Market Research Future (MRFR) asserts that the Global Bleaching Chemicals Market size is projected to grow at a sturdy CAGR during the forecast period (2016 to 2022). Bleaching chemicals are oxidizing and reducing agents used in various applications such as cosmetic & personal care, textile industry, household industry, food additive, pulp bleaching, water treatment, carpet industries, epidemic control, and aquaculture. This is exemplified by sodium hypochlorite, a chemical compound most widely used in chlorine bleach. The pulp and paper industry is one of the largest users of bleaching agents, using it to remove the color of the pulp. Adoption of bleaching agents for cosmetic and medical purposes can further boost the growth of the Global Bleaching Chemicals Market. Increasing demand for bleaching agents for water treatment solutions supports the growth of the market globally. Growing demand for water treatment also propels the market growth worldwide. In the healthcare sector, hydrogen peroxide is the most common bleaching agent.
However, health issues related to bleaching agents such as damage to skin, and eyes can potentially restrain the growth of the market. But on the other hand, stiff competition between the organized and unorganized sector can lead to greater innovation in the Bleaching Chemicals Market.
The Global Bleaching Chemicals Market is segmented on the basis of Type and Applications.
Based on Type, the market is segmented into chlorine, chlorine dioxide, sodium hypochlorite, calcium hypochlorite, sodium dichloroisocyanurate, and others. Chlorine dioxide is used in various applications such as wastewater treatment, food and beverage processing, algae control, oil well treatment, and cotton bleaching. Sodium hypochlorite is used extensively as a bleaching agent in the textile, detergents, and paper and pulp industries.
Based on Applications, the market is segmented into cosmetic and personal care, textile industry, household industry, food additive, pulp bleaching, and many others. Increasing demand for cosmetic and skincare products such as skin whitening products and anti-aging products fuel the growth of this market globally. The textile industry consumes bleaching chemicals for enhancing properties of fabrics such as fiber strength, luster, and dye affinity.
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Geographically, the Bleaching Chemicals Market is segmented into Asia Pacific, North America, Europe, and Rest-of-the-World.
Among all regions, Asia-Pacific dominates the Global Bleaching Chemicals Market. In this region, China is the largest consumer of bleaching chemicals. China, India, Malaysia, and Thailand are expected to witness immense market growth due to growing demand in cosmetic & personal care, textile industry, household industry, food additive, pulp bleaching, water treatment, and other applications. In addition, high incidence of water source contamination can induce growing demand for wastewater treatment solutions, thus leading to growing demand for bleaching chemicals. In addition, Bleaching Chemicals demand in pulp & paper industry in this region is increasing steadily, positively impacting the market.
North America and Europe are expected to experience sluggish growth due to strict regulations on production of Bleaching Chemicals. Rising environmental awareness and competition from multi-purpose cleaners hampers the Bleaching Chemicals Market growth in these regions. Regions such as Africa and the Middle East have banned cosmetic products containing bleaching chemicals. Government restrictions on bleaching chemicals can pose a threat to the market.
Key players of the Global Bleaching Chemicals are Akzo Nobel Eka (Netherlands), Neutron Industries (U.S.), Aditya Birla Chemicals (India), Arrow-Magnolia International, Inc. (U.S.), Ecolab G.K. (Japan), and others. Many competing companies focus on research and development in order to upgrade technology and capitalize on untapped potential markets in various industries. Various business strategies adopted by key vendors are partnerships, agreements, product launches, mergers and acquisition and many more.
Jack and Jones has partnered with textile chemicals specialist CHT Group to replace the use of potentially hazardous permanganate bleaches in the manufacture of its jeans with a new bleaching agent based on organic acids, organIQ BLEACH. By switching from potassium permanganate to the organIQ BLEACH system in spray bleaching, desired results are achieved ecologically without additional efforts. It is biodegradable, there is no contamination of wastewater, and it is a pure organic bleaching agent. This move will expenses for the company in the long run and attract consumers who prefer environment-friendly apparel.
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