Demand for hydrogen peroxide is likely to increase on account of growing applications in paper and pulp industries
Albany, NY -- (SBWIRE) -- 04/17/2018 -- A new research report titled "Hydrogen Peroxide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the report, the global hydrogen peroxide market is likely to grow at a CAGR of 4.7% during the assessment period.
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According to the report, demand for hydrogen peroxide is likely to increase on account of growing applications in paper and pulp industries. The advancements in hydrogen peroxide manufacturing have boosted the applications in pulp and paper industries, where it is mainly used as an oxidizing and bleaching agent. These factors are likely to provide an impetus to the growth of the global hydrogen peroxide market during the assessment period.
Although the outlook on the global hydrogen peroxide market remains positive, demand is likely to be influenced by the growing preference towards digital mediums. In the last two decades or so, a momentous shift from paper to digital mediums has been witnessed. This transition has led to a decline in the demand for paper and pulp, which is likely to reduce the demand during the assessment period.
The report offers holistic analysis and insights on the hydrogen peroxide market on the basis of key regions. According to the report, Asia Pacific is likely to remain one of the largest markets for hydrogen peroxide during the assessment period. The presence of a large number of manufacturing industries in the region is likely to provide an impetus to demand during the assessment period. In addition to high consumption, many countries in the region are prominent export partners, which is also likely to provide an impetus to growth.
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According to the report, the global hydrogen peroxide market continues to be highly fragmented, with a number of key players accounting for miniscule share of the global market. The established players in the market are focusing on improving their existing position through mergers and acquisitions, whereas local players are focusing on strengthening their distribution channel.
The report profiles the business and product strategies of some of the leading players in the market. According to the report, some of the leading players in the market include National Peroxide Limited, Arkema S.A. Mitsubishi Gas Chemical Company, Solvay S.A., and Evonik Industries AG. The detailed competitive landscape section included in the report can help stakeholders in gaining credible insights and analysis on this landscape.
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