Hydrogen Peroxide Market Growth by Key Players: Arkema S.A., Evonik Industries AG, Solvay S.A., Akzo Nobel N.V., Kemira Oyj, Mitsubishi Gas Chemical Company, Inc., PeroxyChem LLC,
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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.
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.
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.
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Partial Chapter of the Table of Content
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
184.108.40.206. Rising demand from paper & pulp industry
220.127.116.11. Increasing popularity of hydrogen peroxide as raw material for propylene oxide production (HPPO process)
3.4.2. Industry pitfalls & challenges
18.104.22.168. 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
3.9.1. Cost structure analysis
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Global hydrogen peroxide market is consolidated and the competitive landscape is expected to witness several mergers and acquisitions. Key participants operating in the hydrogen peroxide market are Kemira Oyj, Evonik Industries AG, Akzo Nobel, Solvay, Mitsubishi, Arkema, Gujarat Alkalies, and Aditya Birla Chemicals Ltd.
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