Description:-
Global Sodium Percarbonate Market Information- by type (coated, uncoated and tablet), By Application (detergent agent, bleaching agent, cleaning agent, water treatment and others), by End use (household cleaning, laundry, industrial cleaning, textile industry, papermaking industry, food industry, chemical Industry , and others) and by Region (North America, Europe, Asia Pacific, Middle East, Latin America) – Forecast to 2023
Market Synopsis of Global Sodium Percarbonate Market:
Sodium percarbonate is highly crystalline powder used for cleaning purpose. It is colorless, hygroscopic, water soluble solid which is an addition product of sodium carbonate and hydrogen peroxide. Sodium percarbonate is mainly available in coated and uncoated form, whereas it is widely being available in tablet form especially in water treatment applications. It is mainly used as detergent agent, cleaning agent, bleaching agent in most of the cleaning applications. Use of tablet type of sodium percarbonate is growing at a moderate pace as it is comparatively easy to use in end use applications than powder form.
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As per the MRFR analysis, global sodium percarbonate market anticipated to witness significant growth in coming years and reach USD 1,950 million by 2023, growing at CAGR of 8.24%. Household cleaning applications holds major demand for sodium percarbonate over the years and driving global growth. Factors including increasing per capita income, consistent growing population, and favorable government regulations encouraging global demand. Furthermore, textile industry extensively uses sodium percarbonate for bleaching purposes which is emerged as an important growth driver. Growing purchasing power linked with demand for customized clothing has played crucial role. On the other hand, coated type of sodium percarbonate was dominated global market and accounted for 68% global share growing at 8.27% followed by uncoated sodium percarbonate. Coated type is highly favorable among end use industries including household cleaning, textile, and papermaking. Based on applications, detergent agents occupied majority of the market and accounted for 48% global share. Household and industrial cleaning applications have led the domination of this segment in 2016. On the basis of end use industries household cleaning single handedly driving global growth followed by commercial laundry. Household industry covered almost more than half of the market growing at CAGR of 8.24%. Additionally, laundry (commercial) growing at highest CAGR of 8.24% which is expected to progress in global shares in the coming years due to growing economic development across the major economies.
Sodium Percarbonate Market Share, by application 2016 (%)
Regional Analysis
The global sodium percarbonate market is spanned across Asia Pacific, Europe, North America, Middle East, and Latin America. As of 2016, Europe was the largest sodium percarbonate market both in terms of value and volume. The region accounted for largest global market shares of 41% and it is expected to grow at significant CAGR of 8.31% during the review period. Growth in this regional was attributed to growing production of sodium percarbonate in this region along with active presence foremost manufacturers. Moreover, household cleaning applications linked with commercial laundry were growing significantly across Europe which is considered as key growth drivers. Germany, UK, and Russia are the key growth contributing markets, wherein Germany was the largest contributor growing at aggressive CAGR of 8.40%.
Asia Pacific region accounted for 30% of global shares and represent dynamic growth for sodium percarbonate in the years to come. The region is growing at healthy CAGR of 8.25% driven by growing industrial investment across the key economies in this region. China was the major contributor in this region in 2016 which has presence of large number of mid-scale sodium percarbonate manufacturers. North America holds relatively smaller regional shares as compared to Europe and Asia Pacific and is growing at steady CAGR over the years. The U.S. and Canada are the markets driving North American regional growth. In 2016, the U.S. has generated majority revenue of USD 156.8 million in this region due to growth in commercial laundry and industrial cleaning applications.
Segmentation
The global sodium percarbonate market is segmented on the basis of derivative type, application, end use and Region. On the basis of type market has been segmented into coated, uncoated and tablet. Market segmentation on the basis of application includes detergent agent, bleaching agent, cleaning agent, water treatment and others. Based on the end use industries market segmented into household cleaning, laundry, textile, papermaking, chemical food and others. Based on regions, market is segmented into- North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Key Players
The key players in market includes 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, and Hodogaya Chemical Co., Ltd among others.
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Table Of Contents – Major Key Points
1 Report Prolouge 14
2 Market Definition 16
2.1 Market Definition 16
2.2 Scope of the Study 16
2.3 Research Objectives 16
2.4 Assumptions 16
2.5 Limitations 17
2.6 Markets Structure 17
3 Research Methodology 18
3.1 Research Process 18
3.2 Primary Research 19
3.3 Secondary Research 19
3.4 Market Size Estimation 20
3.5 Forecast Model 21
4 Market Dynamics 22
4.1 Drivers 22
4.1.1 Growing applications of sodium percarbonate in household cleaning fuelling the market growth 22
4.1.2 Growing textile industry led to increasing demand for sodium percarbonate 23
4.1.3 Increasing industrial application stimulated sodium percarbonate demand. 23
4.2 Restraints 24
4.2.1 Side effects pertaining to health caused by sodium percarbonate anticipated to pose as a growth barrier. 24
4.2.2 Availability of substitute expected to limit market growth. 24
4.3 Opportunities 25
4.3.1 Increasing population anticipated to provide several growth prospects in household application. 25
4.3.2 Use of sodium percarbonate as disinfectant in food and pharmaceutical industries likely to provide growth opportunities. 25
4.4 Trends 26
4.4.1 Sodium percarbonate tablet is increasingly used in the water treatment applications. 26
5 Market Factor Analysis 27
5.1 Supply Chain Analysis 27
5.1.1 Raw Material 27
5.1.2 Process Manufacturing (Sodium Percarbonate Producers) 27
5.1.3 Distributors 28
5.1.4 End Users 28
5.2 Porter’s 5 Forces Analysis 28
5.2.1 Competitive Rivalry (High) 28
5.2.2 Threat of New Entrants (High) 29
5.2.3 Threat of Substitute (Relatively Medium) 29
5.2.4 Bargaining Power of Supplier (Medium) 29
5.2.5 Bargaining Power of Customer (Medium) 29
6 Global Sodium Percarbonate Market, By Type 31
6.1 Introduction 31
6.2 Coated Sodium Percarbonate 33
6.3 Uncoated Sodium Percarbonate 34
6.4 Tablet Sodium Percarbonate 35
Continued……
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