Sodium Perborate Monohydrate Market
Sodium Perborate Monohydrate Market
The market for Sodium Perborate Monohydrate was estimated at $230.00 million in 2024; it is anticipated to increase to $315 million by 2030, with projections indicating growth to around $410 million by 2035.
Global Sodium Perborate Monohydrate Market Outlook
Revenue, 2024 (US$M)
Forecast, 2034 (US$M)
CAGR, 2024 - 2034
Market Key Insights
- The Sodium Perborate Monohydrate market is projected to grow from $230.0 million in 2024 to $389 million in 2034. This represents a CAGR of 5.4%, reflecting rising demand across Laundry Detergent Manufacturing, Industrial Cleaning Sector and Pharmaceutical.
- <p>Chemceed, Pidilite Industries, Nirma Limited are among the leading players in this market, shaping its competitive landscape.</p>
- U.S. and China are the top markets within the Sodium Perborate Monohydrate market and are expected to observe the growth CAGR of 3.5% to 5.2% between 2024 and 2030.
- Emerging markets including Vietnam, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 6.2% to 7.5%.
- <p>Transition like Shift towards Environment-Friendly Choices is expected to add $23.9 million to the Sodium Perborate Monohydrate market growth by 2030</p>
- The Sodium Perborate Monohydrate market is set to add $159 million between 2024 and 2034, with manufacturer targeting Industrial Cleaning & Textile Industries End User Application projected to gain a larger market share.
- With Rising demand in detergent industry, and Innovation in personal care products, Sodium Perborate Monohydrate market to expand 69% between 2024 and 2034.
Opportunities in the Sodium Perborate Monohydrate
Recent studies suggest that Sodium Perborate Monohydrate could have applications in the field of medicine with a focus on dentistry for enhancing tooth brightness as a whitening agent is on the rise in this industry which remains mostly untapped but has potential for expansion due to the increasing interest in dental aesthetics leading to a growing need, for reliable and safe whitening solutions.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
Asia-Pacific Outlook
Market Dynamics and Supply Chain
Driver: Rising Demand in Detergent Industry, and Stringent Environmental Regulations
Restraint: Environmental and Health Concerns
Opportunity: Revitalizing Laundry Detergents
Challenge: Declining Demand from the Detergent Sector
Supply Chain Landscape
Borax Consolidated
Minera Santa Rita
Solvay
EniChem
Tianjin Jinyuansheng Chemical
Hongye Chemical Company Limited
Industrial Laundry Sector
Bleach Manufacturing Industry
Borax Consolidated
Minera Santa Rita
Solvay
EniChem
Tianjin Jinyuansheng Chemical
Hongye Chemical Company Limited
Industrial Laundry Sector
Bleach Manufacturing Industry