According to Fortune Business Insights, The global sodium hypochlorite market is expected to increase from USD 1,547.5 million in 2024 to USD 1,988 million by 2032, reflecting a CAGR of 3.2%. In 2024, North America dominates the market, accounting for 45% of the total share. The U.S. market, in particular, is anticipated to witness notable growth, reaching approximately USD 797.8 million by 2032, fueled by strong demand in water treatment, paper manufacturing, textiles, and medical applications.
The global sodium hypochlorite market is set to gain traction from the high demand for the product from the water treatment chemical industry. Chlorine has the ability to kill fungi and bacteria. Hence, it is extensively used in disinfectants. At the same time, it is utilized for treatment and purification of drinking water, swimming pools, and surgical instruments.
By application, the market is segregated into medical, textile industry, paper industry, water treatment, and others. Out of these, the paper industry segment earned 18.8% in terms of the sodium hypochlorite market share in 2020. This growth is attributable to the rising usage of this hypochlorite as a bleaching agent in the industry.