The consumption of bleach is high across various regions due to its deep penetration in the consumer market through different products. Oxidizing bleaching agents constitute an important portion of bleaching agents. Chlorine as a bleaching agent is being substituted with other safer options such as hydrogen peroxide and chlorine dioxide. Moreover, the pulp and paper industry is moving towards using Total Chlorine Free (TCF) bleaching. Industrial bleaching agents are of high concern as the use of elemental chlorine produces organic pollutants and are also resulting in the respiratory risk.
The sodium hypochlorite bleaching agent is one of the highly preferred bleaching agents for water treatment as compared to chlorine. However, health risk associated with bleach such as damage to lungs, skin, stomach, and eyes are acting as a restraint in the bleaching agent market. Moreover, increasing regulations on the usage of bleaching agents in various countries are also emerging as a challenge for the global market for bleaching agent.
As per the report by Transparency Market Research (TMR), the global market for bleaching agent is likely to showcase sluggish growth, registering 3.6% CAGR between 2017 and 2026. The global market for bleaching agent is also projected to bring in 1,232,016 tonnes by 2026 end.
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Chlorine Based Bleaching Agent- Top-Selling Product
Compared to the peroxide based bleaching agent, chlorine based bleaching agent is likely to emerge as one of the top-selling products in the global market for bleaching agent. By 2026 end, chlorine based bleaching agent is projected to surpass 652, 300 tonnes. Chlorine is being used on a large scale to produce calcium and sodium hypochlorites. It is used largely as a disinfectant in wastewater treatment, especially in drinking water and in swimming pool. Chlorine is also extensively used as a bleaching agent for wood pulp that can be used in manufacturing printing and writing paper.
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Bleaching Agent to Find Largest Application in Manufacturing Pulp & Paper
Among various uses of bleaching agent, it is likely to find the largest application in the pulp & paper. Pulp & paper is projected to create an incremental opportunity of more than 10,900 tonnes between 2017 and 2026. Chlorine and sodium borohydride bleaching agents are commercially used in bleaching pulp and paper. Chlorine is largely used as a bleaching agent in pulp and paper industry. However, there has been an increasing focus on safety concerns due to the use of chlorine in the industry in the recent years.
APEJ to Reflect Highest Market Value in the Global Market for Bleaching Agent between 2017 and 2026
Asia Pacific Excluding Japan (APEJ) is likely to gain the highest share in terms of revenue in the global market for bleaching agent. Owing to the growth in various industries including household cleaner manufacturers, pulp and paper industry, textile, etc., the bleaching agent market is likely to witness growth in APEJ. Meanwhile, Europe and North America are also likely to witness growth in the coming years. The government in various countries are also focusing on introducing various regulations on the use of bleaching agents in manufacturing various products.
Competitive Landscape
Some of the major players in the global market for bleaching agent are Ashland, Hawkins, Inc., Christeyns, Unilever, Arkema, Aditya Birla Chemicals, Spartan Chemical Company, The Procter & Gamble Company, Shandong Huatai Interox Chemical, The Clorox Company, Novozymes, DuPont, S.C.Johnson & Son, Merck, Dow Chemicals, Evonik, Clariant, AkzoNobel, Colgate-Palmolive Company, and BASF.
