Sodium Peroxide Market

Sodium Peroxide Market Analysis:

Sodium peroxide is also known as sodium dioxide, solo zone or disodium peroxide. It is produced by using metallic sodium and oxygen as raw material. Another method for the production is by using ozone gas over sodium iodide inside a platinum tube. It is an excellent bleaching agent and excellent oxidizing specifically utilized in textiles and bleaching papers. Further, sodium peroxide is a significant oxidizing agent used for the decomposition of minerals and ore.

COVID-19 scenario analysis:

• Numerous production provisions of many end-user industries have been stopped due to the pandemic.
• The outbreak of COVID-19 occurred in China, which is one of the major textile producing regions. The textile manufacturing operations stopped in the first quarter of 2020, which consequently decreased the demand for sodium peroxide.
• India also one of the worst hit countries by COVID-19, which resulted in disruption of manufacturing operations of the textile and paper industries. This factor correspondingly decreased the demand for sodium peroxide.
• Asia-Pacific is expected to get profoundly influenced by the spread of the COVID-19 due to the impact of the pandemic in China, Japan, and India.
• The value chain of the sodium peroxide market is disrupted, owing to the spread of novel coronavirus across demand and supply chain in regions or countries.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Sodium peroxide is generally utilized as a disinfectant, bleaching agent, laboratory chemical, and for the production of different chemical compounds. It is a notable strong base utilized broadly for industrial applications. It is broadly utilized as bleaching and oxidizing agents in the material and paper & pulp industries. In the food & beverages sector, it is utilized to clean sausage packaging. It is also utilized to bleach wood pulp for the production of paper. 

Additionally, sodium peroxide is utilized for the extraction of minerals from different metals. In lab activities, it is utilized as an oxidative reagent. It is also utilized in the production of lightweight structural segments in the aviation business. It is for the most part utilized in submarines as a source of oxygen. 

Drivers and trends analysis

One of the major drivers of the sodium peroxide market is its developing use in the military business and in submarines. It is utilized to re-produce air in submarines. The U.S. naval force is building 3 attack submarines by investing billions. The Indian navy has begun its venture to build 6 nuclear-powered attack submarines to help the Indian navy's strike abilities. China has begun building the world's biggest nuclear submarine, which will be completed by this year. The abovementioned factors are expected to drive the demand for sodium peroxide in the coming years. 

North America is one of the major regions in the market as it has presence of a well-established paper & pulp industry. Asia-Pacific is expected to be the fastest-growing region for sodium peroxide, owing to the presence of fastest-growing textile and paper industry. India and China are the top textile manufacturing countries, which make Asia-Pacific one of the favorable destination for sodium peroxide manufacturers.

Key benefits of the report:

• This study presents the analytical depiction of the sodium peroxide market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the sodium peroxide market share.
• The current market is quantitatively analyzed to highlight the sodium peroxide market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the sodium peroxide market research report:

• Which are the leading market players active in the market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Sodium Peroxide Market Report Highlights