Industry Research Future (MRFR) announces the publication of
its research report –Sodium Percarbonate Industry 2017-2023
Industry Research Future (MRFR) recognizes the following
companies as the key players in the Global Sodium Percarbonate Industry: Solvay
AG, Evonik Industries AG, OCI Peroxygens LLC, Kemira, Khimprom, HOGYE
HOLDING GROUP CORPORATION LIMITED, JINKE Company Limited., Jiangxi Boholy
Chemical Co.,Ltd, Wuxi wanma chemical co.,ltd,, Hodogaya Chemical
Co., Ltd.
Industry Highlights:
Commenting on this report, an analyst from Industry Research
Future (MRFR)’s team said, Global Sodium Percarbonate Industry was valued at USD
1146 million in 2016 and is predicted to grow at 8.24% CAGR to reach USD 1950
million by the end of 2023. Sodium Percarbonate is gaining importance in the
global Industry with the increasing usage in end use industries such as
household cleaning, laundry, textile, laundry, chemical, papermaking, food,
industrial cleaning, and others.
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Some of the key Industry factors that positively influence
the Industry growth are, increasing demand from household cleaning industry,
growing production of Sodium Percarbonate based detergent, and increasing
urbanization. Rapid industrialization coupled with rising disposable income in
developed and developing countries are expected to drive the growth of the Industry
over the forecast period. Rising usage of Sodium Percarbonate as a disinfecting
agent in end use industry such as food and pharmaceutical owing to increased
demand for safe food and pharmaceuticals, is predicted to fuel the growth of
the Industry during the review period. Additionally, tremendous growth of
textile industry due to increasing trend of aesthetic clothing is predicted to
propel the demand for bleaching agent, which in turn, is expected to fuel the
growth of Industry over the forecast period. However, availability of
substitute such as sodium carbonate and other oxygen based bleaching agents is
estimated to hinder the growth of the Industry.
Segment Analysis:
The Global Sodium Percarbonate Industry is segmented into type, application, end use, and
region. On the basis of type, the global Industry has been segmented into
coated, uncoated and tablet. Among these, coated type of Sodium Percarbonate
dominate the segment and accounted for around 60% Industry share among others.
On the basis of application, the Industry is divided into detergent agent,
cleaning agent, bleaching agent, water treatment, and others. Among these,
detergent agent segment has accounted for around 48% Industry share in 2016,
with a Industry value of USD 551.2 million and is predicted to grow with the
highest CAGR of 11.09% during the forecast period. End use segment comprised of
household cleaning, laundry, industrial cleaning, textile industry, papermaking
industry, chemical industry, food industry, others. Household segment is
expected to be the largest segment and exhibit 53% of Industry share in 2016,
with a Industry value of USD 607.4 million and is predicted to grow with a
healthy CAGR owing to rising urbanization and growing purchasing power. Laundry
holds the second largest segment and is expected to grow with the highest CAGR
of 8.29% during the assessment period. Increasing population and rising tourism
activities are the key driving factors for the growth of laundry segment in the
upcoming years.
Regional Analysis:
Regionally, Sodium Percarbonate Industry is segmented into
five regions namely North America, Europe, Asia Pacific, Latin America, and the
Middle East & Africa. Among all the regions, Europe dominates the Industry
and accounted for around 41% of the overall Industry share in 2016, and
predicted to reach USD 816 million during the review period. Asia Pacific is
expected to grow with the highest CAGR of around 8.25% during the assessment
period. China and India are expected to be the key dominating Industry due to
strong growth in industrial sector. In 2016, European Industry is trailed by
Asia Pacific, which is followed by North America. Developed regions such as
Latin America and North America are predicted to witness a significant growth
owing to stringent regulatory framework along with the high technology
advancement.
Access Complete Report @ https://www.Industryresearchfuture.com/reports/sodium-percarbonate-Industry-835
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