Hydrogen Peroxide Market Size To Expand at a Notable CAGR Of 5.5% During 2018 - 2023

Market OverviewThe hydrogen peroxide market was valued at USD 4096.1 million, in the preview period. It is estimated that the hydrogen peroxide market value would increase by about USD 5,499.99 million by 2027 and the CAGR value would grow at 4.3%.

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.

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.Browse Complete Report @ https://www.marketresearchfuture.com/reports/hydrogen-peroxide-market-7396

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.

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).