Sodium Peroxide Market - Forecast(2023 - 2028)

Sodium Peroxide Market is forecast to reach $XX billion by 2025, after growing at a CAGR of 6.2% during 2020-2025. The growth in demand for sodium peroxide is currently anticipated in the chemical industry and is expected to be a developing market for sodium peroxide as it is an important Bleaching agent that is useful in the paper and textile industries. Restrictions on the sodium peroxide market can be illustrated by the drawbacks of sodium peroxide. However, by using appropriate care and appointing trained workers to treat the chemical, it can be conquered. Furthermore, the overall demand over the expected timeframe is rising.

The “Sodium Peroxide Market report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Sodium Peroxide Industry.

By Product Grade: Industrial Grade, Reagent Grade, and Analytical Grade.

By End-Use Industry: Textiles Industry, Paper & Pulp Industry, Mining Industry, Chemical Laboratories, Food Industry, Aerospace Industry, Defense Industry and Others.

By Geography: North America, South America, Europe, APAC, and RoW.

Paper & Pulp Industry sector has highest market share in Sodium Peroxide Market in 2019, by growing at a CAGR of 5.6% during forecast. In the pulp & paper industry, sodium peroxide is commonly used for digesting wood to produce wood pulp, and as a bleaching agent to neutralize bleached pulp and paper. It is also used in waste paper encoding. In solid, flake, or powder type, sodium peroxide is available, while its water solution is used in the pulp & paper industry. The main countries for the pulp & paper manufacturing markets in the Asia-Pacific region are India and China, while in Europe, Finland and Sweden account for about 60 percent of European pulp demand. More than 110 pulp mills in the United States and Canada employ over 3 million metric tons of sodium peroxide annually in North America. All these aspects are predicted during the projected period to amplify the global demand.

APAC dominated the Sodium Peroxide Market share with more than 44.8%, followed by North America and Europe. China is also the leading producer and consumer of sodium peroxide. In addition, as a result of its massive forest reserves, the country is the world's largest pulp and paper production nation. With the growth in the pulp and paper industry, combined with growing demand from other industries, the use of sodium peroxide is expected to increase over the forecast period in the world.

One of the new developments is the growing production ability of suppliers of sodium peroxide and vendors are now investing in increasing their production capacity of sodium peroxide to satisfy the increasing needs of end-user industries. In MEA, South America, and APAC, pulp & paper and alumina consumption volumes are growing, resulting in sodium peroxide capacity expansion. Furthermore, the high demand for alumina and organic sodium peroxide will increase the total need for sodium peroxide over the forecast period. This advancement is supposed to have an encouraging influence on the growth of the entire industry.

Due to its heavy protocols on packaging, usage and release after use, obstacles for the sodium peroxide industry include alternatives for the pH adjustment market and its strong rick character. There is likely to be a limit to sodium peroxide in the advancement and replacement of other chemicals that work similarly in the treatment and textile industries. There are, from now on, just small limitations to the demand from which the market continues to expand, as the use of sodium peroxide in its supply chain is very massive, with substantial and valuable goods.

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Sodium Peroxide Market. In 2019, the market of Sodium Peroxide has been consolidated by the top five players accounting for xx% of the share. Major players in the Sodium Peroxide Market are lpha Aesar, Beijing Huawei Ruike Chemical Company Limited, AkzoNobel, Beijing Universal Century Technology Co., Ltd, Solvay S.A, and Tianjin Kemiou Chemical Reagent Co., Ltd., and among others.