Sodium Percarbonate Applications in the Laundry Segment to Create US$ 150 Mn Incremental Opportunity by 2031

NEW YORK, Nov. 22, 2021 /PRNewswire/ -- Fact.MR – A Market Research and Competitive Intelligence Provider: Sales in the sodium percarbonate market are slated to grow at 3.1% CAGR, pushing the market valuation from US$ 581 Mn in 2021 to US$ 670 Mn by 2031, finds Fact.MR in a recent market survey.

Increasing consumption for cleaning purposes in the residential and commercial sectors is expected to augment growth of the market. Driven by this, sodium percarbonate sales is projected to account for 3% of the total demand in the bleaching chemicals market.

The market also will be driven by surging applications in a variety of end uses including laundry, textile, water treatment, and other cleaning purposes. Furthermore, rising adoption in the pulp & paper industry will continue pushing sales in the forthcoming years.

Sodium percarbonate also is used in aquaculture to improve the availability of oxygen in the water and provide a conducive environment for growth of fish and other aquatic creatures. Expansion of pisciculture and the seafood industry will therefore continue propelling growth in the market through 2031.

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Demand for sodium percarbonate is expected to remain high in the U.S. owing to the presence of robust textile industry, along with growing trend of coin laundry services across the country. China is expected to follow suit, with increasing consumption of sodium percarbonate for water treatment.

"Growing demand for cleaning and disinfectant products driven by COVID-19-induced health concerns is expected to augment growth of the global sodium percarbonate market. Besides this, increasing adoption of sodium percarbonate for wastewater treatment is expected to bode well for the market over the forthcoming years," says a Fact.MR analyst.

Key Takeaways:

• In terms of type, the uncoated sodium percarbonate segment is expected to hold around 70% of the total market share by 2031.
• Applications of sodium percarbonate in the laundry segment are projected to remain high. Sales of sodium percarbonate in this segment are expected to create an incremental opportunity of US$ 115 Mn by 2031.
• Sales of sodium percarbonate in the U.S. are poised to grow at a 2.1% CAGR, creating an incremental opportunity of US$ 20 Mn by 2031.
• The China sodium percarbonate market is anticipated to expand at a 4.5% CAGR over the forecast period.

Growth Drivers:

• Expansion of the hospitality sector is expected to spur demand for sodium percarbonate for cleaning purposes over the assessment period.
• Increasing applications of uncoated sodium percarbonate as a bleaching agent in personal care products is expected to drive sales through 2031.

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Competitive Landscape

Leading players operating in the global market are aiming to improve their product portfolios by focusing on research and development. Apart from this, players are investing in mergers, acquisitions, and collaborations to expand their global footprint.

Key Players in the Sodium Percarbonate Market Include:

• 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,

More Valuable Insights on Sodium Percarbonate Market

Fact.MR provides an unbiased analysis of the sodium percarbonate market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global sodium percarbonate with a detailed segmentation on the basis of:

Type:

• Coated Sodium Percarbonate
• Uncoated Sodium Percarbonate

End-Use:

• Laundry
• Cleaning (Industrial & Household)
• Water Treatments
• Chemicals
• Textiles
• Pulp & Paper

Regions:

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

Key Questions Covered in Sodium Percarbonate Market Report

• The report offers insight into the sodium percarbonate market demand outlook for 2021-2031.
• The market study also highlights projected sales growth for sodium percarbonate market between 2021 and 2031.
• Sodium percarbonate market survey 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.
• Sodium percarbonate market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.

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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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