Sodium Peroxide Market Size, Share, Growth, Trends, and Forecast 2030

Sodium Peroxide Market

Sodium Peroxide Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2028

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-6893 Status : Upcoming
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 469.22 million USD 663.2 million 4.42% 2022

Description

The global Sodium Peroxide Market size accrued earnings worth approximately USD 469.22 Million in 2022 and is predicted to gain revenue of about USD 663.2 Million by 2030, is set to record a CAGR of nearly 4.42% over the period from 2023 to 2030.

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Global Sodium Peroxide Market: Overview

Sodium peroxide is also known as the solo zone, disodium peroxide, and sodium dioxide. Its molecular formula is Na2O2. Also, it is yellowish-white in color with solid granular nature. It is an odorless inorganic compound that exists in different forms like hydrates and peroxyhydrate Na2O2·8H2O, Na2O2·2H2O, Na2O2·2H2O2, and Na2O2·2H2O2·4H2O. Sodium peroxide can easily be dissolved in cold water; however, it evolves heat. It is prepared with the help of metallic sodium and oxygen as a raw material. Also, it is an excellent oxidizing agent particularly used in bleaching papers and textiles. Furthermore, sodium peroxide is also widely used to decompose aur and minerals.

Global Sodium Peroxide Market: Growth Factors

The global sodium peroxide market is expected to grow indefinitely in the forthcoming years due to the growing use of sodium peroxide as a laboratory chemical, bleaching agent, and disinfectant for the production of the chemical compound globally. Additionally, it is highly in demand for industrial applications. However, many developments are being made in the global sodium peroxide market in respect of the growing production capability of suppliers of sodium peroxide. Also, vendors are heavily investing in enhancing the production capacity in order to cater to the higher demand from end-user sectors. The growing popularity of scuba gear and submarines is the highly enticing huge customer base. Consequently, the demand for sodium peroxide is multiplied indefinitely due to the essential function of sodium peroxide in producing sodium carbonate and oxygen.

Furthermore, it is adopted as a reagent for quantitative analysis of different compounds, including chromium, sulfur, and arsenic laboratories. It is a popular solid base used to remove minerals from ores and also in lightweight structural parts in the aerospace sector. The outbreak of the Covid-19 pandemic globally significantly impacted the global sodium peroxide market, but the market is likely to see strong growth prospects in the forthcoming years due to the relaxations in lockdowns restrictions globally. Also, the growing initiatives undertaken by leading players in the market to strengthen the growth of the market in the forthcoming years will also contribute exponentially towards the development of the market. In the aviation sector, it is used to manufacture lightweight structural segments. The growing research in development activities is likely to bring innovative solutions to the market.

Sodium Peroxide Market: Report Scope

Report Attributes Report Details
Report Name Sodium Peroxide Market
Market Size in 2022 USD 469.22 Million
Market Forecast in 2030 USD 663.2 Million
Growth Rate CAGR of 4.42%
Number of Pages 198
Key Companies Covered Solvay, Akzonobel, Hebei Shijiazhuang Shenze Chemical, Energy Chemical, Macklin, Bailingwei Technology, Beijing Huawei Ruike Chemical, Tianjin Kemiou Chemical Reagent Co. Ltd, Beijing Universal Century Technology, Hanhong Group, and others.
Segments Covered By Product, By Application, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Sodium Peroxide Market: Segmentation

The global sodium peroxide market can be segmented into application, product, grade, end-users, and region.

By application, the market can be segmented into oxidants, disinfectants, bleach, fungicides, and others.

By product type, the market can be segmented into experimental class and industrial grade.

By end-user, the market can be segmented into the defense sector, aerospace, food, chemical laboratory, mining, paper & pulp, and textile sectors. The paper & pulp sector accounts for the largest share in the global sodium peroxide market due to the growing use of sodium peroxide to produce wood pulp by digesting wood.

By grade, the market can be segmented into analytical, reagent, and industrial grade.

Global Sodium Peroxide Market: Regional analysis

North America accounts for the largest share in the global sodium peroxide market due to the presence of well-established paper and pulp manufacturers in the region. Also, the ongoing research and development activities in the region will further strengthen the growth of the regional market in the forthcoming period.

Asia Pacific is another leading region in the global sodium peroxide market due to the fast proliferating textile sector in the region. Growing economies like China and India are among the top textile manufacturing countries, thereby making the region a favorable destination for sodium peroxide manufacturers.

Global Sodium Peroxide Market: Competitive Players

Some of the significant players in the global sodium peroxide market include

  • Solvay
  • Akzonobel
  • Hebei Shijiazhuang Shenze Chemical
  • Energy Chemical
  • Macklin
  • Bailingwei Technology
  • Beijing Huawei Ruike Chemical
  • Beijing Universal Century Technology
  • Hanhong Group
  • Tianjin Kemiou Chemical Reagent Co. Ltd
  • Alpha Aesar
  • and others

Global Sodium Peroxide Market: Segment Analysis

By Types

  • Experimental Class
  • Industrial Grade

By Application

  • Bleach
  • Fungicide
  • Disinfectant
  • Oxidant
  • Other

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global sodium peroxide market is expected to grow indefinitely in the forthcoming years due to the growing use of sodium peroxide as a laboratory chemical, bleaching agent, and disinfectant for the production of the chemical compound globally. Additionally, it is highly in demand for industrial applications. However, many developments are being made in the global sodium peroxide market in respect of the growing production capability of suppliers of sodium peroxide.

 

Some of the significant players in the global sodium peroxide market include Tianjin Kemiou Chemical Reagent Co., Ltd., Solvay S.A, Beijing Universal Century Technology Co., Ltd, Beijing Huawei Ruike Chemical Company Limited, and Alpha Aesar.

 

North America accounts for the largest share in the global sodium peroxide market due to the presence of well-established paper and pulp manufacturers in the region. Also, the ongoing research and development activities in the region will further strengthen the growth of the regional market in the forthcoming period.

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