Sodium Percarbonate Market Outlook - Supply and Demand Analysis 2024-2032

Sodium Percarbonate Market

Sodium percarbonate is a white crystalline compound, which is hygroscopic in nature. It can act as a strong oxidizing agent and can decompose rapidly if exposed to unstable temperature conditions and high moisture. This compound finds growing applications in cleaning powder and laundry detergents as an eco-friendly alternative to chlorine bleach as it breaks down into oxygen and water when exposed to wash water. Moreover, due to its colour-safe and fabric-safe properties, it is regarded as an excellent option for brightening colours in the laundry sector.

Global Supply/Demand Outlook

The global sodium percarbonate market stood at a volume of around 866.5 KT in 2023. The market is estimated to grow at a CAGR of 4.10% between 2024 and 2032 to reach a volume of about 1,243 KT by 2032. The market is primarily driven by the growing use of sodium percarbonate in detergents and cleaning products. The laundry detergent segment, among different end use sectors, leads the market, accounting for nearly 94% of the total market share. Coated sodium percarbonate’s ability to enhance the performance and shelf life of detergents by boosting their active oxygen stability has made it an essential ingredient in laundry detergents and cleaning products. Further, the growing consumer disposable incomes and rising hygiene consciousness are expected to boost the sales of cleaning products and laundry detergents in the coming years.

The environmental benefits offered by the chemical when compared to traditional alternatives like chlorine bleach are expected to enhance its importance as an essential component in popular household cleaning products such as OxiClean.

The global capacity of sodium percarbonate was about 1,150 KT in the year 2023. It is estimated to reach 1,340 KT by 2032. The plant capacity utilization of sodium percarbonate stood at 77% in 2023.

Regional Market Analysis

The Asia Pacific is expected to be one of the leading markets for sodium percarbonate, accounting for around 48% of its global consumption. The growing penetration of home care sector in the region and rapid urbanisation support the demand for the chemical in various end use sectors like laundry detergents and cleaning agents.

Key Market Players

The top five players in the sodium percarbonate market are Wuxi Wanli Chemicals Co. Ltd, Hongye Holding Group Corporation Ltd., OCI Company Ltd., Solvay, and Zhejiang Times Jinke Peroxide Co. Ltd. These companies together occupy nearly 57% of the global sodium percarbonate capacity.

Established in 1992, Wuxi Wanli Chemical Co., Ltd. specialises in the manufacture of different types of sodium peroxycarbonate detergent chemical raw materials. The company is the leading producer of sodium percarbonate in China, offering best quality products at competitive prices. Its current production capacity is nearly 160 KT.

Other significant manufacturers of sodium percarbonate are Zhejiang Aosiya Chemical Co. Ltd. (Formerly Dixi Chemical), OCI Peroxygens, Evonik, Latour Chemical, and Percarbonat Ltd.

Key Questions Answered in the Report:

• What are the high-growth opportunities and markets for sodium percarbonate by end use and region?
• What are the types of sodium percarbonate available by region?
• Which segments and regions are projected to grow at a faster pace and why in the sodium percarbonate market?
• What is the nameplate capacity of sodium percarbonate by region from 2018 to 2032?
• How does the plant capacity utilisation of sodium percarbonate vary by region between 2018 and 2032?
• Who are the major players in the sodium percarbonate market by capacity and region?
• What major plant shutdowns and expansions have occurred in the sodium percarbonate market in the last year and the last quarter?
• What major plant shutdowns and expansions are planned in the sodium percarbonate market over the next year and quarters?
• How did export and import dynamics of sodium percarbonate vary by region in terms of value between 2018 and 2023?
• How did export and import dynamics of sodium percarbonate vary by region in terms of volume between 2018 and 2023?
• What impacts have shutdowns, force majeure events, and plant closures had on demand and pricing of sodium percarbonate?
• What are the environmental considerations and regulatory impacts affecting the sodium percarbonate market?
• What technological innovations are having an impact on the production and application of sodium percarbonate?
• What are the key trends and innovations in the sodium percarbonate market?
• What are the challenges and opportunities faced by sodium percarbonate manufacturers?
• What are the potential risks and barriers to entry for new players in the sodium percarbonate market?
• What strategic investments and expansions have major players made in the sodium percarbonate market?
• How are geopolitical factors and international trade policies affecting the global sodium percarbonate market?
• What are the price trends for sodium percarbonate, and how are they expected to change?
• How does the supply chain of sodium percarbonate operate, and what are its key components?