The sodium percarbonate market is projected to grow from $1.19 billion in 2023 to $1.30 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.1%. This growth is largely driven by increasing consumer awareness of environmental issues, urbanization, higher living standards, and the shift towards sodium percarbonate as a safer alternative. It is also fueled by its adoption in water treatment for efficiency and growth in the laundry detergent sector.
The sodium percarbonate market is projected to grow to $1.84 billion by 2028 with a CAGR of 9.2%. Growth is driven by the increasing focus on sustainability, improved stability for extended shelf life, rising e-commerce, water scarcity concerns, and stricter environmental regulations. Trends include the shift towards green chemistry, increased use in solid cleaning agents, and growing popularity in the textile sector.
Major Driver In The Sodium Percarbonate Market
Increasing consumer demand for detergents is expected to drive the growth of the sodium percarbonate market. Detergents, which are typically surfactants or mixtures of surfactants, have cleansing properties when diluted in water. The rising demand for detergents is fueled by greater hygiene awareness, urbanization, rising disposable incomes, technological advancements, and environmental consciousness. Sodium percarbonate is used to enhance detergents by providing effective bleaching and cleaning capabilities, offering an eco-friendly alternative to harsh chemicals. For example, in June 2023, Procter & Gamble Company reported net sales for fabric and home care products reaching $28,371 million, a 3% increase from $27,556 million in 2022, with an 8% growth in organic sales. Thus, the growing demand for detergents is driving the sodium percarbonate market forward.
Request A Free Sample Of The Sodium Percarbonate Market Report
Sodium Percarbonate Market Competitive Landscape
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
Key Sodium Percarbonate Market Trend
Companies in the sodium percarbonate market are focusing on developing innovative products like coated sodium percarbonate to gain a competitive edge. Coated sodium percarbonate has a protective layer that enhances its performance. In June 2022, SDC Enterprises Ltd., a US-based textile testing company, launched a sodium percarbonate product that serves as a solid source of hydrogen peroxide when dissolved in water. This eco-friendly compound is widely used in bleaching and cleaning applications, offering a sustainable and effective solution for modern consumer demands.
Purchase The Global Sodium Percarbonate Market Report Directly And Get A Swift Delivery
Global Sodium Percarbonate Market Segmentation
The sodium percarbonate market covered in this report is segmented –
1) By Type: Coated, Uncoated, Tablet
2) By Application: Detergent Agent, Bleaching Agent, Cleaning Agent, Water Treatment, Other Applications
3) By End-Use: Household Cleaning, Laundry, Industrial Cleaning, Textile Industry, Chemical Industry, Papermaking Industry, Food Industry, Other End-Uses
By Geography:The regions covered in the sodium percarbonate market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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 Sodium Percarbonate Global Market Report 2024 furnishes information about the global sodium percarbonate market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
