Market Synopsis:
The Global Market for Bleaching Chemicals is estimated to procure a market value, thriving at the fastest CAGR during the assessment period from 2016 to 2022. The growing demand for water treatment is estimated to be one of the most substantial factors driving the Global Bleaching Chemicals Market 2020. The pulp and paper industry is one of the largest users of bleaching agents. There are several applications Bleaching Chemicals that additionally augment the global market. Also, the increasing adoption of bleaching agents for cosmetic and medical objectives is likely to further fuel the Global Bleaching Agents Market. The market for Bleaching Chemicals is very competitive, which can result in the production of various innovative products. Further, the fast-expanding paper and pulp industry are estimated to be another important element leading to the rise in the market. Also, the increasing population has a direct impact on the textile industry, which affects the Bleaching Chemical Market. Moreover, the increasing prominence of other industries such as household industry, cosmetic and personal care, and food additives propel the Bleaching Chemicals Market Growth.
However, Chemical Bleaching has a negative impact on the environment, which can act as a factor of hindrance during the assessment period. Also, Bleaching Chemicals can have various impacts on health, which can adversely affect skin and eyes, which is likely to restrict the market.
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Key Players:
The Renowned Players of the Global Bleaching Chemicals Market are Neutron Industries (U.S.), Akzo Nobel Eka(Netherlands), Arrow-Magnolia International, Inc. (U.S.), Kemira Oyj(Europe), Aditya Birla Chemicals(India), State Industrial Products Corporation (U.S.), Hansol Chemicals(Korea), 3M Company (U.S.), Hercules and Hercules Inc(U.S.), Ecolab G.K. (Japan), and a few others.
Industry News:
Gujarat Alkalies and Chemicals have planted a temporary operation of its Stable Bleaching Powder (SBP) Plant at Dahej from March 30, 2020. Several Municipal Corporations demand the product for various significant purposes.
Market Segmentation:
The worldwide market for Bleaching Chemicals can be segmented on the basis of Application, Type, and Region.
On the grounds of Application, the worldwide market for Bleaching Chemicals can be distinguished into cosmetic and personal care, textile industry, household industry, food additive, pulp bleaching, and many others.
On the grounds of the Type, the worldwide market for Bleaching Chemicals can be distinguished into chlorine, chlorine dioxide, sodium hypochlorite, calcium hypochlorite, sodium dichloroisocyanurate, and others.
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On the grounds of the Region, the worldwide market for Bleaching Chemicals can be distinguished into Asia Pacific, North America, Europe, and the Rest of the World (RoW).
Regional Analysis:
The worldwide market for Bleaching Chemicals is anticipated to expand generously during the forecast period. As per the study, the global market is likely to be dominated by the APAC region. Among all, China is the largest consumer of Bleaching Chemicals. Other countries such as India, China, Malaysia, and Thailand are projected to display a significant development during the forecast period. The higher contamination of water in the region has resulted in a significant rise in the demand for bleaching chemicals. On the other hand, North America and Europe are estimated to witness a slow growth owing to the strict rules and regulations on the manufacturing of Bleaching Chemicals. Increasing environmental concern is likely to be another factor resulting in market growth. However, the competition arising from multi-purpose cleaners can lead to obstruction during the assessment period. Further, the MEA region is likely to take the last position. The government restrictions imposed on Bleaching Chemicals can obstruct the market from growing.
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