Specialty
Oxidants Market – Overview
Specialty
oxidants has grown considerably in the past year due to its wide usage of a
bleaching agent. Market Research Future, a firm which specializes in
market reports related to the Chemicals and Materials sector among others,
recently published a report on this market. The industry is expected to
demonstrate a high growth rate in terms of CAGR rate and will achieve high
levels of revenue in the forecast period.
Get
Sample@ https://www.marketresearchfuture.com/sample_request/4083
Their
application in the electronics, paper industry and healthcare industry has led
to the development of the specialty oxidants sector radically. Increase in
level of personal consumer products demand has also prompted the growth of the
sector. Higher level of disposable income availability has been a key factor in
the development of this industry. Low costs of setting up manufacturing
facilities has attracted increased consumer interest in the sector.
Industry
Segments:
The industry
for global specialty oxidants is divided on the basis of type, application, end
use industries, and regions. The types present in the industry are sodium
chlorate, hydrogen peroxide, and others. The applications are segmented into
defoliant, bleaching, propulsion, cleaning & extraction, and others. The
bleaching based segment is the biggest segment as compared to other
applications. The end use industries in the market are categorized into
healthcare & personal care, wastewater & water treatment, food
processing, pulp & paper, textile, and others. The region for the industry
is divided into Asia Pacific, Europe, Latin America, North America, and the
Middle East & Africa.
Detailed
Regional Analysis:
Among the
regions covered in the report, Asia Pacific market is projected to develop at a
maximum CAGR during the forecast period owing to the escalating demand from end
use industries which are pulp & paper, textile, among others. The demand
for sector is expected to surge in developing nations such as India, Japan,
China, and Bangladesh due to rising food processing and water treatment sector.
Moreover, increasing demand for eco-friendly specialty oxidant such as Hydrogen Peroxide Market along with the increasing production
volume of paper & packaging caused the growth of pulp & paper market
and has further driven the demand for specialty oxidants in near future. Asia
Pacific has considerably developed as the largest market for specialty oxidant
followed by Europe and North America. European countries like Italy, Germany,
and UK have established themselves as a prominent consumer market and are
forecasted to witness steady growth over the forecast period.
Rising
consumer spending and purchasing power with the expansion of paper &
packaging in the European region is expected to raise the demand for specialty
oxidant. Latin American countries such as Brazil, Chile, and Colombia are also
anticipated to observe moderate growth with the introduction of new
technologies and new business models. In the Middle East & Africa, the
industry is expected to grow significantly due to an increasing number of water
treatment projects including desalination plants in countries such as United
Arab Emirates (UAE), Qatar, and Saudi Arabia. Moreover, major players are exploring
the Middle East market due to the amplified demand from wastewater & water
treatment industry.
Global
Competitive Analysis:
Businesses
are aiming to seize a substantial share of the market segment as quick as
possible. Experimentation with various advantage points is being seriously
considered and implemented. The industry players in the segment are effectively
utilizing their primary resources to initiate long lasting growth changes. A
trend of volume-driven growth has been observed in the market of late with the
development of different varieties of product types. The sector is undergoing
considerable transformation which has accelerated the growth pace of the
sector. The top longstanding growth opportunities for this sector can be
harnessed by ensuring continuous process improvements and sustaining financial
flexibility to invest in the optimal strategies.
The
prominent players are Akzo Nobel N.V (the Netherlands), Aditya Birla
Chemicals (India), Gujarat Alkalies and Chemicals Ltd (India), Evonik (Germany),
Arkema Group (France) and Solvay (Belgium) among others in the specialty
oxidant market.
Industry
Updates:
Jan 2018
Dutch chemicals company AkzoNobel NV is holding talks with multiple parties
over the potential sale of their specialty chemicals business. The
consultations are part of the group’s strategy, which were announced in April
last year to separate their specialty chemicals operations as a new entity and
focus on its paints and coatings business with “fit-for-purpose” structure and
processes. The company is following a dual-track process for the spinoff,
private sale or legal demerger.
Access
Complete Report @ https://www.marketresearchfuture.com/reports/specialty-oxidants-market-4155
No comments:
Post a Comment