Sodium Percarbonate Applications in the Laundry Segment to Create US$ 150 Mn Incremental Opportunity by 2031

Sodium Percarbonate Applications in the Laundry Segment to Create US$ 150 Mn Incremental Opportunity by 2031

PR Newswire

NEW YORK, Nov. 22, 2021

Demand for Sodium Percarbonate in the Paper & Pulp Industry to Accelerate at 3.1% CAGR through 2031

In its latest market analysis, Fact.MR investigates prevailing trends in the global sodium percarbonate market influencing sales across segments including type and end-users. It also highlights recent developments in terms of new product launches, key growth drivers, opportunities, challenges, and restraints affecting growth in the market through 2031

NEW YORK, Nov. 22, 2021 /PRNewswire/ -- Fact.MR – A Market Research and Competitive Intelligence Provider: Sales in the sodium percarbonate market are slated to grow at 3.1% CAGR, pushing the market valuation from US$ 581 Mn in 2021 to US$ 670 Mn by 2031, finds Fact.MR in a recent market survey.

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Increasing consumption for cleaning purposes in the residential and commercial sectors is expected to augment growth of the market. Driven by this, sodium percarbonate sales is projected to account for 3% of the total demand in the bleaching chemicals market.

The market also will be driven by surging applications in a variety of end uses including laundry, textile, water treatment, and other cleaning purposes. Furthermore, rising adoption in the pulp & paper industry will continue pushing sales in the forthcoming years.

Sodium percarbonate also is used in aquaculture to improve the availability of oxygen in the water and provide a conducive environment for growth of fish and other aquatic creatures. Expansion of pisciculture and the seafood industry will therefore continue propelling growth in the market through 2031.

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Demand for sodium percarbonate is expected to remain high in the U.S. owing to the presence of robust textile industry, along with growing trend of coin laundry services across the country. China is expected to follow suit, with increasing consumption of sodium percarbonate for water treatment.

"Growing demand for cleaning and disinfectant products driven by COVID-19-induced health concerns is expected to augment growth of the global sodium percarbonate market. Besides this, increasing adoption of sodium percarbonate for wastewater treatment is expected to bode well for the market over the forthcoming years," says a Fact.MR analyst.

Key Takeaways:

Growth Drivers:

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Competitive Landscape

Leading players operating in the global market are aiming to improve their product portfolios by focusing on research and development. Apart from this, players are investing in mergers, acquisitions, and collaborations to expand their global footprint.

Key Players in the Sodium Percarbonate Market Include:

More Valuable Insights on Sodium Percarbonate Market

Fact.MR provides an unbiased analysis of the sodium percarbonate market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global sodium percarbonate with a detailed segmentation on the basis of:

Type:

End-Use:

Regions:

Key Questions Covered in Sodium Percarbonate Market Report

Explore Fact.MR's Coverage on the Chemical & Materials Domain –

Sodium Sulphite Market- Due to the recycling of waste water and other water systems, the water treatment sector is expected to maintain a stable share of the sodium sulphite market. In addition to its application in the paper and water treatment industries, sodium sulphite is also utilised as a scavenger in high and medium pressure steam boilers to prevent caustic embrittlement. The global sodium sulphite market is growing due to rising demand for technical grade in the water treatment industry. Because of its reducing capabilities, sodium sulphite is employed as a preservative in the food business to keep food from spoiling quickly.

Industrial Cleaning Chemicals Market- The industrial cleaning chemicals market is predicted to increase at a positive rate during the forecast period, owing to rising awareness about health, safety, and hygiene. During the forecast period, one of the primary driving reasons for the growth of the industrial cleaning chemicals market would be the robust industrial growth seen in developing areas. Automobile production has also seen considerable expansion. As a result of these reasons, demand for industrial cleaning chemicals is predicted to rise around the world, with the industry poised for significant expansion.

Disinfectant & Antimicrobial Chemicals Market- Disinfectants and antimicrobial compounds are used to kill or inhibit the growth of bacteria. Disinfectants are mostly utilized as surface-active agents, which are applied to the surface of inanimate objects, materials, or tissues prior to surgery to avoid infection. Disinfectants and antimicrobial compounds either limit the reproduction of germs by destroying their cell walls or hinder the growth of microorganisms by interfering with their metabolic activity. Antimicrobial agents in paint, floor coverings, home textiles, and other construction materials will see substantial expansion as disinfectant and antimicrobial chemicals.

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