Sodium Percarbonate Market Analysis

Global Sodium Percarbonate Market Overview

Sodium Percarbonate Market Size was valued at USD 0.6 Billion in 2023. The Sodium Percarbonate industry is projected to grow from USD 0.72 Billion in 2024 to USD 2.57 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.24% during the forecast period (2024 - 2032). Increased utilization of sodium percarbonate as a disinfectant and growing personal care sectors are the key market drivers contributing to overall market revenue and growth.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Sodium Percarbonate Market Trends

• The growing utilization of sodium percarbonate as a disinfectant drives market growth.

The market CAGR for sodium percarbonate is driven by the rising utilization of sodium percarbonate as a disinfectant. The worldwide market for sodium percarbonate is expanding. The sodium percarbonate business in the worldwide market is driven by numerous uses of sodium percarbonate in cleansing goods such as washing clothes, washing dishes, and cleaning the floors in residences. The sodium percarbonate market is another element driving the worldwide market in the personal care, health care, and food service sectors. Because it is an environmentally friendly element, its Application in bleaching agents, cleaning agents, washing clothes, personal hygiene, and cosmetics promotes the overall sodium percarbonate industry worldwide.

Additionally, the different antibacterial qualities of sodium percarbonate have increased the usage of sodium percarbonate as an antibacterial cleaner in the worldwide market, giving various potential prospects over the anticipated period. Furthermore, whenever oxygen, sodium carbonate, and moisture are combined with sodium percarbonate, the resulting chemicals are considered harmless to the environment. It is employed as an environmentally friendly bleaching treatment, offering several potential prospects in the worldwide market. This, in turn, will likely drive expansion in the worldwide sodium percarbonate market throughout the projected timeframe.

The worldwide  COVID-19  pandemic has harmed people's daily working lives. The outbreak has thrust the economy into an unavoidable recession. With the expanding surge of COVID-19, everyone now needs to cope with financial and health difficulties. Because of the lockdown, most of the production units in the sodium percarbonate sector had to shut down, resulting in a drop in sales. This worldwide epidemic has also had an impact on the ways of distribution. The market is predicted to recover from COVID-19 conditions by the end of the 2nd quarter of the following year within the forecasted timeframe.

For instance, based on the 'Activity & Sustainability Overview 2018-19' published by the International Association for Soaps, Detergents, and Maintenance Products in 2019, the household and personal care and specialized cleaning and personal hygiene sector across Europe was estimated at approximately US$ 40.84 billion in 2018, up from US$ 39.95 billion in 2017. Common household items include laundry care goods, floor maintenance goods, dishwashing services, and bleach. Thus, it is anticipated that demand for Sodium Percarbonate will increase throughout the projection timeframe due to the rising utilization of sodium percarbonate as a disinfectant. Thus, driving the Sodium Percarbonate market revenue.November 2023

It is the most recent development in the relationship between BYD and Huaihai, which in June inked a strategic cooperation agreement to establish a joint venture to construct a sodium-ion battery manufacturing facility in the Xuzhou Economic and Technological Development Zone. This is the most recent development in the alliance.

FinDreams will be responsible for providing goods and services, according to the previous news release issued by the firm. Huaihai will be responsible for providing its resources, which will include marketing and application scenarios.

It is important to take note of the fact that the price of lithium carbonate has seen a significant decline over the course of the last year, which may be a factor that is preventing the development of sodium-ion batteries.

Sodium Percarbonate Market Segment Insights

Sodium Percarbonate Type Insights

The Sodium Percarbonate market segmentation, based on type, includes Coated, Uncoated, and Tablet. The coated segment dominated the market, accounting for 60% of the market share (USD 0.3 billion) in 2022. The uncoated category is expected to grow significantly at a fast CAGR during the projected timeframe, boosting the overall market growth and revenue.

Figure 1: Sodium Percarbonate Market, by Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Sodium Percarbonate Application Insights

The Sodium Percarbonate market segmentation, based on Application, includes Detergent Agents, Cleaning Agents, Bleaching Agents, Water Treatments, and Others. The detergent agent category generated the highest market revenue of about 42%  (USD 0.2 billion) in 2022. They are the most widely used home cleansers worldwide. The growing detergent business and increased health concerns about wearables will drive the demand for detergents and bleaching compounds for residential usage. The water Treatments category is expected to grow rapidly during the projected timeframe, boosting the overall market growth.

Sodium Percarbonate End-Use Insights

The Sodium Percarbonate market segmentation, based on End-Use, includes Household Cleaning, Laundry, Industrial Cleaning, Textile Industry, Chemical Industry, Papermaking Industry, Food Industry, and Others. The laundry segment dominated the market, accounting for 39% of the market share (USD 0.2 Billion) in 2022. Household Cleaning is the fastest-growing category and is expected to grow rapidly during the projected timeframe, boosting the overall market growth.

Sodium Percarbonate Regional Insights

By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Sodium Percarbonate market area is expected to grow and expand rapidly during the projected timeframe because of the rising demand for cleaning chemicals and detergents. In addition, the growing health awareness and positive growth of the cleaning sector will boost the market growth in this region.

Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Sodium Percarbonate Market Share by Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe region’s Sodium Percarbonate market accounts for the second-largest market share because of the rise of numerous industries such as home, industrial cleaning, and laundry; the market accelerates and keeps growing. Further, the German Sodium Percarbonate market held the largest market share, and the UK Sodium Percarbonate market is expected to grow and expand rapidly in the European region during the projected timeframe.

The Asia-Pacific Sodium Percarbonate Market will dominate the market during the projected timeframe. This is due to the increasing requirement for sodium percarbonate in many nations around the area, and the standard of living is another factor driving the need for sodium percarbonate in the APAC region. Moreover, China’s Sodium Percarbonate market dominated the market share, and the Indian Sodium Percarbonate market is expected to grow steadily in the Asia-Pacific region during the projected timeframe.

Sodium Percarbonate Key Market Players & Competitive Insights

Leading market players invested heavily in research and development (R&D) to scale up their manufacturing units and product lines, which will help the Sodium Percarbonate market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with important market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. The Sodium Percarbonate industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.

Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the key business strategies organizations use in the Sodium Percarbonate industry to benefit customers and capture untapped market share and revenue. The Sodium Percarbonate industry has recently offered significant advantages to the laundry and cleaning industry. Moreover, more industry participants are utilizing and adopting cutting-edge technology has grown substantially. Major players in the Sodium Percarbonate market, including Solvay AG, Evonik Industries AG, OCI Peroxygens LLC, Kemira, Khimprom, HOGYE HOLDING GROUP CORPORATION LIMITED, JINKE Company Limited., Jiangxi Boholy Chemical Co., Ltd, Wuxi wanma chemical co.,ltd, Hodogaya Chemical Co., Ltd., is attempting to expand market share and demand by investing in research and development (R&D) operations to produce sustainable and affordable solutions.

Tata Chemicals is a science-driven corporation with a product portfolio that includes basic and specialty chemicals. The company's tale is about utilizing the rewards of science for purposes other than profit. Tata Chemicals may be traced back to its parent company Okhamandal Salt Works, founded in 1927. The firm is divided into basic chemical products and specialty goods. The company makes and distributes specialty nutritional supplements named Tata NQ, most of which are Fructooligosaccharide (FOS), a prebiotic dietary fiber. TATA Chemicals Ltd. will open its biggest Carbon Capture Facility in the United Kingdom in June 2022. This facility will absorb carbon dioxide  (CO2) from the environment and eventually be able to produce sodium goods like Sodium Percarbonate, having a minimally feasible carbon footprint.

Solvay SA is an industrial chemical and plastic-based item manufacturer and distributor. Ernest Solvay created the corporation in 1863, with its head office in Brussels, Belgium. Advanced Formulations and Materials, Administrative and Company Services, and Performance Chemicals are its business segments.   They offer products in various sectors, including aviation, renewable energy, automobiles, chemical-based building & construction, household goods, food and beverages, and natural gas and oil. In September 2019, Solvay SA developed an additional manufacturing capacity at its Green River Site in Wyoming, USA, which would expand soda ash output by 600 kilotonnes to meet rising worldwide demand.

Key Companies in the Sodium Percarbonate market include

• Solvay AG


• Evonik Industries AG


• OCI Peroxygens LLC


• Kemira Khimprom


• HOGYE HOLDING GROUP CORPORATION LIMITED


• JINKE Company Limited


• Jiangxi Boholy Chemicals Co. Ltd.


• Wuxi Wanma Chemical Co. Ltd.


• 
  Hodogaya Chemical Co. Ltd.

Sodium Percarbonate Industry Developments

June 2022: TATA Chemicals Ltd. will open its biggest Carbon Capture Facility in the United Kingdom in June 2022. This facility will absorb carbon dioxide  (CO2) from the environment and eventually be able to produce sodium goods like Sodium Percarbonate, having a minimally feasible carbon footprint.

April 2021: IISER researchers are conducting trials with laundry detergents to create oxygen in April 2021. The researchers used readily accessible compounds for their study to create oxygen that corresponded to hospital demands for Covid-19 patients. The device, suggested by the team consisting of Sunil Nair, Umakant Rapol, and Srinivas Hotha, maybe a crucial delivery for individuals in emergency vehicles, healthcare facilities, or even at their homes, depending on the need.

September 2019: Solvay SA developed an additional manufacturing capacity at its Green River Site in Wyoming, USA, which would expand soda ash output by 600 kilotonnes to meet rising worldwide demand.

Sodium Percarbonate Market Segmentation

Sodium Percarbonate Type Outlook

• Coated


• Uncoated


• Tablet

Sodium Percarbonate Application Outlook

• Detergent Agent


• Cleaning Agent


• Bleaching Agent


• Water Treatment


• Others

Sodium Percarbonate End-Use Outlook

• Household Cleaning


• Laundry


• Industrial Cleaning


• Textile Industry


• Chemical Industry


• Papermaking Industry


• Food Industry


• Others

Sodium Percarbonate Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America