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Sodium Hypochlorite
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Sodium Hypochlorite Industry Benchmarks
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The average annual savings achieved in Sodium Hypochlorite category is 6.50%
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The industry average payment terms in Sodium Hypochlorite category for the current quarter is 70.4 days
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Sodium Hypochlorite market report transcript
Global Market Outlook on Sodium Hypochlorite
- The SHC market is forecast to reach $221.9 million by 2024, after growing at a CAGR of 4.82 percent during 2020–2024
- The SHC market demand is expected to drive the global demand for household applications as well as for industrial municipal water treatment applications
- The global SHC demand is estimated at 14.00 MMT in 2020, which is expected to grow at a CAGR of 2.5 percent until 2024
- The global supply of SHC will continue to outpace the demand during the forecasted period, due to availability of other substitutes and enough capacity already installed in the market
SHC Market Trends – Enough Capacity to Meet Demand Until 2024
• The global supply of SHC will continue to outpace the demand during the forecasted period, due to availability of other substitutes and enough capacity already installed in the market SHC Capacity Analysis – Highly Distributed
• SHC being a product produced in a chlor-alkali plant, there are possibilities of it being produced at 100 percent chlor-alkali capacity if at all there is no demand for the raw material
• There are caution signs of SHC supply glut in Europe, however, the demand side is weak
Demand by Region – China Leads Growth
• Developing economies in particular China will remain the growth engine driving the demand for SHC during 2018–2020
• Rapid urbanization in these economies is witnessing high growth rates in the industrial sectors, including pulp & paper.
Global Trade Dynamics
- North America: Net importer, with major imports coming from China, Germany, and Belgium. Both exports and import levels have decreased drastically, owing to availability of better substitutes
- Europe: Net exporter, wherein much of the exports are directed to Russia, the UAE, and Qatar. Trade dynamics is expected to remain the same, as there are no planned capacity additions in Europe
- APAC: Net exporter, wherein much of the exports are directed to Afghanistan, Qatar, and South Africa. However, the export quantities have reduced drastically, owing to environment regulation imposed on SHC manufacturers, resulting in plant shutdowns
- Latin America: Net importer, with majorly importing from China, the US, and Spain. Trade dynamics are expected to remain same, as there are no capacity additions planned.