Fast Market Research announces the availability of the new TechNavio report, "Global Hydrogen Peroxide Market 2015-2019 ", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 09/01/2015 -- Hydrogen peroxide is a versatile oxidizing chemical that is used in applications from household disinfection to industrial chemical synthesis. The chemical is usually manufactured using the anthraquinone process. It is more viscous than water and colorless when it is in diluted form. High concentrations of hydrogen peroxide is harmful, hence, it is generally diluted with water and then used in various end use industries like F&B, textiles and laundry, chemical synthesis, wastewater treatment, pulp and paper, oil and gas, electronics, and healthcare. A major share of hydrogen peroxide is consumed in the synthesis of propylene oxide that, in turn, is used for polyurethane production.
Technavio's analysts forecast the global hydrogen peroxide market to grow at a CAGR of 6.22% over the period 2014-2019.
Commenting on the report, an analyst from Technavio's team said: "Hydrogen peroxide is used for disinfection of equipment and sanitization of establishments in dairies, wineries, and the meat and poultry processing industries. The global market for food processing equipment is expanding on account of growing population and demand for processed food. Increasing regulations on the usage of chemicals for sanitization is leading to the evaluation of greener alternatives by industry players. The concept of 'going organic' involves usage of bio-friendly chemicals. Hydrogen peroxide is poised well for these applications due to the fact that it does not leave any harmful residue. We therefore expect the demand for hydrogen peroxide from the F&B industry to rise rapidly going forward. New formulations and value-added products with varied concentrations of hydrogen peroxide that can suit the precise end-use applications will be launched into the market by the manufacturers."
Get More Details on this Report and a Full Table of Contents at Global Hydrogen Peroxide Market 2015-2019
According to the report, hydrogen peroxide, along with PAA, is one of the important constituents in the manufacture of peroxide-based disinfectants. Disinfectants are widely used in industries pertaining to food processing, cosmetics, paints, and adhesives to destroy microorganisms and improve the shelf life of the product. The disinfectant market is on a rapid growth trajectory on account of the increasing demand from the Asian economies, particularly India, China, and Japan. The demand for consumables in these countries is coupled with a corresponding demand for chemical disinfectants. The recent outbreak of diseases such as Ebola in West Africa, swine flu in Asia, and enterovirus D68 and chikungunya in the Americas has further fueled the demand for household disinfectants.
Further, the report states that stringent government regulations regarding the manufacture, usage, and disposal of disinfectants is another major challenge for market growth.
The key players in the Global Hydrogen Peroxide Market are Aditya Birla Chemicals, Arkema, Ecolab, Evonik, Kemira, PeroxyChem and Solvay while other prominent vendors include Christeyns, DuPont, Enviro Tech Chemical Services, Helios group, Mitsubishi Gas Chemical Company, Promox, Seitz, Shandong Huatai Interox Chemical and Sigma-Aldrich
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