The Sodium Percarbonate Market in South East Asia & Oceania Expected to Grow of over 2% during 2020-2030, Finds Fact.MR – LionLowdown

The global sodium percarbonate market will reflect a CAGR 1.5% over the forecast period, 2020 to 2030. The market has been chiefly driven by growing demand for eco-friendly products, which, consecutively, has been extremely beneficial for sodium percarbonate as a disinfectant. On the other hand, irrespective of a slight dent to the market growth amid the COVID-19 crisis, the sodium percarbonate market is projected to foresee gradual growth in value terms during the assessment years.

Investments towards increase in manufacturing of coated sodium percarbonate are projected to be greatly beneficial for the market players. Increase in infrequent nature of demand for bleaching agents is projected to be extremely beneficial for coated sodium percarbonate says a Fact.MR analyst.

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Key Takeaways

Drivers

Constraints

Anticipated Market Impact by COVID-19 Outbreak

The COVID-19 outbreak has had low sway on the sodium percarbonate market, with lesser imposition of regulations and trade volumes. Sales amid the third quarter reflected a notable recovery because of growing demand from the commercial industry. Residential demand amid the crisis was slightly impinged on due to inventory shortages in some regions, however the overall effect amid 2020 is expected to be minimal.

Long-term influence of the crisis will be positive on demand, owing to increasing demand for cleaning supplies and disinfectants.

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Competition Landscape

The sodium percarbonate market is moderately consolidated in nature, with major players holding around 40% of revenue share. Major players identified in the Sodium Percarbonate market are Solvay SA, Evonik Industries, OCI Peroxygens LLC, AG Chem Group s.r.o, Khimprom PJSC, Hongye Chemical Group Co. Ltd., JINKE Company Limited, JIANGXI UNIC PEROXIDE CO. Ltd., Jilin Shuang ou Chemical Co. Ltd, Wuxi Wanma Chemical Co., Ltd, Jiangxi Boholy Chemical Co. Ltd., and Ak-kim.

The market has witnessed several fluctuations recently. These market variations have been because of restructuring of top tier players. These variations of top tier players have had a substantial consequence on the sodium percarbonate market, amid the forecast period.