Global hydrogen peroxide market was valued at USD 3.81 billion in 2015, is expected to reach USD 5.19 billion in 2021.
Sarasota, FL -- (SBWIRE) -- 02/17/2017 -- Zion Market Research has published a new report titled "Hydrogen Peroxide Market for Paper and Pulp, Chemical, Wastewater Treatment, Mining, and Others - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021". According to the report, global demand for hydrogen peroxide market was valued at USD 3.81 billion in 2015, is expected to reach USD 5.19 billion in 2021 and is anticipated to grow at a CAGR of 5.3% between 2016 and 2021.
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Hydrogen peroxide is an eco-friendly bleaching agent and its market is primarily driven by increased demand from pulp and paper industry. However, with an increase in the use of hydrogen peroxide for decontamination, particularly in the healthcare industry, the demand for hydrogen peroxide measurement devices has witnessed a notable surge in the recent years. Furthermore, the environment-friendly residues of hydrogen peroxide, oxygen and water have impelled its adoption in a variety of applications in the healthcare sectors such as pharmacies, laboratories and intensive care units.
Asia pacific dominated the overall hydrogen peroxide market in terms of revenue in 2015. Asia Pacific is one of the largest consumers of the hydrogen peroxide.
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The growth in the region is led by factors such as worsening water scarcity issues and ensuing focus on waste water treatment, growing production of textiles and strong opportunities in bleaching. Asia Pacific accounted for more than 50% of the global hydrogen peroxide market in 2015.
The hydrogen peroxide markets in Latin America and the Middle East and Africa regions are anticipated to witness a surge in demand owing to the growth of the paper and pulp industry in Brazil and South Africa.
North America and Europe will witness moderate growth in the coming years. Hydrogen peroxide presently preferred in pollution control and waste water treatment. Increased environmental pressure in North America and Europe is expected to fuel the demand for hydrogen peroxide in applications such as re mediated contaminated water and soil and pulp bleaching.
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The report segments the global hydrogen peroxide market as:
Global Hydrogen Peroxide Market: End User Segment Analysis
-Paper and Pulp
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Global Hydrogen Peroxide Market: Regional Segment Analysis
-Middle East and Africa
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