Sodium Hypochlorite Prices

Sodium Hypochlorite Prices December 2023

Sodium hypochlorite prices in the US remained consistent in the first month of the quarter, owing to increased demand in downstream industries. The prices increased in November as energy expenses rose. However, by the conclusion of the quarter's final month, product prices settled at 365 USD/MT as caustic soda costs decreased and available stock levels increased.

The sodium hypochlorite market in China witnessed a stable to slightly lower price trend, reaching 330 USD/MT by the end of December. Initially, the market saw a rebound due to the economic slowdown in China. However, the availability of ample reserves in the country contributed to its stability towards the end of Q4.

In the fourth quarter, Europe's market witnessed varied prices in sodium hypochlorite. The price trend for sodium hypochlorite in Europe for Q4 2023, reached 410 USD/MT in December. Prices were low in the first two months of the quarter due to weak downstream demand, surplus inventories, and geopolitical concerns. However, by December, the market started growing in certain locations because of the increasing energy and shipping expenses and rising seasonal demand for pool disinfection.

Sodium Hypochlorite Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Sodium Hypochlorite Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of sodium hypochlorite pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of sodium hypochlorite at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of sodium hypochlorite price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing sodium hypochlorite price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Sodium Hypochlorite Market Analysis

The global sodium hypochlorite market size reached US$ 290.7 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 445.9 Million, at a projected CAGR of 4.90% during 2023-2032.

• The growing concern about water quality and sanitation is driving the use of sodium hypochlorite in water treatment procedures, such as drinking water disinfection, wastewater treatment, and swimming pool sanitation. According to the latest data on access to clean water, hygiene, and sanitation by the WHO and UNICEF, 8 out of 10 people lack basic drinking water in rural areas, 3.6 billion people don’t have access to proper sanitation, and 2.3 billion people lack basic hygiene services. However, the data also suggest that statistics are improving considerably due to intervention by governments and internation bodies. In 2022, 59 countries achieved universal access to basic services. Beyond this, sanitation plays a huge role in a number of industries, such as the swimming pool construction industry, which is expected to reach US$ 9.7 Billion by 2032, thereby propelling the need for effective sanitation solutions like sodium hypochlorite.
• The demand for sodium hypochlorite has been driven by its use in the healthcare industry for disinfection purposes, such as medical equipment sterilization, surface cleaning in healthcare facilities, and infection prevention in hospitals. According to the European Center for Disease Prevention and Control, more than 3.5 million cases of healthcare-associated infections (HAIs) occur in the European Union and European Economic Area (EU/EEA). It causes more than 90 thousand deaths and also constitutes 71% of cases of infection with antibiotic-resistant bacteria.
• Sodium hypochlorite is also gaining popularity in the food and beverage (F&B) industry for cleaning food processing equipment, sanitizing food contact surfaces, and assuring food safety through pathogen elimination.
• The market share is also increasing as municipalities and industries require sodium hypochlorite for cleaning and sanitizing public areas, industrial equipment, and manufacturing facility surfaces.
• Sodium hypochlorite production has also witnessed a considerable surge due to rapid urbanization, industrialization, and population growth in emerging economies. According to the United Nations, it is projected that 68% of the global population will live in urban areas by 2050.
• Another factor driving sodium hypochlorite consumption across the globe is the growing imposition of government regulations that mandate water disinfection, sanitation standards in healthcare facilities, and food safety regulations.

Sodium Hypochlorite News

The report covers the latest developments, updates, and trends impacting the global sodium hypochlorite market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in sodium hypochlorite production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the sodium hypochlorite price trend.

Latest developments in the sodium hypochlorite industry:

• In December 2021, Hawkins Inc. acquired a company named NAPCO Chemical Company Inc., which manufactures and distributes chemicals for water treatment. In October 2023, Hawkins also announced that it has completed the acquisition of Water Solutions Unlimited, Inc. and has entered into a definitive agreement to acquire the assets of The Miami Products & Chemical Company. The acquisitions of Water Solutions and Miami Products will add over 90 employees to the Hawkins family and is expected to add $10 million in earnings before interest, taxes, depreciation and amortization within three years.
• In September 2020, Hindustan Unilever Limited launched a wide range of products under its subsidiary brands, such as Domex. It is their toilet cleaner brand that was introduced as a new formulation using sodium hypochlorite to reduce the chance of infection in public washrooms.
• OxyVinyls, the chemical division of Occidental Petroleum, in June 2022 planned a $1.1 billion expansion and modernization project at its chlor-alkali plant in La Porte, Texas. At that time, La Porte site was producing up to 527,800 mt/year of chlorine and 580,000 mt/year of caustic soda.

Product Description

Sodium hypochlorite (NaClO), frequently referred to as bleach or liquid bleach, is a chemical substance that is found as a light greenish-yellow dilute solution. It is formed by the reaction of chlorine gas with sodium hydroxide. Sodium hypochlorite has beneficial oxidizing characteristics and is efficient against a variety of bacteria.

It is employed in a wide range of applications, including water treatment, sanitation, domestic cleaning, textile bleaching, and food processing. Sodium hypochlorite has several advantages, including the ability to destroy germs, viruses, and algae, the effectiveness of removing stains and smells, and its low cost. Furthermore, it is valued for its quick action, simplicity of availability, compatibility with a broad range of materials, diversity in applications, and contribution to public health.

Regional Coverage

The report provides a detailed analysis of the sodium hypochlorite market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the sodium hypochlorite price trend.

Global Sodium Hypochlorite Price

The report offers a holistic view of the global sodium hypochlorite pricing trends in the form of sodium hypochlorite price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into sodium hypochlorite historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into sodium hypochlorite price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed sodium hypochlorite demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Sodium Hypochlorite Price

In Europe, the sodium hypochlorite market saw a mixed performance in the fourth quarter of 2023. The quarter began with a descending pricing trend due to weak demand in end-user sectors, excess inventories, and shifting caustic soda costs. The negative pricing trend continued in November, owing to severe logistics difficulties, changes in trade flow, and geopolitical uncertainty. By the conclusion of the quarter, sodium hypochlorite prices rose because of augmented pool disinfection demand as well as growing shipping and energy expenses.

This analysis can be extended to include detailed sodium hypochlorite price information for a comprehensive list of countries.

North America Sodium Hypochlorite Price

In North America, the sodium hypochlorite market experienced an inconsistent pricing pattern. In October, the market remained stable due to increased demand from the municipal water treatment industry. However, in November, the market varied and experienced fluctuations because of a variety of logistical problems and changing trade dynamics. Furthermore, the price trend declined towards the end of the quarter, owing to lower caustic soda prices and higher stock levels.

Specific sodium hypochlorite historical data within the United States and Canada can also be provided.

Middle East and Africa Sodium Hypochlorite Price

The report explores the sodium hypochlorite pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on sodium hypochlorite prices for countries can also be provided.

Asia Pacific Sodium Hypochlorite Price

Sodium hypochlorite prices in the Asia Pacific region showed a mixed trend in the fourth quarter of 2023. In some nations, the market for sodium hypochlorite fell, while in others, it rose or remained stable. The increased trend in Southeast Asia occurred due to heightened demand for swimming pool disinfection solutions, whereas China and India displayed a lower trend owing to the economic downturn.

This sodium hypochlorite price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Sodium Hypochlorite Price

The analysis of sodium hypochlorite prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of sodium hypochlorite pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting sodium hypochlorite price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The sodium hypochlorite price charts ensure our clients remain at the forefront of the industry.