Sodium Percarbonate Market Promises Robust Growth as Industrial Applications Rise

The sodium percarbonate market is expected to reach $600 mn in evaluation by 2019 as rise in demand for household as well as industrial application skyrockets. Moreover, the industrial applications for sodium percarbonate are also expected to diversify to create new opportunities for growth. Moreover, the demand for these products remains an all-time high from emerging regions of Asia Pacific. The sodium percarbonate landscape is a consolidated one with a few players, while emerging regions also open up new manufacturing operations, especially in India and China. Furthermore, the growth remains solid in the developed world with liquid formulations gaining an increased traction in recent years. However, some applications are also witnessing concerns as liquid product maker Solvay shut shop with its 50,000 ton capacity plant in the UK. Improved need for cleaning solutions, and growth of the cost-effective production in developing countries will likely shape future dynamics in the market.

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Green Products to Drive Growth in Sales

While cost-effective production remains a concern, growth of eco-friendly products in the EU region is a promising development for players in the sodium percarbonate market. the growth of products in EU, and growing demand for laundry detergents in both industrial, and household sector promises new avenues for growth in the sodium percarbonate market. The ability of the detergents to remove stubborn stains, and disinfect new products like diapers will drive tremendous growth for players in the sodium percarbonate market. Moreover, the growth in the textile industry with new products such as wearable textiles, and new materials, and rising spending on textiles in the US economy are expected to be a boon for players in the sodium percarbonate market.  Moreover, the growth of new farming techniques such as aquaculture and need for natural disinfectants will also create new opportunities for players in the sodium percarbonate market.

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Beyond Popular Holiday Destinations, Well-travelled Individuals seeking Local Tastes spurs Demand for Craft Beers

Rising interest of individuals for traditionally brewed beers is resulting in robust growth of craft beer market. This, along with rising disposable incomes, upsurge in global travel, and expanding distribution channels are catalyzing the demand for craft beers.

Expanding global travel is resulting in introduction to local products and tastes that are commonly not available. Food preparations and recipes of local drinks are gathering steam as individuals look for local tastes while traveling to interior places of parts of the world. Craft beer is one such product local to parts of Ireland, Nordics, and parts of Europe.

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Product Exclusivity renders High Price Factor Invalid

Economic growth in developing countries is a key factor behind growth of craft beer market. Well-travelled individuals in developing countries now look for remote places in parts of the world for a holiday. This class of individuals have a fancy for local crafts and local foods, and are drawn for experiences not found in popular holiday destinations. Serving this class of individuals, the demand for craft beer is witnessing stimulation.

On the downside, high cost of manufacturing and exclusivity of the product are some restraints to the growth of craft beer market. Mostly brewed in micro-breweries to cater to local or regional demand, craft beer industry remains one of the small arms of the overall beer market. This limits growth of craft beer market.

Nonetheless, exclusivity of the product mostly done with traditional recipes accounts for continued growth of craft beer market.

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The vendor landscape of the craft beer market is largely consolidated. The presence of a handful of dominant players features relatively high degree of consolidation in the craft beer market. Omer Vander Ghinste, Stone & Wood Brewing Co., Sierra Nevada Brewing Co., Chimay Beers and Cheeses, The Gambrinus Company, Vagabund, New Belgium Brewing Company, D.G. Yuengling and Son, The Boston Beer Company, Deschutes Brewery, Feral Brewing Co., Bell’s Brewery Inc., and Lagunitas Brewing Company are key players in the craft beer market.