Sodium Perborate is an inorganic water soluble compound which appears in white powder form. It is crystallized in three different forms depending on the number of water molecules present, monohydrate, trihydrate and tetrahydrate. Indeed, the compound itself is a dimer, in which two peroxo bridges in a chair-shaped 6-membered ring joins two boron atoms. Sodium perborate is produced from reaction of three inorganic materials which are disodium tetraborate pentahydrate, hydrogen peroxide, and sodium hydroxide. Sodium perborate monohydrate is prepared by heating tetrahydrate form and it has higher heat stability and solubility than sodium perborate tetrahydrate; generally monohydrate and tetrahydrate forms of sodium perborate are used for commercial purposes. Sodium perborate monohydrate is widely used in hot climates, or in markets where the washing is carried out in cool water. When the compound undergoes hydrolysis in contact with water, it produces hydrogen peroxide and borate.
Sodium perborate is has a longer shelf life and low toxicity. It is primarily used as a bleaching agent in detergent industry. It serves as a source of active oxygen in household & industrial detergents, including laundry detergents, industrial cleaning products and bleaches used in laundry industry. Some forms of the compound are also used in solutions for tooth bleaching industry. Sodium perborate is a useful reagent in organic synthesis where it can be used as a substitute product of hydrogen peroxide which is not commercially available and can cause significant explosion hazards. The compound also has antiseptic properties which made it suitable to be used as disinfectants. The compound is also used in some eye drops brands as a disappearing preservative.
Sodium perborate is a specialty chemical which serves a very niche market. As demand of sodium perborate is dependent on high volume markets such as detergent industry, including household & laundry detergents, laundry bleaches, etc. and healthcare industry, price of sodium perborate is expected to be at lower side, especially from manufacturers in developing regions such as Asia Pacific and Middle East. In price sensitive regions such as Asia Pacific and Middle East where demand of sodium perborate is growing at a faster pace due to rising market of detergents and bleaches, lower price may act as a driver for growth in its demand. Sodium perborate has also experienced significant growth in demand in developed regions such as North America and Europe as it is expected to replace hydrogen peroxide in high volume markets such as household cleaning and laundry care. The market is expected to grow further in future because of rising demand of detergents in end-user industries such as chemical, paint, textile, paper and automobile.
Developed regions such as Europe and North America together contribute to larger portion of the global sodium perborate market. Rising demand of detergents resulting in increasing market of detergent additives in European and North American market is expected to act as a driver for growth in sodium perborate market in these regions. Sodium perborate has poor bleaching performance under 60oC temperature so it is not much used in Chinese oxygen type powder detergents. In addition to this, boron resources in China are not good and sodium perborate is proved to have harmful effects to health and environment. These factors could act as restraints in Asia Pacific sodium perborate market in future. Production of sodium perborate has decreased in China though the rate of export increased. In developed countries such as North America and Europe, sodium perborate is expected to retain a stable market in future.
Some of the major companies involved in the Potassium Formate market are Hongye Holding Group Co., Ltd. (China), Noida Chemicals (India), Shanghai Pengkai Chemical Co., Ltd. (China), Solvay S.A. (Belgium), Triveni Chemicals (India), etc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.