The Sodium Percarbonate market has been facing several challenges in recent years. The increasing environmental concerns, the availability of alternatives, the fluctuating prices of raw materials, and the lack of awareness among consumers are some of the major factors that are hampering its growth. However, the Sodium Percarbonate market still has immense potential, and manufacturers need to invest in research and development to create new, innovative products that meet the changing needs of consumers. Moreover, manufacturers also need to focus on increasing awareness among consumers and promoting the benefits of Sodium Percarbonate to drive demand for the compound. Moreover, the lack of awareness has also led to a lack of investment in the development of new products based on Sodium Percarbonate, which has hindered the growth of the market.
The Sodium Percarbonate market is experiencing steady growth due to a variety of factors, including the increasing demand for eco-friendly cleaning products, the demand for laundry detergents that can remove tough stains without damaging fabrics, the demand for water treatment products, the demand for personal care products that are gentle on the skin, the demand for food grade and pharmaceutical grade products, the demand for agricultural products, and the increasing demand in emerging markets. With its numerous benefits and applications, the Sodium Percarbonate Market is expected to continue to grow in the coming years. This has led to a decrease in the production of Sodium Percarbonate, as manufacturers are hesitant to invest in a market that is highly dependent on volatile raw material prices.
The Sodium Percarbonate market is also facing stiff competition from other oxygen-based bleaching agents. Hydrogen peroxide, for example, is a popular alternative to Sodium Percarbonate, as it is readily available and less expensive. Moreover, hydrogen peroxide is also biodegradable, which makes it a more environmentally friendly option. This has led to a decrease in the demand for Sodium Percarbonate, as consumers are opting for more affordable and environmentally friendly alternatives. The Sodium Percarbonate market is highly dependent on the price of raw materials. The two main raw materials used in the production of Sodium Percarbonate are soda ash and hydrogen peroxide. The prices of these raw materials are highly volatile, and any fluctuations in their prices can have a significant impact on the profitability of Sodium Percarbonate manufacturers.
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Market Research Future Published a Half-Cooked Research Report on Sodium Percarbonate Market Research Report – Global Forecast to 2023Sodium Percarbonate (SPC), is an adduct of highly concentrated hydrogen peroxide and sodium carbonate in a non-aqueous form.
The enormous growth of the market attributes to the increased absorption of SPC in prominent end-use industries.Additional factors fueling the Sodium Percarbonate Market include growing population and improving economic conditions that have substantiated the industrialization and urbanization alongside, the purchasing power of consumers.
Increasing demand for the latest clothing and the rapidly growing fashion industry are some of the key factors fostering market growth, driving the textiles industry.On the other hand, spreading awareness towards the toxicity level associated with the SPC is a key factor expected to impede the market growth over the forecast period.
These players adopt strategic approaches, such as acquisition, collaboration, expansion, and technology launch to churn the competition and thus to maintain their positions in the market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/835Major Players:Key players leading the Global Sodium Percarbonate Market include Evonik Industries AG, Solvay AG, OCI Peroxygens LLC, Khimprom, Kemira, JINKE Company Limited., Hogye Holding Group Corporation Limited, Jiangxi Boholy Chemical Co.Ltd., Hodogaya Chemical Co., Ltd., and Wuxi Wanma Chemical Co.Ltd., among others.Industry/ Innovation /Related News:July 11, 2019 ---- Solvay S A (Belgium), a leading chemical company, announced the expansion of production capacity in its hydrogen peroxide plant in Belgium, where its debottlenecking project exists.
Strong presence in the EMEA zone would enable Solvay to ensure the reliable supply of hydrogen peroxide, peracetic acid, and sodium percarbonate (SPC) in the region.Solvay is continuously investing in its production capacities in Europe and Middle East, following the market demand.
These investments in Belgium, Germany, and Finland are part of its long-term development plan to optimize its existing production units and reliably delivery of the products.
A new study on the Sodium Percarbonate powder Market provides a detailed overview of the demands and consumptions of various products/services associated with the growth dynamics of the market during the historical period 2015 – 2019.
The in-depth market estimation of various opportunities in the segments is expressed in volumes and revenues during the forecast period 2020 to 2030.
The insights and analytics on the Sodium Percarbonate market span several pages.
These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.
The sodium percarbonate market revenues are projected to roughly record a CAGR of 3% through 2029.Key stakeholders in the Sodium Percarbonate market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.
Many in recent months have overhauled their strategies to remain agile in the backdrop of worldwide disruptions caused by the COVID-19 pandemic.
Sodium Percarbonate Market has encountered considerable growth in the recent years and is anticipated to grow tremendously over the forecast period.
It is a hygroscopic, colourless, and water dissolvable solid with compound formula (2Na2CO3 · 3 H2O2).
As it have attributes of hydrogen peroxide and Sodium Carbonate, it finds wide application scope as a bleaching agent, cleaning specialist, detergent, and is additionally utilized as a part of water treatment in various end use enterprises, for example, laundry, household cleaning, papermaking industry, industrial cleaning, papermaking industry, and food industry among others.
The global Sodium Percarbonate market was 460 million US$ in 2018 and is expected to 430 million US$ by the end of 2025, growing at a CAGR of -0.9% between 2019 and 2025.Drivers and RestraintsThe main growth aspects observed in the Global Sodium Percarbonate Market incorporate development of the papermaking industry, expanding interest for Sodium Percarbonate based products, and good government controls.
On the basis of end user the market is segmented into Papermaking Industry, Laundry, Industrial Cleaning, Textile Industry, Chemical Industry, Household Cleaning, Food Industry and Others.Regional Outlook and Trend AnalysisEurope developed as the main Sodium Percarbonate market in 2016, driven by the development of various enterprises, for example, household, laundry, and industrial cleaning.
Asia Pacific area represented around 31% of the general piece of the overall industry in 2016 and is anticipated to witness significant growth over the estimate time frame.Competitive InsightsThe leading players in the market are Kemira, OCI Peroxygens LLC, Wuxi Wanma Chemical Industry Limited Company, Hodogaya Chemical Co Ltd, Khimprom Novocheboksarsk, Jiangxi Boholy Chemical Co, Evonik Industries, Zhejiang Jinke Culture, Solvay AG and Hongye Holding Group Corporation limited.
The Fact.MR study finds that the demand for sodium percarbonate is being buoyed by its extensive functional benefits in both industrial and household cleaning applications.
Powerful bleaching, disinfection, and cleaning capabilities are the key attributes that are highly likely to remain key influencers, sustaining sodium percarbonate sales over the forthcoming years.
Fact.MR study presents a long-term outlook of the sodium percarbonate market for the period 2019 to 2029.
The sodium percarbonate market revenues are projected to roughly record a CAGR of 3% through 2029.Each segment of the sodium percarbonate market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:North America (Canada, US)Latin America (Argentina, Mexico)Europe (NORDIC, UK)MEA and JapanAPEJ (China, India)According to the study, significant adoption of sodium percarbonate for laundry and cleaning applications, which collectively contributed to nearly 90% sales in 2018, continue to uplift the market growth significantly.
Moreover, the growing use of sodium percarbonate as a formulating ingredient in deck, carpet, household, and laundry cleaning products has been creating notable growth avenues for stakeholders.
Additionally, ultra-concentrated bleaches, which typically contain 80-100% oxygen bleaching agent, such as sodium percarbonate, are witnessing wide adoption as effective cleaning and bleaching agents.
Sodium Percarbonate (SPC) is a chemical, it is a powder that releases hydrogen peroxide, with formula 2Na2CO3•3H2O2.
It is a colorless, crystalline, hygroscopic and water-soluble solid.
It is used in some eco-friendly cleaning products and as a laboratory source of anhydrous hydrogen peroxide.Global Sodium Percarbonate key players include Evonik, Solvay, Jinke Chem, Shangyu Jiehua, etc.Global top four manufacturers hold a share over 50%.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/100497/global-sodium-percarbonate-2021-2027-858Europe is the largest market, with a share about 35%, followed by USA, and China, both have a share about 40 percent.In terms of product, WPC is the largest segment, with a share nearly 65%.
And in terms of application, the largest application is Washing Additives, followed by Medical and Health, etc.Market Analysis and Insights: Global Sodium Percarbonate MarketIn 2020, the global Sodium Percarbonate market size was US$ 445 million and it is expected to reach US$ 427.2 million by the end of 2027, with a CAGR of -0.9% during 2021-2027.Global Sodium Percarbonate Scope and Market SizeSodium Percarbonate market is segmented by region, by country, company, type, application and by sales channels.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021.
Details included are company description, major business, Sodium Percarbonate product introduction, recent developments, Sodium Percarbonate sales by region, type, application and by sales channel.The major companies include:SolvayEvonikOCIKemiraJSC KhimpromAk-KimHodogayaJinke ChemHongye ChemBoholy ChemShangyu JiehuaWanma ChemHexing ChemReasons to Purchase Our Research Report:1.
