What Is The Scope Of The Global Sodium Percarbonate Market?
Sodium percarbonate is a chemical compound composed of sodium carbonate and hydrogen peroxide, often used as an environmentally friendly bleaching agent. It releases oxygen when dissolved in water, making it effective for stain removal, disinfecting, and deodorizing. Its formula is Na2CO3·1.5H2O2, combining the cleaning properties of sodium carbonate and the oxidizing power of hydrogen peroxide. Sodium percarbonate is biodegradable and breaks down into natural components.
Sodium Percarbonate Global Market Report 2024 provides data on the global sodium percarbonate market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The sodium percarbonate market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Forecasted Market Size And Growth Rates For Global Sodium Percarbonate ?
The sodium percarbonate market has grown steadily, and it will rise from $1.19 billion in 2023 to $1.30 billion in 2024, reflecting a CAGR of 9.1%. Growth is driven by consumer awareness of environmental issues, urbanization, and higher standards of living, with a shift toward sodium percarbonate as a safer alternative in water treatment and laundry products. By 2028, the market is expected to reach $1.84 billion, growing at a CAGR of 9.2%. Key drivers include the emphasis on sustainability, the need for eco-friendly solutions, the growing e-commerce sector, water scarcity issues, and stricter environmental regulations. Trends to monitor include green chemistry, environmentally safe products, and the increasing use of sodium percarbonate in textiles and cleaning products.
What Factors Are Driving Growth In The Sodium Percarbonate Market?
The growing consumer demand for detergents is anticipated to drive the sodium percarbonate market's growth. Detergents, which are substances with cleansing properties when diluted in water, have seen increased demand due to heightened hygiene awareness, urbanization, rising disposable incomes, technological advancements, and environmental considerations. Sodium percarbonate plays a vital role in detergents by providing effective bleaching and cleaning properties while being an eco-friendly alternative to harsher chemicals. For example, in June 2023, Procter & Gamble reported net sales of $28,371 million for fabric and home care products, marking a 3% increase from the $27,556 million recorded in 2022 and an 8% rise in organic sales. As a result, the rising demand for detergents is fueling the growth of the sodium percarbonate market.
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What Are The Main Segments Of The Global Sodium Percarbonate Market?
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
What Emerging Trends Are Influencing The Growth Of The Sodium Percarbonate Market?
The sodium percarbonate market is witnessing a focus on innovative products like coated sodium percarbonate for a competitive edge. These compounds offer enhanced stability and performance. In June 2022, SDC Enterprises Ltd. introduced coated sodium percarbonate for use in bleaching and cleaning applications, addressing the demand for eco-friendly solutions while maintaining effectiveness.
What Is The Largest Region In The Sodium Percarbonate Market?
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.
