Sodium Percarbonate Market Size, Regional Trends and Opportunities, Revenue Analysis, For 2023–2030
Sodium Percarbonate Market report also sheds light on the supply chains and the changes in the trends of the upstream raw materials and downstream distributors.
The anticipated compound annual growth rate (CAGR) for the global sodium percarbonate market is expected to be stable during the projected period. The growth in revenue for the sodium percarbonate market is primarily attributed to various factors, including the rising demand for hygienic and detergent products in response to the ongoing pandemic and the increasing need to treat sewage and industrial wastewater in order to address the ongoing water scarcity issue.
Sodium percarbonate is a chemical compound produced by gradually combining sodium peroxide with extremely cold absolute alcohol. When dissolved in water, it quickly releases sodium carbonate and hydrogen peroxide. This highly concentrated powder is effective in eliminating a wide range of germs, mold, dirt, and fungi, making it commonly used in household cleaners such as laundry detergents and deodorizing products. Its versatility allows it to be employed for various cleaning tasks both indoors, such as in kitchens, bathrooms, and on tiles, as well as outdoors. Furthermore, it serves as an excellent ingredient for laundry purposes due to its bleaching properties, which is why it is frequently found in stain removers and textile bleaching products.
There are several advantages to using sodium percarbonate throughout the household, including its convenient storage and affordability. As a powder, it can be utilized independently to scrub away stains and imperfections, or it can be mixed into a paste or solution for tackling additional cleaning tasks. Moreover, sodium percarbonate is considered more environmentally friendly compared to certain alternative options.
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Major Companies in the Market Include:
- Solvay AG (Belgium)
- Evonik Industries AG (Germany)
- OCI Peroxygens LLC (U.S.)
- Kemira Chemicals (Finland)
- Hogye Holding Group Co. Ltd. (China)
- TATA Chemicals Ltd. (India)
- Jiangxi Boholy Chemicals Co. Ltd. (China)
- Wuxi Wanma Chemical Co. Ltd. (China)
- Hodogaya Chemical Co. Ltd. (Japan)
- AG Chem Group, s.r.o (Czech Republic)
Factors Influencing the Sodium Percarbonate Market
The sodium percarbonate market is influenced by various factors that impact its growth and development. These factors play a significant role in shaping the market dynamics and determining its future prospects. Here are some of the key factors affecting the sodium percarbonate market:
- Increasing Demand for Hygienic and Detergent Products: The rising demand for products related to hygiene and detergents is a crucial factor driving the growth of the sodium percarbonate market. As consumers become more conscious about cleanliness and sanitation, the demand for effective cleaning agents, including sodium percarbonate-based products, is on the rise.
- Countermeasure to the Ongoing Pandemic: The ongoing COVID-19 pandemic has further intensified the demand for hygienic and disinfectant products. Sodium percarbonate, with its strong antimicrobial properties, has gained prominence as a key ingredient in sanitizing and cleaning solutions, contributing to the growth of the market.
- Need for Sewage and Wastewater Treatment: With the increasing scarcity of water resources, the need for effective sewage and industrial wastewater treatment has become imperative. Sodium percarbonate is widely utilized for its ability to treat and purify water by removing contaminants and disinfecting the water supply. This has led to a higher demand for sodium percarbonate in the water treatment sector.
- Environmental Concerns and Sustainable Solutions: Sodium percarbonate is considered to be a more environmentally friendly alternative compared to certain chemicals. Its biodegradable nature and lower environmental impact make it a preferred choice for consumers who prioritize sustainability. The growing awareness and demand for eco-friendly solutions have positively influenced the sodium percarbonate market.
- Bleaching and Cleaning Applications: Sodium percarbonate’s excellent bleaching and cleaning properties make it a versatile ingredient in various applications. It is widely used in laundry detergents, stain removers, and textile bleaching products. The demand for such products in households, commercial sectors, and industries contributes to the growth of the sodium percarbonate market.
Overall, the sodium percarbonate market is driven by the increasing demand for hygienic products, the need for water treatment solutions, environmental concerns, and its versatile applications in cleaning and bleaching. These factors collectively shape the market trends and present opportunities for growth in the sodium percarbonate industry.
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The global sodium percarbonate market has been segmented as follows:
Type Outlook (Revenue, USD Billion; 2019-2030)
Application/End-use Outlook (Revenue, USD Billion; 2019-2030)
- Household Cleaning
- Industrial Cleaning
- Textile Industry
- Chemical Industry
- Food Industry
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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