Sodium Percarbonate Market Indicates Notable CAGR growth by 2029
Verfasser: ashwani_kailiya on Monday, 20 January 2020The sodium percarbonate market has been envisaged to surpass revenues worth US$ 600 Mn in 2019, in line with its growing adoption as a high performance oxygen bleaching agent for industrial as well as household applications. According to a new Fact.MR report, global demand for sodium percarbonate accounted for a sales volume of 1051 KT in 2018, which is projected to grow substantially through 2019 and beyond. A plethora of factors are shaping growth in the sodium percarbonate market, ranging from growing demand for low-cost cleaning agents to shifting customer preference for eco-friendly bleach products. Fact.MR study presents a long-term outlook of the sodium percarbonate market for the period 2019 to 2029. The sodium percarbonate market revenues are projected to roughly record a CAGR of 3% through 2029.
The Fact.MR study finds that the demand for sodium percarbonate is being buoyed by its extensive functional benefits in both industrial and household cleaning applications. Powerful bleaching, disinfection, and cleaning capabilities are the key attributes that are highly likely to remain key influencers, sustaining sodium percarbonate sales over the forthcoming years.