Bleaching Agent Market, By Product Type (Chlorine Based, Peroxide Based and Others), By Application (Pulp and Paper, Textile, Construction, Electrical and Electronics, Homecare, Healthcare, and Other), and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2030

The market for bleaching agents was valued at US$805.3 million in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 5.3% to reach US$1344.49 million by 2030.

Chemicals called bleaching agents are employed in lighting, bleaching, and whitening processes. Through various chemical reactions, these agents are also used in the textile industry to render a substance colorless. The most widely used bleaching agent in the textile industry is sodium hypochlorite. Usually, bleaching reactions involve oxidative or reductive processes, which aid in the fading of color. Because bleaching agents are also potent fungicides and bactericides, they are also used to disinfect water. In the healthcare industry, hydrogen peroxide is the most preferred bleaching agent. Bleaching agents come in two varieties: those based on oxygen and those based on chlorine. Bleaching agents that oxidize typically rely on peroxides, including sodium percarbonate, hydrogen peroxide, and sodium perborate.