Hydrogen Peroxide Market to register an appreciable growth rate through 2026
Category: #reports  By Rahul Sankrityayan  Date: 2020-06-03
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Hydrogen Peroxide Market to register an appreciable growth rate through 2026

Hydrogen peroxide market size was valued at around $4.8 billion in 2019 and will exhibit a growth rate of over 5.7% CAGR from the period of 2020 to 2026

Increasing adoption of (HPPO) hydrogen peroxide propylene oxide process will further fuel the demand for its key raw material i.e. hydrogen peroxide in the coming years. Companies such as Dow Chemicals, BASF SE, and Solvay have collaborated to use the HPPO technology. Furthermore, the use of electronic grade hydrogen peroxide in etching of semiconductors boards will have a dynamic impact on the hydrogen peroxide industry revenue trends. Companies such as Evonik and Solvay have commercialized the electronics grade variants and are investing intensively in the research and development.

Hydrogen Peroxide Market will exhibit an upward trend over the coming years, with the urge to maintain the environment sustainability and the rising pressure to minimize plastic wastes globally. Increasing awareness for eco-friendly packing process and recycled paper will stimulate the hydrogen peroxide market outlook notably. The packaging industry is focusing towards flexible packaging material than plastics to cater to the growing demand.

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Based on end-use, hydrogen peroxide industry finds extensive application across Paper & Pulp, Waste Water Treatment, Chemical, and Mining. Hydrogen peroxide market size in chemical sector is projected to surpass a revenue of USD 2,000 million by 2024. This sector will observe escalating gains over the coming years, owing to HPPO process and increase in usage of propylene oxide in commercial products like synthetic emollients, flame retardants, drilling chemicals for oil fields etc.

Paper and pulp industry, dominating the global market share by 40% in 2015, is expected to record a CAGR of 5% over the period of 2016-2024, owing to its increasing demand for stationery and recycled paper. This lucrative sector may consume hydrogen peroxide worth USD 2500 million in the coming seven years.

Another sector witnessing heavy gains in the hydrogen peroxide industry is the waste water treatment industry. This industry will observe escalating growth at a rate of 5.5% over the period of 2016-2024. Government regulations for waste water treatments in industry and environmental protection are the attributing factors for the industry growth

Top Companies:

  1. Arkema S.A.
  2. Evonik Industries AG
  3. Solvay S.A.
  4. Akzo Nobel N.V.
  5. Kemira Oyj
  6. Mitsubishi Gas Chemical Company
  7. PeroxyChem LLC
  8. Aditya Birla Chemicals Limited
  9. Gujarat Alkalies and Chemicals Ltd. (GACL)
  10. Kingboard Chemical Holdings Ltd.

The report contains details about the production, remuneration, price, growth rate of each segment, as well as market share.

Split by application, the market is divided into:

  1. Paper & Pulp
  2. Chemical
  3. Waste Water Treatment
  4. Mining

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This report provides information about the product consumption and market share of the application, as well as the growth rate of each application segment.

The regional segmentation covers:

Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

North America Region (U.S., Canada, Mexico)

South America Region (Argentina, Brazil, Columbia, Rest of South America)

Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)

The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/hydrogen-peroxide-market

North America and Europe hydrogen peroxide market report are expected to cross USD 1,000 million by 2024. However, strict regulations by REACH, EPA, FDA and OSHA will shift the focus of the manufacturers to Asia Pacific regions.

Notable hydrogen peroxide industry participants are AkzoNobel, Arkema, Gujarat Alkalies, Solvay S.A., Kemira Oyj, Mitsubishi Chemical Corporation, Gujarat Alkalies & Chemicals, and Evonik Industries.

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About Author

Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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