Sodium Percarbonate Market revenues are projected to roughly record a CAGR of 3% through 2029

Albany, US, 2019-Oct-24 — /EPR Network/ —According to a new Fact.MR report, global demand for sodium per carbonate accounted for a sales volume of 1051 KT in 2018, which is projected to grow substantially through 2019 and beyond. A plethora of factors are shaping growth in the sodium per carbonate market, ranging from growing demand for low-cost cleaning agents to shifting customer preference for eco-friendly bleach products.

The Fact.MR study finds that the demand for sodium per carbonate 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 per carbonate sales over the forthcoming years. 

According to the study, significant adoption of sodium per carbonate 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 per carbonate 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 per carbonate, are witnessing wide adoption as effective cleaning and bleaching agents. Increasing demand for better cleaning solutions with high oxygen content is likely to underpin the sales of sodium per carbonate based ultra-concentrated products through 2029.

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The study opines that the shifting consumer preference for eco-friendly products is creating novel growth avenues for sodium per carbonate market participants. With growing number of manufacturers replacing chlorine bleaching chemicals with environmentally friendly chemicals such as sodium per carbonate, the market attractiveness is likely to grow significantly in the years to come.

As per the study, sales of sodium per carbonate have grown considerably in recent years owing to its growing adoption as a viable substitute to sodium perborate in detergent formulations due to the lower dissolving temperature of the former in water. Additionally, soil-friendly nature of sodium per carbonate compared to borax-containing sodium perborate, which negatively impacts the soil quality, has been underpinning substantial gains in the market.

Widening Applicability in Non-conventional Sectors to Boost Revenues

The study underscores that although uncoated sodium per carbonate continues to witness significant adoption from various end-use sectors, such as laundry and pulp & paper industry, the demand for coated variants will grow considerably through 2029. The rising traction for coated sodium per carbonate will be prominently underpinned by its enhanced stability accountable for longer shelf life under high temperatures and humidity, and improved compatibility with additives of powder detergents.

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As per the study, there remains a notable untapped potential for sodium per carbonate in some non-traditional application sectors, such as water treatments, textiles, and pulp & paper industry. While applications in commercial fish farm, denture cleaners and toothpaste, are particularly emerging lucrative for sodium per carbonate manufacturers and other stakeholders, an increasing focus on exploring a diverse application range is highly likely to impact the competition strategies in forthcoming years.

The study also opines that in line with the flourishing demand for liquid detergents, particularly in Western countries, a number of innovations are likely to open doors to myriad application opportunities for companies that are active in sodium per carbonate market. OCI Per oxygens LLC, a leading player in sodium per carbonate market, is using multiple advanced technologies to minimize the risk of undesired decomposition and delay natural decomposition of sodium per carbonate based products. The company is heavily investing in coating technology, stabilizing technology, and control process, which the study opines is likely to shape the market growth positively.

Though East Asia remains the leading market in sodium per carbonate landscape, the South Asia & Oceania cluster is likely to create a mine of opportunities for stakeholders in the near future. Structural opportunity in developing markets, such as China, India, and South Korea are estimated to drive long-term growth, supported by technology development.

Fact.MR study presents a long-term outlook of the sodium per carbonate market for the period 2019 to 2029. The sodium per carbonate market revenues are projected to roughly record a CAGR of 3% through 2029.