The sodium percarbonate market has shown moderate growth in recent years, and is expected to experience a lower growth trend over the forecast period through 2030. In terms of supply, the market has shown fluctuations during the past half-decade. However, demand for sodium percarbonate has been gradually increasing during the same period. This rift has led to increasing prices of raw materials as well as sodium percarbonate in recent times.
Overall, the sodium percarbonate market is expected to show moderate growth in terms of value during the forecast period, while growth in volume is expected to be low. Investments by companies to increase penetration, increasing demand for cleaning products and disinfectants, are expected to drive the expansion of the sodium percarbonate market size over the coming years.
Sodium Percarbonate Market Drivers
Use of sodium percarbonate for laundry has been constant, and is expected to increase during the forecast period. Demand for bleaching agents in textile and laundry industries is expected to gain significant traction during the forecast period. Growing need for wastewater treatment is expected to boost demand for sodium percarbonate. Scarcity of clean water is expected to further increase over the coming years. As sodium percarbonate is permissible for usage in conventional and organic aquaculture, demand in fish farming is expected to be moderate over the coming years.
Demand for the uncoated type accounts for a higher share in the sodium percarbonate market, but need for long-term storage in multiple end-use industries has been driving demand for coated sodium percarbonate. Demand for coated sodium percarbonate is expected to see significant traction from textile and laundry industries during the forecast period.
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Regional Outlook of Sodium Percarbonate Market
East Asia currently accounts for highest sodium percarbonate market share, and is expected to experience moderate growth in comparison with other regions. South Asia and Oceania is expected to be the fastest growing region, portraying a CAGR of more than 2% over the forecast period. Countries such as India, China, and other ASEAN countries are expected to be at the forefront of growth in demand for sodium percarbonate. Asia Pacific is expected to present lucrative opportunities due to consistent demand for sodium percarbonate during the forecast period.
For deeper knowledge surrounding the growth prospects of regional markets for sodium percarbonate, ask an expert analyst
Global Sodium Percarbonate Market: Competitive Analysis
The sodium percarbonate market has seen multiple fluctuations in recent years. These variations in the market have been due to restructuring of top tier players.
- Kemira Oyj announced the closure of its production line for sodium percarbonate in fourth quarter of 2018. Exit of the company affected the sodium percarbonate market during 2019.
- In 2015, Solvay SA announced the closure of its sodium percarbonate production line in Rosignano, Italy. The company still operates in the market through a plant in Hönningen, Germany.
These changes of top tier players have had a significant effect on the sodium percarbonate market, and are expected to have a moderate impact on the growth of the sodium percarbonate market during the forecast period.
COVID-19 Impact on Sodium Percarbonate Market
The COVID-19 crisis has had low impact on the sodium percarbonate market, with lower trade volumes and imposition of regulations. Lowered demand from the industrial sector has had a high impact during the COVID-19 crisis. Sales during the third quarter showed a significant recovery due to rising demand from the commercial sector. Residential demand during the COVID-19 crisis was slightly impacted due to shortages in inventory in some regions, but the overall impact during 2020 is estimated to be minimal.
Long-term impact of the COVID-19 crisis is expected to be positive on demand for sodium percarbonate, due to rising demand for disinfectants and cleaning supplies.
The Analyst’s Viewpoint
“Investments towards increasing production of coated sodium percarbonate are expected to be highly beneficial for players in the market. Growing sporadic nature of demand for bleaching agents is expected to be highly beneficial for coated sodium percarbonate.”
Sodium Percarbonate Market: About the Report
Fact.MR published an exclusive forecast report on the sodium percarbonate market for 2020 to 2030. The foremost objective of this report on the sodium percarbonate market is to pitch spearhead insights on the market scenario, demand generators, and technological advancements in the market. Also, the study on the sodium percarbonate market addresses key dynamics that are expected to diversify the sales and future prominence of sodium percarbonate.
The report on the sodium percarbonate market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the sodium percarbonate market, elaborating on key segments. Also, the report outlines visionary insights on the dynamics of the sodium percarbonate market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with key buying factors for sodium percarbonate. Supply chain analysis and pricing analysis of the sodium percarbonate market along with the difference between sodium percarbonate used as per application have also been included in the report, to help readers clearly understand the product framework map in the global sodium percarbonate market.
A recent study by Fact.MR on the sodium percarbonate market offers a 10-year forecast from 2020 to 2030. The study analyzes crucial trends that are currently determining the growth of the sodium percarbonate market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of sodium percarbonate. The study also provides the dynamics that are expected to influence the future status of the sodium percarbonate market over the forecast period.
A detailed assessment of value chain analysis, business executions, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the sodium percarbonate market enhances the reliability of this comprehensive research study.
Sodium Percarbonate Market: Report Summary
The study offers a comprehensive analysis on diverse features, including demand, product developments, policy & regulatory landscape, revenue generation, and sales in the sodium percarbonate market across the globe.
A comprehensive estimate on the sodium percarbonate market has also been considered through an optimistic scenario as well as a conservative scenario regarding the sales of sodium percarbonate during the forecast period. Price point comparison by region with global average price is also considered in the study.
Sodium Percarbonate Market: Segmentation
Fact.MR has studied the sodium percarbonate market with detailed segmentation on the basis of type, end use, and region.
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Sodium Percarbonate Market: Analysis on Market Size Evaluation
The study provides each market segment in terms of value (US$ Mn) analysis in the sodium percarbonate market.
Market estimates at global and regional levels for sodium percarbonate are available in terms of “US$ Mn” for value and “Kilo tons” in terms of volume. A Y-o-Y growth contrast on prominent sodium percarbonate market segments, along with market attractiveness evaluation, has been incorporated in the report. Another key feature of the sodium percarbonate market report is the analysis of all key segments in terms of absolute dollar. Absolute dollar opportunity is critical in assessing the level of opportunity that a manufacturer can look to achieve as well as identify potential resources, from sales and delivery perspectives in the sodium percarbonate market.
Sodium Percarbonate Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which help deliver projections on regional markets. This chapter include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the sodium percarbonate market during the forecast period.
Country-specific valuations on demand for sodium percarbonate have been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of prominence in regions and countries. Regional market Y-o-Y growth estimates have also incorporated in the report.
Detail breakup in terms of value for emerging countries has also been included in the report.
Sodium Percarbonate Market: In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers in the sodium percarbonate market, along with their detailed profiles. Essential and up-to-date data related to market players who are principally engaged in the production of sodium percarbonate has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit report readers to take preemptive steps in advancing their businesses.
Company profiles have been combined in the report, which include essentials such as product portfolios, along with an all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all prominent players, thus providing readers with actionable insights, which help in thoughtfully presenting the market status, and predicting the competition levels in the sodium percarbonate market. Prominent companies operating in the global sodium percarbonate market include Evonik Industries, Solvay SA, OCI Peroxygens LLC, Khimprom PJSC, AG Chem Group s.r.o, Hongye Chemical Group Co. Ltd., JIANGXI UNIC PEROXIDE CO. Ltd., JINKE Company Limited, Jilin Shuang ou Chemical Co. Ltd, Jiangxi Boholy Chemical Co. Ltd., Wuxi Wanma Chemical Co., Ltd, and Ak-kim, among others.
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Sodium Percarbonate Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030