, Clariant, Colgate-Palmolive Company, Dow Chemicals, DuPont, Evonik, Hawkins, Inc, Kemira, Merck, Mitsubishi Gas Chemical Company, Novozymes, S. C. JOHNSON & SON, INC., Shandong Huatai Interox Chemical, Solvay, and Spartan Chemical Company

5. What is the study period of this market?
Ans: The Global Bleaching Agent Market is studied from 2022 to 2029.