Bleach Precursor Market Size is Set to Reach US$ 428.4 Million at a CAGR of 2.3% By 2034 | Fact.MR
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Bleach precursors are ingredients used during the manufacturing process of bleach, a powerful oxidizing agent used in diverse sectors. The rise in the use of cleaning agents and disinfectants has driven the demand for bleach precursors in sectors such as textiles and water treatment plants, among others.
Growing environmental concerns are also driving a movement in the market toward eco-friendly alternatives. Over the past ten years, the market has grown steadily due to the rising demand for disinfectants with a chlorine base. Companies that have controlled the market are OxyChem and Solvay. With more than 24.2% of the market share, the laundry detergent industry is the leading end user of bleach precursors.
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Key Takeaways from the Bleach Precursor Market Study:
"North America and East Asia will be key markets for bleach precursors, together accounting for around half of worldwide sales," says a Fact.MR analyst.
Leading Players Driving Innovation in the Bleach Precursor Market:
Key industry participants like DuPont, FutureFuel Corp, The Lubrizol Corporation, WeylChem Wiesbaden GmbH, Delamine B.V., Evonik Catalysts, Nease Performance Chemicals, AK ChemTek Co. Ltd., BASF OxyChem, and Solvay are driving the bleach precursor industry.
Bleach Precursor Industry News:
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Market Development:
The market for bleach precursors is projected to expand steadily due to rising consumer demand for environment-friendly substitutes. To develop new products and technologies, companies such as OxyChem and Solvay are investing in research and development.
More Valuable Insights:
Fact.MR, in its new offering, presents an unbiased analysis of the global bleach precursor market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights based on product type (methylene chloride, methylene chloride, trichloroethylene) and end use (laundry detergents, household cleaners, dishwashing, paper & pulp, textiles), across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East & Africa).
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