Sodium Percarbonate Market

The market CAGR for sodium percarbonate is driven by the rising utilization of sodium percarbonate as a disinfectant. The worldwide market for sodium percarbonate is expanding. The sodium percarbonate business in the worldwide market is driven by numerous uses of sodium percarbonate in cleansing goods such as washing clothes, washing dishes, and cleaning the floors in residences. The sodium percarbonate market is another element driving the worldwide market in the personal care, health care, and food service sectors.

Because it is an environmentally friendly element, its Application in bleaching agents, cleaning agents, washing clothes, personal hygiene, and cosmetics promotes the overall sodium percarbonate industry worldwide.

Additionally, the different antibacterial qualities of sodium percarbonate have increased the usage of sodium percarbonate as an antibacterial cleaner in the worldwide market, giving various potential prospects over the anticipated period. Furthermore, whenever oxygen, sodium carbonate, and moisture are combined with sodium percarbonate, the resulting chemicals are considered harmless to the environment. It is employed as an environmentally friendly bleaching treatment, offering several potential prospects in the worldwide market. This, in turn, will likely drive expansion in the worldwide sodium percarbonate market throughout the projected timeframe.

The worldwide  COVID-19  pandemic has harmed people's daily working lives. The outbreak has thrust the economy into an unavoidable recession. With the expanding surge of COVID-19, everyone now needs to cope with financial and health difficulties. Because of the lockdown, most of the production units in the sodium percarbonate sector had to shut down, resulting in a drop in sales. This worldwide epidemic has also had an impact on the ways of distribution. The market is predicted to recover from COVID-19 conditions by the end of the 2nd quarter of the following year within the forecasted timeframe.

For instance, based on the 'Activity & Sustainability Overview 2018-19' published by the International Association for Soaps, Detergents, and Maintenance Products in 2019, the household and personal care and specialized cleaning and personal hygiene sector across Europe was estimated at approximately US$ 40.84 billion in 2018, up from US$ 39.95 billion in 2017. Common household items include laundry care goods, floor maintenance goods, dishwashing services, and bleach. Thus, it is anticipated that demand for Sodium Percarbonate will increase throughout the projection timeframe due to the rising utilization of sodium percarbonate as a disinfectant.

Thus, driving the Sodium Percarbonate market revenue.November 2023

It is the most recent development in the relationship between BYD and Huaihai, which in June inked a strategic cooperation agreement to establish a joint venture to construct a sodium-ion battery manufacturing facility in the Xuzhou Economic and Technological Development Zone. This is the most recent development in the alliance.

It is important to take note of the fact that the price of lithium carbonate has seen a significant decline over the course of the last year, which may be a factor that is preventing the development of sodium-ion batteries.

The Global Sodium Percarbonate Market Industry is poised for substantial growth, with projections indicating a market size of 0.72 USD Billion in 2024 and an anticipated increase to 4.14 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 17.24% from 2025 to 2035. Such figures underscore the increasing adoption of sodium percarbonate across various sectors, driven by its versatility and effectiveness as a cleaning and bleaching agent. The market's expansion reflects broader trends towards sustainability and health consciousness, positioning sodium percarbonate as a key player in the global chemical landscape.

The Global Sodium Percarbonate Market Industry is significantly influenced by the expansion of the textile industry, particularly in developing regions. Sodium percarbonate is utilized in textile processing for bleaching and cleaning purposes, enhancing the quality of fabrics. As the textile sector continues to grow, driven by rising consumer demand for apparel and home textiles, the need for effective bleaching agents like sodium percarbonate is expected to increase. This trend is likely to contribute to the market's growth, with projections indicating a rise to 4.14 USD Billion by 2035. The textile industry's expansion thus presents a substantial opportunity for sodium percarbonate manufacturers.

The Global Sodium Percarbonate Market Industry benefits from the rising awareness of health and hygiene among consumers. Sodium percarbonate is recognized for its disinfectant properties, making it an attractive option for households and commercial cleaning applications. As public health initiatives emphasize cleanliness, the demand for effective and safe cleaning agents is on the rise. This trend is expected to drive the market forward, with a projected compound annual growth rate of 17.24% from 2025 to 2035. The increasing focus on hygiene not only enhances the market potential for sodium percarbonate but also encourages innovation in product formulations.

The Global Sodium Percarbonate Market Industry is positively impacted by regulatory support for sustainable chemicals. Governments worldwide are implementing policies that promote the use of environmentally friendly substances in various applications, including cleaning and textile processing. Sodium percarbonate, being a biodegradable and non-toxic compound, aligns well with these regulations. This support encourages manufacturers to adopt sodium percarbonate in their products, thereby expanding its market presence. The favorable regulatory landscape is likely to enhance the growth prospects of the sodium percarbonate market, as companies seek to comply with sustainability standards and consumer expectations.

The Global Sodium Percarbonate Market Industry experiences a notable increase in demand for eco-friendly cleaning products. As consumers become more environmentally conscious, manufacturers are incorporating sodium percarbonate as a key ingredient in their formulations. This compound is favored for its ability to release oxygen upon dissolution, effectively removing stains and disinfecting surfaces without harmful residues. The market is projected to reach 0.72 USD Billion in 2024, reflecting a growing trend towards sustainable cleaning solutions. This shift not only aligns with consumer preferences but also supports regulatory initiatives aimed at reducing the environmental impact of cleaning agents.

The Global Sodium Percarbonate Market Industry is witnessing technological advancements in production processes, which enhance efficiency and reduce costs. Innovations in manufacturing techniques allow for the production of high-purity sodium percarbonate, meeting the increasing quality demands from various sectors. These advancements not only improve the competitiveness of sodium percarbonate in the market but also enable manufacturers to scale operations effectively. As production becomes more efficient, the market is expected to grow, with sodium percarbonate gaining traction in diverse applications. The ongoing improvements in production technology thus play a crucial role in shaping the future of the sodium percarbonate market.

By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Sodium Percarbonate market area is expected to grow and expand rapidly during the projected timeframe because of the rising demand for cleaning chemicals and detergents. In addition, the growing health awareness and positive growth of the cleaning sector will boost the market growth in this region.

Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Sodium Percarbonate Market Share by Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Europe region’s Sodium Percarbonate market accounts for the second-largest market share because of the rise of numerous industries such as home, industrial cleaning, and laundry; the market accelerates and keeps growing. Further, the German Sodium Percarbonate market held the largest market share, and the UK Sodium Percarbonate market is expected to grow and expand rapidly in the European region during the projected timeframe.

The Asia-Pacific Sodium Percarbonate Market will dominate the market during the projected timeframe. This is due to the increasing requirement for sodium percarbonate in many nations around the area, and the standard of living is another factor driving the need for sodium percarbonate in the APAC region. Moreover, China’s Sodium Percarbonate market dominated the market share, and the Indian Sodium Percarbonate market is expected to grow steadily in the Asia-Pacific region during the projected timeframe.

Leading market players invested heavily in research and development (R&D) to scale up their manufacturing units and product lines, which will help the Sodium Percarbonate market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with important market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings.

The Sodium Percarbonate industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.

Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the key business strategies organizations use in the Sodium Percarbonate industry to benefit customers and capture untapped market share and revenue. The Sodium Percarbonate industry has recently offered significant advantages to the laundry and cleaning industry. Moreover, more industry participants are utilizing and adopting cutting-edge technology has grown substantially.

Major players in the Sodium Percarbonate market, including Solvay AG, Evonik Industries AG, OCI Peroxygens LLC, Kemira, Khimprom, HOGYE HOLDING GROUP CORPORATION LIMITED, JINKE Company Limited., Jiangxi Boholy Chemical Co., Ltd, Wuxi wanma chemical co.,ltd, Hodogaya Chemical Co., Ltd., is attempting to expand market share and demand by investing in research and development (R&D) operations to produce sustainable and affordable solutions.

Tata Chemicals is a science-driven corporation with a product portfolio that includes basic and specialty chemicals. The company's tale is about utilizing the rewards of science for purposes other than profit. Tata Chemicals may be traced back to its parent company Okhamandal Salt Works, founded in 1927. The firm is divided into basic chemical products and specialty goods. The company makes and distributes specialty nutritional supplements named Tata NQ, most of which are Fructooligosaccharide (FOS), a prebiotic dietary fiber. TATA Chemicals Ltd. will open its biggest Carbon Capture Facility in the United Kingdom in June 2022.

This facility will absorb carbon dioxide  (CO2) from the environment and eventually be able to produce sodium goods like Sodium Percarbonate, having a minimally feasible carbon footprint.

Solvay SA is an industrial chemical and plastic-based item manufacturer and distributor. Ernest Solvay created the corporation in 1863, with its head office in Brussels, Belgium. Advanced Formulations and Materials, Administrative and Company Services, and Performance Chemicals are its business segments.   They offer products in various sectors, including aviation, renewable energy, automobiles, chemical-based building & construction, household goods, food and beverages, and natural gas and oil. In September 2019, Solvay SA developed an additional manufacturing capacity at its Green River Site in Wyoming, USA, which would expand soda ash output by 600 kilotonnes to meet rising worldwide demand.