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Bleaching Agents Market by Top Key Participant: DowDuPont, Sigma-Aldrich Co., Mitsubishi Gas Chemical Company, Inc., Aditya Birla Inc. and PPG Industries
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Bleaching Agents Market size is likely to grow with prominent CAGR during the forecast timespan, 2018 – 2024. Bleach is a specific type of laundry product which removes stains from the clothes or makes them color-less depending upon quantity applied. Commonly used bleaching powder is made by combining calcium chloride and calcium hydroxide. Bleaching agents are used on large scale for various purposes such as washing, cleaning, healthcare, personal care products and waste water treatment. It is widely used in household applications due to which manufacturer of bleaching agents are now focusing to make better product which will emit less contaminants into water, soil and air.
Asia pacific shall be the fastest growing region for global bleaching agents market. Product demand in this region is likely to be driven by gradual rise in consumption of hydrogen peroxide in pulp & paper and chemical industries in countries including India and China. In addition, wastewater treatment industry in Asia Pacific is growing with prominent CAGR and shall generate revenue close to USD 674.72 billion globally by 2024 among which half of the contribution is likely to come from Asia Pacific. Elevated level of water sources contamination globally was a major reason behind increasing demand for waste water treatment solutions in recent times.
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Major players in the bleaching agents market includes Solvay, Kemira Oyj, Arkema, Ashland, BASF, Clariant Evonik and AkzoNobel Other prominent vendors in industry are DowDuPont, Sigma-Aldrich Co., Mitsubishi Gas Chemical Company, Inc., Aditya Birla Inc. and PPG Industries, Inc. In January 2016, AkzoNobel acquired full control of hydrogen peroxide joint venture of EkO peroxide LLC and OCI proxygene LLC. Hydrogen peroxide is a key component of AkzoNobel’s bleaching chemical portfolio and this acquired subsidiary produces 70,000 tons hydrogen peroxide per annum. This acquisition will strengthen the company’s position in bleaching agents market in North America.
Market share calculation in this report is not done based on companies covered in it. The calculation of bleaching agents market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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