The sodium percarbonate market is forecasted to reach a value of $595.3 million by 2022 and is expected to exhibit a compound annual growth rate (CAGR) of 3.1%, reaching $807.8 million by the conclusion of 2032.
The global sodium percarbonate market is set for substantial expansion in the forthcoming years. Sodium percarbonate, often referred to as oxygen bleach or solid hydrogen peroxide, is a chemical compound with a broad spectrum of applications. As an eco-friendly substitute for traditional bleach, it has gained increasing popularity across various industries. Market experts anticipate significant growth in the sodium percarbonate market owing to its versatility, environmental advantages, and the escalating demand for sustainable cleaning solutions.
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Market Trends:
Rising Environmental Consciousness: Heightened awareness of environmental issues is fueling the demand for cleaning and bleaching agents with eco-friendly attributes. Sodium percarbonate, recognized for its sustainability, decomposes into water, oxygen, and soda ash without leaving harmful residues. This environmental friendliness is propelling its adoption in both household and industrial cleaning products.
Integral Role in Laundry Detergents: Sodium percarbonate serves as a crucial component in numerous laundry detergents, effectively eliminating stains and brightening whites without resorting to chlorine bleach. As the global laundry industry expands, there is an anticipated surge in demand for sodium percarbonate within this sector.
Water Treatment Applications: The use of sodium percarbonate in water treatment, especially for the removal of organic contaminants and disinfection of drinking water, is on the rise. With increasing concerns about water pollution, there is a growing need for efficient and environmentally sustainable water treatment solutions, thereby contributing to the market’s growth.
Significant Presence in Paper and Textile Industries: Within the paper and textile sectors, sodium percarbonate functions as a bleaching agent for pulp and fabrics. As these industries continue to grow, the demand for sodium percarbonate is expected to remain robust.
Asia-Pacific Leadership: The sodium percarbonate market is prominently driven by the Asia-Pacific region, spearheaded by China. The region’s burgeoning industrial and household sectors are generating substantial demand. Moreover, stringent environmental regulations in China are fostering the adoption of eco-friendly cleaning agents, further boosting the market.
Key Players:
- AG Chem Group s.r.o
- Ak-kim
- Evonik Industries
- Hongye Chemical Group Co. Ltd.
- Jiangxi Boholy Chemical Co. Ltd
- JIANGXI UNIC PEROXIDE CO. Ltd
- Jilin Shuang ou Chemical Co. Ltd
- JINKE Company Limited
Competitive Landscape:
Collaboration with other sodium percarbonate players, as well as the expansion of production facilities to meet demand in the Asia Pacific region, is seen as extremely profitable for manufacturers. History has shown that acquisitions and the rise of region-specific players contribute to the market’s overall revenues. The use of a digital platform to improve brand recognition is critical to growing the market titan’s revenue.
The sodium percarbonate market is on an upward trajectory driven by its eco-friendly nature and diverse applications. As consumers and industries increasingly prioritize sustainability and environmental responsibility, the demand for sodium percarbonate is expected to continue its steady rise. Market leaders and emerging players alike are poised to capitalize on this growing market and contribute to the broader shift towards more sustainable chemical solutions.
Segmentation of Sodium Percarbonate Industry Research
- By Type :
- Coated
- Uncoated
- By End-Use :
- Laundry
- Cleaning (Industrial & Household)
- Water Treatments
- Chemicals
- Textiles
- Pulp & Paper
- Others
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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