(MENAFN- Ameliorate Digital Consultancy)
The Hydrogen peroxide market in North America size is predicted to exceed USD 1 billion by the end of 2026. It is widely used across various applications owing to its high reduction or oxidizing strength. It is a crucial intermediate chemical for various applications with the chemical industry witnessing massive investments over the past few years.
Increased demand for hydrogen peroxide across chemical, paper & pulp and wastewater treatment industries will majorly contribute to the Hydrogen peroxide market in North America growth. Hydrogen peroxide is widely used for producing propylene oxide, organic peroxide initiators, flame retardants and peracetic acid.
Although the ongoing COVID-19 pandemic affected most of the industrial sectors in North America, it came as a silver lining for the hydrogen peroxide industry. This is because hydrogen peroxide is widely recognized as an oxidizing agent and it is now proven that oxidizing disinfectants can be effective against the SARS COV-2 virus, thus increasing the product demand in the foreseeable future.
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U.S to emerge as a robust growth ground
A strong presence of key industry players combined with high per capita product consumption will majorly contribute to the growth of the hydrogen peroxide industry in the United States. The country has an established market for hydrogen peroxide and will witness reasonable growth over the coming years.
However, the introduction of digital infrastructure in the U.S has reduced the consumption of paper. Also, many key end user industries have shifted from paper to paperless operations owing to increased concerns for the environment. This has severely affected the regional paper & pulp industry and such a declining demand for paper will negatively affect the growth of the market.
Paper & pulp industry will be the largest end-user of hydrogen peroxide
Growing demand from the packaging sector is primarily responsible for the paper & pulp industry to register a dominant market share of over 40% across the region. Hydrogen peroxide is prominently used in multistage processes and kraft pulp bleaching. The mechanical pulp that is derived from traditional process of groundwood is bleached with hydrogen peroxide.
The paper & pulp industry will witness increasing demand for hydrogen peroxide, especially from end user sectors like print media. In addition, hydrogen peroxide has no negative effects on the environment as it breaks down into oxygen and water post a chemical reaction. This has increased the trust amongst environment-friendly stakeholders in the region.
Growing demand across chemical and wastewater treatment sector
Increasing investment activities coupled with growing per capita consumption of chemicals have boosted the usage of hydrogen peroxide in the chemical industry. In addition, increased opportunities for regional chemical manufacturers to export their products will further fuel the Hydrogen Peroxide Market in North America growth.
On the other hand, wastewater treatment will witness reasonable market growth owing to increased scarcity of purified water which has boosted the establishment of wastewater treatment plants across the region, thus creating lucrative growth opportunities for major industry players.
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Table of Contents (ToC) of the report:
Chapter 4 Hydrogen peroxide market in North America Size, By End-user
4.1 Hydrogen peroxide market in North America product insights
4.2 Paper & Pulp
4.2.1 Market size, 2016 – 2026
4.2.2 Market size by country, 2016 – 2026
4.3.1 Market size, 2016 – 2026
4.3.2 Hydrogen Peroxide Market in North America size by country, 2016 – 2026
4.4 Waste Water Treatment
4.4.1 Market size, 2016 – 2026
4.4.2 Market size by country, 2016 – 2026
4.5.1 Market size, 2016 – 2026
4.5.2 Market size by country, 2016 – 2026
4.6.1 Market size, 2016 – 2026
4.6.2 Market size by country, 2016 – 2026
Chapter 5 Hydrogen peroxide market in North America Share, By Country
5.1 Hydrogen peroxide market in North America country insights
5.2.1 U.S. market size, 2016 – 2026
5.2.2 U.S. market size by material, 2016 – 2026
5.2.3 U.S. market size by application, 2016 – 2026
5.3.1 Canada market size, 2016 – 2026
5.3.2 Canada market size by material, 2016 – 2026
5.3.3 Canada market size by application, 2016 – 2026
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