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Calcium Peroxide Applications: Global Market Innovations 2024
Calcium Peroxide Market
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According to The Business Research Company's, The calcium peroxide market size has grown rapidly in recent years. It will grow from $2.94 billion in 2023 to $3.29 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to growth in the paper and pulp industries, strong economic growth in emerging markets, expansion in wastewater treatment facilities and increase in demand for food grains.
The calcium peroxide market size is expected to see rapid growth in the next few years. It will grow to $5.06 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to growth in the paper and pulp industries, strong economic growth in emerging markets, expansion in wastewater treatment facilities and increase in demand for food grains. Major trends in the forecast period include rise in mergers and acquisitions among market players and increasing investments in production plant to expand production capacity.
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Market Drivers and Trends:
The rise in the oral healthcare industry is expected to propel the growth calcium peroxide market. Oral hygiene is the practice of keeping one's mouth clean and free from disease and other problems by regular brushing of the teeth and cleaning between the teeth. The rising frequency of dental disorders, the increasing number of practicing dentists on a global scale, and technical developments in oral care products are the primary drivers driving the oral healthcare market. Calcium peroxide is used as a whitening agent in oral care products which helps the tooth enamel renewing the teeth while they are being whitened. For instance, according to Dentistry IQ, a US-based information provider of oral health, the global oral care industry was valued at $53 billion in 2020, and it is expected to grow to $96 billion by the end of 2031. Thus, the growing oral healthcare industry drives the calcium peroxide market.
Companies operating in the calcium peroxide market are focusing on investing in production expansion to gain competitive expansion and increase market share. For instance, in 2023, Peróxidos do Brasil, a joint venture between the Belgian Solvay, a Belgian multinational chemical company and the Brazilian group Produtos Químicos Makay (PQM), completed a $78 million expansion investment package to increase its hydrogen peroxide production capacity in Brazil and Chile.
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Major Key Players of the Market:
UPL Limited, National Fertilizers Limited, Lallemand Inc, Novozymes A/S, Chr. Hansen Holding A/S, Gujarat State Fertilizers & Chemicals Ltd, T.Stanes& Company Limited, IPL Biologicals Limited, Bioceres Crop Solutions, FMC Corp, Biolchim SpA, Genliduo Bio-tech Corporation Ltd, Kiwa Bio-Tech, Shandong Sukahan Bio-Technology Co. Ltd, Atlántica Agrícola, PT Pupuk Kalimantan Timur, Ajay Farm-Chem Pvt. Ltd, Ajay Bio-Tech (India) Ltd, Bio Vision corporation, Guano, CF Fertilizers Ltd, Yara Ltd, Toopi organics, Biofa AG, Symborg, Biopartner sp z.o.o, AGROUNIK d.o.o, EuroChem Group AG, Agrocare Canada, Agrinos, Anuvia, BioFert Manufacturing Inc, Kiwa Bio-Tech Products Group Corporation, Kula Bio Inc, Novozymes Latin America Ltda, Rizobacter Argentina S.A, Indogulf Bio AG, Nurture Growth Bio Inc, SABIC Agri-Nutrients Company, Green Muscle, Greenbelt Fertilizers Limited, Golden Fertilizer Company Limited, ETG Inputs Holdco Limited
Calcium Peroxide Market 2024 Key Insights:
• The calcium peroxide market size is expected to see rapid growth in the next few years. It will grow to $5.06 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%.
• The Surge In Oral Healthcare Industry Boosts The Calcium Peroxide Market
• Investments In Production Expansion Propel Companies In The Calcium Peroxide Market
• Asia-Pacific was the largest region in the calcium peroxide market in 2023
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