Sodium Percarbonate Market
Sodium Percarbonate Market - By Type, By Application & Global Region - Market Size, Trends, Opportunity, Forecast 2021-2026Request Sample Request Discount
The sodium percarbonate is a white colored salt in powder or granules and is considered an exceptional source of hydrogen peroxide. It is manufactured by reacting sodium carbonate with hydrogen peroxide and further crystallizing the mixture. Hence, whenever the sodium percarbonate is dissolved into the water, it releases hydrogen peroxide and serve as an oxidizer. It is the oxidizing and bleaching agent normally used in household cleaning products. In addition, it is often used in tooth whitening products and toothpaste, as well as in crop production to prevent moss and algae.
The market for sodium percarbonate is expected to reach rise at a CAGR of 10.3 percent during the forecast period. The rising demand for eco-friendly deodorants and bleaches fuels growth of the sodium percarbonate market.
A growing number of applications of sodium percarbonate in cleaning products such as dishwashing, laundry, and floor cleaning in the home & personal care industry and healthcare & food industry significantly drive the sodium percarbonate market. In addition to this, the sodium percarbonate is experiencing wide range of applications in baby products as it is effective in removing stubborn stains. Also, textile industry has extensively been using sodium percarbonate to drive pre-treatment of textiles and obtain white clean fabric. This factor is further anticipated to push the market growth in upcoming years as the demand for textiles continuing to increase. Furthermore, sodium percarbonate gets disintegrated into water, oxygen, and sodium carbonate after decomposition. The aforementioned compounds are the environmentally safe. Thus, as compared with other bleaching agents such as chlorine, sodium percarbonate is an ecofriendly bleaching agent. This factor further propels growth of the market.
Moreover, the sodium percarbonate is increasingly being used in the applications such as personal care, skincare, and food industry; however, it may cause skin irritation, eye irritation, respiratory tract irritation, and restraining growth the market to some extent during forecast period. On the other hand, rise in use of sodium percarbonate as a disinfectant due to its several antimicrobial properties creates lucrative growth opportunities for the market.
Furthermore, COVID-19 pandemic disrupting the global economy since its advent. Therefore, sodium percarbonate market too is anticipated to be affected due to imposition of regulations and lower trade volumes. In addition, the number of manufacturing units of the sodium percarbonate were closed down during the pandemic resulting in a steep downfall in revenues, leading to the slight decline in the market growth in the year 2020.
Throughout the forecast period, uncoated type will continue to hold a dominant share of the global market, on the basis of type. However, the coated segment is anticipated to witness highest growth rate during the forecast period. This is due to the need for long-term storage in manifold of end-use industries. In addition to this, textile and laundry industries are expected to witness huge demand for coated sodium percarbonate during the forecast period.
According to the application, the laundry & dishwashing detergent segment is expected to hold a dominant global market share. This is attributed to the rising popularity of bleach or detergent compositions formulated with sodium percarbonate, as they have a strong stain removal capability. In addition, it is effective as a laundry pre-soak for heavily stained detergents. However, the water treatment segment is projected to grow at highest growth rate, which in turn propels the sodium percarbonate market in the upcoming years. This is due to the fact that the sodium percarbonate is the water disinfectant which easily decomposes. Also, it can be used in both organic and conventional aquaculture production systems. This is projected to propel demand of sodium percarbonate in water treatment applications over the forecast period.
SODIUM PERCARBONATE MARKET SEGMENTATION:
- Laundry & Dishwashing Detergent
- Water Treatment
- Organic Synthesis
- Bleaching Agent
- Others (Pesticide, Disinfectant, and Others)
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Europe region has dominated the global sodium percarbonate market in 2019, followed by North America and is likely to be the most profitable region throughout forecast period. This is mainly due to growing personal care and home industry in the region. For instance, as per the study by International Association for Soaps, Detergents, and Maintenance Products (A.I.S.E.), the Activity & Sustainability Report 2018-19 in 2019, in Europe, professional cleaning & hygiene and household care sector was valued at about $40.84 billion in 2018, it was increased from $39.95 billion in 2017.
In addition, the water treatment application is anticipated to drive strong growth in North America and Europe. Also, the strict regulations about water treatment in Europe and the growing concerns such as led-infested water reservoirs across North America are anticipated to propel the market's growth during forecast period considerably.
Further, Asia-Pacific region is expected to witness highest growth rate during the forecast period. This is due to surge in demand for cleaning products. Growth in this region is mainly driven by growing applications of sodium percarbonate in the countries such as China, India, and other ASEAN countries.
FEW KEY PLAYERS IN SODIUM PERCARBONATE MARKET:
- Solvay AG
- Evonik Industries AG
- Jiangxi Boholy Chemicals Co., Ltd.
- OCI Peroxygens LLC
- Wuxi wanma Chemical Co., Ltd.
- Kemira Khimprom
- HOGYE HOLDING GROUP CORPORATION LIMITED
- JINKE Company Limited
- Hodogaya Chemical Co., Ltd.
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