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PUBLISHER: Verified Market Research | PRODUCT CODE: 1630027

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PUBLISHER: Verified Market Research | PRODUCT CODE: 1630027

Bleaching Agents Market By Type (Azodicarbonamide, Hydrogen Peroxide, Ascorbic Acid, Acetone Peroxide, Chlorine Dioxide), By Form (Powder, Liquid), By Application (Bakery Products, Flour, Cheese) & Region for 2024-2031

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Bleaching Agents Market Valuation - 2024-2031

The rise in the pulp and paper, textile, and food and beverage industries is bolstering the demand for bleaching agents. Also, the rise in disposable incomes and urbanization in the Asia Pacific region boosts the market demand for bleaching agents. The rising demand for bleach in various industries is estimated to help the bleaching agent market reach a valuation of USD 1300 Million over the forecast 2031, surpassing a market size of USD 860.74 Million valued in 2023.

The bleaching agent market is on the rise, adjusting to changing consumer demands and environmental regulations. This trend of widespread adoption of bleaching agents enables the market to grow at a CAGR of 5.29% from 2024 to 2031.

Bleaching Agents Market: Definition/ Overview

Bleaching agents, also called bleach or whitening agents, are chemicals that remove or lighten the color of the material. These chemicals achieve their effects by a variety of methods, including oxidation, reduction, and chemical reactions that change the structure of the chromophores that produce color. Chlorine-based compounds, such as sodium hypochlorite, are among the most popular bleaching agents and have long been employed in industries such as pulp and paper making.

Furthermore, they have many applications, including textile and paper bleaching, dental treatments, and water and food cleaning. Bleaching agents are used in the textile industry to prepare materials for dyeing while ensuring bright and colorfast results. The paper industry uses these compounds to bleach pulp, resulting in high-quality paper. In healthcare, particularly dental care, hydrogen peroxide-based bleaching solutions improve dental aesthetics. They also play important roles in water purification and food processing, which improves product quality and safety.

How will Sales of Textiles Act for the Bleaching Agents Market?

Growing demand for vibrant and long-lasting colors is encouraging textile manufacturers to use chemical products in their materials, thereby creating lucrative opportunities of growth for the Bleaching Agents Market. Thus, efficient bleaching is vital for establishing a clean and homogeneous base to let textiles absorb dyes properly and result in the manufacturing of high-quality, visually appealing fabrics. Thus, the textile industry's desire for vivid and colorfast materials is a driving force behind new bleaching agents.

Similarly, the growing demand for external beautification, such as a good smile, is increasing consciousness among people regarding their dental appearance. In response to this, there is a skyrocketing demand for whitening of teeth. As a result, dental bleaching agents, which are frequently based on hydrogen peroxide, are used to treat tooth discoloration, contributing to the overall growth of the Bleaching Agents Market.

Furthermore, manufacturers are investing in the development of alternatives that not only achieve effective bleaching outcomes but also address worldwide environmental concerns. This trend represents the overall shift toward greener and more sustainable methods, demonstrating a commitment to environmental responsibility and innovation. This creation and implementation of such eco-friendly solutions is strengthening the resilience and alignment of bleaching agents with changing consumer and regulatory demands.

Will Environmental Concerns Impact the Growth of the Market?

Some bleaching agents, particularly those containing chlorine, have been associated with health hazards such as breathing issues and skin irritation. This causes concern among consumers and healthcare professionals, potentially affecting market adoption and influencing a major barrier in the bleaching agent market.

Traditional bleaching solutions with higher chlorine-based contents are projected to lead to huge environmental consequences, such as the discharge of hazardous byproducts into water systems. This creates ecological concerns and has encouraged the sector to explore environmentally acceptable alternatives, which poses a significant challenge to the bleaching agent market.

Furthermore, alternative techniques and products claiming to achieve similar results without using standard bleaching agents constitute a competitive threat in this market. This competition necessitates the industry's attention on innovation, demonstrating the distinct advantages of traditional bleaching agents or developing hybrid solutions that combine the benefits of traditional and alternative technologies.

Category-Wise Acumens

What Factors Contribute To The Dominance Of The Hydrogen Peroxide Type Segment In The Market?

According to VMR analysis, the hydrogen peroxide segment is estimated to hold the largest market share in the market during the forecast period. A confluence of factors such as its versatility, eco-friendly characteristics, safety profile, efficacy in achieving color fastness, and alignment with market and regulatory trends play a crucial role in enhancing the application of hydrogen peroxide.

In addition to this, its highly flexible nature renders it adaptable to range procedures and products, thereby increasing its range of application. Its capacity to oxidize and degrade color-producing molecules makes it appropriate for a variety of materials, including textiles, paper, and even dentistry uses. Thus, its versatility is widely increasing its use in a variety of industries in the market.

Furthermore, the eco-friendly nature of hydrogen peroxide compared to the classic chlorine-based bleaching solutions will offer higher prospects of growth. It decomposes into water and oxygen, reducing the generation of toxic byproducts. The growing emphasis on sustainability and eco-friendly procedures in industry has led to a greater demand for hydrogen peroxide leading to its dominance in the bleaching agent market.

What Propels the Need for Powder Form Of Bleaching Agents?

The powder form segment is estimated to dominate the Bleaching Agents Market during the forecast period. The cost-effectiveness, longer shelf-life, easy storage, and adaptability are primary advantages boosting the application of powder form in different industries in need of bleaching agents.

Powdered bleaching agents are more stable and have a longer shelf life than their liquid counterparts. This stability guarantees that the product retains its effectiveness over time, making it a preferred choice for both manufacturers and end users, and it also solidifies its market dominance.

Furthermore, powdered bleaching agents provide accurate dosage control during the manufacturing process. This accuracy is crucial in industries such as textiles and food processing, where precise concentrations are required for optimal results. The higher control over the amount used in powdered versions is likely to enhance its demand than its counterparts, propelling the growth of the Bleaching Agents Market.

Country/Region-wise Acumens

How Does the Asia Pacific Retain Its Dominance in the Global Bleaching Agents Market?

According to VMR Analyst, Asia Pacific is estimated to dominate the Bleaching Agents Market during the forecast period. Growing need for food, clothing, and shelter in heavily populated countries such as China, India, South Korea, and others is bolstering the application of dyes, food coloring agents, and bleaching agents. This rising demand for food and clothing is likely to increase the use of bleaching agents in the textile and food and beverages industries in the region.

Growing focus on environmental concerns and supportive government policies and initiatives are upsurging the use of environmentally friendly, organic bleaching agents. The = strategic position in important industries, as well as its proactive approach to technical innovation, also contribute to the global market leadership.

The growing population in equilibrium with rising consumerism, fuels demand for a wide range of end-use products, including textiles, paper, and personal care items. The increase in utilization has a direct impact on the demand for effective bleaching methods in the Asian Pacific.

Furthermore, Asia Pacific faces water quality concerns that necessitate the use of strong water treatment methods. As a result, bleaching agents are essential in water purification, which drives the region's need for these chemicals in municipal and industrial water treatment facilities and contributes to the region's dominance.

What Influences the Steady Expansion of the Bleaching Agents Market in North America?

The bleaching agent market in North America North America is driven by a strong textile, healthcare, and food and beverage sector. This rising demand for healthcare and consumer-centric products is projecting to an increase in innovations in bleaching agent technology . Additionally, North America has a vibrant textile sector, with a strong demand for high-quality, colorfast materials. Thus, bleaching agents are used to achieve desired colors and also to ensure fabric quality, driving demand in the region.

The healthcare system, particularly in the United States and Canada, has seen an increase in demand for dental aesthetics and cosmetic dentistry. As a result, bleaching agents play an important part in teeth-whitening processes, helping fuel the growth of Bleaching Agents Market.

Furthermore, collaboration among important industry players and research institutions in North America is driving innovation in bleaching agent technologies. These strategic relationships are aimed at generating modern and ecologically friendly solutions, which will help the area gain importance in the worldwide market.

Competitive Landscape

The Bleaching Agents Market has a dynamic and diverse set of manufacturers competing for market share. These participants are fiercely competitive as they work to create and supply innovative bleaching solutions to fulfil the changing needs of various sectors. The market is characterized by a persistent push for research and development to improve product efficacy, reduce environmental impact, and meet changing regulatory criteria.

Some of the prominent players operating in the Bleaching Agents Market include:

Solvay

Arkema

DuPont de Nemours, Inc.

BASF SE

Dow Chemical Company

FMC Corporation

Nalco Holding Company

Evonik Industries AG

Lanxess AG

Olin Corporation

Kuraray Co., Ltd.

PeroxyChem LLC

Asahi Kasei Corporation

Tokuyama Corporation

Huntsman Corporation

Westlake Chemical Corporation

Ichimoku Kiko Co., Ltd.

Godrej Industries Limited

Tata Chemicals Limited

Grasim Industries Limited

Latest Developments

Bleaching Agents Market Key Developments And Mergers

In January 2024, Solvay and INEOS Styrolution announced a collaboration to create a more sustainable styrene monomer production method. This partnership will focus on developing a new bleaching procedure that uses hydrogen peroxide rather than standard chlorine-based approaches. This might greatly reduce the environmental impact of styrene monomer synthesis.

In December 2023, Arkema strengthened its foothold in the hydrogen peroxide market by the acquisition of PeroxyChem. With this acquisition, Arkema will become the world's second-largest manufacturer of hydrogen peroxide, a critical bleaching chemical used in a wide range of sectors.

In November 2023, DuPont de Nemours announced its intentions to invest $300 million in a new hydrogen peroxide production facility. DuPont will use this investment to address the expanding demand for hydrogen peroxide in the bleaching agent market.

In September 2023, Dow Chemical Company and Nalco Holding Company established a partnership to research new water treatment technology. This collaboration will focus on developing new solutions to reduce the usage of bleaching agents in industrial water treatment applications.

Bleaching Agents Market, By Category

  • Type:
  • Azodicarbonamide
  • Hydrogen Peroxide
  • Ascorbic Acid
  • Acetone Peroxide
  • Chlorine Dioxide
  • Others
  • Form:
  • Powder
  • Liquid
  • Application:
  • Bakery Products
  • Flour
  • Cheese
  • Others (Sugar, Candies, Caramel)
  • Region:
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa
Product Code: 8530

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL BLEACHING AGENTS MARKET

  • 1.1 Overview of the Market
  • 1.2 Scope of Report
  • 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

  • 3.1 Data Mining
  • 3.2 Validation
  • 3.3 Primary Interviews
  • 3.4 List of Data Sources

4 GLOBAL BLEACHING AGENTS MARKET OUTLOOK

  • 4.1 Overview
  • 4.2 Market Dynamics
    • 4.2.1 Drivers
    • 4.2.2 Restraints
    • 4.2.3 Opportunities
  • 4.3 Porters Five Force Model
  • 4.4 Value Chain Analysis
  • 4.5 Regulatory Framework

5 GLOBAL BLEACHING AGENTS MARKET, BY TYPE

  • 5.1 Overview
  • 5.2 Azodicarbonamide
  • 5.3 Hydrogen Peroxide
  • 5.4 Ascorbic Acid
  • 5.5 Acetone Peroxide
  • 5.6 Chlorine Dioxide
  • 5.7 Others

6 GLOBAL BLEACHING AGENTS MARKET, BY FORM

  • 6.1 Overview
  • 6.2 Powder
  • 6.3 Liquid

7 GLOBAL BLEACHING AGENTS MARKET, BY APPLICATION

  • 7.1 Overview
  • 7.2 Bakery Products
  • 7.3 Flour
  • 7.4 Cheese
  • 7.5 Others (Sugar, Candies, Caramel)

8 GLOBAL BLEACHING AGENTS MARKET, BY GEOGRAPHY

  • 8.1 Overview
  • 8.2 North America
    • 8.2.1 U.S.
    • 8.2.2 Canada
    • 8.2.3 Mexico
  • 8.3 Europe
    • 8.3.1 Germany
    • 8.3.2 U.K.
    • 8.3.3 France
    • 8.3.4 Rest of Europe
  • 8.4 Asia Pacific
    • 8.4.1 China
    • 8.4.2 Japan
    • 8.4.3 India
    • 8.4.4 Rest of Asia Pacific
  • 8.5 Rest of the World
    • 8.5.1 Latin America
    • 8.5.2 Middle East and Africa

9 GLOBAL BLEACHING AGENTS MARKET COMPETITIVE LANDSCAPE

  • 9.1 Overview
  • 9.2 Company Market ranking
  • 9.3 Vendor Landscape
  • 9.4 Key Development Strategies

10 COMPANY PROFILES

  • 10.1 Solvay
    • 10.1.1 Overview
    • 10.1.2 Financial Performance
    • 10.1.3 Product Outlook
    • 10.1.4 Key Developments
  • 10.2 Arkema
    • 10.2.1 Overview
    • 10.2.2 Financial Performance
    • 10.2.3 Product Outlook
    • 10.2.4 Key Developments
  • 10.3 DuPont de Nemours, Inc.
    • 10.3.1 Overview
    • 10.3.2 Financial Performance
    • 10.3.3 Product Outlook
    • 10.3.4 Key Developments
  • 10.4 BASF SE
    • 10.4.1 Overview
    • 10.4.2 Financial Performance
    • 10.4.3 Product Outlook
    • 10.4.4 Key Developments
  • 10.5 Dow Chemical Company
    • 10.5.1 Overview
    • 10.5.2 Financial Performance
    • 10.5.3 Product Outlook
    • 10.5.4 Key Developments
  • 10.6 FMC Corporation
    • 10.6.1 Overview
    • 10.6.2 Financial Performance
    • 10.6.3 Product Outlook
    • 10.6.4 Key Developments
  • 10.7 Nalco Holding Company
    • 10.7.1 Overview
    • 10.7.2 Financial Performance
    • 10.7.3 Product Outlook
    • 10.7.4 Key Developments
  • 10.8 Evonik Industries AG
    • 10.8.1 Overview
    • 10.8.2 Financial Performance
    • 10.8.3 Product Outlook
    • 10.8.4 Key Developments
  • 10.9 Lanxess AG
    • 10.9.1 Overview
    • 10.9.2 Financial Performance
    • 10.9.3 Product Outlook
    • 10.9.4 Key Developments
  • 10.10 Olin Corporation
    • 10.10.1 Overview
    • 10.10.2 Financial Performance
    • 10.10.3 Product Outlook
    • 10.10.4 Key Developments

11 KEY DEVELOPMENTS

  • 11.1 Product Launches/Developments
  • 11.2 Mergers and Acquisitions
  • 11.3 Business Expansions
  • 11.4 Partnerships and Collaborations

12 APPENDIX

  • 12.1 Related Research
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