Specialty Oxidant Market is Expected to Grow Significantly by 2030

Pune, India, Aug 28, 2017 /MRFR Press Release/- Market research future published a half cooked research report on global Specialty oxidant market.

Specialty Oxidants Market Highlights

Asia Pacific is expected to dominate the market during the forecast period due to increasing consumption of specialty oxidant in end use industries such as pulp & paper, wastewater & water treatment, food processing among others. Asia Pacific will continue to see significant growth in demand due to global shift of pulp & paper industry towards, India, China, Vietnam, Malaysia, and Australia owing to availability of cheap raw material and cost effective labor force. Furthermore, lenient government norms as compared to the developed regions can be further attributed to the growth of specialty oxidants market in the Asia Pacific region. The region accounted for around 30% global specialty oxidants market. Additionally, rising disposable income coupled with increasing spending on personal care products such as shampoo, hair dyes hair bleaches, and conditioners in the region is expected to fuel market growth for specialty oxidants. Moreover, key players operating in the market has increased investment in emerging economies due to low setting up production plant cost. The continuous growth of pulp & paper industry, coupled with rising application of specialty oxidant as an environment-friendly bleaching agent and the impressive growth of electronics industry in Asia Pacific has propelled the regional market for specialty oxidants.

Asia Pacific accounted for the largest market share in 2016 followed by Europe and North America. Europe is predicted to witness steady growth over the forecast period. Increasing demand from textile sector is expected to drive the market for specialty oxidants in the region. Moreover rising awareness about the eco-friendly personal care products coupled with increasing number of working professionals is expected to fuel market growth. European countries such as Germany, Italy, and France are the major contributors to the regional growth of specialty oxidants in the region and is expected to be the dominant countries during the forecast period. North America market growth is attributed due to expansion of personal care and textile industry.. In the Middle East & Africa, specifically in Saudi Arabia and United Arab Emirates, surge in demand of specialty oxidant is due to rising spending of large number of consumers on sanitation and personal care products. Furthermore, the increasing demand for specialty oxidant to be used as a disinfectant in wastewater treatment to address the need for clean drinking water is expected to fuel market growth for specialty oxidants in the region.

Global specialty oxidant market share, by region (2016) (%)

SegmentationThe global specialty oxidants market is divided on the basis of type, application, end use industries, and regions. On the basis of type, the market is divided into sodium chlorate, hydrogen peroxide, and others. On the basis of application, the market is segmented into defoliant, bleaching, propulsion, cleaning & extraction, and others. Among all bleaching is expected to be the largest segment. On the basis of end use industries, the market is categorized into healthcare & personal care, wastewater & water treatment, food processing, pulp & paper, textile, and others. Regionally, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Key players-Key industry participants include Akzo Nobel N.V (the Netherlands), Aditya Birla Chemicals (India), Gujarat Alkalies and Chemicals Ltd (India), Evonik (Germany), Arkema Group (France), MITSUBISHI GAS CHEMICAL COMPANY, INC (Japan), Solvay (Belgium) among others. 

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