Sodium Percarbonate Market Growth, Analysis and Forecast Upto 2029

Sodium Percarbonate Market in Numbers

  • The sodium percarbonate market has been envisaged to surpass revenues worth US$ 600 Mn in 2019, in line with its growing adoption as a high performance oxygen bleaching agent for industrial as well as household applications.

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  • The sodium percarbonate market is likely to register a CAGR of ~3% through 2029 on account of growing demand for eco-friendly bleach products.
  • East Asia, spearheaded by China, is anticipated to remain the leading market for sodium percarbonate. With the highest sodium percarbonate production capacity, China’s market size is slated to be worth US$ 104 Mn in 2019.

The South Asia & Oceania cluster is expected to be the high growth market for sodium percarbonate manufacturers, primary driven by the rising demand from the household cleaning industry.

Competition Landscape

According to Fact.MR study, the global sodium percarbonate market is expected to remain a consolidated landscape owing to the presence of a limited number of players. Global giants, such as Evonik Industries, Solvay SA, OCI Peroxygens LLC, and Hongye Chemical collectively account for ~2/5th of the global sodium percarbonate production. Leading players are expanding their business by establishing manufacturing bases in developing countries, such as China and India, looking at their market attractiveness. Growing focus of players on developing countries as lucrative markets for increasing sodium percarbonate inclusion in every wash load is likely to shape the market in forthcoming years.

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The market for powdered percarbonate is witnessing a slight dip in some of the western countries that have particularly adopted liquid formulations, as a result of which several players have limited their sodium percarbonate production in such regions. For instance, European laundry market’s transition to liquid products prompted Solvay to shut the 50,000 tons pa capacity plant in Warrington, UK. Amid such a turmoil in sodium percarbonate market, leading players are building and reinforcing partnerships with global innovators, focusing on a broader penetration in developing countries, and exploring technology for improved cleaning solutions.

With the West showing an increased appetite for liquid laundry products, players in sodium percarbonate market have also renewed their focus on technology to develop stable sodium percarbonate formulations for use in liquid laundry products. With a stable sodium percarbonate technology, partakers are eyeing to revive the adoption of sodium percarbonate for cleaning and laundry applications in Europe and North America.

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Several companies have increased their focus on safety, storage, and handling aspects of sodium percarbonate to appeal a larger audience. For instance,   OCI is leveraging advanced technologies to minimize the risk of undesired decomposition and to delay the natural decomposition of sodium percarbonate products.

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