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 : May, 2021 | Chemical & Materials

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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?