PUBLISHER: The Business Research Company | PRODUCT CODE: 1615043
PUBLISHER: The Business Research Company | PRODUCT CODE: 1615043
Sodium percarbonate is a chemical compound made from sodium carbonate and hydrogen peroxide, commonly used as an eco-friendly bleaching agent. When dissolved in water, it releases oxygen, making it effective for stain removal, disinfecting, and deodorizing. Its chemical formula is Na2CO3*1.5H2O2, combining the cleaning benefits of sodium carbonate with the oxidizing power of hydrogen peroxide. Sodium percarbonate is biodegradable, breaking down into natural components.
The main types of sodium percarbonate include coated, uncoated, and tablet forms. Coated sodium percarbonate is available in granulated or powdered form, with a protective coating, often made from materials such as silicate. Its applications include use as a detergent agent, bleaching agent, cleaning agent, water treatment, and others. It serves various end-use sectors such as household cleaning, laundry, industrial cleaning, the textile industry, the chemical industry, papermaking, the food industry, and more.
The sodium percarbonate market research report is one of a series of new reports from The Business Research Company that provides sodium percarbonate market statistics, including sodium percarbonate industry global market size, regional shares, competitors with a sodium percarbonate market share, detailed sodium percarbonate market segments, market trends and opportunities, and any further data you may need to thrive in the sodium percarbonate industry. This sodium percarbonate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The sodium percarbonate market size has grown strongly in recent years. It will grow from $1.19 billion in 2023 to $1.30 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth during the historic period can be attributed to increasing consumer awareness of environmental issues, rising urbanization, higher living standards, a shift toward sodium percarbonate as a safer alternative, its adoption in water treatment for its efficiency, and the growth of the laundry detergent sector.
The sodium percarbonate market size is expected to see strong growth in the next few years. It will grow to $1.84 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to increasing prioritization of sustainability and eco-friendliness, advancements in stabilizing sodium percarbonate for extended shelf life, and the growth of the e-commerce sector, providing convenient access. Rising global water scarcity and pollution, along with stricter environmental and safety regulations, will further drive demand for sodium percarbonate. Key trends in the forecast period include a shift towards green chemistry and environmentally safe products. Sodium percarbonate is increasingly being explored for various uses, and solid cleaning agents containing it are gaining popularity. Additionally, sodium percarbonate is becoming more prevalent in the textile sector.
The rising consumer demand for detergents is expected to drive the growth of the sodium percarbonate market in the future. Detergents, which are typically surfactants or combinations of surfactants with cleaning properties when dissolved in water, are in higher demand due to increased awareness of hygiene, urbanization trends, growing disposable incomes, technological advancements, and environmental concerns. Sodium percarbonate enhances the performance of detergents by offering effective bleaching and cleaning abilities while serving as an eco-friendly alternative to harsh chemicals. For example, in June 2023, Procter & Gamble Company, a US-based consumer goods giant, reported net sales of $28,371 million for fabric and home care products, a 3% rise from $27,556 million in 2022, with organic sales growth of 8%. This rising demand for detergents is contributing to the expansion of the sodium percarbonate market.
Leading companies in the sodium percarbonate industry are focusing on the development of innovative products, such as coated sodium percarbonate, to strengthen their competitive position. Coated sodium percarbonate is a granular chemical compound in which sodium percarbonate is coated with a protective layer, often made of wax or silicate. For example, in June 2022, SDC Enterprises Ltd., a US-based textile testing company, introduced a new sodium percarbonate product, which acts as a solid source of hydrogen peroxide when dissolved in water. This product was developed to offer testing professionals and manufacturers an effective and eco-friendly solution for bleaching and cleaning applications. Its wide range of applications across different industries underscores its importance in addressing modern consumer demands for sustainable products without compromising cleaning performance.
In September 2024, Inter RAO, a Russia-based energy holding company, acquired Novocheboksarsk Khimprom for an undisclosed sum. This acquisition is part of Inter RAO's strategy to diversify its operations, create synergies, expand its market presence, enhance supply chains, and respond to industry trends, while promoting innovation in line with evolving regulations. Novocheboksarsk Khimprom is a Russian provider of sodium percarbonate.
Major companies operating in the sodium percarbonate market are The Procter & Gamble Company, Merck KGaA, Evonik Industries AG, Hodogaya Chemical Co. Ltd., Zhejiang Jinke Chemical Co. Ltd., Akkim Kimya, OCI Peroxygens LLC, American Elements, Kylin Chemicals Co. Ltd, Hongye Chemical Co. Ltd., Acuro Organics Limited, STPP Group CO. LIMITED, DUBI CHEM MARINE INTERNATIOAL, Ronas Chemical Co. Ltd., Hexing Chemical Industry Co. Ltd., S D C Enterprises Ltd., A B Enterprises, Junsei Chemical Co. Ltd., Jiangxi Boholy Chemical Co. Ltd., Dhairya International
Asia-Pacific was the largest region in the sodium percarbonate market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the sodium percarbonate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the sodium percarbonate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The sodium percarbonate market consists of sales of coated sodium percarbonate, oxygen bleach for cleaning clothes, and uncoated sodium percarbonate. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Sodium Percarbonate Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on sodium percarbonate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for sodium percarbonate ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sodium percarbonate market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.