Global Hydrogen Peroxide Market Size worth $6bn by 2024

Hydrogen Peroxide Market size is set to exceed USD 6 billion by 2024; according to a new research report by Global Market Insights, Inc.
 

Developments in the paper & pulp industry would become a significant driver in hydrogen peroxide market. The product helps to brighten the deinked papers which will boost the demand for product. In 2015, more than 400 million metric tons of paper was consumed globally. The progress in paper & pulp industry would increase in the coming years which would increase demand for the product. One of the major drives in the paper & pulp industry is booming e-commerce sector and rising home delivery facilities. This has increased the need for paper in the packaging industry. Rising trend towards sustainable options would increase paper recycling which would further increase the H2O2 demand in future.

 

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Progress in the electronics industry would become a significant opportunity for the hydrogen peroxide manufacturers. This is due to the usage of the product in etching of printed circuit boards. Various companies are investing in research & development activities and offer product grades which is suitable for this application. However, stringent regulations concerning industrial exposure levied by OSHA and other regulatory bodies like REACH, FDA, EPA etc. may curb the hydrogen peroxide market growth in future.
 

Hydrogen Peroxide Market

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Chemical end-user segment attained a significant share in the hydrogen peroxide market owing to the product’s extensive usage in production of various chemicals. It is used in manufacturing of sodium perborate and sodium percarbonate. Various peracids are produced in presence of an acidic catalyst by oxidation of H2O2. It is the most suitable chemical for hydroxylation of aromatic rings. This product is also used in metal treatment to remove various impurities efficiently. Such diverse applications of the product are likely to propel in the next few years.
 

Browse key industry insights spread across 115 pages with 88 market data tables & 10 figures & charts from the report, “Hydrogen Peroxide Market Size By End-User (Paper & Pulp, Chemical, Wastewater Treatment, Mining), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hydrogen-peroxide-market
 

Europe is a significant region in the hydrogen peroxide market as it accounted for one fourth of the market share. This is owing to the presence of major product manufacturing companies in the region. The products must meet various stringent regulations of European Union which could curb the market growth in future. Europe consists of around 18,000 wastewater treatment plants that are currently in operation. The region reuses 60% of the sludge and is targeting to reach a 100% in future. Such rising trends in the wastewater treatment industry would in turn spur the need for hydrogen peroxide. This is owing to the product being used as an oxidizing agent in this process. The rate of oxidization highly depends upon the concentration of H2O2. It also has the ability to minimize the toxicity of organic compounds which improves their biodegradability.
 

Some manufacturers in the hydrogen peroxide market include PeroxyChem LLC, Aditya Birla Chemicals Limited, Mitsubishi Gas Chemical Company, Inc., Akzo Nobel N.V., Evonik Industries AG, Arkema S.A., etc.
 

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The hydrogen peroxide market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD Million from 2013 to 2024, for the following segments:

By End-user

  • Paper & pulp
  • Chemical
  • Wastewater treatment
  • Mining
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • GCC

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