Market Overview
Hydrogen peroxide is a pale blue liquid
with strong oxidizing properties and hence is widely used in bleaching
applications in the pulp & paper and textile industries. Kraft pulp is one
of the most important pulp type and hydrogen peroxide is used in multi-stage
processes for bleaching purpose. The application of hydrogen peroxide
allows to enhance the brightness levels and improved brightness stability, low
residue of halogenated compounds both in pulp (OX) and in effluent (AOX),
optimized economy through savings in the total chemicals required, and low
effluent color. In addition, hydrogen peroxide finds wide applications in the
textile industry for bleaching of both natural and synthetic fibers.
Significant growth of the textile industry in Asia-Pacific is likely to boost
demand for hydrogen peroxide in the coming years.
Market
Segmentation
The global hydrogen peroxide market has
been categorized on the basis of grade, application, and end-use industry.
By grade, the market has been segmented
into standard, chemical, cosmetic, aseptic, food, semiconductor, and others.
The standard grade segment accounted for the largest market share in 2017 and
is expected to be fastest growing grade segment during the review period. This
can be attributed to the widespread application of standard grade hydrogen
peroxide in pulp & paper, mining, textile industries, as well as in
environmental applications. Increasing environmental awareness and stringent
environmental regulations pertaining to the waste water and effluent from
various industries is likely to boost demand for the product during the
forecast period.
Based on application, the global
hydrogen peroxide market has been classified into bleaching, environmental,
oxidation, packaging, disinfectant, propellant, and others. The bleaching
segment was the dominant application in 2017 and is expected to be the leading
application segment during the review period. The key factors driving growth of
this segment are largescale consumption of the product in pulp & paper and
textile industry as a bleaching agent. Furthermore, it is consumed for
bleaching applications in food processing; recycling of precious metals, rare
earth elements and other key materials from industrial and domestic waste, and
paper; and cosmetics products.
Based on end-use industry, the global
hydrogen peroxide market has been categorized as pulp & paper, textile,
chemicals, food & beverage, personal care & cosmetics, healthcare,
electronics, mining, and others. The pulp & paper is projected to be the
leading end-use industry segment during the forecast period.
Regional Analysis
The global hydrogen peroxide market has
been studied with respect to five regions, namely, Asia-Pacific, North America,
Europe, Latin America, and the Middle East & Africa. Asia-Pacific is
expected to be the leading regional market during the forecast period. The
hydrogen peroxide is dominated by the pulp & paper industry. Significant
growth of this industry in the Southeast Asia is expected to be the prominent
factor driving growth of the regional market during the forecast period.
Competitive
Analysis
The leading players in the global hydrogen peroxide market are Solvay
(Belgium), Evonik Industries AG (Germany), Kemira (Finland), Arkema SA
(France), Mitsubishi Gas Chemical Company Inc (Japan), Nouryon (the
Netherlands), Chang Chun Group (Taiwan), National Peroxide Ltd (India), FMC
Corporation (US), OCI Company Ltd (South Korea), Indian Peroxide Limited
(India), Thai Peroxide Co. Limited (Thailand), Merck KGaA (Germany), Huatai
Group (China), and Hansol Chemical (South Korea).
Get Complete Research Report by market Research Future@ https://www.marketresearchfuture.com/reports/hydrogen-peroxide-market-7396
Get Complete Research Report by market Research Future@ https://www.marketresearchfuture.com/reports/hydrogen-peroxide-market-7396
No comments:
Post a Comment