Market Trends of Bleaching Agent Industry
This section covers the major market trends shaping the Bleaching Agent Market according to our research experts:
Chlorine-based Bleaching Agents to Dominate the Market
- Among the different types of bleaching agents, chlorine-based bleaching agents account for the highest market share currently.
- The chlorine-based bleaching agent is used on a large scale to produce calcium and sodium hypochlorite which is used largely as a disinfectant in wastewater treatment, especially in drinking water and in the swimming pool.
- Also, chlorine is extensively used in pulp & paper technology as a bleaching agent for wood pulp that can be used in manufacturing printing and writing paper.
- Hence, owing to easy availability and the high number of applications the chlorine-based bleaching agents are likely to dominate the market studied during the forecast period.
Asia-Pacific to Dominate the Market
- Currently, Asia-Pacific accounts for the highest market share in the global bleaching agents market owing to the high demand from countries like China, India, and Japan.
- China has one of the largest construction industries. It is also one of the major production centers for pulp & paper and textiles across the globe.
- India has a significantly growing construction industry. There has been a significant rise in the need for water treatment in the country over the past few years.
- Additionally, the southeast Asian countries are also witnessing major demand for bleaching agents for usage in industries like water treatment, pulp & paper, etc.
- Hence, owing to the above-mentioned reasons, Asia-Pacific is likely to witness the highest share for the global bleaching agent market during the forecast.