Sodium Percarbonate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Sodium Percarbonate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : August, 2020 | Chemical & Materials | PPT format

Report Digest

Global Sodium Percarbonate Market: Overview

Over the past 10 years, the chemical industry has increasingly preferred percarbonates over perborate in formulations for laundry detergents and range of industrial laundry detergents. The contours of the evolving sodium percarbonate market are shaped by the dynamic impact of this demand. Apart from this, sodium percarbonate is used in a range of consumer product applications. The chemical is a robust source of hydrogen peroxide, a chemical known for its microbial properties. They are thus a solid source of formulations that are expected to show biocide properties in various end-use industries and well known as bleaching agents. Strides made in manufacturing and consumption of eco-friendly powder detergents world over have helped in the steady evolution of the sodium percarbonate market.

Key end-use industries of the sodium percarbonate are household and industrial cleaning products, textile industry, food industry, and papermaking industry. Over the past few years, the adoption of industrial hygiene practices has helped in reducing the exposure risks, thereby favoring the evolution of the sodium percarbonate market. Consumers have also become aware of the health information of consumers containing sodium percarbonate market.

Global Sodium Percarbonate Market: Growth Dynamics

The global sodium percarbonate market is driven by the use of the compound in a wide range of formulations used for cleaning and bleaching. Growing sales of cleaning commercial products that contain the formulations are boosting revenue generation in the market. Owing to the outstanding stain removal and deodorizing capabilities sodium percarbonate shows, its utilization as a bleaching agent in heavy-duty laundry detergents has risen. A case in point is in carpet cleaning. The need for formulating compounds that are environmentally benign on fabric has expanded the prospective demands in the sodium percarbonate market. Emerging fashion trends have reinforced the demand for variety of fabrics, which in turn, is bolstering the uptake in end-use industry.

A growing number of animal toxicity studies has augmented the safety profile of sodium percarbonates, thus boosting the sodium percarbonate market. A growing understanding of the health information of sodium percarbonate has helped boost the demands in consumer applications. The search for eco-friendly formulations has been intensified in recent research and development activities undertaken by chemical companies.

Global Sodium Percarbonate Market: Notable Developments

Retail companies in end-use industries, notably paints and coating industry, have seen the consumer demands for formulations that can clear away hard-to-get-rid of obstinate stains. They have also been able to meet the criterion of biodegradability so as not affect the plants or soil in the environment. Over the years, developed nations have witnessed the growing availability of such formulations online. This has expanded the prospects in the sodium percarbonate market.

Strict regulations regarding the environmental effect of industrial cleaning products have led chemical companies in the sodium percarbonate market to come out with novel formulations. Businesses in commercial cleaning services are trying to source pure sodium percarbonates at cost-effective rates.

Some of the prominent names in the sodium percarbonate market are Solvay S.A., Evonik Industries, OCI Peroxygens, Kemira Oyj, Wuxi Chemical Equipment Co.,Ltd., and JINKE Company Limited.

Global Sodium Percarbonate Market: Regional Assessment

Regionally, Europe is expected to rise at a rapid growth rate in the sodium percarbonate market. Extensive utilization of percarbonates in textile and household cleaning applications in numerous countries of the region are propelling revenue generation of the regional market. On the other hand, Asia Pacific has been contributing revenue generation to the in the sodium percarbonate market at rapid pace. The growth is driven by the rapidly rising demand for the compound in industrial cleaning applications in numerous industrialized nations. The global sodium percarbonate market is driven by growing uptake in the Middle East and Latin America.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.