Specialty oxidant Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2023

Market Research
Specialty oxidants are those chemical species that eliminate one or more electrons from another reactant in a chemical reaction. Specialty oxidants being good electron receptors, it is widely used in bleaching agent, defoliant, and chemical synthesis among other applications across an array of end use industries such as healthcare & personal care, wastewater & water treatment, food processing, pulp & paper, textile, and others.

Market impetus factors associated with the global specialty oxidants market includes the increasing consumptions of specialty oxidants such as sodium chlorate and hydrogen peroxide in bleaching and de-inking processes applied to recycled paper in the paper industry coupled with the recycled paper market growth is expected to drive market growth over the forecast period. Furthermore, rising demand for specialty oxidants in the healthcare & personal care industry applications such as sterilization, toothpaste, sanitizer, bleaching is also likely to positively influence the market during the forecast period On the plus side, increasing investment in the wastewater & water treatment industry as well as expansion of food processing industry in the developing markets is anticipated to boost overall specialty oxidants demand. Additionally, specialty oxidants are used as a cleaning agent across the electronics industry. Thus, considering the bolstering growth of electronics industry, especially in the Southeast Asian countries is anticipated to offer lucrative market growth opportunities for global specialty oxidants market.

Key Players
Some of the prominent players operating in the specialty oxidant market are
• Akzo Nobel N.V (the Netherlands),
• Aditya Birla Chemicals (India),
• Gujarat Alkalies and Chemicals Ltd (India),
• Evonik (Germany),
• Arkema Group (France),
• MITSUBISHI GAS CHEMICAL COMPANY, INC (Japan),
• Solvay (Belgium)
• others.

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Asia Pacific is expected to dominate the market during the forecast period due to increasing consumption of specialty oxidant in end use industries such as pulp & paper, wastewater & water treatment, food processing among others. Asia Pacific will continue to see significant growth in demand due to global shift of pulp & paper industry towards, India, China, Vietnam, Malaysia, and Australia owing to availability of cheap raw material and cost effective labor force. Furthermore, lenient government norms as compared to the developed regions can be further attributed to the growth of specialty oxidants market in the Asia Pacific region. The region accounted for around 30% global specialty oxidants market. Additionally, rising disposable income coupled with increasing spending on personal care products such as shampoo, hair dyes hair bleaches, and conditioners in the region is expected to fuel market growth for specialty oxidants. Moreover, key players operating in the market has increased investment in emerging economies due to low setting up production plant cost. The continuous growth of pulp & paper industry, coupled with rising application of specialty oxidant as an environment-friendly bleaching agent and the impressive growth of electronics industry in Asia Pacific has propelled the regional market for specialty oxidants

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Segmentation
The global specialty oxidants market is segmented on the basis of type, application, end use industries, and regions. On the basis of type, the market is segmented into sodium chlorate, hydrogen peroxide, and others. Based on the application, the market is segmented into defoliant, bleaching, propulsion, cleaning & extraction, and others. Bleaching based segment is the largest segment as compared to other applications. On the basis of end use industries, the market is categorized into healthcare & personal care, wastewater & water treatment, food processing, pulp & paper, textile, and others. Based on regions, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

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