Press release
Hydrogen Peroxide Market Rising at 5% CAGR to 2024: Analysis of Key Players, Trends, Drivers, & Challenges
Hydrogen Peroxide Industry, Hydrogen Peroxide Market share, Hydrogen Peroxide Sales
Hydrogen Peroxide Market size is set to reach USD 6.39 billion by 2024; according to a new research report. Rising paper &pulp industry is expected to be the major driver for global hydrogen peroxide market size in the upcoming years. Applications for brightening of deinked papers will favor industry demand, global paper &pulp industry was worth more than USD 550 billion in 2015 and will have a steady growth owing to the increasing flexible packaging material demand in the packaging industry. With growth of electronic commerce market and ease of home delivery system, the demand for flexible packaging will have a healthy growth. Also, growing awareness about usage of recycled papers will boost demand for de-inked recycled papers.
However, regulations imposed by OSHA regarding industrial exposure will act as a restraint to hydrogen peroxide market growth. Though they have medicinal uses in a minor concentration, multiple applications report in skin related issues. Stringent regulations by bodies including EPA, FDA and REACH will hinder the market growth in North America and Europe.
With the commercialization of hydrogen peroxide propylene oxide or HPPO process to produce propylene oxide using HP as raw material, the global hydrogen peroxide market share is forecast to witness a decent growth in the forecast period. Electronic grade applications for etching of circuit boards that find application in manufacture of semiconductors, will create a decent window of opportunity for the hydrogen peroxide market. Companies such as Solvay and Evonik have commercialized the electronics grade variants with several other under R&D.
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Key insights from the report include:
Global hydrogen peroxide market size is forecast to reach USD 6.39 billion by 2024, with estimated gains at 5.7% CAGR.
Paper &pulp industry accounted for around USD 1,550 million of hydrogen peroxide market share in 2015 and will continue to dominate the market throughout the forecast timeframe. This growth is on the account of rising demand of recycled papers and flexible packaging materials.
Chemical applications were worth more than USD 1,300 million in 2015 and will have a healthy growth at over 6% CAGR from 2016 to 2024.
Asia Pacific registered more than USD 2 billion in 2015 and accounted for over 50% of the global hydrogen peroxide market share. Strict regulatory norms in North America and Europe will shift the global market towards APAC.
North America hydrogen peroxide market is anticipated to cross a total revenue of USD 1,000 million by 2024.
Akzo Nobel, Evonik, Arkema, Solvay and Kemira account for significant industry share. Analysts expect the market to consolidate over the next decade.
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Hydrogen peroxide market research report includes in-depth coverage of the industry, with estimates &forecast in terms of volume in tons and revenue in USD from 2013 to 2024, for the following segments:
Hydrogen Peroxide Market By End User
Paper &pulp
Chemical
Waste water 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 (LATAM)
Brazil
Mexico
Middle East &Africa (MEA)
South Africa
GCC
More Report At: http://www.openpr.com/news/archive/144590/marketstudyreport-com.html
Table of content:
Chapter 2. Executive Summary
2.1. Hydrogen peroxide industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. End-User trends
2.1.3. Regional trends
Chapter 3. Hydrogen Peroxide Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor matrix
3.4. Hydrogen peroxide industry impact forces
3.4.1. Growth drivers
3.4.1.1. Rising demand from paper & pulp industry
3.4.1.2. Increasing popularity of hydrogen peroxide as raw material for propylene oxide production (HPPO process)
3.4.2. Industry pitfalls & challenges
3.4.2.1. Health and environmental hazards associated with hydrogen peroxide
3.5. Growth potential analysis
3.6. Porter's analysis
3.7. Company market share analysis, 2015
3.7.1. Strategic landscape
3.8. PESTEL analysis
3.9 Regional price trends
For details about this report: https://www.marketstudyreport.com/reports/hydrogen-peroxide-market
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