Sodium Percarbonate Market- by Type (Coated, Uncoated, and Tablet), by Application (Detergent Agent, Cleaning Agent, Bleaching Agent, Water Treatment, and Others), by End Use (Household Cleaning, Laundry, Industrial Cleaning, Textile Industry, Chemical Industry, Papermaking Industry, Food Industry, and Others), and by Region - Forecast till 2030
ID: MRFR/CnM/0339-CR | 132 Pages | Author: Anshula Mandaokar | July 2017
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Sodium Percarbonate Market Overview
The Sodium Percarbonate Market is expected to grow at a higher CAGR of 8.24% to account for a larger market value of approximately USD 1981.2 million by the end of the forecasted period 2020-2030
A good source of hydrogen peroxide available in the form of powder or granules usually white-colored is sodium percarbonate. Its chemical formula is (2Na2CO3.3H2O2). It is observed that the sodium percarbonate is made by an additional reaction between hydrogen peroxide and carbonates of sodium available in the crystalline powder, commonly used as a cleaning agent. The sodium percarbonate has various properties like it is water-soluble, hygroscopic, and colorless and largely used in the laundry and cleaning industry and hence accelerates the growth of sodium percarbonate market in the global market. Owing to the presence of hydrogen peroxide in the formation, it has a wider scope in detergent and bleaching agent application.
COVID 19 Analysis
The situation of the global pandemic of COVID 19 has affected the normal working of people adversely. The outbreak of COVID 19 has pushed the economies towards forced recession. With the growing wave of COVID 19, now one has to deal with financial crises along with health concerns. Owing to the lockdown period and post lockdown period most of the manufacturing units of the sodium percarbonate market were closed down which resulted in a steep downfall in revenues. This global pandemic has also affected the distribution channels.
It is expected that the market will recover from this pandemic situation at the end of the second quarter of the coming year during the forecasted period.
Competitive Landscape
The most prominent major key players in the sodium percarbonate market in the global market are as follows:
- Solvay AG
- Evonik Industries AG
- OCI Peroxygens LLC
- Kemira Khimprom
- HOGYE HOLDING GROUP CORPORATION LIMITED
- JINKE Company Limited
- Jiangxi Boholy Chemicals Co., Ltd.
- Wuxi wanma Chemical Co., Ltd.
- Hodogaya Chemical Co., Ltd.
Market Dynamics
Drivers
The rise in the sodium percarbonate market in the global market. Owing to various applications of sodium percarbonate in cleaning products like laundry, dishwashing, and floor cleaning in households drives the sodium percarbonate industry in the global market. Another factor that drives the global market in the personal care industry, healthcare industry, and food industry accelerate the sodium percarbonate market in the global market.
Opportunities
The increasing growth of sodium percarbonate in the global market. The use of sodium percarbonate as a disinfectant owing to various antimicrobial properties present in the sodium percarbonate in the global market provides various growth opportunities during the forecasted period. Also, when oxygen, sodium carbonate, and water are integrated with sodium percarbonate are regarded as environment-friendly compounds. It is used as an eco-friendly bleaching agent and hence provides various growth opportunities in the global market.
Restraints
The sodium percarbonate industry is increasing rapidly in the global market but some factors restrict the growth of the global market. The increasing use of sodium percarbonate in all the applications of sodium percarbonate especially in skincare, personal care, and food industry may cause eyes irritation, skin irritation, and respiratory tract irritation hinders the growth of the sodium percarbonate market in the global market
Value Chain Analysis
The sodium percarbonate industry is increasing tremendously during the forecasted period owing to various benefits associated with the use of sodium percarbonate like it is safe to use. The use of sodium percarbonate in the bleaching agent, cleaning agent, laundry, personal care, and skincare products enhances the sodium percarbonate market in the global market as sodium percarbonate is an environmental-friendly ingredient.
Market Segmentation
The market for sodium percarbonate has been divided based on the type, application, and end-users.
Based on the Type
The global market has been divided based on the type into tablet type, coated type, and uncoated type.
Based on the Application
The market for sodium percarbonate has been divided based on the application into water treatment, bleaching agent, cleaning agent, detergent agent, and many others. The largest market share has been held by the detergent agent in the application division as it is expected to grow at a CAGR of 11.08% to account for a market share of approximately 48% more than the other agents during the forecasted period.
Based on the End-Users
The sodium percarbonate market in the global market has been divided based on the end-users into the food industry, paper making industry, chemical industry, textile industry, industrial cleaning, laundry, household cleaning, and many others.
Regional Analysis
The sodium percarbonate market in the global market has been divided based on the region into Asia-Pacific region, Latin American region, North American region, European region, and the Middle East and Africa region. The largest market share in the sodium percarbonate market in the global market is held by the European region owing to the growth of various industries like household, industrial cleaning, and laundry industry which accelerates the growth of the sodium percarbonate market in the global market and hence continues to dominate in the global market.
The second-largest market share in the sodium percarbonate market in the global market is held by the Asia-Pacific region owing to the increasing demand for sodium percarbonate in various countries like Japan, India, and China. The standard of living is another factor that drives the demand for sodium percarbonate in the Asia-Pacific region. The Middle East and African region are also showing a significant growth rate in the sodium percarbonate market in the global market owing to the increasing demand for cleaning agents and detergents. The North American region and the Latin American region also show a positive growth rate towards sodium percarbonate in the global market.
These most prominent major key players use various strategic strategies to capture the growing demand for sodium percarbonate in the global market. They do collaborations, mergers, and acquisitions, partnerships, establishing a new joint venture, expansion program, developing a new product, innovation in the production process to expand their customer base in the potential market of sodium percarbonate in the global market.
Recent Developments
April 2021- IISER scientists are experimenting with laundry chemicals to generate oxygen. The researchers selected simply available chemicals for the experiment to produce oxygen matching hospital needs treating Covid-19 patients.The rising Covid-19 cases across India with patients gasping for oxygen immediately put the research team at the Indian Institute of Science Education and Research (IISER), Pune, to work on an experimental prototype.The researchers Sunil Nair, Umakant Rapol, and Srinivas Hotha have a proof of concept for mobile oxygen-generating equipment ready. According to the team, the model can best be pressed in as a critical supply to patients in ambulances, hospitals, or even at homes, as per the requirement.The team began working with a laundry chemical, sodium percarbonate, usually used in soaps that blend hydrogen peroxide and sodium carbonate. The chemical reaction consequent of combining hydrogen peroxide and potassium permanganate release manganese-di-oxide, gave oxygen, potassium hydroxide, and water.In 2018, the sodium percarbonate production line has been planed to close by the Kemira Oyj at the end of the fourth quarter of the same year, and this decision affected the sales revenue of the coming year.In 2015, the sodium percarbonate production line was closed in Rosignano, Italy by the Solvay SA. But all the company still deals in manufacturing of sodium percarbonate through its Honningen, Germany plant in the global market.In September 2019, a new production capacity has been established at the Green River Site, Wyoming, United States that will increase the production of soda ash by 600 kilotonnes by Solvay SA to cater to the increasing demand in the global market.It is observed that the European region dominates the sodium percarbonate market in the global market with an expected growth rate of 41% owing to an increase in the production of sodium percarbonate in the global market. UK and Germany are the two countries that drive the European region.JINKE Limited Company is spending a huge amount in research and development to cater to the increasing demand for sodium percarbonate in the global market which will reward the company with increased sales revenue during the forecasted period.
Report Overview
This global sodium percarbonate market research report consists of the following elements:
- Market Overview
- COVID 19 Analysis
- Market Dynamics
- Value Chain Analysis
- Market Segmentation
- Regional Analysis
- Competitive Landscape
- Recent Developments
This global sodium percarbonate market research report consists of various factors that drive the growth of the sodium percarbonate market in the global market along with the factors that restrict the growth of the sodium percarbonate market in the global market. Various growth opportunities in the sodium percarbonate market in the global market during the forecasted period are mentioned along with the impact of the COVID 19 on the sodium percarbonate market. The future growth rate of the sodium percarbonate is estimated and mentioned.
User
Traders, and distributors of Sodium Percarbonate, sodium percarbonate manufacturers, potential investors, production process industries, raw material suppliers, and many others.
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2030: USD 1981.2 million |
| CAGR | 8.24% (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, application, and end-users |
| Geographies Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
| Key Vendors | Solvay AG, Evonik Industries AG, OCI Peroxygens LLC, Kemira, Khimprom, HOGYE HOLDING GROUP CORPORATION LIMITED, JINKE Company Limited., Jiangxi Boholy Chemical Co.,Ltd, Wuxi wanma chemical co.,ltd,, Hodogaya Chemical Co., Ltd. |
| Key Market Opportunities | The use of sodium percarbonate as a disinfectant owing to various antimicrobial properties present in the sodium percarbonate |
| Key Market Drivers | Cleaning products like laundry, dishwashing, and floor cleaning in households |
Frequently Asked Questions (FAQ) :
The sodium percarbonate market is expected to grow at a high CAGR of 8.24% in the global market.
The sodium percarbonate market is expected to account for a higher market share value of approximately USD 1981.2 million by the end of the forecasted period in the global market.
The largest market share in the sodium percarbonate market in the global market is held by the European region followed by the Asia-Pacific region, the Middle East, and the African region respectively.
Key Questions Answered
- ✅ Global Market Outlook
- ✅ In-depth analysis of global and regional trends
- ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
- ✅ To understand the capability of the major players based on products offered, financials, and strategies.
- ✅ Identify disrupting products, companies, and trends.
- ✅ To identify opportunities in the market.
- ✅ Analyze the key challenges in the market.
- ✅ Analyze the regional penetration of players, products, and services in the market.
- ✅ Comparison of major players’ financial performance.
- ✅ Evaluate strategies adopted by major players.
- ✅ Recommendations
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