The latest report by IMARC Group, titled “Bleaching Agents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global bleaching agents market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global bleaching agents market size reached US$ 842 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,072 Million by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
Bleaching agents represent chemical products used domestically or industrially to remove the color from various materials. They are of several kinds, including hydrogen peroxide, chlorine dioxide, ascorbic acid, acetone peroxide, azodicarbonamide, etc. Bleaching agents are mainly available in liquid form as sodium hypochlorite and powdered form as calcium hypochlorite. They are commonly utilized in households to remove stains and whiten clothes or as disinfectants in surface cleaners and laundry detergents. As a result, bleaching agents find widespread application across various sectors, such as construction, pulp, paper, electrical, healthcare, water treatment, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The escalating utilization of these products in the textile and paper industries is among the primary factors driving the bleaching agents market. Besides this, the elevating requirement for these agents in the food and beverage (F&B) sector for the preparation, structuring, and elasticity of bakery dough and as additives to decolor the yellowish appearance of the raw mill flour is further augmenting the market growth. Moreover, the growing popularity of bleaching agents in sanitizing swimming pools and in purifying water to make it suitable for drinking is also catalyzing the global market.
Apart from this, the introduction of chlorine-free or green products with low chemical residue and emissions and the increasing investments in wastewater treatment plants are acting as significant growth-inducing factors. Furthermore, the rising demand for these elements across the beauty and cosmetic industry in teeth whitening products and hair dyes and in the chemical sector is expected to propel the bleaching agents market in the coming years.
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The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these key players include:
- Aditya Birla Chemicals
- Hawkins, Inc.
- Siemer Milling
- Supraveni Chemicals
- Spectrum Chemicals
- Gujarat Alkalies and Chemicals
- The Procter & Gamble Company
- The Clorox Company
Key Market Segmentation:
Market Breakup by Product Type:
- Hydrogen Peroxide
- Ascorbic Acid
- Acetone Peroxide
- Chlorine Dioxide
Market Breakup by Form:
Market Breakup by End-User Industry:
- Pulp and Paper
- Electrical and Electronics
- Water Treatment
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Scope and Methodology
- Executive Summary
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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