Sodium Percarbonate Market Analysis by Type (Coated, and Uncoated); by Application (Bleaching Agent, Laundry & Dishwashing Detergent, Water Treatment, Organic Synthesis and Others); and by End User (Agriculture, Home & Personal Care, Textile, Pulp & Paper, Chemical and Others)-Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
21 Oct 2022
Healthcare & Pharmaceuticals
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022...
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Sodium Percarbonate Market Scope Report
Global Sodium Percarbonate Market Size, Forecast, and Trend Highlights Over 2023 - 2033
The global sodium percarbonate market is estimated to garner a modest revenue by the end of 2033 by growing at a CAGR of ~9% over the forecast period, i.e., 2023 – 2033. Further, the market generated a notable revenue in the year 2022. Need to clean water and make it fit for using has been driven since the rise in water pollution. Sodium percarbonate used as a cleaning agent as it kills germs and bacteria. Unfit water causes many water borne diseases. Due to inadequate sanitized water, around 2 billion people are prone to diseases, such as typhoid, cholera and other water borne illness. Furthermore, about 2 million people, mostly children are dying each year owing to diarrheal disease.
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Increasing aquaculture is leading to rising use of sodium percarbonate as it is easily degrading disinfectant. It is a permissible water disinfectant for both organic and conventional aquacultures. Therefore, rise in aquaculture is to augment the sodium percarbonate market growth. Aquaculture production has increased by almost 30 million tons in the last decade.
Global Sodium Percarbonate Market: Growth Drivers and Challenges
Increased Usage of Bleaching Powder for Laundry Purpose
Sodium percarbonate is deodorize the clothes, remove stains from it, and it is mixed with detergent powder to boost its efficiency. Sodium percarboante is the main element of a highly adroit detergent powder. Chemically, a good detergent contains nearly 30%-85% by weight of sodium percarbonate.
Replacement of Other Hazardous Bleaching Agent
Bleaching agents such as chlorine and sodium hypochlorite are highly toxic in nature. They tend to irritate the skin of humans and animals. In some severe cases, it might also affect the respiratory tract and lungs. A combination of hypochlorite and ammonia produces chloramine gas. It is highly virulent, damages the respiratory tract and causes pulmonary edema within 12–24 hours of exposure.
Scarcity of Clean Water
Sodium percarbonate is highly use to clean water by killing bacteria, dirt, mud and mildew. Thus shortage of clean water is likely to increase the usage of sodium percarbonate. Out of 70% of total water on earth, only around 2% is freshwater and a very small fraction of nearly 1% is available for use.
Growing Organic Aquaculture
Rapid shift to do more of aquaculture organically in order to increase soil fertility and to produce safer products, is likely to induce the use of sodium percarbonate. In 2020, the total organic aquaculture production in Europe is estimated around 75 tonnes.
Rising Demand of Sodium Percarbonate in Paper and Pulp Industry
Sodium percarbonate is extensively used in re-pulping of old newspaper and magazine paper mixture. It increases the brightness of the paper, removes maximum ink stain and other. Sodium percarbonate when mixed with 1% of active oxygen, increased the ISO brightness of pulp by approximately 55%.
Sodium Bicarbonate Negatively Impacts the Ph. Level of the Water
Skin and Eyes Irritation Caused by Prolonged Exposure to Sodium Percarbonate
Government Restrictive Rules and Regulation on Textile and Laundry Industry
Carbonate ions are released from sodium percarbonate, which in turn impacts the pH level critically make it reach above 9.5. Long term elevated pH level challenges the tolerance capacity of fish and effect their homeostasis.
The sodium percarbonate market is segmented and analyzed for demand and supply by application into bleaching agent, laundry & dishwashing detergent, water treatment, organic synthesis and others. Bleaching agent is anticipated to hold the largest market size by the end of 2033. Bleaching process is heavily used in textile industry to whiten the fabric and to remove undesired colored component. Sodium percarbonate has an obvious bleaching effect and it is known as a safe bleaching agent. Therefore, rising demand of bleaching agent is to elevate the sodium percarbonate market growth. In 2019, nearly 260 million units of some sort of bleaching agent were sold in the United States.
Global Sodium Percarbonate Market Regional Synopsis
Regionally, the global sodium percarbonate market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2033. United States has the largest segment of laundry care. Sodium percarbonate is the main constituent of detergent powder thus increased use of laundry care detergents is likely to boost the growth of sodium percarbonate market. In the United States, nearly 69% of population use leading home care brands.
Our in-depth analysis of the global sodium percarbonate market includes the following segments:
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Key Companies Dominating the Global Sodium Percarbonate Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global sodium percarbonate market that are included in our report are Jiangxi Boholy Chemical Co., Ltd., Solvay Chemicals Inc., Jilin Shuang ou Chemical Co., Ltd., Hongye Holding Group Corporation Ltd., Wuxi Wanma Chemical Co. Ltd, PJSC Khimprom, Zhejiang Jinke Household Chemical Materials Co., Ltd., AG CHEMI GROUP s.r.o., AKKIM, Evonik Industries AG, and others.
Global Sodium Percarbonate Market: Latest Developments
November, 2020: Solvay Chemicals Inc., has announced an agreement with Latour Captial for selling its sodium percarbonate business in Germany as well as its technical grade barium and strontium business in Germany, Mexico and Spain.
March, 2022: Navy’s Cleanup Contactor at Alameda Point, has used sodium percarbonate as oxidizing agent for jet fuel cleanup. The process of oxidation was the step included in defueling of jet planes.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
FREQUENTLY ASKED QUESTIONS
Growing usage of sodium percarbonate in detergents, laundry care and textile industry, rise in organic aquaculture, scarcity of fresh water are the factors likely to propel the market growth.
The market is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2023– 2033.
Strict government rules for laundry and textile industry, impacts of sodium percarbonate on human skin, respiratory tract and pH levels of water are few challenges to hamper the market growth.
Which region will provide more business opportunities for growth of sodium percarbonate market in future?
The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
The major players in the market Jiangxi Boholy Chemical Co., Ltd., Solvay Chemicals, Inc., Jilin Shuang ou Chemical Co., Ltd., Hongye Holding Group Corporation Ltd., Wuxi Wanma Chemical Co. Ltd, PJSC Khimprom, Zhejiang Jinke Household Chemical Materials Co., Ltd., AG CHEMI GROUP s.r.o., Akkök Holding (Ak-Kim), Evonik Industries AG, and so on…..
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, application, end user, and by region.
The bleaching agent is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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- Jiangxi Boholy Chemical Co. Ltd.
- Solvay Chemicals Inc.
- Jilin Shuang ou Chemical Co. Ltd.
- Hongye Holding Group Corporation Ltd.
- Wuxi Wanma Chemical Co. Ltd
- PJSC Khimprom
- Zhejiang Jinke Household Chemical Materials Co. Ltd.
- AG CHEMI GROUP s.r.o
- Evonik Industries AG