Calcium Hypochlorite Market to Reach a Value of US$ 6 Bn By 2026Posted by pranav suryawanshi on September 26th, 2019 The global calcium hypochlorite market was valued at around US$ 5 Bn in 2016 and is anticipated to expand at a CAGR of more than 3% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Calcium Hypochlorite – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ Expansion in the global calcium hypochlorite market is driven by the rise in demand for fresh water and increase in demand for calcium hypochlorite in pulp & paper applications. The calcium hypochlorite market in Asia Pacific is anticipated to expand at a CAGR of around 4% during the forecast period. Rapid urbanization in developing economies such as China and India is estimated to propel the calcium hypochlorite market in the region.
According to the World Bank, in 2016, 783 million people across the globe lacked access to safe drinking water, 2.5 billion people lacked adequate sanitization, and large percentage of hospital beds were populated by people afflicted with waterborne diseases. At the current rate, 90% of all available freshwater is projected to be consumed in the next 25 years. Consequently, desalination and water reuse is likely to become a vital source of freshwater. Currently, more than 16,000 desalination plants are operational in at least 140 countries in the world. The information Presented in this Review is Based on Press-Release by TMR
In terms of form, the calcium hypochlorite market can be segmented into powder, pellet, and granule. The powder segment is anticipated to account for the major share of the market in terms of volume in the near future owing to the cost effectiveness of the powder form with respect to other forms. For Detailed Research & Advisory Services Visit Eminent Advisors Like it? Share it! More by this author |