Global Hydrogen Peroxide Market Set for Rapid Growth, to Reach USD 3.21 Billion by 2022

20-Feb-2018 | Zion Market Research

Zion Market Research has published a new report titled “Hydrogen Peroxide Market for Textile, Paper and Pulp, Waste Water Treatment, Chemical and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022.” According to the report, global hydrogen peroxide market was valued at USD 2.40 billion in 2016 and is expected to reach USD 3.21 billion in 2022, growing at a CAGR of 4.5% between 2017 and 2022. In terms of volume, global hydrogen peroxide market stood at approximately 4,610.0 kilotons in 2016.   

Hydrogen peroxide is a clear compound which is prepared chemically. It is primarily used as a bleaching agent in various applications. Moreover, it is also used as a cleaning and disinfecting agent in water treatment industry, pharmaceutical and many other industries. It has pungent, irritating odor and is available in powder and liquid form. Thus, used as an alternative to chlorine in water treatment industry.

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The global hydrogen peroxide market is primarily driven by the growing demand for pulp and paper industry across the globe. Growing stringent rules and regulation is also expected to accelerate the demand for recycled paper in the packaging industry. Moreover, the demand for hydrogen peroxide is also driven by growing water treatment industry globally. However, the fluctuating prices of raw material are likely to hamper the growth of the market. Nonetheless, growing textile, cosmetic and personal care industries in emerging countries are expected to offer new opportunities to the major players over the coming years.

Global Hydrogen Peroxide Market

The global hydrogen peroxide market is majorly classified into textile, paper and pulp, wastewater treatment, and other applications.  Among all, paper & pulp was the most attractive application of the global hydrogen peroxide market in 2016. It accounted for above 50.0% share of the total volume consumption of the market in 2016. Furthermore, it is also predicted to continue this trend over the next few years. This growth is attributed to the surging demand for a paper due to the escalating packaging in food & beverages, pharmaceutical and personal care industries across the globe. Water treatment was the second largest application of the market in the same year. Textile and chemicals are other important outlets that are expected to leverage the market consumption over the next few years.

In term of the region, Asia Pacific was the leading market of hydrogen peroxide in 2016. It accounted for more than 28.0% share of the total market in 2016. Furthermore, it is predicted to reveal the great potential to increase the demand for hydrogen peroxide due to the growing packaging industry in the region. It is also the fastest growing market of hydrogen peroxide within the forecast period owing to easy availability of raw materials coupled with an increase in disposable income. Europe was the second largest market in the same year. North America is expected to grow at moderate pace in the near future.

Some of the major players of the global hydrogen peroxide market include Arkema SA, Kemira, BASF SE, Akzo Nobel, Solvay, Aditya Birla Chemicals, Ecolab, Merck Group, Evonik Industries AG, National Peroxide Limited, Mitsubishi Gas Chemical Company, Inc., and The Dow Chemical Company among years.

This report segments the global hydrogen peroxide market as follows:

Global Hydrogen Peroxide Market: Application Analysis

  • Textile
  • Paper & Pulp
  • Waste Water Treatment
  • Chemical
  • Others

Global Hydrogen Peroxide Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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