Hydrogen peroxide is a chemical compound which is pale blue color liquid when it is in pure form. It is used as an oxidizer, bleaching agent, and antiseptic. Concentrated hydrogen peroxide, or "high-test peroxide", is a reactive oxygen species and has been used as a propellant in rocketry. Its chemistry is dominated by the nature of its unstable peroxide bond. It is majorly manufactured by the anthraquinone process.
Global Hydrogen Peroxide Market: Key Players
The research study includes profiles of leading companies operating in the global Hydrogen Peroxide market. Key players profiled in the report include: Arkema S.A., Evonik Industries AG, Solvay S.A., Akzo Nobel N.V., Kemira Oyj, Mitsubishi Gas Chemical Company, Inc., PeroxyChem LLC, Aditya Birla Chemicals Limited, Gujarat Alkalies and Chemicals Ltd (GACL), and Kingboard Chemical Holdings Ltd.
These players have a strong geographical presence with large production plants, high investment capacities, and a well-established supply chain.
Drivers for the Global Hydrogen Peroxide Market:
There is an increase in the demand of paper and pulp across the world which enhances paper and pulp industry. This is the major driver responsible for the growth of the market as its use in the pulp and paper industry has significantly increased in recent decades. It enables lower production costs, improved paper quality, and increased yield of wood mass. Further, hydrogen peroxide is widely used in for bleaching of chemical pulp, mechanical pulp, and recycled pulp enhancing its use in chemical industry which boosts this market.
Opportunities for the Global Hydrogen Peroxide Market:
Rising regulations for recycled paper imposed by the regulatory bodies will propel the use of hydrogen peroxide in coming years. Further, its increasing applications in various industries, such as electrical and electronic, food packaging, water treatment, personal care, laundry and dishwashing, cleaning and furnishing care will enhance the growth of market during the forecast period.
Restrains for the Global Hydrogen Peroxide Market:
However, volatility in price trend of raw material may slow down the growth of the hydrogen peroxide market.
Region Wise, Global Hydrogen Peroxide Market Analysis:
North America and Europe shows significant share in hydrogen peroxide market due to increase in the chemical and food industry. Additionally, stringent rules and regulations imposed by Government of these regions is also responsible for the growth of usage of hydrogen peroxide. Asia Pacific will show maximum share in coming years because of the presence of major players involved in this market. Further, increasing packaging industry and various end-use industries in developing economy will propel the growth of market. Moreover, Latin America and Middle East & Africa regions are considered to grow at moderate pace during the forthcoming years.
Covid-19: Impact and Recovery Analysis for Global Hydrogen Peroxide Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries. With Covid-19 infections raising globally, the apprehension regarding a shortage of essential life-saving devices and other essential supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widen. Demand across the organic chemicals sector has registered a bang in growth although increasing demand for certain chemicals that find end applications in healthcare and food industries.
Global Hydrogen Peroxide Market: Product analysis
- 35% Hydrogen Peroxide
- 50% Hydrogen Peroxide
Global Hydrogen Peroxide Market: Applications analysis
- Paper & Pulp
- Waste Water Treatment
Global Hydrogen Peroxide Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East