Sodium Percarbonate Market Trends, Business Growth and Major Driving Factors | Solvay Chemicals, Inc, OCI Peroxygens LLC, Hongye Holding Group Corporation Ltd

 

Sodium Percarbonate

Sodium Percarbonate is a white, odorless powder that is a mixture of sodium carbonate and hydrogen peroxide. It is a strong bleaching agent and can be used for a variety of purposes, including cleaning, laundry, and water treatment.

According to a research, the global Sodium Percarbonate Market is expected to grow at a CAGR of 4.56% from 2022 to 2030. The growth of the market is driven by the increasing demand for eco-friendly and sustainable products, the growing use of sodium percarbonate in various industrial applications, and the rising awareness about environmental concerns related to plastic waste generation.

The major factors driving the growth of the Sodium Percarbonate Market are:

·        Increasing demand for eco-friendly and sustainable products: Sodium percarbonate is a green product that is biodegradable and non-toxic. It is a good alternative to chlorine bleach and other harsh chemicals. The increasing demand for eco-friendly and sustainable products is driving the growth of the sodium percarbonate market.

·        Growing use of Sodium Percarbonate in various industrial applications: Sodium percarbonate is used in a variety of industrial applications, including textile processing, papermaking, water treatment, and food processing. The growing use of sodium percarbonate in these industries is driving the growth of the market.

·        Rising awareness about environmental concerns related to plastic waste generation: The increasing awareness about environmental concerns related to plastic waste generation is driving the growth of the sodium percarbonate market. Sodium percarbonate is a biodegradable product that can be used as a substitute for plastic. This is driving the growth of the sodium percarbonate market.

The major restraining factors for the growth of the Sodium Percarbonate Market are:

·        High cost of production: The high cost of production of sodium percarbonate is one of the major restraining factors for the growth of the market. The cost of sodium carbonate and hydrogen peroxide, which are the raw materials for the production of sodium percarbonate, is high. This high cost of production is one of the major factors restraining the growth of the sodium percarbonate market.

·        Availability of substitutes: There are a number of substitutes available for sodium percarbonate. These substitutes include chlorine bleach, hydrogen peroxide, and sodium hypochlorite. The availability of these substitutes is one of the major factors restraining the growth of the sodium percarbonate market.

Major Vendors of Sodium Percarbonate Market are- PJSC Khimprom, AG CHEMI GROUP s.r.o., Akkök Holding (Ak-Kim), Zhejiang Jinke Household Chemical Materials Co., Ltd, Wuxi Wanma Chemical Co. Ltd, Jilin Shuang wu Chemical Co.,Ltd, and Jiangxi Boholy Chemical Co., Ltd.

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