Wednesday, 01 December 2021 09:31 GMT

Hydrogen Peroxide Market 2021 - Upcoming Trends and Growth Opportunities by 2028


(MENAFN- The Express Wire)Posted on Nov 15 2021 11:02 AM

"Top companies covered in the Hydrogen Peroxide Market are Gujarat Alkalies and Chemicals Ltd. , Nouryan , Hansol Chemical Co. Ltd. Taekwang Industrial Co., Ltd., Mitsubishi Gas Chemical Company Inc. , Evonik Industries A.G. , Indian Peroxide Ltd. , OCI COMPANY Ltd., Thai Peroxide Ltd. and more players profiled in Hydrogen Peroxide market research report"

The global hydrogen peroxide market size is projected to reach USD 2,122.1 million by 2027, exhibiting a CAGR of 3.7% during the forecast period. Soaring demand for disinfectant products amid the COVID-19 pandemic will be a powerful growth driver for this market, states Fortune Business Insights™ in its report, titled“ Hydrogen Peroxide Market Size, Share & Industry Analysis, By Grade (35%), By Type (Disinfectant, Bleaching Agent and Others), By Application (Pulp & Paper, Chemical Synthesis, Textile Bleaching, Water Purification, Home & Personal Care and Specialty Applications), and Regional Forecast, 2020-2027 ”. The coronavirus pandemic has reaffirmed the importance of hygiene and sanitation, since the virus has been known to spread through infected surfaces as well as through the air. As a result, the demand for disinfectants has suddenly spiked.

Get Sample PDF of Hydrogen Peroxide Market Report, Please Connect with our Sales Team Below:

Name: Mr. Ashwin Arora

Email: sales [@] fortunebusinessinsights [.] com

Phone: US +1424 253 0390 / UK +44 2071 939123

According to the report, the global market value stood at USD 1,613.8 million in 2019. The report also offers the following:

  • Actionable research into the various drivers, trends, constraints, and opportunities shaping the market;
  • In-depth analysis of each market segment;
  • Comprehensive insights into the regional developments influencing the market; and
  • Microscopic evaluation of the growth strategies adopted by the key market players.

 

Competitive Landscape

Tactical Investments in Boosting & Expanding Production Capacity to Spur Competition

Key players in this market are making massively investing in strengthening their production capacities to consolidate their regional market presence and expand their operations beyond their home turf. In addition, companies are also aggressively enhancing R&D activities to cater to the growing diversity of demand for H2O2 applications.

 

Industry Developments:

  • September 2020: Solvay launched a multi-year initiative to evolve its industry footprint called the“Peroxides for the Future (P4F)” program. Under this program, Solvay will curb its H2O2 production in Western Europe from January 2021 and boost capacity at its onsite satellite plants.
  • February 2020: Mitsubishi Gas Chemical Company announced the construction of a new facility to produce industrial H2O2 in Taiwan. With an investment of USD 156.6 million, the company aims at advancing its super-pure hydrogen peroxide business to bolster its operations in the semiconductor industry.

List of the Key Companies Profiled in the Hydrogen Peroxide Market Report:

  • Gujarat Alkalies and Chemicals Ltd. (India)
  • Nouryan (The Netherlands)
  • Hansol Chemical Co. Ltd. (South Korea)
  • Taekwang Industrial Co., Ltd. (South Korea)
  • Mitsubishi Gas Chemical Company Inc. (Japan)
  • Evonik Industries A.G. (Germany)
  • Indian Peroxide Ltd. (India)
  • OCI COMPANY Ltd. (South Korea)
  • Thai Peroxide Ltd. (Thailand)
  • KemiraOyj (Finland)
  • Arkema S.A. (France)
  • Solvay S.A. (Belgium)

 

Have Any Query? Ask Our Expert:“

Name: Mr. Ashwin Arora

Email: sales [@] fortunebusinessinsights [.] com

Phone: US +1424 253 0390 / UK +44 2071 939123

 

Market Driver

Growing Volume of Wastewater Discharge Worldwide to Heighten Demand for H2O2

Wastewater management and treatment has become a serious challenge to governments and other regional and international bodies. According to UN Water, globally, approximately 80% of the wastewater is released into the ecosystem without being treated. As a result, around 1.8 billion people around the world are forced to use water contaminated with a wide variety of pollutants, putting them at risk of developing diseases such as cholera and typhoid. Hydrogen peroxide provides an optimal solution to the problem of wastewater treatment as this compound is extremely versatile and environment-friendly. It has strong oxidizing properties, which make it suitable for destroying different kinds of pollutants present in water. Furthermore, partial oxidation of toxic compounds using hydrogen peroxide can raise their biodegradability quotient, thus reducing their toxicity. Thus, the dire need to effectively treat wastewater is likely to fuel the hydrogen peroxide market growth.

 

Regional Insights

Asia Pacific to Dominate the Market with Support from Excellent Industrial Growth

With a market size of USD 296.9 million in 2019, Asia Pacific is poised to hold a commanding position in the hydrogen peroxide market share during the forecast period. The prime growth accelerator for this region is the prolific growth of various industries such as paper, textile, and chemicals, where H2O2 is extensively utilized. The most promising industry among these is the paper industry, with Asia Pacific holding the apex position in terms of paper & paperboard consumption, as per the Food and Agriculture Organization (FAO) estimates.

Inquire Before Buying Hydrogen Peroxide Market Report, Please Connect with our Sales Team Below:

Name: Mr. Ashwin Arora

Email: sales [@] fortunebusinessinsights [.] com

Phone: US +1424 253 0390 / UK +44 2071 939123

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

 

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: [email protected]

 

You can also contact us/follow us on:

 

 

 

MENAFN15112021004576010663ID1103173513


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.