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Bleaching Chemicals Market Analysis & Opportunity Assessment, 2014 - 2020

Oct 15, 2014 | Chemicals & Materials | FMI

Bleaching chemicals or agents are used for bleaching in textile, paper & pulp industries.They are used in laundry detergents, household sanitizing, denture cleaning, removing rust stains, and as reducing agent in oxidizing bleaches, preservation of grapes and wines, refinement of sugar and other household and industrial applications. Bleach is primarily used to remove stains, color, or lighten the tone of color via oxidation process. There are different kinds of bleaches available in the market such as chlorineand oxygenbleach. Predominantly used bleaching chemicals are Chlorine, Chlorine Dioxide, Oxygen, Hydrogen Peroxide, Sodium Hypochlorite, Hypochlorous Acid, Ozone, and Sodium Hydroxide. Other bleaching chemicals include sodium persulfate, zinc peroxide, sodium persilicate, bromated, sodium perphosphate, and other organic peroxides.

Bleaching chemicals that are used across all sectors including household, commercial, industrial, and medical applications represent a high volume market across the globe with moderate growth opportunities for suppliers. Low degree of technological expertise required to manufacture these chemicals lower the entry barriers for new players in the market. In the coming years, significant volumes of these chemicals are expected to come from unorganized and domestic players in the market. The household and laundry segment is expected to be a promising growth segment for bleaching chemicals. The trend of urbanization, increasing demand for personal care products, and steady demand from the industrial sector are supporting growth prospects of bleaching chemicals. The bleaching chemicals market is expected to growat stable CAGR between 5% and 7% over the next five years. Some of the major players in the market are AkzoNobel, Solvay, Formosa Plastics, Tata Chemicals, BASF, the DOW Chemical Company, and Kemira and others.