The global sodium percarbonate market was valued US$ 2.50 Bn and is expected to reach US$ XX Bn by 2027, at a CAGR of 9.23% during the forecast period.
Demand for high quality bleaching agent in cleaning and bleaching agent in laundry and home cleaning across the globe is contributing to the market demand; roughly 40 to 45% of market share is acquired by home cleaning products.
Sodium percarbonate is a crystalline, colorless and water insoluble powder commonly used for cleaning purpose. Sodium percarbonate is available as coated, uncoated and tablet form. As it is composed of sodium carbonate and hydrogen peroxide is showing broad range of application in numerous growing sector such as cleaning agent, detergent, bleaching agent; further getting utilised in expanding end-user including chemical industries, laundry, household cleaning, food industries, and more.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
Market Drivers and Restraints:
Technological advancement and development in the technique of manufacturing in developed and developing countries are driving the growth of sodium percarbonate market globally. Sodium percarbonate have broad applications in the production of paper making, textiles, household cleaning products, detergents which will increase the market demand in near future. Increasing disposable income, rapid urbanization and changing lifestyle, have increased the trend of stylish outfit amongst the growing population which is estimated to boost up the sodium percarbonate market. Similarly, trend towards personal hygiene and increasing use of consumer products which contain sodium percarbonate is assessed to drive the sodium percarbonate market. Also, antiseptic application of the product from pharmaceutical sector is expected to record noticeable growth, where sodium percarbonate is broadly utilised covering market value with significant growth of XX Bn.
However, limitations of raw materials and side effect after application is negatively influencing the sodium percarbonate market growth. On the other hand, presence of substitutes in the market is estimated to pull the market growth in the coming years.
Sodium Percarbonate Market Segment analysis:
By application segment, detergents agent sub-segment is expected to dominate the sodium percarbonate market during the forecast years. Since laundry cleaning market have extensively played a vital role and attracting the applicant to use the sodium percarbonate based products, have shaped the changes that have occurred in surfactant technology over the base year. Laundry detergents have influenced the surfactant industry, further driving productivity of the market for surfactants such as sodium lauryl ether sulfate. The sodium lauryl ether sulfate market was valued at approximately US$ 1.4 Bn in 2019, owing to the increasing consumer demand for detergents and personal care product. Virtually, 45% of market is acquired by detergent and cleaner segment.
Sodium Percarbonate Market Regional Analysis:
Regionally, Asia Pacific is expected to dominate the sodium percarbonate Market with an expected growth rate of XX % during the forecast period. Advancement in machinery in Asia Pacific region is boosting the market growth, especially India and China have documented as the major contributor as awareness toward personal hygiene in this region is very high thus, helping in market growth. In 2019, market size was valued US$ XX Bn while in India market size was valued XX Bn and expected to increase by US$ XX Bn in the coming years. In 2019, approximately 40% of market is acquired by Asia Pacific region and expected to grow constantly in future.
The objective of the report is to present a comprehensive analysis of the Global Sodium Percarbonate Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Sodium Percarbonate Market dynamics, structure by analysing the market segments and project the Global Sodium Percarbonate Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Sodium Percarbonate Market make the report investor’s guide.
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Scope of Sodium Percarbonate Market
Global Sodium Percarbonate Market, By Type
Global Sodium Percarbonate Market, By Application
• Detergent Agent
• Cleaning Agent
• Bleaching Agent
• Water Treatment
Global Sodium Percarbonate Market, By End-Use
• Papermaking Industry
• Household Cleaning
• Industrial Cleaning
• Textile Industry
• Chemical Industry
• Food Industry
Global Sodium Percarbonate Market, By Region
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Sodium Percarbonate Market,
• HOGYE HOLDING GROUP CORPORATION LIMITE
• JINKE Company Limited
• Jiangxi Boholy Chemical Co, Ltd
• Wuxi wanma chemical co.,ltd
• Shangyu Jiehua Chemical
• Meryer Chemical Technology
• Hodogaya Chemical Co. Ltd
• Evonik Industries AG
• OCI Peroxygens LLC
• Yongtai Chemical
• Solvay AG
Browse Full Report with Facts and Figures of Sodium Percarbonate Market Report at: https://www.maximizemarketresearch.com/market-report/global-sodium-percarbonate-market/71450/
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Vikas Godage
Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: [email protected]
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