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Hydrogen Peroxide Market 2020- 2024|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,
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Top Companies
1. Evonik Industries AG
2. Solvay S.A.
3. Akzo Nobel N.V.
4. Kemira Oyj
5. Mitsubishi Gas Chemical Company
6. PeroxyChem LLC
7. Aditya Birla Chemicals Limited
8. Gujarat Alkalies and Chemicals Ltd. (GACL)
9. Kingboard Chemical Holdings Ltd.
Growth Drivers are
o Growing demand for natural and organic cosmetics
o Rising e-commerce market for selling cosmetics products
o Increasing working women population
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Paper and pulp industry, dominating the global market share by 40% in 2015, is expected to record a CAGR of 5% over the period of 2016-2024, owing to its increasing demand for stationery and recycled paper. This lucrative sector may consume hydrogen peroxide worth USD 2500 million in the coming seven years.
Another sector witnessing heavy gains in the hydrogen peroxide industry is the waste water treatment industry. This industry will observe escalating growth at a rate of 5.5% over the period of 2016-2024. Government regulations for waste water treatments in industry and environmental protection are the attributing factors for the industry growth.
North America and Europe hydrogen peroxide market report are expected to cross USD 1,000 million by 2024. However, strict regulations by REACH, EPA, FDA and OSHA will shift the focus of the manufacturers to Asia Pacific regions.
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Notable hydrogen peroxide industry participants are AkzoNobel, Arkema, Gujarat Alkalies, Solvay S.A., Kemira Oyj, Mitsubishi Chemical Corporation, Gujarat Alkalies & Chemicals, and Evonik Industries.
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