Press release
Whats driving the Hydrogen Peroxide Market Growth? Arkema S.A., Evonik Industries AG, Solvay S.A., Akzo Nobel N.V., Kemira Oyj, Mitsubishi Gas Chemical Company, Inc., PeroxyChem LLC, Aditya Birla Chemicals Limited
Hydrogen Peroxide Market
The product is extensively used in the water treatment sector, as well as in various chemical processes. In addition, the commercialization of hydrogen peroxide propylene oxide or HPPO process for the production of propylene oxide is likely to further push market trends. Other factors contributing to the industry growth include electronic grade applications of the product, usage in metal treatment, and concrete investment in R&D activities, which has resulted in significant development in product grades.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Arkema S.A.
2. Evonik Industries AG
3. Solvay S.A.
4. Akzo Nobel N.V.
5. Kemira Oyj
6. Mitsubishi Gas Chemical Company
7. PeroxyChem LLC
8. Aditya Birla Chemicals Limited
9. Gujarat Alkalies and Chemicals Ltd. (GACL)
10. Kingboard Chemical Holdings Ltd.
The application spectrum of hydrogen peroxide encompasses a plethora of use cases. Usage in wastewater treatment is among the major applications of hydrogen peroxide, where it is deployed as an oxidizing agent. The ability to minimize the toxicity of organic compound and improve biodegradability makes the product highly desirable in the vertical.
In the chemical industry, the product has routine applications in the production of sodium perborate, sodium percarbonate, and various other peracids. Hydrogen peroxide market share from chemical industry applications stood at over USD 1,300 mn in 2015 and is expected to expand with an anticipated CAGR of 6% over 2016-2024.
Speaking of the paper & pulp industry, hydrogen peroxide market is anticipated to procure remarkable revenues from the vertical. The product is used for brightening deinked papers, which is likely to boost hydrogen peroxide industry demand. For the record, the global paper & pulp industry stood at USD 550 bn in 2015 and is anticipated to expand with a rapid momentum in the coming years.
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Growth Drivers are
1. Rising demand from paper & pulp industry
2. Increasing popularity of hydrogen peroxide as raw material for propylene oxide production (HPPO process)
Hydrogen peroxide market size from pulp & paper sector accumulated around USD 1,550 mn in 2015 and is expected to dominate the market throughout the forecast period.
The burgeoning growth of the wastewater treatment industry has ignited pockets of growth in the Europe hydrogen peroxide market. As per reliable estimates, around 18,000 wastewater treatment plants are currently operational in the region, which is generating massive hydrogen peroxide market demand. The region is endeavoring to achieve 100% sludge reuse targets in the coming years, 60% of which has already been achieved. Moreover, the presence of major manufacturers in the region is spurring the market growth.
However, owing to stringent regulatory norms pertaining to the production of hydrogen peroxide, manufacturers are increasingly shifting focus towards Asia Pacific, making it a potential avenue for hydrogen peroxide market growth in the coming years. As per estimates, APAC constituted more than 50% of the global hydrogen peroxide market share in 2015 with a valuation of USD 2 billion.
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