Global Industrial Hydrogen Peroxide Market: Overview
Hydrogen peroxide refers to a hue-less liquid that is extensively utilized as a disinfectant, bleaching agent, and as an oxidizer. Hydrogen peroxide refers to the simplest form of peroxide in the world that comprises only oxygen and hydrogen. Hydrogen peroxide finds use in almost all types of beverage and food items. Industrial hydrogen peroxide finds use in bleaching of recycled pulp (de-inking), mechanical pulp, and chemical pulp. In the paper and pulp industry, hydrogen peroxide is utilized in increasing the level of brightness, diminishes the cost of manufacturing, and betters the stability of brightness and it is the only chemical that is needed for bettering the quality of paper. Riding on the back of these benefits, the global industrial hydrogen peroxide market is anticipated to observe growth over the projection period, from 2020 to 2030.
Function, end use, and region are three vital market factors based on which the global industrial hydrogen peroxide market has been classified.
Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report
Global Industrial Hydrogen Peroxide Market: Notable Developments
Some relevant and futuristic developments pertaining to the global industrial hydrogen peroxide market have taken place in the last few years.
- In February 2020, German manufacturer of specialty chemicals, Evonik Industries AG made acquisition of PeroxyChem LLC, an American chemical manufacturing company. The latter is a manufacturer of peracetic acid (PAA) and hydrogen peroxide (H2O2) and has been a prominent name in the high-margin specialty applications.
Some of the prominent companies in the global mobile clinics market are mentioned below:
- Arkema S.A.
- Mitsubishi Gas Chemical Company, Inc.
- Evonik Industries AG
- Akzo Nobel N.V.
- The Dow Chemicals Company
- Merck Group
Looking for Regional Analysis or Competitive Landscape in Global Industrial Hydrogen Peroxide Market, ask for a customized report
Global Industrial Hydrogen Peroxide Market: Key Trends
The global industrial hydrogen peroxide market is marked with the prevalence of the below-mentioned challenges, market drivers, and promising opportunities.
High Demand for Use in Paper and Pulp Industry and Water Treatment Process to Boost Demand
The growth of the global industrial hydrogen peroxide market is likely to be influenced by the increasing demand for the same from the paper and pulp industry. Hydrogen peroxide has gained traction amongst the manufacturers across the globe as this chemical is easy to use and is ideal for use across many applications in several industries.
It is utilized in the process of water purification, bleaching of textiles and in the making of detergent bleaches. Such extensive and important uses are likely to support rapid growth of the global industrial hydrogen peroxide market over the projection period, from 2020 to 2030.
However, there are many negative aspects of this extremely useful chemical. The rules and regulations imposed by Occupational Safety and Health Administration (OSHA) pertaining to the industrial exposure of this chemical is likely to challenge development of the global industrial hydrogen peroxide market in the years to come. Health hazards arising out of exposure to hydrogen peroxide has compelled imposition of strict rules and regulations, which is estimated to leave adverse impact on the global industrial hydrogen peroxide market in the years to come.
Global Industrial Hydrogen Peroxide Market: Geographical Analysis
Asia Pacific region is likely to account for a sizeable chunk of the global industrial hydrogen peroxide market over the timeframe of analysis, from 2020 to 2030. China is expected to account for a sizeable chunk of the market due to rising demand for the chemical from several end use industries, such as paper and pulp, textiles and so on. In addition, increasing use of this chemical in water treatment process is likely to propel growth of the industrial hydrogen peroxide market in Asia Pacific in the years to come.
Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.