H2O2 (Hydrogen Peroxide) Measurement Market: Snapshot
Hydrogen peroxide is a basic type of peroxide, which is used as a strong bleaching and oxidizing agent. It is made by several manufacturing processes. However, the most widely used method is anthraquinone autoxidation. Hydrogen peroxide is utilized in several end-use sector for example, chemical, paper & pulp, wastewater treatment, mining, and electronics owing to its environment-friendly applications. Hydrogen peroxide, when inhaled, can cause irritation in the throat, nose, and respiratory tract. It can also lead to accumulation of fluid in the person’s lungs in extreme cases.
The enduring development in various end-use segments is relied upon to result in prominent extent of development in the global hydrogen peroxide market within the span of 2016 to 2024. In 2015, the opportunities in global hydrogen peroxide measurement remained at US$81.4 mn. Increasing at a CAGR of 5.70% during the period from 2016 and 2024, it is evaluated to worth US$133.3 mn by the end 2024.
Increased Usage in Healthcare Industry to Electrify MArket Development
With the rising utilization of hydrogen peroxide (H2O2) in its vaporized structure for purification, explicitly in the healthcare segment, the demand for hydrogen peroxide measurement gadgets has been showing a striking flood since the most recent couple of years. As the remnants remains from hydrogen peroxide are simply oxygen and water, the popularity of these gadgets is seeing high development in medical clinics, pharmacies, and research centers, intensive care units (ICU).
Experts at TMR foresee that the popularity rate of hydrogen peroxide measurement gadgets will stay expanding over the coming years, impacting the market's development significantly. The developing accentuation on employees in healthcare industry and the rising awareness with respect to the significance of improved indoor air quality will likewise boost the demand for these gadgets in the span of forthcoming years.
Hydrogen peroxide measurement discovers the greater part of its application in food and beverages, chemicals, laboratories, pharmaceuticals, healthcare, HAC systems, freeze dryer, and animal farming among which the healthcare segment has developed as the main end-use industry.
The competition is expected to highly intensify in the market over time. This is mainly due the fact that several players are expected to make their entry into the sector in the next few years. These players are also expected to pour huge investments in the market.
Usage of Hydrogen Peroxide in Making of Propylene Oxide to Fuel Market Demand
Rising adoption of the hydrogen peroxide in the making of propylene oxide is foreseen to help the demand regarding hydrogen peroxide in the chemical business in the coming years. Different employments of hydrogen peroxide are found crosswise over businesses, for example, in electronics, food processing, and textile. Hydrogen peroxide is utilized in the gadgets business for pickling metal surfaces. It is likewise used to dye chemical and natural fibers in the textile business.
Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa are the primary regions markets for hydrogen peroxide measurement gadgets. Europe drove the global market in 2015 with an offer of almost 34%. An entrenched and propelled medical framework helped the mentioned region to obtain the main position.
Furthermore, the emergence of a huge pool of market players is probably going to help the region in keeping up its initiative over the prospective years. The expanding selection of HPV purification in drug stores, healthcare, and labs is likewise expected to support the closeout of these gadgets in Europe soon.
Hydrogen peroxide (hereafter, H2O2) measurement devices are used for detection of hydrogen peroxide in gaseous and aqueous applications. Mostly, these devices are used in detection of hydrogen peroxide vapor (HPV) in the HPV decontamination applications. This is important, as the excess presence of HPV is unsafe to human exposure. Increasing use of hydrogen peroxide in decontamination process, and eco-friendly by-products (water and oxygen) of hydrogen peroxide are the key factors leading to the market growth of hydrogen peroxide measurement devices.
This research report on the hydrogen peroxide measurement market provides detailed analysis of the hydrogen peroxide measurement devices and helps understanding the driving forces behind the popularity of hydrogen peroxide measurement devices in the market. It also provides analysis of major sub-segments of the global hydrogen peroxide measurement market for the next nine years. This report includes extensive analysis of industry drivers, restraints, market trends, and market structure. The market study provides comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report has segregated the market based on product type, application, and geography.
Other important points covered in the research study include:
- Definitions, estimates, and forecast (revenue and volume) of the hydrogen peroxide market for the period from 2016 to 2024
- Analysis of the global market and respective sub-segments
- Recent developments of major players and strategies followed by them
- Profiles of major market participants to help better understand their contribution in the market
The research report provides a comprehensive assessment of stakeholder strategies, and the imperatives for succeeding in hydrogen peroxide measurement market. The report includes competitive analysis of various market segments based on product type and applications for hydrogen peroxide measurement devices, and in-depth cross-sectional analysis across different geographical segments of the hydrogen peroxide measurement market. In order to aid in strategic decision-making, the report also includes the winning strategies adopted by key players. The report segregates the hydrogen peroxide market based on different geographies into North America, Europe, Asia Pacific, Middle-east and Africa and Latin America.
For detailed understanding of the hydrogen peroxide measurement market, all these segments have also been estimated in terms of revenue (US$ Mn) and volume (‘000 Units) for the geographies mentioned above. The market research study analyzes the hydrogen peroxide measurement market worldwide, and provides historical revenue and volume estimates in terms for the years 2015 and 2014, along with the market forecast for the period 2016 to 2024. Market forecasts have been analyzed considering the impact of various economic, political, social, legal, operational and technological factors influencing market growth
The hydrogen peroxide measurement market is segmented as follows.
Hydrogen Peroxide Measurement Market, by Product Type
- H2O2 Sensors
- H2O2 Detectors
Hydrogen Peroxide Measurement Market, by Application
- Food and Beverage
- Animal Farming
- HVAC Systems
- Freeze Dryers
Hydrogen Peroxide Measurement Market, by Geography
- North America