PUBLISHER: Grand View Research | PRODUCT CODE: 1376220
PUBLISHER: Grand View Research | PRODUCT CODE: 1376220
The global bleaching agents market size is expected to reach USD 1,350.1 million by 2030, registering a CAGR of 5.4% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The growth of end-user industries, such as textiles, paper & pulp, food processing, and healthcare, is a major factor driving the growth of the market. Bleaching agents are chemically reactive and can break down chemical bonds in pigments, causing loss of color. They are primarily categorized as oxidizing or reducing based on their mechanism of action. The textile industry is a major end-user industry for bleaching agents. Major bleaching agents used in textile manufacturing include hydrogen peroxide, sodium hypochlorite, and sodium chlorite. They provide a base whiteness to the textile material for subsequent coloring with desired colors.
Oxidative agents are used for natural fibers, such as lines, jute, and wool, while reductive chemicals are used primarily for polyacrylates and polyamide. Governments in various countries are taking measures to develop their textile industry as a major source of exports. For instance, in August 2023, the government of India announced a grant in aid of up to 50 lakhs (USD 60,000) to promote innovation in the technical textiles segment. Under the scheme, the government will provide aid for up to a period of 18 months to promising startups selected after the submission of proposals through online portals. The textile ministry has aimed to support 100- 150 startups in the first phase of this scheme and will direct its focus to the niche segments of smart textiles, specialty fibers, and sustainable textiles.
The paper & pulp industry is another big consumer for the product, which is primarily used to increase the whiteness of the pulp. In most cases, oxidants, such as chlorine dioxide, calcium hypochlorite, hydrogen peroxide, and ozone, are used in chemical pulp-bleaching technologies. The growth of the e-commerce sector is increasing the opportunities for online stationery stores, which, in turn, is expected to help boost the sales of writing and printing paper products in the mid-term. The young demographic profile of countries, such as India and Bangladesh, with the government's continued emphasis on the education sector, is expected to help the paper industry in those nations. The product consumption in the production of paper is expected to increase in the mid to long term.
Europe is expected to register significant growth due to widespread applications in the region, such as wastewater treatment. Chlorine-based bleaching agents, such as sodium hypochlorite, are key components in these treatment processes. The European Union has enacted strict directives on the treatment of wastewater, such as the Urban Wastewater Treatment Directive enacted in 1991, which mandates the treatment of wastewater before its release in water bodies. In line with the directives, over 90% of urban wastewater is dealt with treatment processes before its release and the aim is to reduce water pollution by 365 thousand tonnes by 2040. The increasing scale of water treatment activities in the region is expected to drive consumption in the region.