Press release
Hydrogen Peroxide Market 2017 – 2024: Escalating paper and pulp industry to stimulate the market growth
U.S Hydrogen Peroxide Market size, by end-user, 2015 & 2024 (USD Million)
Increasing awareness for eco-friendly packing process and recycled paper will stimulate the hydrogen peroxide market outlook notably. The packaging industry is focusing towards flexible packaging material than plastics to cater to the growing demand. Moreover, consumption of paper across the globe influencing the global paper & pulp industry has been a strong driving factor for the growth of the hydrogen peroxide market. According to Global Market Insights, Inc. “Hydrogen Peroxide Market size is estimated to witness a CAGR of 5% over the period of 2016-2024.”
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New developments and ongoing research in the market is expected to positively impact the hydrogen peroxide industry. For instance, the use of electronic grade hydrogen peroxide with sulfuric acid as an oxidizing or cleaning agent in etching of semiconductor boards will generate huge growth opportunities for the hydrogen peroxide market outlook.
Moreover, the introduction of hydrogen peroxide propylene oxide (HPPO) process in 2008 in a collaboration between ThyssenKrupp Uhde and Evonik Industries has embarked the commercialization of this process. As a result, increasing adoption of HPPO process in various other companies such as Solvay, Dow Chemicals, and BASF SE will have a dynamic impact on the hydrogen peroxide market share.
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Asia Pacific, led by China hydrogen peroxide market is anticipated to grow at a rate of 6% over the period of 2016-2024. Supportive government norms along with cost effective labor workforce will justify the regional growth.
North America market is expected to witness heavy gains with target market size slated to reach USD 1,000 million by 2024.
Europe, having covered a quarter of the overall industry share, is projected to register a CAGR of 4% in terms of volume over the period of 2016-2024.
Table of Content for Hydrogen Peroxide Market:
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
3.9.1. Cost structure analysis
View a summary of the “Hydrogen Peroxide Market Size, Industry Analysis Report” @ https://www.fractovia.org/news/industry-research-report/hydrogen-peroxide-market
Paper and pulp industry is the most lucrative sector, which dominated the global hydrogen peroxide market share by covering 40% of the overall share in 2015. Hydrogen peroxide market share in the paper & pulp industry is predicted to surpass USD 2500 million by 2024. The growth is subject to growing demand for recycled papers and stationery in the packaging industry. Wastewater treatment sector is another profitable end-user contributing toward a notable share in the hydrogen peroxide market and is foreseen to register a CAGR of 5.5% over the period of 2016-2024.
Major participants of the hydrogen peroxide industry include Arkema, Gujarat Alkalies, Solvay S.A., Kemira Oyj, AkzoNobel, Mitsubishi Chemical Corporation, Evonik Industries, and Gujarat Alkalies & Chemicals.
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