SODIUM PERBORATE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Sodium perborate (NaH2BO4) is an anhydrous solid material, which is white in color, soluble in water and, is odorless. On the basis of number of water molecules present, it is crystallized in three different forms including tetrahydrate, trihydrate, and monohydrate. It is produced from the chemical reaction of organic materials such as hydrogen peroxide, sodium hydroxide, and disodium tetraborate pentahydrate. Sodium perborate has low toxicity and an extended period of shelf life and is majorly used for bleaching in the detergent industry. Moreover, it is used as laundry detergent, cleaning products, and bleaches in industrial laundry. Furthermore, it finds applications as a reagent in organic production of hydrogen peroxide, which is difficult to find commercially and poses significant explosion hazards. It also has antiseptic properties and hence finds applications disinfectants and eye drops.

Market Outlook

Global sodium perborate market size is expected to expand at a significant rate, owing to increasing demand for sodium perborate from various industries during the forecast period. Demand for sodium perborate is increasing from industries such as laundry detergents, laundry bleaches, and more. Moreover increasing demand from healthcare industry for sodium perborate is expected to support the market growth in the near future. Sodium perborate serves a niche market as it a specialty chemical. Furthermore, increasing demand for hydrogen peroxide is expected to boost the demand for sodium perborate. Sodium perborate is used in the synthesis of hydrogen peroxide, which is majorly used as antiseptic to prevent infection of minor scrapes, cuts, and burns. It is also used to rinse the mouth to relieve mouth irritation. This is expected to increase the demand for sodium perborate and subsequently boost the market growth.

However, sodium perborate is a poor bleaching agent under 60⁰C temperature, which is expected to hamper the demand for sodium perborate and subsequently restrain the global sodium perborate market growth during the forecast period.

Market Regional Analysis

Developed countries from regions Europe and North America are expected to hold significant market share in the global sodium perborate market during the forecast period. Increasing demand for detergents in the North America region is expected to increase the demand for sodium perborate and support the market growth. Furthermore, regions such as the Middle East and Asia Pacific are expected to witness significant market growth owing to rising markets of bleaches and detergents. However, due to its poor performance under 60⁰C temperature, demand for sodium perborate is expected to hinder in emerging economies such as China and subsequently hamper growth of the market.

Market Players

Major players operating in global sodium perborate market include Triveni Chemicals (India), Noida Chemicals (India), Shanghai Pengkai Chemical Co., Ltd. (China), Solvay S.A. (Belgium), and Hongye Holding Group Co., Ltd. (China).