Rockville, Nov. 17, 2022 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global sodium percarbonate market is estimated at US$ 595.3 million in 2022 and is expected to expand at a CAGR of 3.1% during the forecast years of 2022-2032.
Moreover, demand for ecofriendly products has been increasing, which, in turn, has been highly beneficial for sodium percarbonate as a disinfectant. Permissible usage of sodium percarbonate in both, organic and conventional aquaculture, has proven beneficial, and usage in water treatment is expected to hold strong during the forecast period.
Despite a slight dip during the COVID-19 crisis, the sodium percarbonate market is expected to experience gradual growth in terms of value over the coming years.
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Sodium percarbonate is widely utilized in the household cleaning industry as a bleaching agent and is available in coated as well as uncoated forms across the globe. Sodium percarbonate possesses various functional benefits as it provides powerful bleaching, disinfecting, and cleaning capabilities. With growing applications across paper and pulp, laundry, and other sectors to drive the sodium percarbonate market growth.
Key Takeaways from Market Study
- The global sodium percarbonate market is expected to be valued at US$ 807.8 million by 2032 expanding at a CAGR of 3.1%
- The market witnessed a 2.5% CAGR for the period of 2017-2021
- North America dominated the market with a market share of 15.3% in 2021
- In 2021, the market had a valuation of US$ 577.4 million and is estimated to reach a valuation of US$ 595.3 million in 2022
- Laundry segment has a major market share of 52.2% in 2021, followed by cleaning (industrial and household) to account for 36.1% of the market share in 2021
- Uncoated segment has a high market share of 71.9% in 2021 as compared to coated one, however, a coated segment is to grow at a CAGR of 2.3% in 2022-2032 as compared to uncoated i.e., 1.2%
“Bleaching and Disinfecting Properties of Sodium Percarbonate to Increase its Demand across Healthcare, Pharmaceutical, and Other End-Use Verticals,” says a Fact.MR analyst.
Segmentation of Sodium Percarbonate Industry Research
- By Type :
- Coated
- Uncoated
- By End-Use :
- Laundry
- Cleaning (Industrial & Household)
- Water Treatments
- Chemicals
- Textiles
- Pulp & Paper
- Others
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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Increasing awareness of wastewater treatment and utilization of sodium percarbonate as oxidizing agent
Wastewater discharge and increasing water pollution and environmental concerns have raised awareness among government organizations for the treatment of wastewater before discharge.
Water treatment agents such as sodium percarbonate are actively utilized as oxidizing agents in wastewater treatment. Increasing risks of water scarcity in the future have generated a need for the treatment and utilization of wastewater.
Wastewater is now considered a reliable resource for alleviating water scarcity levels as well as for further utilization. Hence use of sodium percarbonate in wastewater treatment is expected to rise with the rising initiative of growing economies to treat wastewater.
What is the Market Scenario in the US?
Sodium percarbonate is used more frequently in laundry applications, the U.S. is set to offer a lucrative market for its sales. The U.S. market for sodium percarbonate is poised to have a positive outlook owing to the well-established coin laundry services available across the country.
Market Development Stratagems
The sodium percarbonate market is partially consolidated in nature, with top players accounting nearly 45% revenue share. The second tier of the market is highly fragmented, with multiple regional and domestic players operating in the market. Top players in the sodium percarbonate market have been increasing their penetration across regions, and have been banking on the quality of their products to gain new supply contracts. Owing to these movements, the sodium percarbonate market is expected to reach consolidation by the end of the forecast period.
Key Companies Profiled
- AG Chem Group s.r.o
- Ak-kim
- Evonik Industries
- Hongye Chemical Group Co. Ltd.
- Jiangxi Boholy Chemical Co. Ltd
- JIANGXI UNIC PEROXIDE CO. Ltd
- Jilin Shuang ou Chemical Co. Ltd
- JINKE Company Limited
- Khimprom PJSC
- OCI Peroxygens LLC
- Solvay SA
- Wuxi Wanma Chemical Co., Ltd
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global sodium percarbonate market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of type (coated, uncoated), by end-use (laundry, cleaning, water treatments, chemicals, textiles, pulp & paper), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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