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).
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.
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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.
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