sodium percarbonate market Report Overview
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The global sodium percarbonate market size was USD 1679.07 million in 2021 and is expected to reach USD 2712.24 million by 2027, exhibiting a CAGR of 8.32% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with sodium percarbonate experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
Sodium Percarbonate, a chemical compound with the molecular formula Na2CO3·1.5H2O2, is a solid, crystalline substance that is often used as a powerful and eco-friendly cleaning agent and bleaching agent. It is a white, odourless powder that is highly soluble in water. Sodium Percarbonate is an attractive alternative to traditional chlorine-based bleach and other chemical cleaning agents due to its environmentally friendly properties. When dissolved in water, it breaks down into hydrogen peroxide (H2O2) and sodium carbonate (Na2CO3), both of which are safe and effective cleaning agents. Hydrogen peroxide is a potent oxidizing agent, capable of removing stains and disinfecting surfaces without leaving harmful residues. Sodium carbonate, also known as soda ash, acts as a detergent and pH adjuster, enhancing the cleaning process. Sodium Percarbonate is commonly used in laundry detergents as a stain remover and bleach, in household cleaning products for surface disinfection, and in various industrial applications such as pulp and paper processing and wastewater treatment.
It is valued for its ability to remove organic stains, whiten fabrics, and sanitize surfaces without the harmful environmental impact associated with chlorine-based bleaches. The Sodium Percarbonate Market has exhibited significant resilience and adaptability, despite the various challenges it has faced over the years. This versatile chemical compound, mainly used as an oxygen bleach agent and a source of hydrogen peroxide, has seen steady demand across several industries, including cleaning and disinfection, textile, and personal care products. While the market's value is subject to fluctuation based on factors like supply chain disruptions and raw material costs, it has consistently maintained its relevance and importance.
COVID-19 Impact: Pandemic Surged the Demand for Cleaning and Disinfection Products Boosted the Market Growth
The COVID-19 pandemic posed both opportunities and challenges for the Sodium Percarbonate market. Initially, the demand for cleaning and disinfection products surged, driving up the need for Sodium Percarbonate as an essential ingredient in these products. However, supply chain disruptions and workforce restrictions caused by the pandemic impacted the market. While some manufacturers struggled to meet increased demand, others faced reduced production capabilities, leading to market volatility. As the pandemic recedes and markets stabilize, the sodium percarbonate market is poised for more predictable growth.
Latest Trends
"Sustainable and Eco-friendly Solutions to Boost the Market Development."
One of the most prominent trends in the Sodium Percarbonate market is the increasing demand for sustainable and eco-friendly solutions. As environmental awareness grows, consumers and industries are looking for alternatives to traditional, potentially harmful chemicals. Sodium Percarbonate fits the bill perfectly. This compound breaks down into water, oxygen, and soda ash, making it an environmentally friendly choice. This trend is driven by the global push for sustainable practices, and it's expected to keep increasing the sodium percarbonate market growth.
sodium percarbonate market Segmentation
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- By Type Analysis
According to type, the market can be segmented into Coated, Uncoated, Tablet. Coated being the leading segment of the market by type analysis.
- By Application Analysis
Based on application, the market can be divided into Detergent Agent, Bleaching Agent, Cleaning Agent, Water Treatment, Others. Detergent Agent being the leading segment of the market by application analysis.
Driving Factors
"Growing Emphasis on Sustainability to Drive the Market Growth"
Sustainability has become a central focus across industries, from textiles to household cleaning products. Sodium Percarbonate, with its eco-friendly properties, is gaining attention as an essential component of this sustainability drive. The desire to reduce the environmental footprint of products and processes has led to increased demand for Sodium Percarbonate in various applications. In the textile industry, for instance, sodium percarbonate is used for eco-friendly textile bleaching, providing a safer alternative to traditional chlorine-based bleaches. This not only reduces the environmental impact but also caters to the consumer's preference for sustainable products. As such, the market is experiencing growth, driven by the increasing demand for sodium percarbonate in these environmentally conscious applications.
"Shift Towards Greener Cleaning Products to Drive the Market Development"
The cleaning and detergent industry is another area where Sodium Percarbonate is significantly increasing its market share. With consumers becoming more conscious of the chemicals in their cleaning products, there's a growing shift towards greener alternatives. Sodium Percarbonate is a key ingredient in many eco-friendly laundry detergents, stain removers, and all-purpose cleaners. Its oxygen-releasing properties make it a potent stain remover and disinfectant without the use of harmful chemicals. As more consumers opt for greener cleaning solutions, the demand for Sodium Percarbonate is steadily increasing. This shift towards environmentally friendly cleaning products is positively impacting the sodium percarbonate market share, which is expected to continue growing.
Restraining Factors
"Raw Material Costs and Supply Chain Disruptions to Impede the Market Growth"
While the sodium percarbonate market is witnessing growth, it's not without its challenges. One of the significant impediments is the volatility in raw material costs and supply chain disruptions. Sodium Percarbonate is primarily derived from soda ash and hydrogen peroxide. Fluctuations in the prices of these raw materials can significantly impact the production cost of Sodium Percarbonate. Additionally, supply chain disruptions caused by various factors, including transportation issues and geopolitical tensions, can affect the availability of raw materials and the distribution of Sodium Percarbonate products. These challenges can lead to price fluctuations and reduced the sodium percarbonate market growth potential. However, companies within the industry are actively working on supply chain diversification and cost optimization to mitigate these challenges.
sodium percarbonate market Regional Insights
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"Rising Awareness of Environmental Concerns in North America to Bolster the Market Share"
North America is emerging as a key player in the Sodium Percarbonate market, with the region experiencing a steady increase in market share. This growth can be attributed to several factors, including the rising awareness of environmental concerns, the emphasis on sustainability, and a robust consumer base that values eco-friendly products. In North America, the use of Sodium Percarbonate is growing across multiple industries. In the cleaning and disinfection sector, consumers are opting for greener cleaning products, thus increasing the demand for Sodium Percarbonate. The textile industry, too, is adopting Sodium Percarbonate for its eco-friendly bleaching processes. This trend is primarily driven by consumer demand for sustainable and safe products. As a result, North America is witnessing a significant increase in the sodium percarbonate market share, with companies capitalizing on the growing preference for Sodium Percarbonate.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled Players
- Khimprom (Russia)
- Kemira (Finland)
- Evonik Industries AG (Germany)
- Hodogaya Chemical Co., Ltd (Japan)
- OCI Peroxygens LLC (U.S.)
- HOGYE HOLDING GROUP CORPORATION LIMITED (South Korea)
- Wuxi wanma chemical co.,ltd (China)
- Jiangxi Boholy Chemical Co, Ltd (China)
- JINKE Company Limited (China)
- Solvay AG (Belgium)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 1679.07 Million in 2021 |
Market Size Value By |
US$ 2712.24 Million by 2027 |
Growth Rate |
CAGR of 8.32% from 2021 to 2027 |
Forecast Period |
2022-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the sodium percarbonate market expected to touch by 2027?
The global sodium percarbonate market size is expected to reach USD 2712.24 million by 2027.
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What CAGR is the sodium percarbonate market expected to exhibit by 2027?
The sodium percarbonate market is expected to exhibit a CAGR of 8.32% by 2027.
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Which are the driving factors of the sodium percarbonate market?
Growing emphasis on sustainability and shift towards greener cleaning products are the driving factors of the sodium percarbonate market.
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Which are the key players or most dominating companies functioning in the sodium percarbonate market?
The dominating companies in the sodium percarbonate market are Khimprom, Kemira, Evonik Industries AG, Hodogaya Chemical Co., Ltd and OCI Peroxygens LLC.