Pune, India -- (SBWIRE) -- 05/01/2018 -- The Global Industrial Hydrogen Peroxide Market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Global Industrial Hydrogen Peroxide Market by Function (Bleaching, Oxidizing, Sterilizing/Disinfecting, Propulsion); End-user (Pulp & Paper, Chemical Synthesis, Healthcare & Personal Care, Food Processing, Textile, Water & Wastewater Treatment, Electronics & Semiconductor); Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The Global Industrial Hydrogen Peroxide Market accounted for USD 2.86 billion in 2016 and projected to grow at a CAGR of 6.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Industrial hydrogen peroxide is one of the cleanest and versatile chemicals not only in industry but also ever expanding environmental cleanup and remediation area. It is widely used in wood pulp, paper and milling industries as a bleaching agent. Moreover, it is also helpful in treatment of water cleaning. It has its wide application in pulp & paper, chemical synthesis, healthcare & personal care, food processing, and others. Increasing demand for environmental-friendly solutions may act as the major driver in the growth of Hydrogen Peroxide market. On the other side, exposure of the eyes could result in permanent loss of vision may hamper the market.
Major market drivers and restraints:
- Increasing demand for environmental-friendly solutions
- Paradigm shift from chlorine to elemental chlorine free (ECF) chemicals
- Growing use as an oxidizing agent in the chemical industry
- Increasing demand from the gradually maturing pulp & paper industry
- Exposure of the eyes to concentrations of 5% or more could result in permanent loss of vision
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The global Industrial Hydrogen Peroxide market is segmented on the basis of function into bleaching, oxidizing, sterilizing/disinfecting, propulsion, and others.
On the basis of end-user:- Pulp & paper, chemical synthesis, healthcare & personal care, food processing, textile, water & wastewater treatment, electronics & semiconductor, and others.
The pulp & paper segment is sub segmented into chemical pulp, mechanical pulp, and recycled pulp.
The chemical synthesis segment is sub segmented into inorganic derivatives, and organic derivatives.
The inorganic derivatives segment is sub segmented into sodium perborate, and sodium percarbonate.
The organic derivatives segment is sub segmented into methyl ethyl ketone peroxides, and benzoyl peroxide.
The healthcare segment is sub segmented into healthcare, and personal care.
The food processing segment is sub segmented into sterilization, antimicrobial agent, and oxidizing & bleaching agent. The others segment is sub segmented into mining & metallurgy, transportation, and recycling.
On the basis of geography:- Global Industrial Hydrogen Peroxide market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
- Akzo Nobel N.V.,
- BASF SE,
- The Dow Chemical Company,
- MITSUBISHI GAS CHEMICAL COMPANY, INC.,
- TAEKWANG INDUSTRIAL CO, LTD.,
- FMC Corporation,
- Aditya Birla Chemicals,
- OCI Chemical Corporation,
- National Peroxide Ltd,
- Shandong Huatai Paper Industry Shareholding Co.,Ltd,
- Guangdong ZhongCheng Chemicals Inc., Ltd,
- Kingboard Chemical Holdings Ltd.,
- PJSC Khimprom,
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