Hydrogen Peroxide Market to be Dominated By Pulp & Paper Industry Segment During the Forecast Period
Wide applicability across different industrial segments and growing
demand from Pulp and Paper Industry are prime factors driving the growth of the
global hydrogen peroxide market in the forecast period 2024-2028.
According
to TechSci Research report, “Hydrogen Peroxide Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028”, the global hydrogen peroxide market is
anticipated to register an impressive CAGR in the forecast period 2024-2028. Hydrogen
peroxide carries significant importance as an oxidant with applications in many
industries from paper manufacturing to cosmetics. Due to its ability to get
decomposed only to H2O and O2, it is regarded as a green chemical. There exist
methods of preparation that tend to synthesize hydrogen peroxide at large
volumes efficiently, but it can be detrimental to the environment causing
harmful effects on the surroundings. However, several methods have been
discovered to safely prepare Hydrogen Peroxide such as electrocatalysis, photo
electrocatalysis, or photo catalysis. The pulp and Paper Industry is a major
end-user industry as there is robust demand from the pulp and paper industry.
To cater to consumer needs, several capacity expansions programs have been
launched to fulfill the requirements and boost the sales volume in 2021-2022.
Companies that are pioneers in producing per oxygen chemicals are raising their
production capacity from their current capacity levels, which will result in
lifting both its topline and bottom-line figures in the upcoming years. Due to
considerable reductions in production costs, manufacturers are keeping
competitive pricing to beat the market headwinds.
Browse XX Figures through XX Pages and an in-depth TOC on "Global Hydrogen Peroxide Market"
The Global Hydrogen
Peroxide Market is segmented based on Grade, Type and Application, Region and
Competitive landscape.
Based on grade,
the market is bifurcated into <35% and >35%. As per market estimation, >35%
segment is likely to hold maximum market share in the global market. Global
market is categorized into distinct molar concentrations of hydrogen peroxide.
The marketing strategy of this green chemical based on the grade is formulated
according to the applications. For instance, less than 35% are utilized in home
care, personal care, and specialty applications, whereas higher concentrations
of more than 35% are generally utilized in paper and pulp, textile, chemical,
and wastewater management. To ensure the effective efficacy of the product,
high adoption of higher concentrations of more than 35% is witnessed, which is
the crucial factor driving the growth of the Global Hydrogen Peroxide Market in
the forecast period.
Based on Type,
the market is segmented into Disinfectant, Bleaching Agent, and Others. As per
the TechSci research estimates, bleaching agent is likely to hold the maximum
share in global hydrogen peroxide market. Hydrogen peroxide delivers high bleaching
effects at an effective cost price and maintains the fiber quality intact.
Additionally, bleaching in paper and textile manufacturing through hydrogen
peroxide chemical also helps in the extraction of alkaline which has
significant application in the field of molecular biology like isolating
plasmid DNA from bacteria.
Based on
Application, the market is fragmented into Pulp & Paper, Chemical
synthesis, Textile, Bleaching, Water Purification, Home & Personal Care,
Specialty Chemicals, and others. Pulp & Paper industry captures the largest
market share in Global Hydrogen Peroxide Market for industrial and household
applications. It is utilized as an ideal bleaching agent which exhibits
exceptional mechanical and chemical properties. Finished products also reflect
few material characteristics like quality improvement, lower production and
processing cost, and sustainability. Due to the surge in the demand for
high-quality paper for packaging and sanitary applications, it is expected that
the Pulp & Paper industry will bolster the growth of the market in the
forecast period. As per the latest tracking report released on September
2022 by International Energy Agency (IEA), Paper production has tremendously
increased and reached a record peak of 415 MT in 2021 and is expected to reach
newer peaks in the forecast period.
Major companies
operating in global hydrogen peroxide market are:
- Solvay S.A.
- Arkema S.A.
- Evonik Industries AG
- Mitsubishi Gas Chemicals Company
- Nouryon Holding B.V.
- FMC Corporation
- Santoku Chemicals Industries Co., Ltd.
- Chang Chun Petrochemical Co., Ltd
- Hansol Chemical Co. Ltd.
- Kemira Oyj
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“Owing
to the significant growth of end-use applications in global hydrogen peroxide
market, APAC region will likely lead the global market share in both value and
volume in the forecast period. Moreover, due to the rise of textile
applications in countries across APAC region, huge demand of hydrogen peroxide
as a bleaching agent is anticipated to drive the market growth in the forecast
period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Hydrogen
Peroxide Market- Global Industry Size, Share, Trends, Opportunity, and Forecast., 2018-2028, Segmented By Grade (<35% and
>35%), By Type (Disinfectant, Bleaching Agent, and Others), By Application (Pulp
& Paper, Chemical Synthesis, Textile, Bleaching, Water Purification, Home
& Personal Care, Specialty Chemicals and Others), By Region,” has evaluated the future
growth potential of Global Hydrogen Peroxide Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global hydrogen peroxide market.”
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