Application in Wastewater Treatment will guarantee Steady Growth for Sodium Percarbonate Market through 2031

NEW YORK, Sept. 22, 2021 /PRNewswire/ -- Fact.MR – A Market Research and Competitive Intelligence Provider: The global market for sodium percarbonate is projected to exhibit moderate growth in terms of value over the forecast period 2021-2031.

The market will gain from improving scope for applications in laundry, textile, and chemical industries. Also, surging need for wastewater treatment is pushing demand for sodium percarbonate.

Besides these, as sodium percarbonate is admissible for use in conventional and organic aquaculture, demand in fish farming is expected to grow at a moderate pace over the forthcoming years.

Among various types, coated sodium carbonate is gaining significant traction owing to high demand for long-term storage capacity across various end-use industries. As per Fact.MR, sales in this segment will continue soaring owing to the increasing demand from laundry and textile industries.

The long-term impact of COVID-19 outbreak is forecast to create conducive environment for market growth due to increasing demand for disinfectants and cleaning supplies.

Regionally, the East Asia market accounts for the highest share in the global market and is anticipated to grow at a moderate pace over the forthcoming years. Meanwhile, the demand in South Asia and Oceania is increased at 2% CAGR over the course of the assessment period.

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"Increasing investments in research and development activities aimed at improving the production of sodium percarbonate are expected to create lucrative opportunities growth. The market also is expected to gain from the rising demand for bleaching agents from laundry and textile industries" says a Fact.MR analyst.

Key Takeaways from Sodium Percarbonate Market Survey

• South Asia and Oceania market is likely to register steady rate of growth on account of expansion of the textile industry, chemicals, and laundry industries.
• East Asia market is estimated to grow at a moderate pace over the forthcoming years, yet it will continue holding dominance in the global market.
• Demand in India and China is forecast to grow at a rapid pace owing to burgeoning demand for sodium percarbonate in water treatment and pulp & paper industries.
• Based on type, the demand for uncoated type is projected to account maximum sales in the market.

Key Drivers

• Increasing use of sodium percarbonate for waste water treatment will remain a chief growth driver.
• Rising demand for cleaning and disinfectant products is accelerating the growth of the sodium percarbonate market.

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Competitive Landscape

Sodium percarbonate manufacturers are focusing on various organic and inorganic strategies to expand their global footprint.

For instance, in 2020, Latour Capital announced the acquisition of Solvay's Barium & Strontium and sodium percarbonate businesses. This acquisition is focused on streamlining Solvay's portfolio while lowering the Group's footprint by exiting its position in niche technical-grade chemicals market.

Some of the leading players operating in the sodium percarbonate market profiled by Fact.MR are:

• Solvay
• Evonik
• OCI
• Kemira
• .JSC Khimprom
• Ak-Kim
• Hodogaya
• Jinke Chem
• Hongye Chem
• Boholy Chem
• Shangyu Jiehua
• Wanma Chem
• Hexing Chem

More Valuable Insights on Sodium Percarbonate Market

Fact.MR, in its new report, offers an unbiased analysis of the global sodium percarbonate market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on sodium percarbonate market with detailed segmentation:

Type

• Coated
• Uncoated

End Use

• Laundry
• Cleaning (Industrial & Household)
• Water Treatment
• Chemicals
• Textiles
• Pulp & paper
• Others

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia and Oceania
• MEA

Key Questions Covered in the Sodium Percarbonate Market Report 

• The market survey also highlights projected sales growth for sodium percarbonate market between 2021 and 2031
• The report offers insight into sodium percarbonate demand outlook for forecast period 2021-2031
• Sodium percarbonate market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
• Sodium percarbonate market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

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Sodium Sulphite Market- Due to the recycling of waste water and other water systems, the water treatment sector is expected to maintain a stable share of the sodium sulphite market. In addition to its application in the paper and water treatment industries, sodium sulphite is also utilised as a scavenger in high and medium pressure steam boilers to prevent caustic embrittlement. The global sodium sulphite market is growing due to rising demand for technical grade in the water treatment industry. Because of its reducing capabilities, sodium sulphite is employed as a preservative in the food business to keep food from spoiling quickly.

Industrial Cleaning Chemicals Market- The industrial cleaning chemicals market is predicted to increase at a positive rate during the forecast period, owing to rising awareness about health, safety, and hygiene. During the forecast period, one of the primary driving reasons for the growth of the industrial cleaning chemicals market would be the robust industrial growth seen in developing areas. Automobile production has also seen considerable expansion. As a result of these reasons, demand for industrial cleaning chemicals is predicted to rise around the world, with the industry poised for significant expansion.

Disinfectant & Antimicrobial Chemicals Market- Disinfectants and antimicrobial compounds are used to kill or inhibit the growth of bacteria. Disinfectants are mostly utilized as surface-active agents, which are applied to the surface of inanimate objects, materials, or tissues prior to surgery to avoid infection. Disinfectants and antimicrobial compounds either limit the reproduction of germs by destroying their cell walls or hinder the growth of microorganisms by interfering with their metabolic activity. Antimicrobial agents in paint, floor coverings, home textiles, and other construction materials will see substantial expansion as disinfectant and antimicrobial chemicals.

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SOURCE Fact.MR