Sodium Percarbonate Market Report By Type (Coated Sodium Percarbonate, Uncoated Sodium Percarbonate), By End Use (Laundry, Cleaning, Water Treatments, Chemicals, Textiles, Pulp & Paper) - Regional Forecast 2021-2031

Market Snapshot

Sodium percarbonate market value is estimated to reach US$ 581 Mn by the end of 2021, as per Fact.MR analysis. As such, sodium percarbonate consumption will account for 3% of the total bleaching chemicals market.

Additionally, the global sodium percarbonate business is set to reach a valuation of US$ 670 Mn by 2031, owing to high sodium percarbonate consumption for laundry and cleaning purposes, reveals Fact.MR, a market research and intelligence provider.

Global volume consumption of sodium percarbonate, also known as sodium hydrogen carbonate, sodium bicarb, and baking soda, stood at around 1,106 kilo tons in 2020, accounting for 3.7% of total bleaching agent chemical consumption, and is poised to rise at a CAGR of around 2.8% to reach a volume of around 1,500 kilo tons by 2031-end.

Consumption Analysis of Sodium Percarbonate from 2016 to 2020 Vs Market Outlook for 2021 to 2031

As per the latest report published done by Fact.MR, sodium percarbonate revenue in the past half-decade increased at a CAGR of around 2.3%, which can be attributed to rising sodium percarbonate uses, such as in laundry, textiles, water treatment, and cleaning purposes.

Further, rising demand for sodium percarbonate in the pulp & paper industry is poised to uphold market growth at a CAGR of around 3.1% over the next ten years.

Growth of sodium percarbonate over the past half-decade has mainly been driven by its increased usage as a bleaching agent for laundry purposes. For instance, around 575 kilo tons of the total sodium percarbonate produced globally was consumed by laundry as an end use in 2020. This end use is further projected to increase its market share by around 80 BPS by 2031.

Will Rising Usage of Sodium Percarbonate in Cleaning Applications Drive Market Growth?

End use of sodium percarbonate in industrial and residential cleaning is projected to provide consistent growth in demand for the chemical over the forecast period, while being valued at US$ 240 Mn by 2021-end. Additionally, the segment is poised to account for around 411 KT in terms of volume, accounting for around 36% of the total volume share by 2021-end.

Attributed to this, surge in the use of sodium percarbonate for cleaning applications is poised to provide an absolute $ opportunity worth US$ 90 Mn over the next ten years.

• Laundry, as an end use, to hold over 52% share of sodium percarbonate consumed across the globe by 2031.
• China accounted for a major chunk in the sodium percarbonate revenue share, with this market anticipated to rise at a steady CAGR of 4.5% through 2031.
• Uncoated sodium percarbonate to hold the highest market share and progress at a CAGR 2.8% during the forecast period.
• Demand for sodium percarbonate in laundry as an end use is anticipated to grow at a substantial rate over the decade.
• Sodium percarbonate price to remain relatively stable over the years.

What are the Major Driving Factors for Sodium Percarbonate Demand?

Consumption of sodium percarbonate as an end use in laundry has been constant, and is expected to increase during the forecast period. For instance, laundry accounts for 52% of the total sodium percarbonate revenue share.

Additionally, demand for bleaching agents in textile and laundry industries is expected to gain significant traction during the forecast period, thus providing a positive outlook to sodium percarbonate sales for the years ahead.

Scarcity of clean water is expected to further increase over the coming years, and hence, growing need for wastewater treatment is expected to boost demand for sodium percarbonate, which is projected to hold around 4% of the total revenue share in 2021.

Over the past half-decade, sodium percarbonate consumption in organic aquaculture has picked up pace, and demand from fish farming is expected to propel market growth of the chemical over the coming years.

Moreover, demand for uncoated sodium percarbonate accounts for 72% share in the market, but the need for long-term storage in multiple end-use industries has been driving demand for coated sodium percarbonate.

Country-wise Analysis

What Makes China a Huge Consumer of Sodium Percarbonate?

China showcases high growth for the consumption of various bleaching agents such as hydrogen peroxide, acetone peroxide, chlorine dioxide, and sodium percarbonate. Mounting consumption of these bleaching agents in the country can be attributed to the chemical’s high end-use application in laundry, textiles, cleaning, and water treatment.

Additionally, China’s sodium percarbonate sales over the past half-decade have increased at a CAGR of around 3.1% while holding around 57% of the total East Asia market revenue share in 2020.

The market in China is projected to provide an absolute $ opportunity worth US$ 65 Mn while rising at a CAGR of 4.5% over the decade.

How Much Revenue Does the U.S. Hold for Sodium Percarbonate? 

The U.S. is poised to provide lucrative opportunity for the sales of sodium percarbonate owing to rise in consumption of the chemical mainly in laundry application. Well-established coin laundry services all across the U.S. is poised to provide a positive outlook to U.S. market for sodium percarbonate.

As such, the U.S. sodium percarbonate market is projected to provide an absolute $ opportunity worth US$ 20 Mn by 2031 while progressing at a CAGR of around 2.1%.

Category-wise Analysis

Which Sodium Percarbonate Type is Preferred Globally?

Uncoated sodium percarbonate is being highly demanded for various end uses as opposed to coated percarbonate and stabilized percarbonate, such as laundry, cleaning, textiles, and water treatments. This is mainly attributed to uncoated sodium percarbonate’s use-case as a high-performance and low-temperature bleaching chemical.

Thus, uncoated sodium percarbonate has gained popularity and is now being widely used as a replacement for sodium perborate in bleaching powders, personal care products, detergents, and cleaning agents.

Attributed to such a wide range of application for uncoated sodium percarbonate, it is projected to hold 70% of the total market share by 2031-end.

Moreover, uncoated sodium percarbonate is poised to provide stupendous absolute $ opportunity worth US$ 150 Mn over the next ten years.

Which Sodium Percarbonate End Use Will Propel Demand Over the Decade?

Laundry as an end use is projected to drive consistent demand for sodium percarbonate over the next ten years. Over the past half-decade, there has been constant ongoing discussion for the eradication of toxic bleaching and cleaning agents in laundry applications.

Hence, sodium percarbonate’s environment-friendly attributes has increased the usage of sodium percarbonate cleaning applications, and thus, laundry, as an end use, in projected to hold 52% of the total market share by 2031.

Attributed to the above-mentioned factors of the sodium percarbonate formula, the laundry segment is projected to provide an incremental $ opportunity worth US$ 115 Mn over the decade.

COVID-19 Impact on Market

The COVID-19 crisis had a moderate impact on the sales of sodium percarbonate, with lower trade volumes and imposition of regulations. Lowered demand from the industrial sector had a high impact during the COVID-19 crisis.

Sales during the third quarter of 2020 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 overall impact during 2020 was estimated to be minimal.

Long-term impact of the COVID-19 crisis is expected to be positive on the demand for sodium percarbonate due to rising need for disinfectants and cleaning supplies across the world.

Competitive landscape

These players, over the years, have opted for in organic growth strategies such as acquisitions, collaborations, and partnerships. Moreover, over the past half-decade, sodium percarbonate companies have carried out extensive divestment strategies, thus downsizing the scope of their sodium percarbonate business activities.

Such key developments can be seen across the industry and have been included in the detailed published report by Fact.MR.

Sodium Percarbonate Industry Report Scope

Key Segments Covered in Sodium Percarbonate Industry Survey

• By Type

  • Coated Sodium Percarbonate
  • Uncoated Sodium Percarbonate

• By End Use

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