Market Research Future (MRFR) predicts that the sodium percarbonate market could surpass a valuation of around USD 1981.2 million by 2022 by registering a CAGR of 8.24% during the forecast period of 2022 to 2030. However, the awareness regarding its toxicity is also rising, which could hinder the growth of the market.
Favorable government regulations, a surge in population, and rising disposable income are some of the major factors that can create an opportunity for the sodium percarbonate percolation market. The market would also enjoy backing from industries like the papermaking sector, the textile industry, and others. A constant change in the fashion industry due to the impact imposed by social media and the entertainment industry is expected to increase the market outcome
Competitive Leader Board:
OCI Peroxygens LLC, Solvay AG, Evonik Industries AG, HOGYE HOLDING GROUP CORPORATION LIMITED, Kemira, Wuxi wanma chemical co.,ltd, Khimprom, Jiangxi Boholy Chemical Co., Ltd, JINKE Company Limited., Hodogaya Chemical Co., Ltd., and others are major companies that are taking part in developing the global market for sodium percarbonate.
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Market Segmentation:
The report with details of the sodium percarbonate market includes a detailed discussion of segments like type, application, and end use. These segments and their data could help players in developing strategies that would be more effective in increasing the profit margin. Data gathered from the segmentation, have been backed by scientific analyses, which make the results more reliable.
By type, the study of the sodium percarbonate market has been segmented into coated, uncoated, and tablet.
By application, the global study of the sodium percarbonate market includes a bleaching agent, water treatment, detergent agent, cleaning agent, and others. The detergent agent had around 48% of the global market share and is showing prospects of acquiring a CAGR of 11.08% during the forecast period.
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Regional Analysis:
As per the regional assessment, Europe was on the driver's seat due to the high demand for cleaning agents in industrial and household sectors. The market can register a growth of 8.31% CAGR during the forecast period.
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