Sarasota, FL -- (SBWIRE) -- 07/20/2017 -- 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 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 a chemical compound of oxygen and hydrogen. It is used in industries as a bleacher, disinfectant, and oxidizer. Though hydrogen peroxide is a nonflammable chemical compound, it is the capable oxidizing agent that can bring spontaneous combustion when it comes in contact with organic material. It is found in various households at low concentration (3 to 9%) for medicinal applications and as a clothes and hair bleach. At higher concentrations, it is used as the bleach in various industries such as textiles and paper. Hydrogen peroxide is considered as the world's safest effective sanitizer as it kills organisms by oxidizing them.
Global hydrogen peroxide market has been witnessing robust growth over the past few years owing to growing demand from paper & pulp industries. This trend is expected to continue over the forecast period. Furthermore, demand for hydrogen peroxide is expected to grow due to growing application scope in the chemical industry in coming years. Additionally, increasing use of hydrogen peroxide in personal care products and pharmaceutical is anticipated to boost the market in coming years.
Hydrogen peroxide market has been segmented on the basis of the end-user and region. On the basis of end user hydrogen peroxide market is divided into paper and pulp, chemical, wastewater treatment, mining, and other. The paper and pulp segment are expected to acquire the largest market share of global market in the years to come owing to extensive use of hydrogen peroxide as a bleaching agent in the industry. Over 40% of the demand of hydrogen peroxide in 2015 was generated by the paper and pulp industry.
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The worldwide hydrogen peroxide market in 2015 was dominated by Asia Pacific. It accounted for around 50% of the global hydrogen peroxide market due to increase in production level of paper & pulp industry, particularly in India and China. This demand is expected to rise further in the near future due to continued growth of the pulp and paper industry in terms of reusing paper.
Key players operating in the hydrogen peroxide market include Arkema S.A., Evonik Industries AG, Solvay S.A., Akzo Nobel N.V., Kemira Oyj, Mitsubishi Gas Chemical Company, Inc., PeroxyChem LLC, Aditya Birla Chemicals Limited, Gujarat Alkalies and Chemicals Ltd (GACL), and Kingboard Chemical Holdings Ltd.
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The report segments the global hydrogen peroxide market as
Global Hydrogen Peroxide Market: End User Segment Analysis
Paper and Pulp
Global Hydrogen Peroxide Market: Regional Segment Analysis
The Middle East and Africa