The global sodium percarbonate market will reflect a CAGR 1.5% over the forecast period, 2020 to 2030. The market has been chiefly driven by growing demand for eco-friendly products, which, consecutively, has been extremely beneficial for sodium percarbonate as a disinfectant. On the other hand, irrespective of a slight dent to the market growth amid the COVID-19 crisis, the sodium percarbonate market is projected to foresee gradual growth in value terms during the assessment years.
"Investments towards increase in manufacturing of coated sodium percarbonate are projected to be greatly beneficial for the market players. Increase in infrequent nature of the demand for bleaching agents is projected to be extremely beneficial for coated sodium percarbonate" says a Fact.MR analyst.
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Key Takeaways
- East Asia holds highest overall market share, and will experience moderate expansion
- Uncoated type sodium percarbonate is likely to remain lucrative over the forecast period
- Laundry applications will foresee significant rise in demand and will experience moderate growth pace among other end uses
Drivers
- Increasing household services in South Asia, and East Asia regions are likely to be mainly drive the market
- High demand for green products in both industrial and household applications, with a key focus on laundry detergents will be catalysing market growth
- Extensive application scope in baby products owing to its effectiveness in eliminating stubborn stains and disinfection is fuelling the demand for sodium percarbonate
- Oxidizing properties and its use as a potential disinfection agent will drive growth in the foreseeable years
Constraints
- Increasing consumer awareness concerning the toxicity level related with these, will hinder market growth
- The COVID-19 outbreak together with the withdrawal of tier-1 players have been unfavourable impacting manufacturing volumes
Anticipated Market Impact by COVID-19 Outbreak
The COVID-19 outbreak has had low sway on the sodium percarbonate market, with lesser imposition of regulations and trade volumes. Sales amid the third quarter reflected a notable recovery because of growing demand from the commercial industry. Residential demand amid the crisis was slightly impinged on due to inventory shortages in some regions, however the overall effect amid 2020 is expected to be minimal.
Long-term influence of the crisis will be positive on demand, owing to increasing demand for cleaning supplies and disinfectants.
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Competition Landscape
The sodium percarbonate market is moderately consolidated in nature, with major players holding around 40% of revenue share. Major players identified in the Sodium Percarbonate market are Solvay SA, Evonik Industries, OCI Peroxygens LLC, AG Chem Group s.r.o, Khimprom PJSC, Hongye Chemical Group Co. Ltd., JINKE Company Limited, JIANGXI UNIC PEROXIDE CO. Ltd., Jilin Shuang ou Chemical Co. Ltd, Wuxi Wanma Chemical Co., Ltd, Jiangxi Boholy Chemical Co. Ltd., and Ak-kim.
The market has witnessed several fluctuations recently. These market variations have been because of restructuring of top tier players. These variations of top tier players have had a substantial consequence on the sodium percarbonate market, amid the forecast period.
More on the Report
The Fact.MR's market research report provides in-depth insights into the sodium percarbonate market. The market is scrutinized on the basis of type (coated and uncoated) end use (laundry, cleaning water treatment, chemicals, textiles, pulp & paper, and others), across seven major regions (North America, Europe, East Asia, South Asia, Oceania, Latin America, and Middle East & Africa (MEA).
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Along with high boiling and flash points and a mild ether-like odor, propylene carbonate is also non-corrosive.
Being listed in the EPA Safer Chemicals Ingredients List in the Solvents category, propylene carbonate is used in a number of end uses including paints & coatings, adhesives & sealants, pharmaceuticals, Li-ion batteries, personal care and cleaners amongst others.
Though not all companies offer the pharmaceutical grade propylene carbonate, majority of the market offers the battery and industrial grades of propylene carbonate for use in the above mentioned application areas.Sodium Percarbonate Market in NumbersThe sodium percarbonate market has been envisaged to surpass revenues worth US$ 600 Mn in 2019, in line with its growing adoption as a high performance oxygen bleaching agent for industrial as well as household applications.The sodium percarbonate market is likely to register a CAGR of ~3% through 2029 on account of growing demand for eco-friendly bleach products.The South Asia & Oceania cluster is expected to be the high growth market for sodium percarbonate manufacturers, primary driven by the rising demand from the household cleaning industry.Request Free Sample Report Here: https://www.factmr.com/connectus/sample?flag=S_id=2527Key Factors Determining Growth of the Sodium Percarbonate Market Growing traction for green products favoring sales: Surging demand for eco-friendly bleach products, such as household and industrial laundry detergents are driving the demand for sodium percarbonate as an additive.
Broadening bandwidth of sodium percarbonate application for removing stubborn stains, in laundry, and to disinfect diapers are creating wide range of growth opportunities for stakeholders.The proliferating textile industry is considerably driving the demand for bleaching agents such as sodium percarbonate that are widely used for the pretreatment of textiles to obtain white clean fabric.Widening Applicability in Non-conventional Sectors to Boost RevenuesThe study underscores that although uncoated sodium percarbonate continues to witness significant adoption from various end-use sectors, such as laundry and pulp & paper industry, the demand for coated variants will grow considerably through 2029.
The rising traction for coated sodium percarbonate will be prominently underpinned by its enhanced stability accountable for longer shelf life under high temperatures and humidity, and improved compatibility with additives of powder detergents.As per the study, there remains a notable untapped potential for sodium percarbonate in some non-traditional application sectors, such as water treatments, textiles, and pulp & paper industry.
While applications in commercial fish farm, denture cleaners and toothpaste, are particularly emerging lucrative for sodium percarbonate manufacturers and other stakeholders, an increasing focus on exploring a diverse application range is highly likely to impact the competition strategies in forthcoming years.Potential Applicability of Sodium Percarbonate as Bleaching Agent in Pulp & Paper IndustryGrowing need of viable oxidative repulping aids for wet-strengthened paper grades is contributing significantly to the adoption of sodium percarbonate as an eco-friendly and effective repulping aid that comply with existing regulations.
A new study on the Sodium Percarbonate powder Market provides a detailed overview of the demands and consumptions of various products/services associated with the growth dynamics of the market during the historical period 2015 – 2019.
The in-depth market estimation of various opportunities in the segments is expressed in volumes and revenues during the forecast period 2020 to 2030.
The insights and analytics on the Sodium Percarbonate market span several pages.
These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.
The sodium percarbonate market revenues are projected to roughly record a CAGR of 3% through 2029.Key stakeholders in the Sodium Percarbonate market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.
Many in recent months have overhauled their strategies to remain agile in the backdrop of worldwide disruptions caused by the COVID-19 pandemic.
Fact.MR’s Report on Global Pea Fiber MarketPea fiber is a byproduct which is extracted from the seeds and pods of a pea plant.
Pea fiber comprises high levels of protein, and does not contain any cholesterol either.
Consequently pea fiber is expected to gain traction around the world.Its nutritive properties has made pea fiber an increasingly popular ingredient in a number of pharmaceutical and food products.
The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin.
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